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The expense of motorcycle insurance is driven by several factors starting with the type of coverage, driving record, and age and gender of the driver. However, one factor that also affects the cost of insurance is theft.

How does Theft Play a Role in Motorcycle Insurance?

The theft of motorcycles is a major issue in most cities in the US. There are some reasons why they are such high targets;

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  • Far easier to steal compared to automobiles
  • Lack of number of theft protections compared to automobiles
  • Thieves can sell intact for a quick profit
  • Can be sold as parts for even more profit

This is true, especially if the motorcycle has custom or expensive aftermarket parts that are of great value. For thieves, they make for very tempting targets, which in turn affects the premiums of motorcycle insurance. If you were to get your bike stolen, your rates would almost certainly go up. It doesn’t help that many motorcycles can now be started by remote, making them easier to steal.

With a nationwide recovery rate for stolen bikes being just under 40%, this does not compare very favorably to automobiles where the recovery rate is just under 54%.

Anti-Theft Devices Help Lowering Insurance Rates:

The more you protect your motorcycle in ways that the insurance company recognizes, the more your rates will be lowered. Part of protecting your motorcycle is keeping it in a locked garage at home. So, it becomes less of a target, locking your motorcycle to a stationary object like a streetlight that cannot be moved and installing loud alarms that get people’s attention.

Bike Padlock for Safeguard

Anti-theft devices are part of this equation as they help to dissuade thieves from taking your bike. Most devices of this type are found in two categories. Those that protect the ignition, so the bike is difficult to start, and those that bar movement so that it cannot be rolled away. You will need to check with your insurance company to see which types of anti-theft devices will not only provide protection but get you a discount.

Installing anti-theft devices offer many benefits when it comes to protecting your motorcycle. This is particularly true if you live or work in an area where bike theft is very high.

  • Provides Discounts for Insurance for Young Drivers.
  • Promotes Better Safety Habits in Protecting Your Motorcycle
  • Dissuades Thieves from Taking Your Bike
  • Provides Greater Peace of Mind

Avoid Being a Target:

Thieves usually go after the easy targets, so be sure that the locks and other anti-theft devices you use are bright, colorful, and, most importantly, obvious. You want everyone to know that your bike will be difficult to steal, so be sure your motorcycle has an excellent protection cover. When thieves see that it’s going to be trouble to take your bike, they’ll move to another target.

Using the anti-theft devices as indicated by your insurance company provides you with better protection and discounts on your policy. Be sure to consult with them on how you can save money by using the right devices.

Author

Mike Navarette has more than a decade of experience in the auto insurance industry, but that's not his true passion. He loves getting on a motorcycle to explore roads he's never traveled. You'll find Mike in the garage working on something when he isn't helping clients or leaning into curves. It's sometimes a side hustle, more often a favor, but it keeps his hands busy doing something productive. Since the first time his father strapped on his helmet and took him for a ride, Mike has loved bikes. That passion, along with a desire to help others through a deep understanding of insurance policies, led to the creation of Motorcycle Ride Coverage.

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