Many parents, in particular, wonder if their teenagers will not only be safe on a motorcycle but whether insurance will be available for them. And if so, will insurance for 19-year-old be affordable as well?
These are very important questions, particularly if your teenager is ready to go out in the world and riding a bike will be their form of transportation. If you are 19 or below, this is the right place to learn more about motorbike coverage and apply for free instant quotes.
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Motorcycle Stats: Fatalities and Injuries!
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Is Motorcycle Insurance for Teenagers?
The answer is yes; there is motorcycle insurance for someone just 19 years old. However, such coverage will generally be more expensive than for a 26-year-old and above. There are certain reasons why the premium is higher for teenagers than for adults. This is why having such coverage not be something that is taken for granted.
Insurance premiums are based on statistics, so it is nothing personal against your 19-year-old. The statistics indicate that a 19-year-old male is more likely to be involved in an accident than an adult 10 years older. Insurance is all about risk, so the lower the risk a person is when it comes to having an accident, the lower the premium is going to be.
How Much is Motorcycle Insurance for a 19-Year-Old?
The exact cost for 19 year old is going to vary depending on several factors. Generally speaking, motorcycle insurance quotes for 19-year-old maybe 25% to 30% higher or more compared to a 26-year-old adult.
For parents, you may have wondered why your insurance rates dropped dramatically upon reaching the age of 26. This is because statistics show the number of accidents that happen to 26 to 65-year-olds is dramatically lower than those outside this age group.
Of the many factors that play a role in the premiums, bike insurance for 19-year males will also be more expensive than for females because of the statistics. Although there are more male riders than female riders, males still dominate in the percentage of accidents that occur during this time in their lives.
How to Get a Lower Premium?
You can use several ways to lower the expense for your teenager.
Proper Coverage: Your coverage level will largely dictate your premiums’ price. A comprehensive plan generally covers damage to your bike, but it is far more expensive. You might have no choice but comprehensive if you take out a loan to secure the purchase of the policy.
Basically, you’ll have to weigh the expenses of your policy’s various benefits to get the right coverage for your needs. Put simply, the less in benefits your insurance has, the lower your premiums will be.
Honesty: The insurers that carry bike policies will offer lower rates for various reasons, but you will still need to be honest about your riding time, skills, and protective equipment. It only takes one accident or report that shows you didn’t do what you said, which jacks up your premiums or, in some cases, will have your plan canceled, so be honest about how you ride.
Be Part of a Club: “Rider clubs” offer training to improve riding and reaction skills on the road. If your teen joins one of these clubs and passes the various training exercises, they might get a reduced cost or a substantial discount depending on the insurance carrier. Be sure to check with your provider first before joining such a club. Harley Owners and BMW Motorcycle Club are two that offer training courses.
Low Mileage: A common discount that applies to vehicles as well. If you only ride on the weekends and keep the mileage below a certain level, you may qualify for a substantial discount.
Security & Safety: Motorcycles are big targets for thieves, so adding a security system such as an immobilizer will lower your premiums. Also, keeping your motorbikes in the garage or secured parking area will help. In addition, wearing the proper riding gear and helmet will help protect you in case of an accident, and doing so may keep your premiums down.
Pay All At Once: If you can pay for the entire term of your policy all at once, you will often pay at a discount, just like with auto insurance. Many providers will actually shave off one month just to get you to pay for the rest of the term. So, if you can pay it all at once, do so.
Who Provides Motorcycle Insurance?
You will find that there are quite a few companies that have motorcycle insurance for 19-year-old riders. To find the best will mean looking over their policies, quotes, and coverage so that you can strike the right balance. Some of the companies that provide a decent plan include the following;
- Allstate
- GEICO
- Nationwide
- Progressive
- State Farm
All of these insurance companies have well-established reputations that go back many decades. Add to this their sheer size, and they are the ones that offer some of the most affordable rates. In addition to their size and reputation, the fact that these providers will probably be around for a long time to come will add a little security for those who want to stick to the same company for a while.
Overall, finding the best motorcycle insurance quote for a 19-year-old will not be easy. However, if you take the time to research and find the best coverage for the lowest price, you may save a considerable amount of money in the long run.
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