Factors That Determine Motorcycle Insurance Price 
                     Factors That Determine 
Motorcycle Insurance 
Price 
Factors That Determine Motorcycle 
Insurance Price 
 Knowing the factors that determine motorcycle insurance price is very important if you are 
looking to buy motorcycle insurance. The cost of motorcycle insurance is dependent on a lot 
of things, some of which you can control, and some that you can’t. The following are some of 
the factors that influence insurance premiums.
 You age is one of the factors that is going to affect the cost of your insurance. Drivers who are 
under 25 years of age will usually see higher premiums since they have less overall driving 
experience, and as such, they are labeled as high risk.
 Another factor that will determine your motorcycle insurance price is your driving record. If 
your driving record is wrought with collisions and tickets, you will most definitely see your 
premium go up. Insurance premiums are normally built on risk, and having a lot of traffic 
violations increases your risk level. Insurance companies usually provide some form of no-
claims bonus for individuals who have not made a claim for a certain period of time.
Factors That Determine Motorcycle 
Insurance Price 
 Your bike will also affect the cost of your motorcycle insurance. If you have a classic bike with 
hard to come by parts, you should be ready for higher premiums. You need to keep in mind that 
if you customize your bike in any way, you need to let your insurance provider know as this 
may affect your premium; even worse, failure to tell your insurance provider could result in a 
future claim being deemed invalid.
 Last but not least, your location and security will determine your motorcycle insurance price. 
Depending on the theft and accident rates in your area, your insurance costs may fluctuate. 
Cities tend to be more expensive than rural areas for this very reason. Your ability to secure 
your bike also plays a factor. If you have a locked garage, you are likely to see a lower price 
compared to someone who has to leave their motorbike unprotected on the street
 For more information on the factors that determine motorcycle insurance price, visit our 
website at  https://openroadinsurance.ca/
Factors That Determine 
Motorcycle Insurance 
Price