Factors Influencing Motorcycle Insurance Price
                     Factors Influencing 
Motorcycle 
Insurance Price
 The more your bike is exposed to risk, the more the insurance will 
cost. When enrolling you in the insurance policy, insurers will have to 
determine your risk level, by looking at the kind of environment 
exposed to you and your bike. They will then use this information to 
Factors determine how likely you are to file a claim on your policy. If you are 
likely to make frequent claims, the more the insurance will cost you. 
Influencing Below are some of the factors influencing your 
Motorcycle motorcycle insurance price.
Insurance  The first factor influencing motorcycle insurance price is the value of 
your bike. More expensive motorcycles cost more to insure. An 
Price insurance company will have to charge more premiums. In case of an 
accident or theft an insurer is likely to pay more to repair or replace 
the motorcycle, hence the high cost of insurance. As we all know an 
insurance company is more of a business and they cannot afford to 
operate at a loss. Charging more for expensive bikes is only fair. 
 The second factor influencing motorcycle insurance price is your 
location or address. Some areas have more insurance risk than others. If 
you reside in town, your motorcycle is exposed to more risk due to 
traffic and theft, unlike if you were residing in a rural area where 
Factors accident cases and theft are rare. Bikers living in urban areas tend to pay 
more.
Influencing 
 Lastly, another factor influencing motorcycle insurance prices is 
Motorcycle motorcycle usage. How much do you use your bike? I f the bike is 
Insurance always in use, either for business purposes or you use it to get yourself to work and back every day you are likely to pay more than the person who 
Price only uses his motorcycle on the weekends for leisure. The more the 
motorcycle is in use, the more likely it is exposed to risks hence the high 
cost of insurance.
 For more information on the factors influencing motorcycle insurance 
price, visit our website at https://openroadinsurance.ca/
Factors Influencing 
Motorcycle 
Insurance Price