Here’s the situation: you’re either a motorcycle rider or you’re not, at least according to the fervent motorcycle blogs you’ll find online. The motorcycle aficionado website, RideApart, explains that all skilled motorcyclists share one thing in common: they respect the bike. When you acknowledge the power of the motorcycle, you acknowledge that it is up to you as its rider to match its intensity, its sovereignty of the road so to speak. The last thing you’ll want to get hung up on is the price it costs to insure the bike.
To head out on the open road free of financial burden, allow us at CoverHound to find you the motorcycle insurance quote of your dreams.
It’s All Relative: Ducati vs. Honda
According to Motorcycle Insurance Reviews, a website dedicated to offering free insurance advice on bikes, the average motorcycle insurance premium costs between $200-$500 a year. Now when you compare that number to what the average auto driver pays a year in insurance fees, riding a motorcycle instead seems like the more economical way to go.
Because motorcyclists appear to pay roughly the same amount of money a year for motorcycle insurance coverage, you would think that the brand of motorcycle you ride wouldn’t matter when it comes to premium cost. It does matter. In a list titled Top 10 Most Expensive Motorcycles to Insure compiled by Motorcycle.com, we’ve learned that Ducati and Honda motorcycles are among the most expensive bikes out there to insure. Ducati takes slots 8, 7 and 6 with Honda taking slot 4. As Ducati and Honda are more expensive to insure, their premium rates will most likely be similar. But why are Ducati and Honda models more expensive to insure?
Ducati Motorcycle Characteristics
Ducati describes their Italian-made bike as having three distinguishing characteristics: the bike is clean, essential and compact. The Ducati design team believes a motorcycle should only have what it absolutely requires. Adding ornamentation or embellishments only serves to cheapen the bike. Designing and building bikes for the past 90 years, Ducati has created a streamlined power cruiser to stand the test of time.
Honda Motorcycle Characteristics
This Japanese-made road sportbike has been in commission since 1959 and has a reputation built on reliability, endurance, power and comfort. Considered to have one of the best fuel injection systems of sport bikes, Honda has continued to produce fast and economical road bikes for the last six decades, and it doesn’t look like they’re going to stop any time soon.
What to Look for in Motorcycle Insurance Coverage
Now what we really need to focus on is figuring out how much motorcycle insurance coverage we should have before we take to the streets. There are only three states in the U.S. that don’t require motorcyclists to have insurance. Even if you happen to live in one of these states (Florida, Montana and Washington) we advise that you do so. According to the Insurance Information Institute (III) motorcycle riders are 26 times more likely to get injured or die in a crash than their passenger vehicle counterparts. Should you get hurt or lose your life in an accident, you’ll want to make sure your insurance will cover the costs. MotoUSA recommends that motorcyclists get liability and comprehensive coverage. If you’re involved in an accident and you have both these coverage types in hand, you’ll be covered, no matter who was at fault.