05-01-2017, 01:54 AM
Despite having 26 accident free years of motorcycling experience with the same insurance company, my bike insurance was almost the same as my Impala LTZ. The Impala is 7 times more expensive than the bike. I only ride the bike on quiet rural roads about once a week during a 6 month riding season. My wife drives the car everyday summer and winter in city traffic.
Insurance premiums calculations are based on historical accident coverage costs. The difference between the two policies in the injury coverage. That make sense a we are far more likely to be injured in an bike accident than a large steel and glass cage.
Given that this motorcycle has been in an accident, the insurance company is looking at the repair cost, your accident history, their adjuster's costs should they be required, and safety concerns should this bike be repaired improperly. It's all about risk and cost.
I had a flat rear tire caused by a nail. I was 1 1/2 hours from home and the tire only had 6,000 kilometers on it. None of the garages in the area would install a plug in the rear tire of a motorcycle because of the risk involved. I left the nail in, re-inflated the tire and limped home. I spoke to my Honda dealer and they also were reluctant to install a plug. It was also expensive given the labour involved. I had the tire replace for my own peace of mind. Cost versus risk.
Insurance premiums calculations are based on historical accident coverage costs. The difference between the two policies in the injury coverage. That make sense a we are far more likely to be injured in an bike accident than a large steel and glass cage.
Given that this motorcycle has been in an accident, the insurance company is looking at the repair cost, your accident history, their adjuster's costs should they be required, and safety concerns should this bike be repaired improperly. It's all about risk and cost.
I had a flat rear tire caused by a nail. I was 1 1/2 hours from home and the tire only had 6,000 kilometers on it. None of the garages in the area would install a plug in the rear tire of a motorcycle because of the risk involved. I left the nail in, re-inflated the tire and limped home. I spoke to my Honda dealer and they also were reluctant to install a plug. It was also expensive given the labour involved. I had the tire replace for my own peace of mind. Cost versus risk.