Virginia motorcycle insurance rates are often quite low. Depending on the size of the bike, how you use it, how often you ride it, and your driving experience, you might be a little surprised to learn how low the cost of insuring your motorcycle in Virginia may be.
What Determines The Rate?
The main factors that impact the cost you pay are the value of the motorcycle, how expensive it is to repair and the incidence of accidents that seem to follow the bike. That is, are they regularly involved in a lot of thefts and accidents? Of course, your Virginia driving record must be taken into account along with where you park it an night. And if you are under age 30, expect an elevated rate.
If you use your cycle every day (such as driving to work), you will pay much more than if you mostly drive on weekends. There may also be “low-mileage” discounts, depending on the company.
Discounts will usually be available if you keep it in a garage at night. A locked garage may also increase the size of the discount. A lack of driving teenagers in the household will lower premiums, as will any type of alarm system or anti-theft deterrence on the motorcycle.
What Types Of Motorcycles Are The Cheapest To Insure In Virginia?
It’s difficult to pinpoint the specific bikes that are the least expensive since motorcycle insurance rates in Virginia can be so different for many of the reasons earlier mentioned. However, a few options are Kawasaki’s ER-5, Suzuki’s GSF600 and S40, Yamaha’s XJ6, and Honda’s CB600 Hornet. Harley Davidson’s V-Rod also has reasonable rates (for a Harley!).
Are Motorcycle Policies The Same as Vehicle Policies?
Absolutely not! In Virginia, the injuries you sustain in an accident (which could be very serious) are covered differently. Benefits are less and you may have to add a rider or increase coverage to bring it up to acceptable levels. Passengers riding with you have less coverage than they do on your car insurance policy. And your personal belongings, although there may not be many, are not covered as well.
Because of the complexities of making sure you have the right coverage, a seasoned broker will be able to properly advise you what components of the policy are the most important, and what other areas (if any) should be increased. There is no question that if you are involved in a motorcycle accident, your personal injuries will be much more serious than a similar car accident. So it’s critical to be properly insured.
Can I drive outside of Virginia?
Usually, you are allowed to drive outside of Va. It is possible that other state insurance laws may be different (no-fault vs. fault, for example) so make sure you carry your ID card with you while you are driving. Also, keep a copy of the card in your wallet.
How Do I Find The Lowest Rates?
We can help you with that. To compare and find the lowest available motorcycle rates, you’ll have to check with about three or four companies. Progressive, State Farm, Progressive and a few others will be a good start. Our “free quote” section at the top of the page or the Free Quote box below, can help you get started.