Most insurance companies prefer to have safe drivers as their customers. The most important calculation involved is the premium. Factors affecting the amount of premiums are the age of the owner, past accident history, whether the person lives in a high crime area, and job location. If the person concerned has a regular accident history then the insurance will get costlier. A high crime rate area means more risk of the bike being stolen and hence, it involves a costlier insurance. Job location makes a difference because the person might have to ride a long way every day, increasing the risk of accident. In this case, a high rate of insurance is applied. Another factor that they look for is the make, size, and model of the owner’s motorcycle. It is always prudent to purchase a motorcycle insurance policy that provides maximum coverage in the unfortunate event of an accident.
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