There are many advantages to riding a motorcycle instead of driving a car and one of the biggest is the cost. It is much cheaper to buy and operate a bike than it is a car. It is also cheaper to insure a motorcycle. This confuses a lot of people who just assume that because bikes are more dangerous than cars they must cost more to insure. So why is it easier to find cheap bike insurance than cheap car insurance? The answer is because the biggest risk to the insurance company is the cost of liability insurance.

The reason that bike insurance is cheaper than car insurance is that a car is far more likely to kill or injure somebody in an accident. In a motorcycle accident the rider is far and away the most likely person to get hurt, that really doesn’t matter to the insurance company. For an insurance company the biggest risk is having to pay out damages for an accident cause by somebody that they insured, that’s why liability insurance is the most expensive part of insuring a vehicle according to www.carolenash.com. Since the damage a bike can do is much more limited that the damage a car can do there is far less risk for the insurance company. That of course means lower premiums.

It is also usually cheaper to get comprehensive insurance on a bike than it is on a car. Again this relates to the amount that the insurance company has to pay out. Damage to a bike usually costs less than damage to a car. However part of this is offset by the fact that motorcycles are more likely to be involved in an accident than a car. That means that unlike liability insurance which is almost always cheaper for a bike comprehensive coverage may or may not be cheaper for a motorcycle.

One of the reasons that bike insurance can be cheaper is personal injury coverage. Since there is far greater risk of injury on a motorcycle than in a car and insurance premiums are based on risk it seems like that shouldn’t be the case. In reality the risk of injury on a motorcycle is so great that it isn’t covered by standard bike insurance policies. That means that if you want the coverage you are going to have to buy it separately. Although you can save money by not getting this coverage it is a really bad idea.

Bike insurance is cheaper because there is likely to be less damage to other people in the event of an accident. That being said you can still save money on your bike insurance by being a good driver. All of the usually advice about saving money on car insurance applies to bikes as well. Being a safe rider taking a rider course and the like will help to reduce the cost of your motorcycle insurance.