Motorcycles are a big part of life in New Hampshire. Not only are we home to Laconia Motorcycle Week every June, but we also have the second-highest number of motorcycle registrations per capita in the US, after Montana. All those motorcycles mean that NH motorcycle insurance is an important element in the work of New Hampshire insurance agencies, including ours at Morin Insurance. There’s a lot of overlap between motorcycle and car insurance, but there are some things that are unique to motorcycle coverage.
Here’s a look at some of the issues and challenges unique to motorcycle insurance so NH riders can be prepared.
Higher Premiums or Limited Coverage
The price of insurance coverage depends on many factors. One of the largest is the likelihood of an accident and the associated costs. Motorcycles with more powerful engines often have higher premiums because they are classified as sports bikes and are associated with a higher risk of accidents. Additionally, certain customizations may limit your coverage options. Standard insurance coverage often does not cover aftermarket parts, so you should consider additional coverage to fully protect your bike.
Weather-Related Risks
Motorcycles are at a greater risk of an accident during bad weather. Slippery roads, high winds, and poor visibility are all more dangerous for motorcycle riders than other motorists, and the added risk can increase the cost of insurance. Motorcycles are also at a greater risk of storm damage because they are more likely to be parked or stored outside.
Storage, Theft, and Other Risks
Speaking of storing your motorcycle outside, that also puts it at a greater risk of theft and vandalism. Comprehensive insurance will help you cover the cost of replacing a stolen or vandalized motorcycle, but you’d prefer to prevent those situations. Proving to your insurance company that you store your motorcycle in a safe place can lower your insurance costs.
Younger riders and riders with a history of accidents are also more expensive to insure. However, the longer you go without an accident, the easier it is to lower your premiums over time.
NH Motorcycle Insurance | The Morin Agency
At Morin Insurance, we understand the needs of New Hampshire residents and motorcycle riders. Our agents work with each of our clients individually to provide everyone with the coverage they need.
