How Your Motorcycle Insurance Premiums are Calculated

When you are buying motorcycle insurance, there are a number of different things that your insurance company will take into consideration. While every agency has their own way of doing things, your premiums will generally be based on the same list of factors. If you are an avid motorcyclist, It is important to know how motorcycle insurance is calculated, so that you do not receive an unfair policy.


The most obvious factor is value. The more expensive your motorcycle is, the more it will cost to replace. Therefore, if you have a top-of-the-line bike, you will pay higher premiums.

Your Insurance agent will also consider the power of your bike. If your bike has a huge engine that allows you to go over 150 MPH, your insurer will view you as more of a risk. The more power your bike has, the higher your premiums will be.


Another factor, that is a little more unknown than the previous two, is your zip code. If you live in an area of Chicago where there are statistically more car thefts and traffic accidents, you will probably have to pay higher premiums.


Insurance Navy in Palos Hills offers the easiest and affordable motorcycle insurance in Illinois. If you just bought a motorcycle, or are trying to find a more cheap motorcycle insurance policy, the Insurance Navy agents are here to help. You can also learn more about our low-cost motorcycle insurance policies by visiting our website at

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