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Factors Determining Cost of Motorcycle Insurance
Many factors play a role in determining the cost of your
motorcycle insurance. Your age,
your driving record, how often you drive, your rider training, where you live,
and the type of motorcycle or snowmobile you own can all affect your
insurance premium.
For
motorcycles, you can expect to pay a lower premium if you have at least
one year of motorcycle riding experience, or if you have completed a
motorcycle riding course. The type, size, and age of your
motorcycle or snowmobile will also
affect the premium you pay. Usually, the bigger the motorcycle or snowmobile,
the higher the premium. Also, some
motorcycle insurance companies may not insure certain
types of motorcycles or snowmobiles, such as high-performance/sport models.
You may be able to take advantage of special discounts offered by your insurance
company to members of motorcycle or snowmobile associations and mature
riders. You may also save money by insuring more than one
motorcycle or snowmobile under a policy.
http://www.InsuranceHotline.com will provide you with the best rate for your needs and profile.
Source: Financial Services Commission of Ontario
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