Motorcycle insurance provides riders in Winder, GA coverage from accidents, injuries, theft, vandalism, and other perils. Understanding the current trends in the industry and choosing the right policy to ensure you have adequate coverage for a trendy bike or upgrade is essential. Ransom & Associates Insurance Agency provides insights on five motorcycle trends and how they can affect insurance policies.
1. Rising Interest in Electric Motorcycles
With environmental sustainability growing in popularity, more and more riding enthusiasts are investing in eco-friendly electric motorcycles. These clean-burning bikes reduce carbon emissions and could potentially impact your premiums.
2. Technology Equals Connectivity
The Internet of Things (IoT) is rapidly revolutionizing the motorcycle industry. This tech comprises a network of connected devices and features that can exchange, collect, and analyze data. IoT enables motorcycles to be safer, smarter, and highly efficient. It facilitates opportunities for personalization, innovation, and connectivity.
3. Advanced Safety Features
Advanced riding safety features are becoming more commonplace and effective. Manufacturers are equipping motorcycles with more sophisticated systems such as stability control and anti-lock brake systems. This could translate into potential insurance discounts.
4. Self-Driving Motorcycles
Similar to self-driving cars, motorcycle brands are beginning to offer bikes that drive themselves. While this technology is still in the developmental stages, autonomous driving motorcycles are gradually becoming a part of the industry. However, there’s currently no data on how this could impact insurance premiums.
5. 80s Styling Is Making a Comeback
The motorcycle market is seeing a resurgence in models with throwback retro body styling. While the café racer bodies remain popular, more buyers are interested in the Grand Prix racer look from the 80s.
Learn More About Insuring Trendy Motorcycle Features
Currently, trends change swiftly. Understanding how these trends can alter your insurance policy is important before proceeding. Depending on various features, special edition bikes could positively or negatively affect your premium rates. Learn more from our Ransom & Associates Insurance Agency team in Winder, GA.
