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Are you looking to buy a motorcycle? Do you already own one and need motorcycle insurance? Martin Insurance Team offers motorcycle insurance to residents of many communities, including Evergreen Park, IL. Let’s delve into some crucial motorcycle statistics you should know.
Key Motorcycle Statistics to Consider
Motorcycles are generally considered more dangerous than cars due to the exposed nature of riding and the impracticality of installing certain safety features, like airbags. However, motorcycles can be safe when handled correctly.
While accounting for only about 3% of registered vehicles, motorcycles are responsible for nearly 15 percent of total fatalities. Tragically, the number of deaths has been steadily increasing over the last decade. In 2022 alone, over 6,000 fatalities occurred in accidents involving motorcycles.
Motorcycle usage is also climbing. In 2022, merely 4.3 million motorcycles were registered in the United States. This number doubled to reach 8.6 million by 2021. More motorcycle riders may potentially lead to an increase in accidents and incidents.
Motorcycles can also be quite expensive, sometimes rivaling the cost of luxury cars. Legal experts report that insurance settlements average $60,000 per accident. If a motorcycle is involved in a wreck, it’s highly likely to be totaled. Thankfully, the right motorcycle insurance plans can provide coverage and assistance.
It’s crucial to thoroughly understand specific motorcycle insurance policies to ensure you know what is and isn’t covered. Partnering with a competent insurance agent can reduce the risk of misunderstandings. If you’re searching for a trusted insurance agency serving Evergreen Park, IL, don’t hesitate to contact us immediately. The Martin Insurance Team is eager to assist you.
