An increasing number of senior citizens are riding motorcycles, creating a demand for motorcycle insurance targeted towards this particular demographic. Insurance for seniors is particularly important since studies have shown that older riders in their 50s and 60s, and even in their 70s, were suffering motorcycle injuries at an increasing rate. While most bike insurance for seniors are policies tacked onto their car insurance, there are a number of specialized programs that are specifically designed to meet the needs of older motorcycle riders.
One of the largest of these specialized programs is that offered by the American Association of Retired Persons to its members, which offers a lifetime renewal of your policy provided you meet the necessary terms and conditions. The senior citizen motorcycle insurance program insures a wide range of motorcycle models, including classic bikes, cruisers, sport bikes, custom bikes and touring bikes and offers a choice of deductibles and payment plans to make it more affordable. One of the most notable features of the policy is the first accident waiver, in which your making your first claim will not affect your insurance rates, which can save you money on your premiums. Many important optional coverage features are also offered, including towing and roadside assistance as well as high limits for medical and liability payments and optional equipment coverage.
But even when availing of motorcycle insurance from other carriers, there are discounts that senior citizens can avail of that will help make their policies more affordable. For example, many insurance providers offer a Mature Driver Discount to older motorcycle owners, which can help bring down the cost of premiums. In addition, if the driver enrolls in a recognized motorcycle safety program, such as those run by the Motorcycle Safety Foundation, they can also avail of special discounts, Senior citizens who do not use their bikes daily will also be offered lowered rates under low-mileage discounts.
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