The Progressive Group of Insurance Companies, Mayfield Village, Ohio, says a recent study of claims data on more than two million motorcycles it has insured over the past three years uncovers the makes and models of bikes most and least likely to be stolen or crashed.
"Insurance rates are based on a lot of information about you and your driving record as well as the make and model bike you ride," said Rick Stern, motorcycle product manager, Progressive.
Progressive, citing its study, says the top five motorcycle types most likely to be stolen are the Suzuki GSX-R series, Yamaha YZF series, Honda CBR series, Suzuki Hayabusa, and Kawasaki Ninja series.
Progressive says bikes least likely to be stolen are the Suzuki Savage, BMW R1200C, Honda Rebel Series, Honda Shadow Series, and Yamaha V-Star.
The insurance company says the five model types most likely to be involved in a crash are the GSX-R series, Kawasaki Ninja series, Suzuki TLR, Yamaha YZF series, and Honda CBR series. Least likely to be crashed: Yamaha Virago Series, Honda Rebel Series, Suzuki Savage, Harley-Davidson FXR, and BMW R1200C.
It appears the data simply mirrors vehicle sales trends. Still, what does this information mean for bikers?
“If you buy a bike that's stolen often, you may pay more for comprehensive coverage, and if you buy a bike that is involved in more crashes then you may pay more for collision,” said Stern. “We want bikers to be aware of what drives rates so they can make better, more informed insurance decisions.”
Copyright 2005 Powersports Business