Interesting Motorcycle Market Facts - Temecula Insurance Agency - Carver for Auto, Home, Life & Health

Interesting Motorcycle Market Facts

If you're into motorcycles and have ever wondered about the market data, you've come to the right place. 

The two-wheel transportation community recently participated in a survey directed towards primary motorcycle or motor scooter/moped owners eighteen years of age or older. The survey was distributed in order to better understand the characteristics, attitudes, and culture of the motorcycle population. By better understanding all of these factors, motorcycle insurance companies are better able to create insurance policies that best reflect the complex needs of the motorcycle community. The group of motorcyclists completing this survey were 56 percent male, with more than half of them between the ages of 25 and 49. The Harley Davidson by far the most popular manufacturer among the group of motorcyclists, representing a staggering 40 percent of all motorcycles (in the survey). The most popular categories of motorcycles were sports bikes and cruisers, which accounted for 65 percent of the cycles studied. The average model year was 2003, with the average purchase price being $8,572. Nearly three-quarters (72 percent) of those surveyed were the owners of just a single bike, with almost half (46 percent) of respondents saying they were expecting to purchase their next motorcycle within the next two years. However, only 72 percent of those motorcyclists in this survey were fully insured, with an annual policy being the coverage of their choice. A good portion of those surveyed declared they did not ride their motorcycles for an extended portion of the year, with 42 percent of owners dropping or altering their coverage during their off-season (late fall to early spring). 63 percent of those surveyed were the proud owners of one or more recreational vehicles. Be protected with the right motorcycle insurance policy. Contact the insurance professionals at Carver Insurance Services, Inc., with offices in Menifee and Murrieta, for all of your Southern California insurance needs.  

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