Is a Motorcycle Really Worth the Cost?
Bill Allen | December 7, 2021 | Motorcycle Accident
Motorcycles are a fun and adventurous way to travel. Motorcyclists have the opportunity to enjoy the open road in ways that drivers of passenger vehicles cannot.
However, motorcycles do not provide riders with the standard safety features of a car or truck. Because of this, motorcyclists face increased risks of serious accidents and injuries.
Motorcycles can also be expensive. Many enthusiasts spend significant amounts of money each year on purchases and upkeep.
Knowing this, you may wonder whether the enjoyment of a motorcycle is worth the cost. Below, we will discuss some of the most important issues to help you make an informed decision.
Using Different Motorcycles for Specific Purposes
Some people believe that all motorcycles are essentially the same. This view is mistaken.
There are three primary types of motorcycles: touring, cruiser, and sport. Each type of motorcycle is designed to fulfill a specific function.
Cruisers are designed for everyday use. There are many different kinds of cruiser bikes, and some of these styles are very cost-effective. For these reasons, many first-time motorcyclists purchase a cruiser.
Touring motorcycles are intended for long-distance trips. To meet this need, they are often equipped with more storage and comfortable seating. However, touring bikes are typically more expensive than standard cruisers.
Finally, sport motorcycles feature sleeker designs and can travel at higher speeds. However, the increased speed of a sport bike also creates a greater risk to the rider. These motorcycles are some of the most dangerous bikes to own.
Common Motorcycle Costs
Motorcycles usually cost less than a standard passenger vehicle. However, they do not provide the same level of comfort or safety.
The price to purchase a motorcycle can vary widely. Retail prices on new motorcycles can range from around $5,000 to more than $200,000.
No matter how much you decide to spend on the initial purchase, motorcycles often require more maintenance costs than cars and trucks. This is because they require more frequent servicing.
For instance, motorcycle tires should be replaced every 4,000 to 10,000 miles. The cost of a new pair of tires averages between $400 and $600. Because of the need for parts, maintenance, and repair, the financial costs of motorcycles can add up quickly.
While repair costs may be high, fuel expenses are typically lower for motorcyclists than they are for drivers of other vehicles. The average car travels around 23 miles on a gallon of gasoline. The average motorcycle gets between 50 and 60 miles per gallon.
Fuel costs are much more manageable because motorcycles are much smaller than cars and trucks. Carrying less weight means less fuel burned.
Insurance Costs and Coverage
The financial costs for motorcycle insurance will be influenced by the following factors:
- Your age
- Your city and state
- Your driving history and records
- Your driving habits
- Where you live and park
Insurance costs for motorcycles tend to be lower than they would be for cars and trucks. In fact, some states do not require any insurance coverage for motorcyclists.
However, it is always best to carry an insurance policy to cover the potential costs of a motorcycle accident or injury.
Are Motorcycles Worth the Costs?
If you are considering buying a motorcycle, it is important to think through all of the potential costs. The financial expenses are only part of the equation.
While cars and trucks generally cost more money, motorcycles do not provide you with the same level of personal protection and safety. Make sure to consider all these factors carefully as you’re deciding which type of vehicle will be right for your needs.
Contact Our Motorcycle Accident Law Firm in North Central Florida
If you need legal assistance, contact the Ocala motorcycle accident lawyers at Allen Law Firm at your nearest location to schedule a free consultation today.
We have two convenient locations in North Central Florida:
Allen Law Firm, P.A. – Gainesville office
2550 SW 76th St #150
Gainesville, FL 32608
Allen Law Firm, P.A. – Ocala Office
112 S Pine Ave
Ocala, FL 34471