Florida Insurance Blog

Motorcycle Stats Everyone Should Know

Motorcycle Statistics and the Importance of Insurance Coverage

If you’re considering purchasing a motorcycle, already own one, or are simply interested in it, you may find the following stats and facts worth noting. One critical prerequisite before hitting the road on a motorcycle is ensuring that you are adequately covered by the right insurance policy. Motorcycles, though popular and fun, can also be involved in accidents. If you require aid in selecting the right motorcycle insurance, contact Morgan Insurance Services, serving Tampa, FL.

Key Motorcycle Statistics

Motorcycles have a surprisingly long history. Invented in Germany in 1885 by Gottlieb Daimler and Wilhelm Maybach, they precede cars, which were invented a year later. Today, motorcycles are immensely popular in the United States. As of January 2023, there were approximately 8.8 million registered motorcycles in the US, according to Statista. This figure represents a growth of about 1 percent from the previous year. Note that the average motorcycle gets more than 50 miles per gallon, which is significantly better than the average car.

Despite this popularity, motorcycle accidents remain a tragic reality. In recent years, accidents involving motorcycles causing injuries averaged around 80,000 per year. Although there has been a slight decline in injuries, road safety remains of utmost importance. The National Safety Council reports that while motorcycles constitute only 3% of registered vehicles on the roads, they account for 14% of traffic fatalities.

Given these facts, having the right motorcycle insurance is vital for riders. The right policy can potentially cover various areas such as property damage, medical bills, and civil suits, amongst others. It is crucial that each specific policy is reviewed thoroughly to understand what is covered and what is not. For assistance with motorcycle insurance, feel free to get in touch with Morgan Insurance Services, serving Tampa, FL.