As mentioned above, age, experience, your state’s laws and the type of bike you own help insurers calculate your motorcycle insurance premium. Additionally, factors like driving history, your location, insurance history and the type of motorcycle you’re insuring play an important part as well, according to the III.

Driving history

Your driving – or in this case “riding” – history gives insurers an idea of how safe or experienced you are as a rider. Fewer speeding tickets and traffic incidents could indicate that you are a lower-risk rider. Additionally, if you’ve taken safety courses, some insurers may offer a discount on your premium, according the Motorcycle Safety Foundation (MSF).

Insurance history

Insurance companies also look at your insurance history. If you make payments on time, for instance, and have avoided lapses in coverage, you could potentially get a better rate than someone who hasn’t.

Location

Where you live may affect your motorcycle insurance rate. That’s because premiums are based in part by rates of accidents, vandalism, theft, etc. in your area. A major city, for instance, is likely to increase motorcycle insurance rates compared to a rural area where there may be fewer vehicles on the road.

The type of bike you own

The type of motorcycle you ride can affect how much you’ll pay for insurance. Motorcycles come with crash ratings, says Business Insider, and the higher the crashworthiness, the safer the bike – and the lower your premium may be.

Additionally, bikes with greater horse power increase accident risk and may be more expensive to insure than a bike with lower horse power.

Other factors related to your motorcycle that can affect your premium include the motorcycle’s value, any safety features and the theft rate for your particular make and model of bike. Also, if your bike has an upgrades or customizations, insurance will typically only cover the base model unless you purchase extra coverage.