Manitoba Public Insurance recently released a Motorcycle Risk Study. Here are some of their findings:
* If motorcyclists were to pay their fair share of claims costs, insurance premiums would increase by 37 per cent.
* Motorcycle claims tend to involve more severe injuries with higher costs. The numbers suggest new styles of bikes may compound the risk, and that more motorcyclists – particularly younger riders – may be taking more chances on the road.
* The cost of the average motorcycle claim ($14,000) is nearly six times higher than the cost of the average passenger vehicle claim ($2,500).
* Motorcycles are more than twice as likely to be in single-vehicle crashes than passenger vehicles (a three-year average of 50.2 per cent compared with 20 per cent).
* Sport bikes are the riskiest category of motorcycle, with a claims frequency four times higher than other bike styles. Sport bikes make up 16 per cent of the motorcycle class yet account for 47 per cent of the claims. Sport bikes are also the most likely style of motorcycle to be in crashes under bad weather conditions, such as rain.
* Since 1999, 53.4 per cent of all motorcycle accidents involved injuries, while injuries resulted from only 12.3 per cent of passenger vehicle accidents.
Each section of the study can be downloaded in PDF format here: