Charleston motor vehicle accident lawyerAs Goose Creek motorcycle accident lawyers who ride, we know that riding a bike is not only a lot of fun, but it also makes good financial sense. The cost of ownership of a motorcycle is typically much less than that of a car, as you’ll see below.

Great gas mileage.

Motorcycles are capable of 60 mpg or more in town—and even more on the highway—while non-hybrid cars average 25-30 mpg in town at best. The gas tank on a motorcycle is just a few gallons, so you benefit twice: fewer fill-ups for much less each time, putting more money in your pocket.

Few mechanical issues and lower cost of maintenance.

The simplicity of the motorcycle engine means you have fewer things that can go wrong, and those who are mechanically inclined can easily learn to fix most issues. Cars have become so complicated, with so many sensors and computers, that you need to take them to a competent mechanic or the dealership, which is expensive. Parts for bikes are also relatively cheaper than car parts.

With a motorcycle, you have fewer tires and less oil to buy, and routine maintenance on a motorcycle engine is simple and inexpensive.

Lower cost for insurance and license plates.

Bikes are cheaper to replace than cars, and they do much less damage to other vehicles, so liability, comprehensive, and collision coverage for motorcycle insurance is less than for auto insurance. However, motorcycle accidents tend to cause more bodily injury than car accidents, so some companies may have higher rates for that coverage. In addition, you may be required to add passenger coverage if you regularly ride with someone. As always, shop around.

In many places, license plate cost is based partially on the weight or the value of the vehicle, making motorcycle plates cheaper.

Less expensive to buy than a car.

If you buy a used motorcycle, you can get away with paying much less for a good bike than you can for a good car. Even if you splurge and buy a new motorcycle, you’ll probably pay much less than you will for a new car. Sales and use tax will also be less for a motorcycle.

Fun, inexpensive entertainment.

Taking a ride on your bike, even if you travel a long distance, is less expensive than a dinner and movie or a sporting event. And you’ll have just as much fun, if not more.

What’s your favorite part of saving money by riding your motorcycle?

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