VOOM Insurance Study: 49% of US motorcyclists ride less than 1,000 miles

PALO ALTO, Calif. - Feb. 2, 2022 - PRLog -- VOOM, the leading InsurTech company for special mobility segments, offering the world's first Per-Mile insurance for motorcycles, released a report on the state of motorcycle usage in the U.S.

The survey found that only 6% of U.S based motorcycle owners ride on a daily basis and half of the riders ride less than 1,000 miles a year.

The survey's goal, covering more than 400 respondents, was to get a clear picture of how U.S motorcycle owners use their motorcycles, and how much they spend on motorcycle insurance.

"We were interested in getting a true reflection of the way motorcyclists own and ride motorcycles in the U.S.," CEO and co-founder of VOOM, Tomer Kashi says. "The report provides us with some excellent information on the American biker and their riding habits."

Some additional highlights from the VOOM motorcycle usage survey include:

• 49% of the respondents ride their motorcycle less than 1,000 miles a year, and 70% of the riders ride less than 2,000 miles per year.
• 27% ride a few times a week, and 17% less than once a month.
• 49% prefer to leave their motorcycle at home due to inclement weather
• 24% stated that motorcycles are not their main mode of transportation.
• 26% pay for motorcycle insurance more than $700 a month.
• 33% of respondents own more than one motorcycle.

American drivers make an average of 2.5 car trips per day, according to AAA's driving survey of 2019-2020 (https://aaafoundation.org/new-american-driving-survey-upd...), a strong contrast to the frequency with which motorcyclists ride. "The extreme usage gap between car drivers and motorcycle riders shows why insurance plans that might work for cars, don't necessarily work for motorcycles." said Tomer Kashi. "A rider shouldn't pay for yearly insurance coverage, while the bike is stored in the garage a big piece of the year."

The survey was distributed online and reached more than 400 motorcycle owners.
The data was weighted to ensure a fair representation of age and gender.

About VOOM
VOOM is an innovative insurtech company, creating next-gen insurance products for Mobility. Its dynamically-priced, usage-based insurance products are designed for high-risk, episodic-use mobility verticals, including drones, e-scooters, motorcycles, and light planes.

VOOM has offices in Tel Aviv, Israel and in Palo Alto, CA, VOOM is a licensed insurance broker in all 50 US states. Visit VOOM's website at www.voominsurance.com.
The Pay Per mile motorcycle Insurance is currently available in Arizona, Ohio, Indiana and Illinois, The company is expecting to expand the service soon to additional US states.