Boomers with Motorcycles on the Rise - They're Wealthier Yes, but Healthy and Wise?
NORTHBROOK, Ill.--Each spring brings with it all the annual rites of passage – cleaning out the closets, sprucing up the landscaping, and for a growing number of Americans, taking the Harley out for a ride. According to data from the Insurance Information Institute, 2005 sales of all types of two-wheeled motorbikes reached more than 1.1 million, a high-water mark not seen in almost thirty years.
Fueling the trend are Baby Boomers, along with a more disturbing one - motorcycle fatalities for riders age 40 and older. According to 2005 National Highway Traffic Safety Administration (NHTSA) data, riders age 40 and older accounted for almost half of all motorcycle deaths. The age-group death rate has roughly doubled in ten years, accounting for only 25 percent of total deaths in 1995. Fatalities for younger riders during this same period steadily declined.
Safety is important for all motorcycle riders, but experts suggest extra precautions for older riders due to the need for above-average balance, coordination and reflex that motorcycles demand and the subtle erosion of these skills that many boomers experience. The NHTSA recommends the following precautions:
Motorcycle owners should check with their local Allstate agent about the numerous discounts available for motorcycle insurance. Savings of up to 40% off the standard premium are possible if any or all of the scenarios below apply:
The Allstate Corporation is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,800 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate®. Encompass® and Deerbrook® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.