Tips to Getting the Right Motorcycle Insurance Policy
If you are new to riding a motorcycle you may be wondering how to insure your new bike. It's a similar process to getting car insurance. First you need to contact a representative at a motor cycle insurance company. Then you give them your personal information, make, model and year of bike, and they give you a quote.
If you like the quote they give you, pay for the motorcycle insurance and then ride away on your new bike.
There are a few differences between motorcycle insurance and car insurance however. These are things you need to know before you go and get a quote.
A Few Things to Know Before You Get Motorcycle Insurance
1. Motorcycle insurance is not always more expensive than car insurance. In most cases it is less, since the cost of the motorcycle is usually significantly less than the cost of a car.
2. Other factors will increase your motorcycle insurance cost however, like the type of coverage you buy and who you buy the policy through. These factors include your age, type of bike you are insuring, your driving record and whether or not you have passed a motorcycle safety course.
3. The type of coverage you buy has a lot to do with how much your policy will cost. Motorcycles are dangerous and costly to repair, so comprehensive and medical liability coverages will make up most of your total insurance policy costs.
4. Not all car insurance companies offer motorcycle insurance. It is considered a personal vehicle and not a main means of travel. In some states, a motorcycle falls under the category of recreational vehicles.
Where to Get Motorcycle Insurance
You may also be wondering who to go through for your motorcycle insurance. The best companies to go through include Geico and Progressive. For younger men aged 18 to 30, Progressive usually offers the best rates. Geico may be lower however, depending on a number of factors like your job, employment status, location and other variables. Check them both out to get the lowest rates.
Why Get Motorcycle Insurance?
Motorcycle insurance is a great thing to have for several reasons. The first is your own protection in case of an accident or crash. Motorcycles are very expensive to repair, so even minor crashes will result in the bike being completely totaled.
How Much Does it Cost?
It might surprise you to learn that motorcycle insurance is not that expensive. The rates are actually affordable for most people. However, for younger males aged 16 to 25, rates can be extremely high. This is due to a high probability of accident and injury. The only way to reduce this cost is by getting less coverage, which is not recommended because if you get into a crash you will need that coverage to pay for repairs and medical expenses.
Motorcycle insurance for older men and women aged 25 to 30, is affordable because the rate of accident and injury is significantly lower, though still very present. Rates for men and women over the age of 30 are significantly lower.
Location and type of motorcycle also influences your rates. Sport bikes carry higher premiums, however more expensive cruisers can actually cost more to insure in some cases due to the cost of parts and repairs and overall price on teh motorcycle.
Study your motorcycle insurance rates carefully before you decide which one to go with. Consider the advantages and disadvantages then decide on the types of coverage to add to your policy. Remember, better safe than sorry.
| < Prev | Next > |
|---|
