Motorcycle Insurance GuideSep 16th, 2009 | By Hot News Reporter | Category: Insurance Today
Choosing the right insurance policy for your motorcycle is like the choice of the motorcycle. You want to fit your needs and lifestyle, and also not take much of your budget. In any state have a minimum amount required to your liability insurance coverage, but also there are additional types of insurance coverage that can provide you with additional coverage. It is best before to buy insurance policy, compare quotes and rates from different insurers, as well ask your insurance representative about which laws apply in your state. To get the right insurance policy, you have to explore all available options.
Liability insurance covers bodily injury and property damage to third parties involved in an accident. This type does not apply to you and your bike. Also you need to clarify whether your insurance will provide cover bodily injury to your passenger, it depends on your state and insurance company.
Collision coverage – this type of insurance covers damage caused to your motorcycle, if you have an accident. You get paid for damage, minus your franchise. You can save on insurance by increasing the franchise.
Comprehensive coverage – pays for damage caused by theft, fire or vandalism, as well as other collision which are not covered by other types of insurance.
Uninsured motorist coverage – this type of insurance pays for medical treatment, damage to the motorcycle, if you get in an accident caused by a driver who has no insurance.
Underinsured Motorist Coverage is similar to uninsured motorist coverage, but is used when the other side has a lower coverage than you do.
When choosing an insurance policy, many factors (your age, location, staff, driving experience, type of motorcycle, driver’s record and etc.) play a decisive role in determining the cost of insurance, which you need.
Learn some tips to help you better understand how you can save when buying motorcycle insurance:
Many insurance companies offer discounts from 10% to 20% for graduates of training courses, learn which courses you can take in your state. According to statistics, is that drivers under 25 have higher risks and therefore their premiums are usually higher, but after passing a course, they can lower the rate.
Also included discounts 10%-20% for members of the motorcycle association and experienced riders. The amount of discount depends on the company and state in which you are live.
One of the factors that affects the insurance rate is a type of motorcycle (sport bike, cruiser, chopper) and mileage a year. Obviously, a sports bike you ride less, but faster to pass long distances than the chopper.
It is important to devote time to choosing an agent or company that is suitable for you. To do this, you better search reviews on the Internet or ask relatives or friends where they bought insurance for their vehicles or motor bikes.