Motorcycle Insurance Articles
3 Tips For Keeping Your Coverage High With Motorcycle Insurance Comparisons
2011-08-03
As most riders know, motorcycle insurance comparison is an important step towards finding the right policy. Comparing a few quotes can keep a bike's policy at an affordable level, and what's more, riders can ensure that their policies have adequate motorcycle insurance coverage by shopping around a bit before buying. There are a few things to keep in mind when taking this approach to finding a motorcycle insurance policy.
Before comparing the price of quotes, the coverage limits and deductibles of each should be compared to ensure consistency. This is much easier when a rider knows how much insurance to buy. The best tactic when setting limits and deductibles is to consider how much a rider could realistically afford in an accident that required several types of payments. Medical coverage (PIP) limits should generally be set high, unless the rider has a good health insurance policy, and comprehensive and collision coverage limits should be set at the value of the bike. Deductibles should be set at a level where they can be paid with some savings, but not so high as to make the insurance policy worthless. When a rider has an idea of an amount of coverage to buy, motorcycle insurance comparison becomes much easier, as quotes simply need to be generated for the same amount of motorcycle insurance coverage before premiums are compared to one another.
Some riders will find their motorcycle insurance quotes to be rather high, regardless of how many quotes they consider. Motorcycles are risky vehicles, so some types of coverage will cost quite a bit as compared to car or truck insurance. Personal injury protection is a good example. Although it's essential coverage for most riders, medical bills from a motorcycle accident can be extremely high. Riders can cut down on the cost of insurance by notifying potential insurance companies of any factors that decrease the chances of a claim. For instance, if a bike is only driven on the weekends or if it's garaged in an especially safe location, mentioning this to an insurance company might result in a discount. Many insurers also offer discounts for riders who take motorcycle safety courses, riders with mortgages and other specific groups of policy holders. When comparing quotes, it's helpful to look into discount programs, as they vary by insurer and can provide immense relief from high premiums.
Motorcycle insurance comparison can take some time, but it's well worth it to find a policy with high amounts of motorcycle insurance coverage and a low rate. Riders should compare at least five or six quotes for the lowest possible premiums on any high-coverage policy.