Motorcycle Insurance Articles
A Guide To Shopping For Motorcycle Insurance Online
2010-05-21
Buying motorcycle insurance is rarely something you see advertised on TV. Since the majority of motorists in this country drive automobiles, it is not something that there is a wealth of knowledge about.
But buying motorcycle insurance is not unlike buying insurance for any other vehicle. By following this guide you will make insuring your motorcycle a stress free task.
The first thing you need to know is what kind of coverage you are looking for. The kind of coverage you get has a lot to do with the kind of bike you have. If it's a classic motorcycle, than you may want collision and comprehensive coverage (which pays to repair your motorcycle). However, if it's a starter bike or something that has significantly lost its value than it might be best to purchase liability insurance (which only covers the vehicle you hit).
Next, you would need to determine your deductible. Most plans usually vary from $250 to $1,000. Choosing an amount comes down to how much you can personally afford to put toward the costs of any repairs done to your motorcycle. Note that the higher your deductible the lower your monthly payments would be.
Then you need to consider how much in medical costs do you want to have insured. If you already have personal comprehensive medical insurance, then you might want to pass on big medical coverage for yourself. However, it is always recommended that you insure the other driver substantially as there is no way of knowing if they have any kind of coverage.
Last, you need to know where to go to purchase insurance. Luckily, most insurance companies insure motorcyclists. So, if you already have a car insured to a company you can simply ask them about adding on your motorcycle. In most cases, having multiple vehicles on the policy will give you a break on the cost.
If you have only a motorcycle then the best place to search is the web. You can receive an online insurance quote in minutes and often times see other competitor's prices as well.
Note that many factors go into how much insuring your motorcycle will cost you. Age, miles traveled to work, and number of years as a licensed driver all factor in.
Perhaps the most important factor in the online insurance quote you might receive is your driving record. Having an exemplary driving record will not only do wonders for your rates now, but in the future as well. That is why no matter what kind of motorcycle is being insured personal safety is a must. It will not only save you money, but it will save your life as well.