Motorcycle Insurance Articles
Major Differences Between Car Insurance And Motorcycle Insurance Coverage
2010-07-08
When purchasing a new car, you often take into consideration the make, model and year and ask pertinent questions. Is this car going to cost you nearly as much each month in insurance as it does for the monthly car payment? The same thing should cross your mind when deciding to purchase a motorcycle. However, motorcycle insurance quotes are a bit more complicated as insurance coverage for bikes differ greatly from that of automobiles.
The process of obtaining motorcycle insurance coverage is quite different than your typical car insurance coverage plans. Although there are some similarities, such as monthly premiums and liability, there are some stark differences that cannot and should not be overlooked. Anyone choosing to commute via motorcycle should carefully look into a variety of insurance quotes to ensure they are getting the best value for their money. Shopping for motorcycle insurance coverage can be relatively stressful; however, by knowing the difference between car insurance and motorcycle insurance you can save a lot of time and frustration.
One of the key differences between these types of insurance revolves around passenger coverage. Car insurance always includes passengers; however, motorcycle coverage often requires you to purchase an additional policy to cover those riding with you. Along the same lines, most motorcycle insurance quotes and plans require you to purchase insurance for personal injury separate from your liability coverage. Be aware of the fact that insuring yourself against potential harm can cost you a large amount of money due to the heightened chance for bodily harm if an accident occurs.
As a result of the increased risk to motorcycle drivers, some insurance companies fail to provide plans for motorcycles. On the other hand, some companies will offer the bare minimum and cover liability but not personal injury. Therefore, it is absolutely essential that you find a company that can adequately meet your coverage needs before getting on the open road on your motorcycle. It is also important to understand that many lenders require comprehensive coverage, even for motorcycles, to ensure its safety in case of theft or other unforeseen circumstances. Make sure you examine these options with potential insurance companies when making your coverage decisions.
Despite the lack of coverage in basic motorcycle insurance plans, there is good news associated with the comparison of auto insurance to that of motorcycles. Typically, purchasing motorcycle insurance is a lot cheaper than purchasing car insurance as motorcycles are less expensive and tend to do far less damage to a car if a collision or other accident occurs.
When examining motorcycle insurance quotes, look for everything from personal injury coverage to passenger coverage when comparing and contrasting your options.