Motorcycle Insurance Articles
Verifying Your Coverage Using New Motorcycle Insurance Quotes
2010-10-21
If you own a motorcycle then you already know how expensive your motorcycle insurance costs are. The real question is, are you paying too much? You can quickly and easily use the Internet to get motorcycle insurance quotes and double-check whether or not you are one of those who are paying too much for their motorcycle insurance, thus verifying your coverage at the same time.
Did you know the majority of people with a motorcycle insurance policy are not actually covered as well as they think they are? It is true most motorcyclists do not actually have all the insurance coverage that they need; most have less than half the recommended amounts.
Your motorcycle insurance cost should fit you as well as your bike. They should stay within your budget, but still offer the protection needed for your lifestyle. Since most motorcyclists do not have the coverage they think they do, they can be in big trouble should an accident occur.
If there is one segment of the population who must be especially careful of their choice in vehicle insurance, it is a motorcycle rider. The simple truth is a motorcycle is four times more likely to be in a crash then a car is. Most motorcycle insurance rates reflect those numbers, but still motorcyclists tend to not have enough insurance.
The coverage for state minimum motorcycle insurance quotes includes liability and PIP or personal injury protection, neither of which covers repairs to your bike or even your passenger in the case of a crash.
Liability insurance covers any bodily injury and property damage protection for the people in the other vehicle if you are at fault in an accident. This is needed though the state minimums are probably the low edge of enough.
Guest passenger liability is a needed and often overlooked liability insurance, and it is strongly suggested that you make sure you have it. Guest passenger liability covers your passenger in case of injury.
While personal injury protection is great, you may want to rethink your coverage amounts. A motorcycle rider is more likely to be badly injured in a crash then someone in a car--that means double if not more the medical costs. A quick check with a motorcycle insurance quotes website will get you good motorcycle insurance rates for this extra coverage.
Collision is usually extra and not a state minimum, but even a minor crash you walk away from can damage your bike. Collision coverage pays for towing and much-needed repairs.