There are a lot of things to know about motorcycles now that you have one, or are considering buying one. For example, did you know that motorcycles are stolen and involved in vehicular accidents far more commonly then regular passenger vehicles? It is true, in spite of making up well under five percent of the vehicles on the road, motorcycles are involved in some way in over ten percent of automobile accidents. Also, in the United States a motorcycle is stolen from its owner approximately every 11 seconds!
This short article was created with the intent to assist you in better understanding what type of motorcycle insurance you should buy.
Deciding on what is the proper type of motorcycle insurance for you and your bike can be a big deal. Of course, considering how commonly motorcycles are stolen, you should highly consider full coverage. The hardest part really is deciding on what kind of insurance you want to purchase because the internet has made comparing prices so easy. With just a few clicks, you can have a broker searching for the best possible quotes, which will then allow you to compare them side by side.
Sometimes people decide that since they only ride their motorcycle in the summer, that they want to save money on motorcycle insurance by only purchasing liability insurance. While this is a valid option for some people we highly recommend that you fully consider the possible results of such a decision. Liability will cover your liability to another in the event of a crash, but it will not cover you or your bike, one slick spot on the road and you can say goodbye to your daily rides.
One factor that, of course, will influence the cost of your motorcycle insurance is the type of bike you own. Sport bikes, like Crotch Rockets demand higher premiums because of how fast they are and how commonly they are involved in accidents. Likewise, touring bikes are large, they’re often used for traveling long distances and of course, they’re expensive so in most cases, owners of these bikes will also be faced with higher insurance costs. Just make sure that you recognize that insurance providers always take into consideration that type of bike you ride before giving you a quote.
Other factors, such as how much experience you have riding motorcycles or where you will be parking the motorcycle at night, also will have an influence on the price of your insurance premiums. As you can see, there are a whole host of aspects to determining what you will need to pay for your motorcycle insurance.
This is why we recommend speaking to a licensed insurance agent either on the phone, or by email. Let them know what you are looking for in motorcycle insurance and then let them give you their advice. Sometimes you will find one companies quote much cheaper than another company.
In closing, congratulations on buying your bike (or considering it if you have not yet purchased a motorcycle). We are sure that you will have hours of enjoyment in the seat. Ride safely and remember, always carry enough motorcycle insurance.