Tips for Comparing Motorcycle Insurance Plans

Motorcycle insurance vs. Car insurance

You will probably find that insuring a motorcycle is quite similar to insuring any other vehicle. Since I assume that many of my readers are familiar with auto insurance, I find it helpful to compare auto and motorcycle policies.

• If you live in the US, your state surely requires a minimum liability policy. This is to protect the finances of other vehicles on the road. In return, other vehicle operators must have insurance to protect you. This will be true whether you drive a sedan, sports car, RV, or motorcycle!
• You can also have more coverage to protect against the loss of your own vehicle. If you still owe money on your bike, your lender will likely require you to have full coverage.
• Your premiums can be affected by many of the same things that affect auto insurance premiums. Your age, driving history, and the type of motorcycle you ride will likely matter. The way you use your motorcycle can also matter. If you only ride it for a few hours on the weekend, you may be a low-mileage rider. If you commute to work every day on busy city highways, you may have to pay more.

By now, you should understand that we buy policies to manage our risks. Insurers are experts at discovering risks. So one of the most important things that will differ about insuring a bicycle will be the fact that vehicle insurance companies believe that motorcycles are riskier to operate than cars.

However, insurers are smart enough to realize that a safe bike in the hands of a good cyclist would likely pose a greater risk than a car rattling in the hands of a bad driver. So there are always things you can do to look for good coverage and also to promote yourself as a better risk.

Simple Tips for Comparing Motorcycle Policies and Companies

As with any other type of insurance, most things are regulated at the state level. Beyond that, policies and prices vary by local area. That’s why it’s helpful to compare plans in your local area. You can find some great websites that will show you the top local businesses in your area. You just have to provide a zip code.

After viewing the list, you can click on the individual companies to learn more about their prices and coverage options. If you have questions, you will get contact information for your options. You can call, email, or visit companies or agents for more detailed information. If you’re already familiar with motorcycle policies, you can find companies that allow you to shop online or over the phone. This gives you a good mix between using efficient internet systems and requesting personal service.

You’ll need to figure out how much you can afford to pay for your coverage, and then balance that against how much you could afford to lose. This will help you calculate the amounts and deductibles for your coverage.

There is no perfect motorcycle insurer for every driver. When you shop and compare, you can find the company that best meets your needs.