Being an owner of a motorcycle in the United States, you are required by law to have a motorcycle insurance coverage plan, no matter what. So besides it being mandatory, it can be quite convenient to have one too. However, trying to find the right motorcycle insurance for you might be a daunting task. With so many options and insurance companies out there, ending up overpaying a policy can be easier than you think.
On the other hand, making an informed decision before purchasing an insurance plan is easier, too. There are several specialized websites, reports, and even consumer reviews that can help us make the best choice. Some of the best tips to follow are thinking about the type of motorcycle insurance you need, comparing different companies, and taking some extra considerations to get a cheaper premium.
Just like with any other type of insurance, there are many different types of motorcycle insurance, so we need to think about which is the one we need. Liability insurance is definitely a must, as this covers property damage and bodily injury. However, some additional coverage options include collision coverage, comprehensive coverage, Personal Injury Protection, medical payment, accessory coverage, and even motorcycle roadside assistance.
Some other aspects you need to consider are your age, how often you use your bike, what you use it for, whether you carry passengers or not, and even the number of motorcycles you own. Thinking about such aspects will help you gain a better understanding of how each type of motorcycle insurance will cover your needs.
Getting different quotes from as many different companies as possible will give you a wider idea of the options that are available. Looking for cheap options shouldn’t be your only priority, though. Ask questions about the limitations and exclusions of each carrier. Even when you think all companies offer the same at different prices, the extent of coverage can vary significantly.
Choosing the best company for you tends to be underestimated. With this in mind, remember to look a bit deeper into the company’s history. Try to see how reliable they are, how well do they handle and solve claims. You can obtain valuable information from reading consumer reviews on specialized websites and even social media pages of the company. After all, you will eventually have to deal with them, hopefully, later than sooner. So, you want to make sure they will be on your side for the rest of the term.
We must keep in mind that insurance companies tend to evaluate customers based on their risk level. Getting motorcycle insurance on a racing bike would be more expensive than insuring a scooter. Other factors that might determine your premium are your age and riding experience. If you are young and recently started riding your bike, you’re more likely to get a higher premium than an experienced biker.
Interestingly, your home and job address can also have an impact on the rate you pay for motorcycle insurance. If you live or work in an area with a high crime rate or accidents, your premium would also increase.
Keep in mind these tips before you purchase motorcycle insurance. This way you’ll be on your way to getting the best policy for your needs. After that, go ahead and enjoy the ride.