Acquiring Cheap Motorcycle Insurance in the USA
Insurance is a fixture in American life. The security afforded by insurance allows people to lead comfortable lives with less stress and worries. Statistics from the United States National Highway Traffic Safety Administration reveal that motorcycle accidents and fatalities have been steadily on the rise since 1988. While riding a motorcycle requires a different set of skills than driving a car, the rules of the road apply to all drivers. Education, respect for traffic laws and common sense must be augmented with a sound motorcycle insurance that is economical and comprehensive. These parameters have helped create a market segment for cheap motorcycle insurance in the USA.
The bare minimum requirements for insuring motorcycles in the United States are the same as that of automobile insurance. In a motorcycle insurance policy form, the liabilities are arranged with bodily injury liability maximum for one injured person at the top, followed by bodily injury liability maximum for all injuries in an accident, then the property damage liability maximum for one accident. These figures vary from state to state. Most U.S. states require motorists to acquire certain kinds of coverage but it may not be very wise to scrimp on insurance coverage as this would expose motorists to the risk of a costly lawsuit or a hefty repair bill in the event of an accident. The most logical option for drivers then, is to acquire cheap motorcycle insurance in the USA.
The motorcycle insurance sector in the U.S. has devised numerous plans and packages to provide the maximum amount of coverage at reasonable costs. Apart from the liability component of an insurance policy, motorists should consider other significant liability packages like the collision coverage. This insures the policy-holder against the cost of repairs after an accident. This is usually the most expensive portion of the policy and motorists sometimes opt to set a higher policy deductible to keep the premium rate down. They should remember, however that they will have to pay for the policy deductible first before the insurance applies the coverage of the policy. Another form of coverage is the comprehensive insurance that pays the damages sustained by a motorcycle during non-accident-related eventualities, including fire, theft, vandalism and natural disasters.
After these basic coverage, most insurers offer optional coverage, also called policy riders. These additional types of coverage can include medical payments, personal injury protection and no-fault coverage. Individuals with a sound health insurance plan, though, may no longer need medical payment or personal injury protection. Another optional coverage is for uninsured or underinsured motorists. This coverage pays for injuries sustained by the policy-holder should they get involved in an accident with an uninsured or underinsured motorist.
Obtaining cheap motorcycle insurance in the USA has been made easy for motorists. Whether you are purchasing insurance through an agent or directly from an insurance company, industry competition has ensured that insurance premiums are reasonably structured.
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Posted by American Car Insurance on August 26th, 2009 filed in motorcycle insurance | 9 Comments »
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August 26th, 2009 at 10:40 am
Depending on what kind of bike you have, you might want to keep insurance even when you are not riding. If you have a nicer bike, I would suggest full coverage. In the event that somebody steals your bike, you are totally covered. Motorcycle thefts happen a lot b/c its so easy to steal one. I had two bikes and both got stolen from my apt complex. Good thing I was covered with Progressive insurance. They covered the costs of the bikes, so I didn't lose any money
August 26th, 2009 at 11:08 am
sorry, but insurance rates are determined by a number of factors:
1) your age
2) experience
3) make and model of bike, including engine size
4) property crimes in your area
5) city, county that you live in
6) criminal activity in your area
7) credit history
For a 17 year old, on his own insurance plan for a bike like a 600cc .. look at about $1000 – $4000 a year.
August 26th, 2009 at 11:30 am
Motorcycle insurance is CHEAPER than cars. I pay around $125 for a year….FULL COVERAGE, etc. through Progressive for my H-D. Check around and compare.
August 27th, 2009 at 2:00 am
I rode for 12 years and always found Dairyland to provide great coverage at very low costs. Give them a look, it may be worth your while.
August 27th, 2009 at 4:54 pm
HOLY COW! We only pay about $150 a year here in Wisconsin. Since it's motorcycle season year 'round down there, that's probably why it's more expensive. I don't know if my company writes policies down there, but you could look them up on the web…Hastings Mutual Insurance Company in Michigan. Maybe Geico could help too, but I've never checked for motorcycles. They were higher on car insurance for us. Also, the kind of ride you have might make a difference too, such as a crotch rocket over a Gold Wing. Anyway, hope you find something. Ride to live, live to ride. <*)))><
August 27th, 2009 at 4:59 pm
I would get a fair amount of coverage, regardless of anything.. just because it's better to be safe than sorry.
And yes, hit and run has gone up quite a lot.
You can get free quotes at:
http://car-insurance.moneysavecenter.com/100.php?id=m3y227
August 27th, 2009 at 6:09 pm
I have AAA insurance, the truck, the mustang ,the R.V.and the3 bikes are all insured as a package.
August 29th, 2009 at 12:02 pm
I guess that would depend upon what company you go with. I know I have our race bikes insured and my oldest son who doesn't race as much anymore has a 2 year old crf250r. The insurance is less on his bike than his brothers new race bikes with all the added extras as we usually have to state how much the bikes would be worth for replacement cost.
August 29th, 2009 at 3:47 pm
Prices will vary a lot depending on what bike you get and what type of coverage you select.
Definitely get online quotes – I've posted links to a company that gives instant online quotes – but many of the traditional auto insurance companies also offer motorcycle coverage – give them a call.
In my case my motorcycle insurance was considerably cheaper than my auto insurance (I just have liability coverage on both my bike and my car).