Why Do We Need Motorcycle Insurance
Motorcycle insurance is no different to getting insurance for your car or boat , a minimum amount of coverage is required and you can customize your policy to suit your needs.
Motorcycle insurance is defined as the insurance of motorcycles and liabilities arising out of the use thereof.
Motorcycle insurance is a way of sharing the risks of driving between you and your insurance company. Motorcycle insurance is one of these things you need to worry about… You need insurance to ride a bike.
Insurance is not only a sound judgment, but also required by law. Motorcycle insurance is one of those annual bills that there really is no escaping.
The insurance coverage helps pay for financial losses or obligations resulting from the use or ownership of your motorcycle.
Motorcycle insurance is specifically designed to give customers the coverage they need giving them peace of mind out on the open road. The purpose of motorcycle insurance is to protect you from financial loss if you have an mishap while driving your motorcycle.
Your motorcycle insurance is really a contract between you the policyholder and the motorcycle insurance company. The best way to make sure you’re getting the cheapest possible motorcycle insurance is to do your homework. Of course, not all policies are the same and the key thing to remember before buying any type of motorcycle insurance is to always get several quotes, compare the cover, then choose the policy that best suits you and the particular motorcycle you want to insure.
The first step in purchasing motorcycle insurance is to contact your agent or broker with whom you currently have auto or home insurance. In any case it is worth getting a quote as it is also perfectly possible that you will be pleasantly surprised at how affordable the motorcycle insurance is. If you have a clean licence and are older, then the cost of the motorcycle insurance is likely to be lower.
Cheap motorcycle insurance is possible and with the increasing number of insurance agencies mushrooming all over the country, the cost has steadily declined thanks to the increase in competition; insurance agencies are constantly vying with one another to offer the best and cheapest motorcycle insurance rates.
Insurance is a must for all motorcycles. Insurance rates vary, taking into account several factors such as the model of the bike and the owner s age, address, training, bike security, and driving history, besides others.
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Posted by American Car Insurance on August 2nd, 2009 filed in motorcycle insurance | 9 Comments »
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9 Responses to “Why Do We Need Motorcycle Insurance”
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August 2nd, 2009 at 9:43 am
carinsurance.yoll.net – try this one. I have their car insurance and, as I know, they can provide such a service.
August 2nd, 2009 at 11:28 am
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 3rd, 2009 at 2:43 pm
Unfortunately, Geico did not really tell you the complete background on their insurance rates which are primarily geared to how old is the motorcyclist and the number of years that the motorcyclist has been driving without any significant accidents or insurance claims. If you are at least 26 years of age and have been licensed to to drive a motorcycle since 18 years of age, your initial insurance coverage will be substantially quite lower than someone under 26 years of age who is just starting out driving a motorcycle. For example, I currently drive a sports bike, a BMW R850R and a early model Honda Elite 150CC scooter and the total coverage for both bikes for only public liability is $165.00 per year. And the insurer is not Geico but McGraw Insurance Services (800-303-5000).
I can only conclude that motorcycle insurance is still truly a bargain priced item which becomes more affordable once a motorcyclist becomes of age, that is, over 26 years of age.
Good luck!
August 4th, 2009 at 4:23 am
Regardless your license status, you will need insurance on the bike, if it is being used on the road. Some insurance carriers will become more restrictive depending on your license status. But, in reality any motor vehicle (including a motorcycle) must be properly registered and insured to be driven.
August 4th, 2009 at 12:03 pm
Single guys tend to be out more often and later. They are a bit more of a daredevil when it comes to driving. This is all statistically speaking. Married men are more stable when it comes to insurance statistics.
August 4th, 2009 at 9:35 pm
hell u could buy a cage with no lic or insurance…but if u plan on drivin it off the lot, u would need it. is no different for bikes. if the dealer in question is like the hd dealer here, u wont even get the keys to ride it off the lot if u dont show proof of insurance. ohio is a real bitc-h about insurance.
August 5th, 2009 at 7:24 am
I don't know why? but they are! weird huh. My buddy is 36 and has been riding for a bunch of years and got his for like $110 a year! THAT'S CRAZY! He keeps telling me to switch I'm sure I will soon.
I assume because they are such a big Company that it makes it easier to give better quotes. kinda like, why sell a few policy's a day for $300 when they can 20 policy's for half that and still make big bucks! I don't know just my thought on it anyways.
August 5th, 2009 at 9:22 am
You need to have insurance before you take possession of a motor vehicle, let alone drive it on any kind of permit or license.
This is because bad stuff can happen at any time.
Most bad stuff happens in an accident, but it can get stolen, damaged, cause damage. If you own it, you are responsible, unless you got insurance first.
If police stop you for any random reason, they will probably need to see your
* license is correct for type of vehicle you driving (you do know that a different license needed for motorcyce, than for car?)
* ownership … you have right to be driving this vehicle
* licence plates properly registered to ownership
* wearing suitable safety gear like helmet
* proof of insurance
If any of this evidence is missing, the presumption is that you are driving illegally.
August 5th, 2009 at 6:33 pm
Some questions you will be asked:
Any accidents last 3 years?
Any tickets last 3 years?
Licensed how long?
Yes, you need one first.