Motorcycle Insurance Made Easy – The Inside Story
You probably know by this point that it’s entirely illegal for you to drive any vehicle without insurance. Though you’re probably not quite sure why this law exists in the first place, but we’re going to put it in the clearest and most precise way possible what you need to do to stay legal and get the best insurance policy to protect both you and your motorcycle – and any passenger you might be carrying.
When an accident occurs between two vehicles, there is a person deemed to be the victim and there is the individual determined to be at fault. Because one of these two parties must be at fault by law, it’s the responsibility of the one at fault to pay for damages. Without an insurance policy, the damages will have to be paid “out of pocket,” or they will otherwise go unpaid. This is a serious problem .
In an accident involving a motorcycle, however, bear in mind the fact that you’re using a motorcycle and as a result you might actually suffer more damage with it than you would in a standard vehicle. Due to its overall lack of protection, you may find that your motorcycle is destroyed and you may easily land in a hospital. For this reason it’s important to have the best insurance on hand at all times, regardless of the price.
In addition to taking care of your injuries, you’ll want to make sure that the insurance package you ultimately choose can replace your motorcycle or at least repair the damages. The larger your package of coverage is, the more chance you have of a replacement in the event you total your bike.
There are quite a few different insurance packages for you to consider, one of which, liability pays for damages you might cause, the other, comprehensive covers your losses as well.
The difference is actually quite important. With comprehensive insurance you ‘ll have protection from single-car accidents and vandalism. If your motorcycle insurance only covers liability, you ‘ll need to look to the insurance of the opposing driver to take care of the damages.
It seems complicated, but finding the right motorcycle insurance policy will help you greatly and it will serve to keep your motorcycle on the road.
Be patient. Don’t rush through buying an insurance policy and end up with something you just don’t want or need. The effectiveness of your insurance policy will be up to you and is determined by the selections you make. Review your options carefully. It won’t be long before you’re insured and the whole process will be over.
The type of motorcycle you ride is one of the most important factors the insurance company will consider when quoting you a rate, and buying motorcycle insurance is no different than getting insurance for your car or boat. Insurance companies don’t necessarily care about whether or not they think you’ll end up getting in a wreck, but they do want to know how much it’s going to cost them in the event that you do. The cost to repair or replace your motorcycle makes a big difference when it comes to the premium you pay.
A Quick Recap
There are several. In addition to the mandatory property damage and bodily injury liability, you can consider:
- Medical Payments
- Roadside Assistance
- Uninsured or Underinsured Motorist
- Specialty Coverages
Bad things can happen to you and your bike, and your insurance needs can get complicated. We’re here to help…