Having a motorcycle comes with a lot of responsibility, including having the right motorcycle insurance. You need to have complete coverage for all of your motorcycle needs, which can become expensive. However, if you compare motorcycle insurance you can get all of your insurance needs satisfied with the lowest possible rates.
Since the cost of motorcycle insurance can differ from one insurance company to the next, it is important to shop around and compare motorcycle insurance rates. You also need to seriously consider all of your insurance options to make sure you have sufficient coverage.
Just like car insurance, there are different kinds of insurance you can buy for your motorcycle. There is liability, collision, comprehensive, uninsured motorist, underinsured motorist, and medical insurance to consider.
No matter what kind of motorcycle you have, you can get insurance for it. Whether you have a regular motorcycle or a cruiser, a custom bike, a sport bike, or a touring bike, you can compare motorcycle insurance and buy the best insurance policy for your ride.
Compare Motorcycle Insurance Types of Coverage
Since motorcycle crashes tend to be more dangerous for the rider than car accidents, it is a good idea to have insurance benefits that cover you as well as your motorcycle. Medical payments can be added on to your motorcycle insurance to cover you and any passenger you may have.
- Medical coverage can usually be used to pay for an ambulance, the hospital, any x-rays that are needed, and surgical procedures as well. Dental coverage may also be covered if your accident results in any oral trauma. If you are not sure if you need medical coverage, then compare motorcycle insurance medical benefits to your health insurance policy and find out the best way to get maximum protection. Since medical insurance also applies to your passenger, it may be a good idea to buy it because even if you have health insurance, your passenger may not. Not having insurance could leave you financially liable for the passenger’s medical and dental expenses.
- Personal Injury Protection (PIP) is another type of medical insurance that is available in no fault states. PIP is used to help pay for medical expenses, hospital expenses, child care expenses, and funeral expenses depending on the severity of the accident. The reason PIP is available in no fault states is because PIP is used to pay for the policy holder’s expenses since no particular person will be held responsible for the accident.
- Liability motorcycle insurance is mandatory for both bodily injury and property damage. In regards to liability insurance, the policy holder does not receive any benefits. Instead, payment is made to the victims of the accident if the policy holder is held to be at fault.
- If your motorcycle is only insured for liability and you have an accident, then you may not receive any compensation for damages caused to your bike. This is definitely the case if you are at fault for the accident or it the other party did not have enough insurance or any insurance to cover your losses. For this reason, it is a good idea to carry collision insurance as well as uninsured and underinsured motorist insurance. Motorcycles can become very seriously damaged in an accident and without insurance you may no longer have your bike.
- Comprehensive insurance may be purchased as a package with collision or it may be purchased separately. Either way, it is a good investment to cover your bike for non collision related incidents. If you have comprehensive insurance then you do not have to worry about your motorcycle getting damaged by events such as a flood or vandalism. It also covers you for theft.
Motorcycles are a little more sensitive to insure than cars because they are considered more fragile. Statistically, motorcycles are more dangerous to drive and accidents tend to cost more in medically related expenses and property damage. For that reason, it is best to buy complete motorcycle insurance so that you are well covered.
Although motorcycle insurance can be costly, there are ways to reduce your premiums without sacrificing full protection. Compare motorcycle insurance plans to find the best rates.
Compare Motorcycle Insurance Discounts
When you compare motorcycle insurance, don’t forget to take discounts into consideration. All insurance companies offer some type(s) of savings so that you can reduce the cost of your premiums.
One of the most common ways to save money on your insurance premium is with a multiple policy discount. If you have more than one motorcycle, one or more cars, and/or a home to insure, then you can save money by putting all of your policies with the same company. In most of these cases, the multiple policy discounts will be applied to each policy, extending your savings even further.
Some insurance companies will also offer discounts that are based on your age, on your driving record, and on your longevity with the same company. You may also be able to reduce your premiums by completing a motorcycle safety course. Motorcycle safety instructors may qualify for additional savings.
How to Compare Motorcycle Insurance Plans
It is easy to compare motorcycle insurance plans with today’s technology. Although you can request quotes by phone or in person, it is much faster to get quotes instantly online.
Calling insurance companies can be quite a time consuming task. You need to tell each company what insurance you want, get the rates for the different components, ask about differences in costs based on differences in deductibles, and inquire about any discounts that may be available. If you are lucky, you can get off the phone without going through a high pressure sales speech.
The same holds true if you try to visit several different insurance agents in person. You will have to sit down and meet someone face to face to review your needs and discuss your various options. This is not a quick process, even if someone comes to your home for the meeting.
Online, you have the luxury of requesting quotes from home, your office, or even an internet café. Without the pressure of time or high sales, you can play around with the quotes to see how much the motorcycle insurance will cost for the different types of benefits, coverage, and deductibles you are considering. Since discounts are also available from most insurance companies, consider how much your premium might be reduced for various credits as well.
Once you know how much your net premium will cost you will be able to choose an insurance company that can provide you with all of the benefits you need at an affordable price. Enter your zip code now to start comparing motorcycle insurance quotes online.