Most motorcycle enthusiasts are safe on the roads, however when an accident occurs involving a motorcycle it is typically a severe one. Both the bike and the rider can take a serious beating. This makes it essential to make certain that your motorcycle insurance policy has enough coverage. Depending on the bike and the age of the rider, it can be expensive but you should always factor this additional cost in when you purchase a motorcycle.
It is a good idea before buying a new motorcycle to have your agent run some quotes before making your final decision, which is particularly important for young riders. A policy for a new rider might be more expensive than expected and the temptation will likely be to opt for the minimum required liability limits. This can be a big mistake when you consider the high cost of a liability claim. The type and brand of motorcycle can make a big difference in the premium so if cost is a concern definitely do a little research first. Many bikes can be quite affordably insured.
Ask About Discounts!
Several discounts are available for motorcycle insurance policies. The length of time that you have been riding a motorcycle, your participation in riding safety courses, previous insurance status and level of current coverage are all factors that can make a difference. Combining a motorcycle policy with the same company as your home or auto might even qualify you for a multi-policy discount.
A motorcycle insurance policy is not one where you want to skimp on medical payments or uninsured/underinsured motorist coverage due to the likelihood of injury if you are involved in an accident. Unless your bike is both old and you owned free and clear then you will need comprehensive and collision coverage to protect the bike itself. Carrying a higher deductible can keep costs down but make sure it is something you will be able to come up with if you do need to make a claim.
Take time and thoroughly consider your options with a professional agent when purchasing and insuring a motorcycle. Hopefully, you will never need your insurance but if you do, you will be glad you took the time.