Buy The Best Motorcycle Insurance For You

Joseph Meyer
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Picking the right insurance package is essential for owning your bike. Before buying any motorcycle insurance, it is important to look at some of the options available to you. When it comes to your bike, the best motorcycle insurance in the world doesn’t do anything if you can’t pay for it.

The Best Motorcycle Insurance: It’s a Packaged Deal

The best motorcycle insurance for you is the same as the best car or home insurance for you, that is if you’ve done your homework first. An accident can happen anytime, so you should already know what you might have to do.

If you get a rider’s insurance, you can get a free motorcycle. If you’re planning to buy a bike, you can get a rider’s insurance before you purchase your motorcycle. A rider’s insurance will cover your motorcycle from theft, damage and vandalism.

You can choose to buy a bike leasing scheme in order to get the best insurance deal.

A rider’s insurance will give you a good rate for your insurance. You also get discounts.

If you’re planning to get a new motorcycle, you should get your coverage as soon as possible because once you’ve parked your bike, the chances of having it stolen are high.

Does Motorcycle Insurance Cost More than Auto Coverage?

If you’re new to riding or just getting back into it after a few years away, motorcycle insurance in the United States may seem like something of a mystery. That’s maybe because it’s a bit more complicated than just adding your bike to your auto insurance policy.

While some states will require you to have motorcycle insurance just in case your bike is ever stolen, most states let you ride without additional coverage as long as you have some kind of insurance on your bike … otherwise you’re going to be riding without any insurance at all.

So which kind of insurance coverage are you going to need? How much will you pay? And, most importantly, how can you find the best coverage at a great rate?

There is no one-size-fits-all policy when it comes to motorcycle insurance coverage. It’s important you know what kind of coverage you’re paying for and that you have a policy that fits your needs. There are also insurance coverage variations for new or used bikes; street bikes and dirt bikes are different. So, you’re going to want to know some basic facts about the coverage.

In this post, we’re going to take a look at some basic motorcycle insurance questions and provide some answers.

How Can I Find Cheaper Motorcycle Insurance Premiums?

When people buy a motorcycle, they often put a little bit of thought into buying insurance. After all, with the motorcycle costing them several thousand dollars, they want to protect their investment.

Unfortunately, they sometimes don’t put enough thought into it.

As a result of this lack of planning, they often put themselves at risk for liability claims, high insurance premiums, speeding tickets … and sometimes even worse.

I’ve been riding motorcycles for about two decades, and in the same time span, I’ve talked to an innumerable number of people who (at the time) had their motorcycle insured. Luckily for them, nothing bad ever happened. And in many instances, this was because the insurance they bought was high quality.

But you know which ones didn’t get lucky … those who’d failed to get the best motorcycle insurance available.

The tips below will help you make a wise decision about your motorcycle insurance. And you’ll also learn how to get the best motorcycle insurance for a low price.

Determine Your Actual Needs

You should never allow yourself to be talked into buying a motorcycle policy that doesn’t fit your personal preferences and needs. When you walk into the insurance office, they’ll talk to you about the policy that they need you to take. They’ll gloss over all the difficult terms and conditions, but don’t let them confuse you.

You have to be sure of what you want and what you’re willing to agree to before they can write the motorcycle policy you need. Before you sign on the dotted line, you must address all of your concerns and have in writing that your needs have been met to your satisfaction.

Remember, there’s no such thing as one policy that will work for everyone. If you don’t take the time to fully understand what the providers are selling you, you’ll end up getting stuck with a policy that doesn’t fit your real needs, and you’ll miss the opportunity to save money on your insurance premiums.

Compare Top 10 Car Insurance

Motorcycle insurance is designed specifically to protect you from two highly expensive risks: bodily injury and material damage. If you involved in any kind of accident on a motorcycle and your fault, your motorcycle insurance company will pay for your damages and injuries.

In general you are not required to have motorcycle insurance. Full coverage motorcycle insurance (comprehensive and collision) will cover almost all expenses associated with an accident. All you need to have is liability insurance.

Even that isn’t necessary in some states. The good news is full coverage is cheap. There is no reason not to include it in your motorcycle insurance if you can afford it.

Drive More Safely

Are you thinking about purchasing a motorcycle, or do you already have one? What type of coverage do you need? And how much do you need to budget for this coverage? If you’ve asked yourself any of these questions, then the answers all hinge on the type, make, and model of your bike.

Your bike will likely be one of the biggest-ticket items you’ll ever buy and also one of the most expensive to insure. It’s really important to understand the coverage that’s out there and to make informed decisions about what’s right for you.

Unfortunately, there is no one-size-fits all motorcycle insurance plan. Your needs will vary depending on the type of bike you ride, your age and driving record and other factors. Many aspects of your motorcycle insurance will be determined by your state’s insurance requirements.

As a novice rider or someone who’s never purchased motorcycle insurance before, getting a handle on all of this information can be intimidating.

That’s why I’ve put together the following motorcycle insurance guide.

Buy a Smaller Bike

If you start your riding career on a big bike, you’re probably going to end up crashing a big bike. Big bikes are a lot more difficult to control, handle, and stop than smaller bikes, especially initially.

So before you purchase your motorcycle, you need to make a decision – when you should buy a small bike and when to buy a big bike.

As tempting as it may be to ride a big bike, I recommend starting your riding career on a small bike, like a Yamaha YZF-R15 v3.0. A small bike is not just easier to handle and control, but also a lot less expensive to maintain.

Look for Discounts

The smartest thing to do when looking for motorcycle insurance is to shop around. See what is available, what is offered, and what is affordable.

Some insurance companies might charge more than others, and some insurance companies might offer more than others. It all depends on what you need.

When you start to shop, you can look for the following discounts:

  • Accident-free discount
  • Online discount
  • Good student discount
  • Non-smoker discount
  • Multiple-vehicle discount
  • Discounts for women
  • Discounts for Motorcycle Only

Who’s Riding Your Bike?

This may not just be a question about who’s riding your bike, but who is allowed to ride your bike.

It’s a simple question that’s often overlooked when riding a motorcycle. A motorcycle is an expensive possession. However, it’s not difficult to inexpensively add another rider to your bike and ensure that they have the proper training and insurance.

If you’re going to let other people ride your bike, you should take steps to do it safely. Even if your bike won’t go over 45 mph, you should provide the same safety precautions as if your bike was capable of highway speeds. Saddle up and learn to be a back rider before you venture out on the road with your friends.

Consider Your Deductible

When you are shopping for a parking lot, don’t just consider the interest you will earn, also consider the policy deductible. The deductible is what you have to pay out of pocket before the insurance company starts to pay its share of the claim. The higher the deductible, the lower your monthly premium will be, which is great if you don’t plan on filing many claims. Just be sure you can afford the deductible amount should you need to file a claim.

Even if you’re an experienced driver, accidents happen. You may hit a patch of black ice, be in a car accident or get rear-ended by another car. And if you’ve never had a claim on your insurance before, chances are your deductible will be higher. If you make a claim on your policy with a high deductible, your monthly payments could skyrocket.

So if you’re looking to save money on your auto insurance, consider a low deductible. You could pay a bit extra for the deductible every month, but happily pay it off if you ever need to make a claim.

Your Credit History

Your credit history plays a significant role in the quotes for motorcycle insurance that you receive. Having a good credit score usually means a lower motorcycle insurance premium.

If you have a bad credit score, you will most likely be charged a higher premium because you are seen as a higher risk.

The best way to keep a good credit score is to always make payments and don’t let them go past due. Any late payments can negatively affect your credit score…and it is costly! Most companies now not only report on-time payments to the credit agencies, they also report missed payments. A missed payment history is much more serious than just late payments. So you have to be very careful to always make your payments on time!

If you are having trouble making monthly payments, there are several alternatives that you should consider. You can contact your credit card company to see if they will change your payment amount schedule, or you can consider applying for a lower interest credit card, or you can talk to your bank about taking out a loan. But unless these options work out for you, you need to make your payments on time no matter what!

Another important factor that will help you to pay less for motorcycle insurance is the type of motorcycle you own. If you own a sport bike you can expect to pay more for insurance than if you own a cruiser style motorcycle.

Shop Around

Getting motorcycle insurance is not as easy as getting car insurance, but it will be extremely well worth the hassle. You may spend more time going over these policies than anything else, so you want to ensure that you get the best one. The last thing you want to do is settle for something that isn’t as great as what you could have gotten, so take your time.

There are many different customers for motorcycle insurance. Each of these customers has certain needs, so the policies you choose will be different depending on the needs you have. Each state has different laws, so the policies from one state will not necessarily apply to another state.

Although you will have to do a bit more research to get the best motorcycle insurance for you, it is worth it in the end. You will be confident knowing that you have the right amount of coverage and the right quality of insurance. This will keep you happy (and stress free) knowing that you are protected in the event of an accident or theft.

Look for Lay-up Coverage

In the event that a motorcycle is stolen, or in the event that a motorcycle is wrecked and can no longer safely be ridden, a motorcycle owner still wants the option to be able to have insurance money to help pay off the costs of the vehicle.

This coverage is called layup coverage, and is sometimes known as loss of use coverage. This is over and above the actual cost of the motorcycle.

Ask your insurance agent if such a policy is available for your motorcycle and for the amount covered by this policy. For some, this coverage is an added expense, as they do not expect to ever need it. Many times, as part of your policy, the insurance company will cover it for a small additional fee.

How Much Motorcycle Coverage Do I Need?

As a motorcycle rider, you only have yourself to blame for any injuries or damages that occur if you are in a motorcycle accident. You are personally responsible for any injuries you suffer and other damages you cause. You will also need to pay for your own medical bills. Car owners with collision coverage pay their own claims.

For that reason, it is essential to purchase motorcycle insurance. The unfortunate truth is that every year more than 5,000 motorcyclists are injured in accidents. Thirty percent of these injuries result in disability. Such injuries can be very costly, with medical bills factoring into millions of dollars for each year. Motorcycle insurance can help pay for that medical treatment.

If you are thinking of buying a motorcycle, you should also be thinking about motorcycle insurance. The cost of motorcycle insurance could be high. The higher the risks you are taking, the higher the expected costs are, and the higher your premium will be. When you are ready to buy a motorcycle, you will also need to know about the costs of motorcycle insurance.

You may not be able to afford necessary coverage every time you need to insure a motorcycle. To decide what kind of coverage you need to get, you will have to think about several factors, including your budget, how much you can afford to pay on a monthly basis, the value of the bike it´s being insured for and where you will be keeping the bike.

Finding Just the Right Level of Coverage

As we all know, motorcycles cost a lot less to buy than cars and trucks. So it’s no surprise that motorcycle insurance can also be a lot less costly. But which insurance level is best for you?

The following three types of motorcycle insurance are typical:

Liability insurance

Liability insurance is the only type of motorcycle insurance you have to purchase. You can still ride without it, but you can only do so at your own discretion.

Bodily injury liability insurance covers the cost of medical bills and other expenses that come up if you're involved in an accident in which you injure someone else.

Property liability insurance covers the cost of replacing another driver's vehicle or paying any property damage you may cause to another person's property.

In addition to the insurance above, you may consider purchasing one or both of the following policies:

Medical payments coverage

Medical payments coverage is also known as first-party coverage because it covers your personal medical expenses if you're injured in a motorcycle crash.

Satisfied with your own current level of medical coverage? Medical payments coverage could be a worthwhile investment as long as you're not expecting to collect on it often.

Additional Medical Coverage

Additional medical coverage extends the coverage of medical insurance to any additional insured drivers, such as family members.

Top 8 Best Motorcycle Insurance Companies

Motorcycles aren’t always the most practical choice of vehicle. However, many people have a deep appreciation for them. Motorcycles are a blast to own, but their convenience is offset by the costs associated with owning one. Steep repair bills, insurance premiums, registration, and gas prices all drive up the tab and make riding a bike a pricey proposition.

Buying a motorcycle for your personal use can be a great investment, but you need to think about the safety of you and other drivers on the road. If you do not have the right amount of coverage, then you could be putting yourself and your loved ones at risk.

Carrying the right amount of insurance coverage is another important safety consideration. The State Department of Motor Vehicles and the insurance companies all determine what an adequate amount of coverage is. You want to make sure to get enough coverage, but not too much. Too much coverage is wasteful, but too little coverage can put you at risk.

Progressive

Progressive is a big insurance carrier. They have a A rating with both A.M. Best and Standard and Poor’s rating companies. One of the most interesting things about the company is that they are the only insurer in North America that sells its insurance policies exclusively through independent agents.

Here are some of the bigger things to research when you look for the best insurance policies.

{1}. See what kind of discounts Progressive offers for riders who do extra training. If you take a 1-day training course, you could qualify for a 10 percent discount off of your insurance.
{2}. Call Progressive and get a quote. They have a number of different tools on their website for getting a quote. One of the best things to do here is if you’re a motorcyclist, ask a friend if they have a Progressive policy. Drive the same bike and get a quote, then ask the same question five minutes later. Often times, you will get a different quote because the person you are talking to doesn’t realize that you’re talking about the same exact thing. While this isn’t deceitful, it does help to shop around when you’re getting your insurance quotes.

GEICO

Motorcycle Insurance: A Large Selection of Plans

Motorcycle statistics are hard to come by because the federal government doesn’t track them. This is because most states are free to determine their own laws and policies.

However, through the National Highway Traffic Safety Administration, we can get a fairly accurate picture of motorcycle fatalities and injuries in the US. And these statistics seem to mirror the way that motorcycle sales have trended. Since 1993, motorcycle fatalities have dropped significantly while motorcycle sales have increased. (National Center for Statistics and Analysis)

That’s good news. But like most motorcycle accidents, the severity of the injuries caused by these incidents is much greater than a car crash. That’s just one more reason to consider purchasing specialized disability insurance for yourself and additional riders.

We get it and know that choosing to purchase additional motorcycle insurance can be frustrating when you’re already spending a lot for your bike. But bear in mind that motorcycle insurance is a worthwhile investment.

Before you head to the insurance agency, it helps to have some background information. If you’re purchasing your first bike, you’re not alone. It’s a big leap to make, so we’ve got some information to help you along.

Dairyland Auto & Cycle Insurance

In Michigan, Dairyland Auto & Cycle Insurance has serviced insurance carriers, and as a result, has become one of the state’s leading providers of insurance. It offers a variety of different auto and motorcycle policies, including:

  • bundle policies,
  • high-risk policies,
  • discount policies,
  • fleet policies,
  • nonstandard policies, and

Motorcycle policies.

Allstate

The Allstate motorcycle insurance program is an insurance program that they are really proud of. The Allstate motorcycle insurance program is there to help you out and they are proud that they have been able to help a lot of people. The things they most value about the Allstate motorcycles insurance program are the way it interacts with the local communities.

The Allstate motorcycle insurance program is the motorcycle insurance program they started back in 1907. They were the first ones to come out with it and they want you to know that they have been doing their best since that time to make sure that whenever there is a problem you can count on them. They are proud that they have a lot of local offices that they have built up over the years. They have made sure that whenever you need to talk with somebody that they have a local office that you can visit. They are proud that they have established a great relationship with their customers over the years.

Another thing they are proud of is that it is a multi-line insurance company. Allstate motorcycle insurance is there to stand behind you whenever you are dealing with your insurance needs.

Amica

Vs. State Farm Vs. Progressive vs. GEICO vs. Harley Davidson

The first thing you need to do when getting motorcycle insurance is to decide what type of coverage you need and the best type of insurance for your needs. If you are a biker, chances are you already did this and found some coverage plan (if you did not, you are probably looking for a good motorcycle insurance for the first time). But as you might have noticed, plans are similar. There are only a few companies that provide motorcycle insurance and they all adhere to the minimum state regulation, so knowing what type of rider insurance is the best for you is the only way to make sure you get the best price.

If you ride your motorcycle for pleasure, then it’s a good thing to get a plan that will cover your bike against theft, as well as provide you with a professional insurance coverage in case of an accident. Without insurance, if something happens it will be on you, or at least the repair of the bike will in any case.

Markel

State Farm

For more than 115 years, we’ve worked hard to earn the trust of our State Farm Insurance agents, and State Farm Mutual Funds®. We’re one of the nation’s largest property and casualty insurance groups and a Fortune 500 company. In fact, our size allows us to diversify our insurance offerings, so we offer a variety of insurance, financial and auto services products.

Whether you’re looking for car insurance, home insurance, motorcycle insurance, farm insurance, life insurance or business insurance (or any combination of these), we can meet your needs. And because we offer them in addition to our auto insurance, our agents can help you customize a package of coverage that fits your everyday needs.

Harley-Davidson

Usually has two engines size to choose from. The standard engine has a displacement of 883 cubic centimetres (61 cubic inches). The XL version comes with an additional 120 cc extra.

It’s a conventional design, but give yourself plenty of time with it. The weight of this bike is quite substantial but the automatic, belt-driven cams are reliable and very low maintenance, consuming only a small amount of oil.

Coverage That Gives You the Freedom to Roam Free

As all riders know, riding a motorcycle can be dangerous. There are a lot of risks that go with riding a motorbike. However, you don’t have to fear these risks if you’re wisely insured. Insurance is what protects you in case of an accident, or when someone is hurt or their property is damaged as a result of your riding. Choosing the right motorcycle insurance policy is not an easy task but you need to be really smart about it.

A Complete Guide to Buying Insurance

Buying the right insurance policy is like understanding yourself; it’s a complicated and personalized process. Everyone needs insurance, but it’s your needs, desires, and entitlements that should dictate your coverage. If you’re an experienced rider or a casual rider who just got your bike license, the motorcycle insurance you’ll need will be different.

Your age, experience, and financial situation will all play a role in determining what you’ll need.

About the Author

David Lyons has been riding motorcycles since 1982 and is arguably one of the more seasoned riders when it comes to motorcycling. In his post, he includes some useful advice for new riders about what to remember when they are looking for a bike to ride.

Here are the key points he focuses in on to help everyone who is thinking about getting their own cool motorcycle.

First, focus on the distance you want to ride.

If you’re planning on going on a straight ride, make sure you have the right gear.

If your bike isn’t meant for commuting or is big and bulky, then don’t look for a bike that will make it easier for you to commute, just for that pleasant ride.

Second, consider mileage.

If this is going to be your main commuter, consider getting the shortest mileage bike.

If you want to use this bike for recreational purposes only, choose a larger engine bike.

Third, get your six-month policy.

It won’t cover you if you’re hurt on your bike, however, it will cover any damage done to your bike.

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What You Need to Know About Motorcycle Insurance

Even if you’re a safe rider, motorcyclist accidents happen all the time. It’s just the way it is. While nobody wants to be in an accident, it’s always better to be prepared. Are you prepared?

If not, we have some good news for you. We’re going to show you how to take the right steps towards getting you and your motorcycle covered.

We’re talking about motorcycle insurance. Today you’re going to learn about the different types of motorcycle insurance coverage and which one could be best for you. You will also find out about the various factors that affect the cost of a policy and some secrets to getting the best deal.

Let’s start from the beginning.

And remember, these tips are useful for both new and experienced riders.