A motorcycle can be a cool and convenient way to get around. This two-wheeled road beast can certainly be driven on both gravelly country roads or paved city streets anywhere.
Commuting is also made more fun and easier as a motorcycles is a viable form of everyday transportation. In cities where highways are crowded with cars and trucks, and where bad traffic can be a pain, motorcycling makes a lot of sense.
Zip past rush hour traffic and get to your destination on time and in style.
If you’re more of the practical kind of guy, what can be more economical than a vehicle that is very fuel-efficient? Doing the basic maintenance on a motorcycle is also much easier. In these areas alone, you can save tons of cash.
How Many Americans Own a Motorcycle?
According to the data from the statistic portal Statista, there are over 12.86 million people living in households owning a motorcycle in the spring of 2016.
The number seems to have dwindled over the years. There are fewer millennials wanting to own a motorcycle than when the baby boomers were of their age. However, the motorcycle culture in America did not die out completely.
Many millennials did not pick up very well on this motorcycle culture. The mistakes of the past generations with motorcycles must have stuck really good. Baby boomers saw and treated these vehicles like toys.
Drunk driving. Refusal to wear helmets. Rebellious. These acts formed the stigma that today’s generation associates motorbikes with. How does one change this reputation? Give them the right reasons to own and drive one. Most importantly, teach them the right way to ride one.
Be a Responsible Motorcyclist
Being a responsible motorcyclist means that you also need to get your vehicle insured.
Before, only a few specialty insurance providers offer motorcycle insurances. Today, even major insurance companies offer different insurance packages under their motorcycle line.
Let’s face it. No matter how cautious and responsible you are, accidents may happen. While you are hoping that nothing terrible happens, it is always better to cushion yourself — with your motorcycle insurance.
Protect Yourself and Your Bike with Insurance
What’s the best reason to get your motorbike insurance coverage? Simply put, motorcycle insurance is mandatory. It is required by the different state laws that motorcycle owners take an insurance policy.
You do not only protect your motorcycle for any damages or losses when you’re covered. With insurance, you are also protecting yourself from possible legal liabilities imposed by lawsuits and other similar claims in case of uneventful circumstances.
Different Types of Motorcycle Insurance Coverages
What are the coverage options to expect in motorcycle insurance?
These include, but are not limited to:
- Liability coverage: This coverage insures you in the event of a damage to property of others or body injuries resulting from an accident that you have caused. It may cover both the legal costs and any legal payouts.
- Uninsured motorist coverage: This becomes very useful when you are caught in an accident where the driver-at-fault does not have any liability insurance. Moreover, it can also kick in when the driver-at-fault has a liability limit that is too low to cover all your medical expenses and property damages.
- Comprehensive coverage: This policy includes the repair of damaged parts and upgrade of motorcycle components and replacement of lost or stolen parts. comprehensive policies can also cover custom paint jobs. It also covers damages caused by fire, vandalism or falling objects such as trees or hail.
- Guest passenger liability coverage: There are also insurance policies that cover the attached side car. Unlike auto insurance, passengers on motorcycles are not automatically covered by a regular liability coverage. So if you always ride with a passenger, you should also get yourself a guest passenger liability coverage.
How Much Does Motorcycle Insurance Cost?
A lot of factors come into play when you want to determine the cost of motorcycle insurance.
What motorcycle to be ensured, the policy you choose, and your driving record are some of the important variables that will be considered in calculating the insurance cost. The state you live in can also tell how much it will cost you to get motorcycle insurance.
According to the Financial Web, liability motorcycle insurance may cost you around $100 to $500 annually. This is just for the basic minimum insurance requirements. If you want a more comprehensive coverage for your motorcycle, the cost will most likely be higher.
When you carry a bad driving record, it will drive the insurance cost up. Your record can make a great difference in the overall cost. It is wise to always be extra responsible when driving your bike around the city.
You have to keep in mind that the kind of bike to be insured will affect the price of your insurance. So, don’t be lured too easily into buying fast sporty motorbikes when they are sold at a relatively low price. A sports bike insurance can be as high as $3,000 per year depending on some circumstances.
Overall, motorcycles are a lot cheaper to insure than cars. Find how much it costs to get your vehicle insured using reliable online calculators.
Looking for the Perfect Motorcycle Insurance?
Before you begin, you have to know that there is no standard rate set. Initially, motorcycle owners will have to choose between a simple liability insurance or a more comprehensive policy. You also have to consider the kind of “motorcycle lifestyle” you have. That means you have to fit your policy according to the kind of motorcycle you have and how you ride it. These are some things which can make your insurance shopping faster.
There are many companies that specialize in ensuring motorcycles. Ask for recommendations from you biker friends or from your motorcycle dealer. They should know a number of insurance specialists you can check out.
Bike insurances often don’t have a set premium so shopping around would be a smart move. Get different quotes from multiple insurance providers. This can help you find a good option that is priced reasonably.
Do you also own a house, two cars, and a business? Are you paying different insurance premiums for each? Think about getting an insurance from a company that offers insurance policies for all these items, plus your motorcycle. There is a great chance that they can give you a big bulk discount for insuring multiple items under them.
If you want to know more information about motorcycle insurance or you just simply want to get a quote, see InsuranceSpecialists.com. It is a virtual portal for everything insurance related.