Beefy, in a hardly any text, motorcycle insurance costs extra than annihilation, nevertheless a abundance less than vehivle insurance. On the contrary seriously, rates for motorcycle insurance can canter as petite as $10 per month, all the action up to whatever a hairy Chauffeur is wiling to fee to stay on the course. Attain get-up-and-go approximately researching insurance costs, what coverage to receive and what you should expect to recompense.
Instructions
Know What You Want
1. There are a legion of coverage options for motorcycle insurance. Most states have a minimum amount of coverage that you must carry on a bike to be properly insured. A simple search on the Internet will help you find what those minimums are in your state.
2. Insurance comes in two sections, collision and comprehensive. You'll need the Vehicle Identification Number of your motorcycle this time.12. Set up your payment plan according to the options that the company offers. More often than not, you will be able to set up a monthly payment plan, but you can usually get a better price if you pay all at once.
3. Each coverage type includes a deductible, which is the amount that you are willing to pay out of pocket for each individual incident. Normally, you set your own deductible, in multiples of $250. The higher the amount, the lower the rate you can get. Most insurance companies will allow you to take on as high as a $1,000 deductible. This is literally the amount of risk you are willing to take responsibility for on your own.
4. In a great number of automobile incidents, and an even greater number of motorcycle wrecks, medical costs come into play. Not only are they a consideration, but often they can mount quickly, especially if there is a head injury involved. Obviously, the higher the amount of coverage for medical costs you elect, the higher your rate will be.
Where Do I Look?
5. The first and most obvious place to look for motorcycle insurance quotes is the Internet. Most auto insurance companies offer some kind of motorcycle insurance, but it may be easier and cheaper to seek a quote from a company that specializes in motorcycle insurance.
6. Another reliable source for insurance quotes is the phone book in your community. This option offers local choices, with business owners who are involved in the community.
7. Ask around. The local motorcycle riding community is often the best place to go to find information about how much motorcycle insurance should cost. Remember, talking to actual customers will often get you more information than what it costs. People will share experiences, as well as what they pay. If a company has low rates, but bad customer service, you may want to look elsewhere for coverage.
Getting the Quote and Buying the Coverage
8. Once you've found several places to check up on, give each one of them a call. These days, you are able to get a quote from most companies online just as easily. More often than not, though, you'll eventually have to talk to someone on the phone. Call each one in turn, and explain to the representative that you are looking for motorcycle insurance, either to switch companies or to write a new policy. You should have your driving record available to look at (or be prepared to remember every accident or ticket you've gotten in the last three to five years). You'll also need your motorcycle's make, model and year.
9. The representative will ask you questions related to your driving record, where your bike is parked and what kind of coverages you are interested in buying. Make sure that each company you talk to gets the same information. It does you no good to get quotes from different providers if the services you are buying are not the same.
10. After consideration of all the quotes, decide which company or agent is best for you. It is now time to write the policy. A quote is only a guideline for how much it will cost you to insure your motorcycle. Once the policy is written, you will receive the final price. Unless something changes drastically, you should pay the same price that was quoted originally.
11. Contact the agent for the insurance company you've chosen. Let her know that you will be having her write you a policy, and begin the application process. If you are buying coverage from a local provider, you may need to actually get yourself down to the office to fill out the paperwork. Sometimes, though, you'll be able to fill out the forms over the phone. Collision coverage covers the damage that you would do to your own vehicle in the event of an at-fault accident. Comprehensive coverage will cover the cost of damage to your vehicle by outside influences. Fire, theft, vandalism and other acts of nature are covered under comprehensive coverage.
Some companies do not let you pay monthly if the total premium is less than a certain amount. That amount limit is different with different companies, so make sure you ask about that as well when you are shopping around. At the end of the day, a good rider with a small bike and not too many extras can get decent coverage for as little as $10 per month. More dangerous drivers can expect to pay more, since they represent more risk to the insurance company.
