Posted by Adam West on Thursday, March 14, 2019 Under: Motorbike Advice
If you have just purchased a motorbike you will need to find the right motorbike insurance. Occasionally this can be a difficult thing to do. Several insurance companies will not write motorbike insurance anymore due to the danger factor of them.
However, there are insurance companies out there that will write motorbike insurance. Once you have found one you will want to get the best policy at the lowest rate you can.
If you owe someone on the motorbike you must carry full coverage on it so as to protect the lien holder's as well as your interest in it. To keep the rate lower go with higher deductibles on collision. Unless you have a lot of possessions or property to protect in the event of an accident, opt for the lowest liability limits your state allows you to carry.
The sportier the motorbike the more the insurance will cost. If you happen to purchase what is considered a "crotch rocket", you will look at paying around $600 a year for full coverage insurance. If a teenager will be driving the motorbike, you would be facing a premium of upwards of $2500 a year for full coverage insurance.
Make certain that you have taken a motorbike riding/training course since most insurance companies will give discounts for these courses. Some companies will also give senior discounts or discounts for having multiple policies with them.
Motorbikes are just like other vehicles and are required in most states to carry at least the minimum insurance coverage the state allows. If you have an older motorbike that you do not owe on, you can just carry liability and uninsured motorist coverage to keep the premium lower.
When you go to purchase a motorbike listening to the salesperson about the rate of the insurance can certainly get you in a lot of trouble. Before choosing a motorbike, call several insurance companies and get a rate from them.
Some companies will not write insurance on a motorbike for you unless they also have your automobile insurance. There are a few companies which will write insurance on a motorbike as long as they have your home or property insurance. You will just have to look around for a company which offers these services.
In conclusion, finding motorbike insurance may not be easy but can be done by simply calling around. This will also insure you find the best deal possible.
In : Motorbike Advice
Tags: motorbike insurance warrington