YOU ASK:

How much is motorcycle insurance?

WE ANSWER:

How much you will pay for your motorcycle insurance, depends on a number of factors: the insurer you choose, your age, place of residence and occupation, what type of bike you own, your driving and riding record, and the coverages you would like to purchase. Based on these and many more factors, motorcycle insurance premium rates may vary between $200 and $2,000 a year.

Tips for Getting the Best Motorcycle Insurance at the Best Price

There are certain minimum motorcycle coverage requirements that the majority of states have imposed. Generally, the minimum coverage bikers are required to have is liability for bodily injury and physical damage, which usually costs a few hundred dollars per year.

However, liability coverage only protects bikers from liability in case they cause injury to another person or damage to another person's vehicle. That coverage is less than adequate for bikers who are one of the groups most likely to get involved in a road accident and to suffer the most severe damages and injuries.

What if you are the one who suffers injuries and what if your motorcycle is a write-off after an accident? Having basic Third-party Liability coverage will not be enough to cover all the expenses if the other driver is not insured, not to mention providing compensation for all your pain and suffering. This is why you should play it safe, and include an uninsured and underinsured motorist coverage in your motorcycle policy, in case the at-fault motorist does not carry adequate or any insurance.

The same applies to situations in which your motorcycle is damaged as a result of collision, or other causes of loss, such as theft, arson, vandalism, flood, hailstorm, etc. Collision and Comprehensive coverage will compensate you if your bike is damaged as a result of these causes.

The best way to save money on motorcycle insurance, while not sacrificing the quality of coverage, is to shop around on the Internet and compare similar quotes from different companies. It is a time-consuming job but it is worth the hassle and it can save you hundreds of dollars in the long run.

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