Things To Consider When Buying Motorcycle Insurance

by Administrator 18. June 2015 08:51

If you own a motorcycle, it is essential that you purchase insurance for it. Rash driving, bad weather conditions and poorly maintained roads can lead to accidents and cause damage to your vehicle. Besides, a comprehensive insurance policy is a legal requirement along with being a beneficial investment to protect your vehicle.

Here are some of the factors that you must consider to calculate risk and premium rates when buying motorcycle insurance:

  • Type Of Coverage: You might need to pay a higher premium if you expand the coverage or choose a higher limit for your insurance. These may include medical bills, custom parts and equipment, guest passenger liability coverage etc. Make sure you carefully evaluate your coverage needs to avoid over-insuring and having unnecessary expenditures.
  • Age: This is also a major factor influencing the cost of motorcycle insurance. Owing to less on-road experience of young drivers, they are likely to expect higher rates. Experienced drivers receive a lower interest rate and you can ask the agency if you can undertake a test to demonstrate your driving skills.
  • Gender: Male drivers in the age group of 16 to 25 are quoted higher premiums, owing to the more miles that they travel per year. The insurance agency may offer lower premium to women, however, the rates tend to balance up with age.
  • Riding Experience: If you have purchased a bike for the first time, you might have to bear higher insurance costs than the experienced drivers do. However, you can significantly lower this cost by completing motorcycle classes and submitting its proof along with your application form.
  • Driving Record: This is an important factor determining the rate of your policy. Insurance agency always checks an applicants driving record to look for speeding tickets, DUI arrests or any accidents. Higher number of any of these corresponds to a higher premium amount.
  • Location: The place where you live, work or park your motorcycle daily can also affect your insurance rate. If you live in an area with high crime rate, accident records and theft cases, you may need to pay a higher premium. Investing in a garage to store your bike or installing anti-theft devices can help to lower the insurance cost.

To buy affordable motorcycle insurance in Killeen, TX, you can contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

Tags: ,

Tag cloud

Month List