Motorcycle Insurance Buyer’s Guide

by Administrator 19. June 2013 07:11

Riding a motorcycle carries more risk than driving a four wheeler, which makes it all the more important to choose your insurance plan carefully. In some states, you have to show proof of insurance before you can legally purchase a motorcycle. While the legal motorcycle insurance requirement in most states is that of liability coverage, it is advisable to get comprehensive coverage, since this would cover expensive medical bills in case you are hospitalized. Interestingly, your driving record on four wheels shall dictate how much you pay towards insurance premium for your motorcycle.

Other factors that shall determine how much you pay for your motorcycle insurance include your age, the type of motorcycle you ride, where you shall store it, etc. You can bring down your insurance premium by buying it from the same insurance company that you use for your auto insurance.

Here’s a look at the types of coverage included in motorcycle insurance-

  • Bodily injury liability and property damage liability- If you are riding a bike in Killeen, TX, this is the minimum coverage that you shall need to have. This covers expenses of bodily injury and property damage to others, in an accident in which it was your fault.
  • You shall need to purchase additional guest passenger liability coverage for injuries caused to a passenger riding with you.
  • Comprehensive and collision coverage- This coverage pays in case of damage caused to your bike in an accident (collision coverage), or other incidences like vandalism, theft, fire, etc. (comprehensive coverage). The insurance company shall pay for repairs, or for the total value of the bike depending on the extent of damage.
  • Uninsured motorists’ coverage- While this is not mandatory for bike riders in Killeen, it is advisable to buy this coverage, as it can avoid you having to pay for hospital bills in an accident with a motorist with no insurance or insufficient coverage.
  • Accessory coverage- This extends to any parts or accessories that were not originally installed by the manufacturer. This includes GPS systems, stereo systems, sidecars, custom paint, safety riding apparel, and even permanently installed electronic equipment like bolts and brackets.

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