6 Frequently Asked Questions about Motorcycle Insurance

Happy Biker Woman With A Road Helmet And Thumb UpBefore buying your first bike, you have to do a little bit of research to discover the very best insurance plan designed to meet your specific needs. The optimal coverage is actually comprised of different policies that address different risk factors. For instance, liability insurance will cover the other party’s expenses triggered by an accident that you are responsible for, but won’t cover your prejudice if your bike gets stolen. This is only one basic example meant to help you realize that you have to dig a little deeper for accurate info before buying motorcycle insurance. To make things a whole lot simpler for you, we have come up with a list of 6 frequently asked questions about this type of policy.

1)      What’s the Easiest Way to Find a Good Policy?

If you want to save big while purchasing insurance, all you have to do is to get free quotes online. You can count on Insurance Quote Depot to compare motorcycle insurance rates by zip code. This way, you can spot the most amazing deals, choose the perfect carrier and ultimately walk away with a policy offering you an ideal level of coverage in your price range. Instead of talking to dozens of different insurers and wasting a lot of time in the process, you can get and compare insurance quotes with a few clicks at home or at the office.

2)      What Payment Methods Are Accepted by Insurers?

When it comes to doing business with a new insurance company, make sure your favorite candidates are very flexible and give you the opportunity to pay in installments or make a one-time payment. Most carriers let you choose between ten-pay, four-pay or two-pay plans, so in the end, you can feel free to select the payment method that works best for you. However, you should know that it is always recommended to make a lump sum payment. This way, you could avoid additional fees that could reach a total of 100 dollars over the course of 1 year. It may not sound like much, but it’s still good money that would vanish into thin air without bringing you any benefits.

3)      What Kind of Discounts Could I Be Eligible for?

Fortunately, the insurance industry is a very competitive sector. To keep their clients close in the long run, insurance companies feel compelled to tempt their prospects with considerable discounts. Generally speaking, every single attribute or sign of improvement that can convince your insurer that you are an ideal candidate and not a liability can help you unlock additional discounts. If you take safety course, have anti-lock brakes or an airbag and plan to abandon the big city life and start fresh in a rural community, all these elements can lead to considerable discounts. Also, if you buy more than motorcycle insurance from your provider, you can also expect an extra multi-policy discount. This is actually a very effective strategy enabling you to preserve your resources. After all, why waste time and money trying to buy different policies from different carriers when you can purchase all the coverage you need from the same great source?

4)      Does My Policy Include Towing and Roadside Assistance?

A basic policy doesn’t usually come with towing and roadside assistance, but this is a very cost-effective extra that you can add to your current policy. Think about it: you could have a serious problem with your bike in the middle of nowhere. What would you do in this particular situation? If you were to have this additional type of coverage, you wouldn’t have to call your friends and ask them to come to the rescue, or you wouldn’t be forced to abandon your bike on the side of the road to start looking for someone who could get you out of trouble. Discuss your options with your insurer. In most cases, little extras that come in handy very often don’t cost more than a few dollars per month and allow you to attain peace of mind, knowing that your policy truly addresses most risk factors that could disrupt your normal balance.

5)      Could I Benefit from a First Accident Waiver?

Obviously, all insurance companies appreciate drivers and riders with a good history. While it’s perfectly true that people who get in trouble very often and file numerous claims are being considered high-risk beneficiaries by insurers, clients who do not get involved in accidents, do not report any losses and drive or ride safely are cataloged as ideal customers. Some insurance companies value their best customers a great deal, so they give them the chance to profit from a first accident waiver. This means that they are willing to waive the first accident that you may be responsible for.

6)      Is My Safety Apparel Covered?

Some bikers invest a lot of money in their safety apparel (gloves, jacket, helmet and every other clothing item or accessory designed to minimize the risk of getting injured). Most policies cover damages to your safety apparel, but do not cover your losses if it gets vandalized or stolen. Of course, if you are worried about your pricy safety apparel and want to make sure it is protected against every conceivable risk, you should ask your insurer to shed some light on this matter and help you discover the most suitable policy.

These are only 6 of the most common questions related to motorcycle insurance. To choose the best type of coverage, you should be able to identify the factors that can raise your premiums: you lack of experience, poor credit history, gaps in coverage, location, the make and model of your bike and even the way in which your store your motorcycle can and will influence your monthly premiums.

If you have any kind of doubts on your mind, note that it is always better to discuss important matters like payment methods, coverage limits, discounts and benefits with your insurer.

But before you step inside in his or her office, don’t forget to compare motorcycle insurance rates by zip code online to spot the best deals on your own.

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