You are looking to save money. You have cut costs in several different areas of your life; however one decision sticks out like a sore thumb. Do you sell the truck and buy a motorcycle? The motorcycle is much cheaper right? It's a great way to save money? While true, motorcycle insurance is one thing you can expect not to drop in cost.
Motorcycle insurance covers the owner or driver against the typical events that may occur, which fall under the categories of accidents and theft. The insurance only covers the owner or driver, because motorcyclists usually ride by themselves, generally without anybody else tagging along.
Fire and theft are where rates really blow out of proportion. Insurance companies are unwilling to cover bikes against theft, because they can be stolen quite easy. Fire is also something that insurance companies have problems covering. If you want extended coverage, your premium can spike up in price quite quickly.
Insurance companies are also hesitant to provide accident coverage. Motor bikes are quite dangerous in regard to accidents. Motorcycle drivers are put in danger because they do not wear a seat belt and their entire body is exposed in the open. If they collide with another force, the odds of that force being more powerful are quite high. Unfortunately, motorcycle accidents usually leave the driver in critical and sometimes fatal care.
Insurance companies cannot kill their integrity by jumping to conclusions when it comes to calculating costs and risks of motorcycles. Accidents and theft do happen, but the majority of bike riders are safe and smart on the road. The insurance company will also drop the rate if the driver is older, very experienced on a bike, and rides a bike that is not overly powerful.
The insurance company will also factor into the individual's driving record. How many speeding tickets have you acquired? How many past accidents have you been involved in? These factors weigh in heavily on premium costs and decide how big of a risk you posses.
If the driver uses the motorcycle only as a secondary form of transportation, than expect an even lower premium. If you only plan to take the bike out on the weekends or on holidays, inform the insurance company. Insurance companies understand your desire for a motor bike and are willing to work with you to reach a satisfactory premium.
Motorcycle insurance covers the owner or driver against the typical events that may occur, which fall under the categories of accidents and theft. The insurance only covers the owner or driver, because motorcyclists usually ride by themselves, generally without anybody else tagging along.
Fire and theft are where rates really blow out of proportion. Insurance companies are unwilling to cover bikes against theft, because they can be stolen quite easy. Fire is also something that insurance companies have problems covering. If you want extended coverage, your premium can spike up in price quite quickly.
Insurance companies are also hesitant to provide accident coverage. Motor bikes are quite dangerous in regard to accidents. Motorcycle drivers are put in danger because they do not wear a seat belt and their entire body is exposed in the open. If they collide with another force, the odds of that force being more powerful are quite high. Unfortunately, motorcycle accidents usually leave the driver in critical and sometimes fatal care.
Insurance companies cannot kill their integrity by jumping to conclusions when it comes to calculating costs and risks of motorcycles. Accidents and theft do happen, but the majority of bike riders are safe and smart on the road. The insurance company will also drop the rate if the driver is older, very experienced on a bike, and rides a bike that is not overly powerful.
The insurance company will also factor into the individual's driving record. How many speeding tickets have you acquired? How many past accidents have you been involved in? These factors weigh in heavily on premium costs and decide how big of a risk you posses.
If the driver uses the motorcycle only as a secondary form of transportation, than expect an even lower premium. If you only plan to take the bike out on the weekends or on holidays, inform the insurance company. Insurance companies understand your desire for a motor bike and are willing to work with you to reach a satisfactory premium.
About the Author:
Graham McKenzie is the content Syndication Manager at insurance123.co.zaSouth Africa's leading Motorcycle Insurance information portal
