What makes insuring a motorcycle different from insuring a car?

Compared to cars, motorcycles are more dangerous. A person who drives a motorcycle doesn’t use a seat belt and he is not protected by any gear when an accident happens. But, the risk of motorcycle driving doesn’t mean that insurance for such vehicle is more expensive than car insurance. When it comes to providing the final price for an insurance policy, insurers consider a lot of factors. Just like auto insurance, insurance for motorcycles depends on the history of the driver and factors like the average premium rate of the driver will determine the differences between the two types of insurance.

Minimum Coverage for Liabilities

Insurance for motorcycles is enforced in every state, requiring minimum coverage for liabilities for damages that are caused by the owner of the policy. These damages include damages to properties, injuries to more than one person and injuries to a single person. Like car insurance that is mandated in states, the minimum liability coverage for motorcycles is written as 3 numbers between 2 slashes. Every number represents the coverage amount in thousands of dollars.

Discounted Rates

Like automobile insurance, motorcycle insurance is offered with discounted rates depending upon the kind of bike a motorist insured, the biker’s gender and age, his accident history and his location. Drivers who use motorcycles and have taken safety training courses or own several bikes may have their premiums reduced just like those who have multiple cars. But unlike auto insurance, some motorcycle insurance provides “lay up” rates that suspend insurance during the winter season while motorcycles are not in use. Also, a motorcyclist can enjoy motorcycle insurance discounts when he is a member of a major motorcycle group or association.

Price

A motorist pays for motorcycle insurance, just like auto insurance, depending on the kind of bike he insured. Some financial websites say that the motorcycle insurance cost for basic coverage can be between $100 and $400 annually on average. This range of price is almost a quarter of a car insurance price. Sometimes, it can be cheaper to insure a motorcycle than a car and vise versa. The driver’s financial history, age and address will be taken into account by insurers. A person who owns a motorcyclist can pay less for his bike when it is not high-end, he has a clean driving record and his financial history is strong.

Acquisition

Anyone can obtain a motorcycle insurance quote on the web, just like auto insurance. In order to get the best rate, it is important to do a comparison of various insurance providers. Such comparison will allow insurance shoppers to understand the terms and conditions of every available insurance policy and determine the right one that is tailored to their specific needs and requirements.

Extra Coverage Options

Just like auto insurance, motorcycle insurance provides complete coverage options in order to protect motorists from collision, damages and theft. The damages include those that result from natural disasters, debris and damages that are not related to any collision. Every motorcyclist also has the option to buy personal injury protection and uninsured motorist insurance, just like car owner.