Things To Consider When You Compare Motorcycle Insurance

2008-09-24 16:01:25

( Automobiles )



Riding a motorcycle down the road may give you a feeling of freedom. Riding, however, is costly, from the rising gas prices, the motorcycle itself to the insurance premium. You may not be using your bike often, but the motorcycle insurance bill is very expensive. Insurers, like Progressive motorcycle insurance company, say that the main reason why bike insurance bill is costly is due to the fact that when you encounter an accident while riding, motorcycle injury is often extensive. It can result to a lifetime disability.

If you want to get lower insurance quotes, then you should compare motorcycle insurance from different companies. There are things that you should consider when you compare motorcycle insurance.

Risk Factors Affecting Premiums

When you compare motorcycle insurance, you will find out that insurance requirements vary among states. Some of the factors that may affect your premium include your age, the location of your garage, and the horsepower of the motorcycle. Premiums are higher when you are in your early twenties, and lower when you are in your forties. If you have a speedy and glitzy motorcycle, then expect to receive higher quotes when you compare motorcycle insurance.

Some companies offer discounts if you install devices that protects your bike, such as an anti-theft system. It may not be stated in your quotes, but try to ask the insurer about any discounts when you compare motorcycle insurance.

Don't Buy the First Cheap Cover

You may want to buy the first cheapest cover that you find when you compare motorcycle insurance. While it is cheaper to buy liability insurance that only extends coverage to a third person in case of an accident, it may not be a wise purchase. Remember that if you happen to be at fault and you do not have enough coverage, it could wipe out your savings.


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