Motorcycle Insurance

Motorcycle Insurance Simplified

A motorcycle insurance’s coverage is pretty much similar to a car insurance. But when it comes to liability insurance, insurance companies tend to charge more for  Bodily injury coverage and less for Property damage. According to statistics a motorcyclist’s are more prone to car accidents than car drivers. And in addition to that motorcyclist tends to sustain injuries that are more costly and expensive. Motorcycle Insurance provides Liability coverage, Medical payments,Uninsured Motorist, Collision and Comprehensive.

How does Motorcycle Insurance  Pay you?

Motorcycle Insurance

Actual Cash Value

Your insurance will pay you the exact amount of  your bike less the depreciation and your deductible. For example your bike or scooter is worth   $500 last 2015 your insurance will pay whatever the bike’s worth today. So expect to receive less.

 Agreed Value

Your insurance will pay you the amount that you and the insurance provider agreed upon. The great thing about this mode of payment is that the amount remains fixed, and no deductible is taken from the reimbursement you will receive after filing a claim. Most Insurance providers offer these  type to owners of custom or classic bikes.

Motorcycle Insurance

How much does motor insurance cost?

The average cost of a motor insurance in California is about $55 a month which sums up to $665 a year. Although its 28% higher than the national average cost in U.S which is $702 per year it is still indeed a great deal to get an insurance especially if you’re fond of riding a motorcycle. You might be thinking of paying your insurance on a monthly basis but actually it’s more expensive than paying for a full year coverage. Most insurance companies offer discounts if you pay-in-full. We can help you find a great deal for a motor insurance get a quote now.

Factors Affecting your Motorcycle Insurance Rate

Most insurance companies ask these information in order to calculate your insurance rate such information are the following:

  • Your age, your driving record and where you live
  • ​Type or style of bike you ride—for example, sport bike, cruiser or custom motorcycle
  • Age of the motorcycle
  • Number of miles you ride a year
  • Where you store your bike

Simple Tips on how to save Money with Motorcycle Insurance

  • Motorcycle Value

Insurance companies tend to charge more for expensive motor bikes. The more expensive your bike the more cost it would take to repair or replace it.

  • Bike Safety

By installing some safety features on your bike the less likely you’d be involved in an accident. An example of a safety feature on a bike is having an Anti-lock braking system. Insurance Companies offer discounts for having such safety devices.

  • Multi Bike Discount

You can save money if you have more than one motorcycle being covered. Insurance companies offer discounts if you have more motorcycles.

  • Multi-Policy discount

If you have an existing home insurance you might want to ask your insurance provider if they offer motorcycle insurance. Most insurance providers give discounts if you avail for other insurance products they offer. You will not only benefit from the discount but also benefit for making only one payment for a couple of insurance products.

  • Join a Club

Discounted rates are sometimes given to members of motorcycle clubs. You will not only learn more about safety riding, it’s also a great way to make friends and get some recommendations.

  • Raise your Deductible

Whatever type of insurance your paying for such as homeowners, renters, health, car, or motorcycle deductibles play a big part on your premium. By simply increasing your deductible you can save around 10% to 20% of your insurance premium