Now that you own the bike of your dreams you want motorcycle insurance to protect your investment. You will need coverage even before you ride it home from the dealershop. In fact, it is best to have your insurance ready to go place before you start shopping to avoid unpleasant surprises.
may be just a minute away!
How much is motorcycle insurance, you ask? Well, there is no one answer to that question.
There are three types of policies:
These descriptions over simplify things, but that's the basics.
When shopping for whichever of the above coverages you feel that you may need, be sure to get motorcycle insurance coverage that will replace your bike in the event of a major motorcycle wreck in which it's totalled. Be careful that the fine print does not say that the company will only pay depreciated value. You know how much a brand new Harley Davidson like the one you own costs new, right? Well, make sure that if you total yours that you can get a replacement with your insurance settlement!
HOW DO THEY COME UP WITH A PREMIUM AMOUNT AND HOW CAN I LOWER IT?
Like everything now, the insurance agent will more than likely have a handy little computer program where he enters information about you. Once he does that, the program spits out what you're going to be out every month, quarter or whatever for insurance.
What information does he feed the machine? He keys in or calls into his central office stuff like:
If you have a customized chopper you built yourself from a kit, that you tricked out with loads of chrome, accessories and horsepower, expect to pay extra for motorcycle insurance. All that showoff potential costs big bucks in replacement value and don't you think that insurance executives haven't learned that lesson! You will be paying top rates if this is your scenario. Cheap or even affordable motorcycle insurance may be a challenge for this rider to find.
If you are a grandmother and have a vintage scooter with a basket that you use to buzz to the library from time to time. It stands to reason that the price you pay will be considerably cheaper than our first example.
The good news is whether you need specialty motorcycle insurance as the rider of a high powered chopper or to insure a treasured antique, shopping for low cost insurance out there has never been easier!
There's no need to race from one agent's office to another frantically fill out paperwork to find the best motorcycle insurance deal in town. It's so easy to get free motorcycle insurance quotes online or even over the telephone. All those insurers are out there competing for your business and the winner of the competition with some smart comparison shopping will be you!
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