Getting The Best Insurance Coverage For Your Bike : Part 2

Many drivers are in a hurry to buy an insurance policy just to avoid a parking or speeding ticket. Merely fulfilling legal insurance requirements is not always enough. In some states, you won’t be required to purchase an insurance policy with much needed packages. If you just go for a general insurance policy, you won’t be protected well. Ask questions to your insurance agent and conduct a short online research on insurance policies if possible.

Chances of your motorcycle damaging someone else’s on the road are quite high if you are a new rider. Property damages may also include ruined fences, garages, and cars. For all such damages, damage liability coverage will protect you to the maximum limit. You also need to understand these liabilities for uninsured and underinsured drivers.

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If the driver at fault is not insured enough, an uninsured or underinsured driver’s plan will cover you. These plans are not always included in a general motorcycle insurance policy, so it is good idea to ask your insurance agent whether you are protected in such cases or not.

Need More Proof That You Need Insurance? Consider These Statistics…

When you are trying to figure out how much coverage to buy, it is a good idea to take a look at motorcycle safety statistics. This information will help you get a clear idea of how and when motorcycle accidents are most likely to happen. Before you start looking for the cut rate policies and quotes on the internet, it is important to assess both the risks and benefits of riding your bike.

Motorcycle safety statistics reports are disclosed by state departments every year. These reports may span over hundreds of pages. Here are some of the most important points from motorcycle safety statistics report that can help you find the right bike, driving tips, and insurance coverage:

  • Nearly 3/4 of all motorcycle accidents were collisions. These accidents happened when a motorcycle collided with a passenger automobile on the road.
  • Nearly 10% of the total accidents are single vehicle accidents. These are the accidents where a motorcycle hits a fixed object such as a traffic sign board, water tank on the roadside, or a roadway itself.
  • Less than 3% of all accidents were caused by vehicle failure. Most of these accidents happened due to a puncture or flat tire. A rider may lose control over the vehicle due to a punctured tire.
  • Nearly 2% of all accidents occurred due to roadway defects. These defects may include potholes, pavement ridges, and the presence of boulders. Also, animal hit and runs accounted for around 1% of all motorcycle accidents.motorcycle-1
  • It has been found that the most common reason behind motorcycle accidents is the failure on part of a motorist to recognize a motorcycle in heavy traffic. Motorists often fail to notice a motorcyclist on the road. This leads to a number of collision cases.
  • Cases of deliberate hostile action on part of motorists are very rare.
  • Many people complain about the weather, but it contributes only to less than 2% of all bike accidents.
  • Most motorcycle accidents have happened in short trip regions. A rider meets an accident not very far from the origin of the trip. Not many people understand that long distance riders rarely meet any accident.
  • More than half of all motorcycle accidents are also caused when a rider’s view is obstructed by other vehicles or excessive glare on the road.
  • Riders in the age group 16-24 years are most likely to become victims of such accidents.
  • The male population represents more than 95% of all motorcycle accident cases.

Getting The Best Insurance Coverage For Your Bike

Everyone wants to get the best coverage and most affordable motorcycle insurance coverage, while still being able to avoid financial troubles if they get into an accident.

Getting the right insurance policy for you is easier if you understand basics of such policies.

It is natural to get a little confused while exploring all the different insurance choices available for motorcycles.  If you are doing so for the first time, it is important to take a step back and not get overwhelmed.   Here are our guidelines to help you get the best motorcycle insurance policy:Understand the different types of coverage that you can buy. Bodily injury coverage, uninsured and underinsured motorist coverage, comprehensive coverage, and collision coverage are some of these. Before purchasing any of them, you should carefully read all terms and conditions. There is no point comparing two insurance policies without understanding more about each one.

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Research Add-Ons

Certain option coverage riders can be included as add-ons.

For example, with some insurance companies you may add roadside assistance, custom parts, and medical bill coverage to the policy. You can even add property and passenger cover. It all depends on the company that you are planing to use but we definitely know that a company called Youi can add this for you.

Do not buy policies that appear extravagant. If you do not want to cover yourself for guest passenger liability, you can just avoid it.A motorcycle claim is set in a particular system. For example, a motorcycle insurance with a system of 10/20/50 indicates that you will receive $10,000 in the event of an accident. The total amount given by an insurance company will not be more than $20,000. Also, the maximum amount of money given by the company for all sorts of property damages will be $50,000.Focus on comprehensive coverage policies.  These will provide the maximum protection. It will cover the cost of replacement or repair when the motorcycle is damaged due to an accident. Whether you are at fault or not, the comprehensive motorcycle insurance will pay for replacement and repairs.

Plan For Un/Underinsured motorists

The uninsured and underinsured motorist coverage will be helpful when the party at the fault during an accident does not have sufficient insurance to cover all damages.

If your bike is new or a classic model, the risk for financial loss is too high to ignore. So, there is no point riding a bike without insurance even if your state laws do not require you to have a certain minimum insurance.

Damage Liability Insurance For Bikes

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It is always a good idea to learn about the damage liability of a motorcycle insurance agency. Many motorcyclists are not even aware of the damage liability provided by their insurers. They just go for the cheapest motorcycle insurance available after purchasing an expensive motorcycle. In the long term, the lowest priced motorcycle insurance may not help a great deal if you are involved in an accident.

The damage liability of motorcycle insurance agency will matter a great deal on such occasions. Consider yourself in a situation when you are involved in a road accident. How will a motorcycle insurance policy protect you in such cases? In many states, motorcycle insurance laws generally include the damage liability. These damages can be related to the property as well as physical injuries to the motorist. However, it is always a good idea to ask your insurance agent about the maximum amount of property damage liability and personal injury damage liability insurance cover provided by a motorcycle insurance policy.

Purchasing motorcycle insurance policies without having a clear understanding of these liabilities and their maximum limit is not a good idea at all. Whether you are opting for an expensive policy or you just want to fulfill minimum requirements of applicable state laws in your region, it is important to understand the maximum and minimum protection provided by your motorcycle insurance policy.

Cheap Online Motorcycle Insurance Quotes

If you are going to work any day of the week you will notice the sharp rise in the number of scooters on the road.  If you live near or pass by a university campus such as the University of Utah or BYU you may be surrounded by scooters.

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Students are trying to save money.  Nothing new there, students are always trying to save money.  With the high price for gas many students are opting to purchase a scooter to save on gas.  You can also save on maintenance as compared to a car.  You might be also able to save on parking costs.  Where you should not try to save money is on insurance even though it will be much cheaper than car insurance.

If you are in an accident ona  scooter chances are you are going to be injured, sometimes seriously injured.  The minimum insurance required to be carries on a car is $25,000 in bodily injury coverage.  That means that is a minimully insured driver hits you his insurance will pay up to policy limits of $25,000 and then that’s it.  If your medical bills alone total $40,000 you are out of luck and left owing the difference of $15,000.  One easy and cheap way to guard against this loss is to purchase what is called underinsured (UIM) insurance on your own scooter policy.  Take the same accident where you are negligently hit by a minilully insured driver and your medicla bills are $40,000.  Their isurance policy would pay their limits of $25,000 and lets assume you have $50,000 od UIM coverage.  Chances are high that the UIM policy would also pay to you their policy limits – depending on the injuries, lost wages, pain and suffering.  You would receive $75,000 have to pay your bills of $40,000 and be left with $35,000.

Furthermore UIM coverage is cheap

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Another way to cover some of your medical costs in case of any accident is to purchase what is referred to as med pay benefits on your scooter insurance coverage.  You can purchase thousands of dollars of medical payments coverage for often only cents per thousand.  It is a cheap way to get insurance coverage to pay for your medical bills if you do not have medical insurance otherwise.Saving money is on everyone’s minds but if you ride a scooter be sure to carry enough insurance.