Buying motorcycle insurance isn’t only wise, it’s could also be a good investment, a report from the National Highway Traffic Administration shows that from 1975 to 1999, more than 38,000 people have died while riding a motorcycle. The number of those who were injured is much higher and many have motorcycle broken or can’t used after accident.
Some factors that could affect your motorcycle insurance coverage are:
Your motorcycle’s market value:
Always ask about insurance before buying a new motorcycle. You need some information from your dealer or supplier whether your new motorcycle is covered or not.
Types of motorcycle have difference market value: cruiser, touring, sport and scooter, souped-up bike will cost more than that of a regular motorcycle.
Your age:
If you are younger, you will usually pay more because young rider not have experience and ride with high speed, its high-risk to make the accident. If you’re older and have more riding experience, your rate could be much better.
Your residence locality :
Where you live will also factors into your insurance payments. High-risk addresses where there’s a higher probability of crime, theft and vandalism or accident will mean higher rates.
Your activity:
Where you take your motorcycle on a regular basis will also affect your insurance payments. For example, bringing your motorcycle to work in a construction site could raise the rates.
Usually, your regular motor insurance company will provide enough insurance coverage and options for you, but you might want to check out insurance coverage specific to motorcycles to see what your options are.
Call as many insurance agents as you can to have a better look at the coverage and rates that’s available, because rates do vary. If you are a beginner, start with a good, simple motorcycle insurance policy. This will increase your chances of getting advanced policies later on, and you can saving your money.
