If you are a motorcycle buff, you are in good company. Many people prefer motorcycles to cars, partly due to their flexibility, affordability, lower maintenance costs, and relatively cheap insurance. Read on for some of the basics you need to know about motorcycle insurance before committing to buying or even obtaining a motorcycle.
1. Motorcycle insurance is not just for motorcycles
If you have a moped or scooter, you may wonder if that comes with the need to buy some special type of insurance. As it turns out, most types of conventional motorcycle insurance plans can also cover scooters and mopeds. If you own a motorcycle and a moped or scooter, you can always buy coverage from the same insurance company and enjoy multiple-policy discounts and other benefits.
2. Safety feature installation can reduce your insurance cost
If you own a car, you probably know that installing safety devices such as braking assistance systems and airbags can lower your insurance premium costs. Even fixing your brake and reverse lights or investing in auto glass repair can increase your chances of getting a better deal.
You would be surprised to learn that this applies to motorcycle insurance too. By installing anti-theft trackers and other safety features, you can greatly minimize your premium costs and save yourself a fortune in the long run.
3. Various discounts suit different riders
No matter what insurance coverage you opt for, affordability should be a constant factor. One way to cut back on insurance costs is to use discounts, including homeownership discounts, loyalty discounts, multi-cycle discounts, and transfer discounts.
Make sure you are familiar with all of your insurer’s discounts before committing. Different insurance companies offer different sets of discounts which suit different motorbikes and riders.
4. You may get roadside assistance coverage from your insurer
Many riders don’t know that most of today’s motorcycle insurance plans come with a roadside assistance option for when their bike breaks down on the go. Additionally, a great deal of people who know about this option choose not to subscribe because they reckon they will not need it.
While the chances of a well-maintained bike breaking down abruptly are low, they are never zero. Roadside assistance can come in handy if your battery dies, if you run out of gas, if you get a flat tire, or if you lose your key somewhere in the wilderness. You may also receive assistance if you need to be towed to the nearest service station.
Insurance is one of the most complicated aspects of car and motorcycle ownership. However, with good knowledge of your insurance needs and the help of a reputable insurance company, you can be sure to get the perfect coverage at a cost you can afford.
The benefits above are some of the things you need to know if you are new to motorcycles and insurance. An insurance expert’s advice will help if there are specific or additional things you need to understand.