How Car And Motorcycle Insurance Differ.

If you have recently purchased a motorcycle or are thinking of changing your insurance carrier from your current bike insurance policy here are a few tips to help you choose the right policy and carrier.

It is a common misconception that car and motorcycle insurance policies are created equal. While the general purpose of these insurance policies in the same, to protect you and your vehicle, they can differ greatly in the details. Some carries for auto insurance don’t cover motorcycles. If you currently have your car insured with one carrier and your motorcycle insured with another, finding an insurance company that covers both can reduce your overall premiums for both vehicles.

Contrary to popular belief motorcycle insurance is not generally more expensive than car insurance. Given the potentially hazardous nature of riding an open-air vehicle such as a motorcycle, insurance companies typically keep premiums low for motorcycles. As with car insurance there are certain discounts that can be applied to your policy. States that have a helmet law boast lower insurance premiums but some carriers have a “helmet promise” form that you can sign that can reduce the cost of your policy. This form states that you agree to wear a helmet at all times while riding the motorcycle and if you are in an accident and do not have your helmet on they can deny coverage.

Another way car insurance differs from motorcycle insurance is with state laws. Some states require more than liability insurance for motorcycles whereas most states have liability only requirements for cars. This stems from the potential for personal injury to the rider if there is an accident with a motorcycle. According to the National Highway Transportation and Safety Administration at least 45 percent of motorcycle fatalities were due to single vehicle crashes. This means that almost half of the deaths from motorcycle accidents involve only one rider. Because there is such a high potential for injury and fatality with motorcycles liability insurance might not be the best choice. Also, see full coverage vs. liability.

A comprehensive bike insurance policy that offers coverage for the rider as well is the best bet.  A comprehensive policy for a bike works on the same principal as for a car. With a comprehensive policy you are covered if you are in a single or multiple vehicle accident. Damage to property, personal injury, and injury of another driver is also covered. A deductible must be reached before the insurance policy pays out. The lower the deductible the higher the premium the lower the premium the higher the deductible. Depending on the value of your bike choosing a lower deductible might be best.  There are those who are experts in the industry who will insist that you obtain at least three online quests to get the best deal.