How does the motorcycle insurance work!?

6 Comments

1. Glen W says:

   May 8, 2010 at 12:00 am

   Just like car insurance something happens they pick up the tab.
2. island3girl says:

   May 8, 2010 at 12:18 am

   same as car insurance for the most part. if you take a motorcycle safety foundation course your insurance company may give you a reduced rate for your motorcycle AND auto insurance, plus it doesnt hurt to hone your skills and get some serious preventative training
3. jon_clements2008 says:

   May 8, 2010 at 12:21 am

   i know being it says ninja it will cost more i have a 250 ninja and its more than my dad 1500 cruise bike cuz it says ninja and its manly just like car insurance but for a bike
4. lucky_777sevens says:

   May 8, 2010 at 1:02 am

   You are looking at a sportbike so its already going to be high, and if you are financing you will have to get full insurance. That being said:

   Liability is the cheapest and mandatory version of insurance. It is based solely on where the vehicle is stored. Unlike a car you can have the insurance bill sent to your home and have the rate based on where you keep the bike (ie your moms house)
   Also the # of cc’s is a huge factor. The difference between a ZX6 and a EX500 is ridiculous.

   Comp and collision are mandatory if you are financing. Of the two comp is the more inexpensive because the chance of you getting into an accident is more than it getting stolen. Again location plays a role.

   The MSF takes away 10% off the insurance. Being under 21 spikes it up a large amount. Under 25 less so. And over 25 is standard rates.

   Try a private insurance comp first as they will have a better chance of giving you a lower rate> Just dont expect them to pick up the phone at 2 am.

   good luck.
5. Rainmaker says:

   May 8, 2010 at 1:59 am

   Bike Ins. varies based off the street bike types. Cruiser,Sport tour, tour, standard, and Sport. There are other great bikes out there that do not fall under the sport bike categories like the Suzuki GS500.Before you buy it call your insurance company and ask them what your payment will be and what bikes they consider sport. If you buy the bike new and it’s less than $5000 you will not need full coverage. I have a 2000 Honda VFR 800 and pay $20 a month, My 2004 Honda Shadow 750 was around $24 dollars for full coverage and a Honda CBR was gonna run me about $140 a month for full coverage. I am 33 with an OK driving record. Do your research.
6. Bebsa says:

   May 8, 2010 at 2:35 am

   If it is a newer bike, definitly add comp/coll. Many companies are offering disappearing deductibles, that is deductibles that decrease the longer you have the policy so check that out. Collision covers a collision with a moving object, like a tree or another vehicle. Comp covers theft, vandalism, things like that. Also if you have a lot of custom parts on your bike, look to add an endorsement to cover the full price of the custom parts. Custom parts are any parts that do not come stock. The last thing you’ll want is to have that $6000 custom paint job ruined when you bike falls over and you find your policy only covers $1000 of it, be mindful of custom parts. Also be sure to add uninsured/underinsured motorist injury coverage if possible. I am a claims adjuster who specializes in Motorcycle claims, let me tell you, if you get hit by someone on a bike and have to spend several months in the hospital, the last thing you want to hear is the person can’t even pay your out of pocket medical bills let alone your missed work, inconveniece, etc. Spring for um/uim, this coverage is used often in motorcycle accidents.