MOTORCYCLE INSURANCE

Motorcycle insurance. We don't like to think about it, but you can't ride without it. In certain states, you can't buy a new motorcycle without insurance.

SHOP AROUND
The more you shop around, the better your chances of getting a better rate. There a tons of insurance companies to pick from. I would start by asking your auto and home agent if they carry motorcycle insurance. If they don't offer it, try asking your friend or neighbor with the new Fat Bob what company they use. You might want to try getting free insurance quotes online. The Kanetix link below will give you free insurance quotes fast. Why not, it's free. If you're going to be calling for quotes, you'll need to have some answers ready for the agents or reps. Here's little heads up on some of the questions they will ask.

THE BIKE
Just like car insurance, a brand new bike is going to cost you more to insure.

PERSONAL LIABILITIES
Just like car insurance, your driving record and your age are factors. If you're younger or even if your older but are new to motorcycle riding, you'll probably have a higher rate. You can sometimes get a better rate on motorcycle insurance if you take DMV motorcycle classes.

WHERE YOU LIVE
If you live or work in a high crime or high accident area, you could pay more. They may ask if you keep the bike in a garage or other secure area. A bike that is in an unsecured area is obviously a higher risk.

HOW MUCH DO YOU RIDE
If you live in an area where the riding season is shorter, make sure you tell the insurance agent. If you live up north like me, your mileage will be lower and your rate should be less than someone who can ride all year.

Lets look at types of coverage.

FULL COVERAGE
This will cover you and your property in an accident, whether it was your fault, someone elses, or "no-fault". Full coverage extends to your passengers.

3RD PARTY LIABILITY
This covers other people and thier property if the accident is your fault. Your insurance company pays for the damage to the other partys' property instead of you. It doesn't cover damage to your property. Most states require at least liability insurance on your motorcycle.

Having a good insurance plan is a must. Know the basics and you'll make the right choice.

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