Just as car owners must purchase car insurance, motorcycle riders must purchase motorcycle insurance (Allen, TX and Plano, TX included). The details of motorcycle insurance policies are often very similar to car insurance policies. Just as in a typical auto insurance policy, a motorcyclist’s policy will contain portions for the following: liability, collision, comprehensive, uninsured and underinsured motorists. A majority of states in the U.S. have instated a minimum when it comes to purchasing liability insurance for motorcyclists.
On a motorcyclist’s policy, the liability portion of the policy may include what is called guest passenger liability coverage. This is basically what it sounds like: it offers medical coverage to anyone who hops on the back of a motorcyclist’s bike.
Cost Factors and Tips on Saving On Motorcycle Insurance
The cost of motorcycle insurance rests on many factors. Some of the factors are: your age, the make and model of your motorcycle, your driving record, and where you live (or where you park your motorcycle at night). When it comes to saving money on motorcycle insurance, there are specific measures riders can take that will lower their rates. For example, a motorcyclist who participates and graduates from a ride-training program can save nearly 15% on their rates, provided that their driving record is also accident free