How Does Motorcycle Insurance Differ From Car Insurance?
Did you get a new bike and now you’re wondering, “How Does Motorcycle Insurance Differ From Car Insurance?” A short explanation can be found below.
Motorcycle insurance, like car insurance is mandatory in all states if you intend to license and drive your bike on public streets and highways. Most people are familiar with car insurance and how it works. New cycle riders, however, are bound to ask, “How does motorcycle insurance differ from car insurance?”
Lower Prices
On average, a motorcycle is driven fewer miles than an automobile. This can result in lower premiums for motorcycle insurance. Another factor that influences the price is replacement value. Most motorcycles are less expensive to repair or replace than the average automobile.
Accessories can be covered
While add on accessories are not covered on most automobile policies, motorcycle insurance policies routinely cover accessories such as saddlebags, helmets and leather riding clothes.
Weather Damage is not Usually Covered
If a tree falls on your car during a thunderstorm or tornado chances are your policy is going to cover that loss. This is not routinely the case with a basic motorcycle insurance policy. If you feel this coverage is warranted it would be best to double check with your agent.
Custom work can also be covered
Many motorcycle enthusiasts like to customize their bikes. Car buffs will do so as well. The difference is that a motorcycle insurance policy can cover the repair or replacement of these customizations for a nominal addition to the premium. Customized automobiles often require customized insurance policies that come with heftier premiums.
Non use Periods
Most motorcycle insurance policies allow the rider to use a layup rider. Essentially, this allows you to suspend part or all of your premiums during winter months when it is unlikely you’ll be riding your bike.
Conclusion
So, how does motorcycle insurance differ from car insurance? Lower prices, coverage for accessories, lack of coverage for weather damage, coverage for custom work and the option to suspend premiums during winter months are five ways that motorcycle insurance differs from car insurance. Remember that policies and coverage vary between insurers. Be sure you understand what coverage is included in your motorcycle policy and that you have all the indemnity that you need.
Related posts:
- Where Can I Find Cheap Motorcycle Insurance?
- Can I Switch A No Claims Discount From A Motorcycle To Car Insurance?
- What Doesn’t My Car Insurance Policy Cover?
- How Do Car Insurance Companies Differ?
- Affordable Auto Insurance in Euclid, OH: Rates and Quotes
