Author Login | Popular Articles | RSS Feeds | Sitemap

Home | Finance | Insurance


Motorcycle Insurance- How Much Should I Spend?

By: Brooke Hayles

James Bond is a few of the men to walk away from a motorcycle accident without so much as a scratch. Studies conducted by the National Safety Council in the U.S estimates that a motorcycle accident seriously injuring at least one person occurs once every fourteen seconds. Another study by the National Insurance Crime Bureau Statistics reveals that there is an alarming rise in the theft of motor vehicles especially motorcycles. What is more alarming is that only 20-25% of the stolen bikes are ever recovered.

Motorcycles are small and relatively light, some are compact making it easy for the crime of theft to occur. A fire, explosion or flood is all it takes to destroy your dream machine. So, in a nutshell you would be a fool to even think about skipping motorcycle insurance. Many states in the U.S even make it mandatory.

Motorcycle insurance will cover liabilities for:

* Injuries to yourself and/or any co-passenger
* Damage to other people or, of their property
* Damages arising from fire, theft, falling objects, hail or even contact with animals.
* Accidental damage to your motorcycle
* Loss or damage of any personal items or safety apparel, so your investment in leather, helmet and gloves may be safe.

In addition to these, 'comprehensive' motorcycle insurance will also cover medical expenses, which include your transport to a hospital and may include any physical rehabilitation after the injury. You can also opt for optional insurance for towing and roadside assistance coverage that may come handy when you are away from home.
In spite of all these advantages, bikers usually grumble and gripe about the soaring costs of motorcycle insurance. One of the main reasons for this unprecedented rise in motorcycle insurance premiums is the kind of bikes that are available today. The new high-tech, swanky bikes cost almost as much or even more than a second-hand car.

Another crucial factor that decides how much you have to pay is the size and power of the bike. Once you hit the 1,000cc mark, motorcycle insurance costs will increase. Cruiser style bikes are less expensive to insure than the flashy, high performance sports variety. Every year, we see new accessories and gadgets being added to bikes. Add to these certain other factors, like the climbing cost of litigation, falling stock markets, higher numbers of claims, etc. and you can see that motorcycle insurance will continue its steady climb upwards. Motorcycle insurance is not only smart, it is absolutely necessary and how much you spend on your motorcycle investment is entirely up to you. Count the cost, the risks and the worth to you personally. Then decide what company you will insure with.

Another tricky thing about motorcycle insurance is that it usually applies ONLY to your own bike. This means that if you are riding somebody else's bike, you are not covered by your own insurance. Every state may have its own rules regarding this. Many youngsters also automatically assume that if they are riding the family bike, they will be automatically covered by the motorcycle insurance. This also needs to be checked out before you can be sure.

So, how much motorcycle coverage do you need? Well, how much can you afford? Since the motorcycle is the most vulnerable speed machine on the road, it is that much more dangerous. So, you need all the cover that you can get.

There is no reason to get robbed or ripped off, your bike or through motorcycle insurance. Examine your options, know what your purchasing and know clearly how much you personally will need to spend on your motorcycle insurance.

Summary:

How much motorcycle coverage do you need? Well, how much can you afford? Since the motorcycle is the most unprotected speed machine on the road, it is that much more dangerous. So, you need all the cover that you can get.

Article Source: http://www.articlesnatch.com

About the Author:
Author: Brooke Hayles
Check Out More Helpful Information About Motorcycle Insurance For FREE!
Visit Motorcycle Insurance Vault now!

| Print | Ezine Ready | |

Recent Insurance Articles

  • Reasonable Health Insurance Plan By: ChristopherDeNorch - As the human civilization has developed over a long period of time, rapid advancement has made the life of an average human being very busy. As opposed to ancient times when every individual was taken care of by the local authorities, with the expansion of states and territories every man has to think for himself.
  • Aetna AARP Health Insurance Come Together to Reach Out to Members By: Ronnie Hamilton - Just as recently as the spring of 2007 Aetna and AARP have joined together to form a new type insurance offered from Aetna to AARP members between the ages of 50-64. Though this new insurance program members will be offered new cool products and different types of insurance directed to members. This is a new idea for Aetna, dealing with people who are in the early stages of retirement but in most cases aren’t retired.
  • United HealthCare Health Insurance Will Save You Money at the Doctors Office By: Ronnie Hamilton - To have your loved ones insured is one of the most important things that a person can do for both their family, as well as themselves. There are millions of people living in the United States today who are uninsured and are risking their lives everyday by not seeking medical care because it is too costly because they are not insured.
  • Innovation Will Continue to be the Key to a Successful Insurance Business Model By: James Cochran - In today’s global economy innovation will be the key to survival for any industry. It is especially necessary for the insurance industry, which until this point has primarily focused on optimizing its products, processes and services rather than injecting real innovation into the business models. With a record number of small businesses operating from various pockets of the world, the idea of globalization has taken root, completely changing the needs of small business owners.
  • Deposit term life insurance: no need to pay money simultaneously By: daryl stewart - If you take decision to buy whole life insurance, which is very complicated? After it definitely you will think another way that is a new form for life insurance that is also known as life insurance no medical that has recently been introduced to serve up the customers need. There are some examples for life insurance no medical policy. 1.
  • Aetna Family Health Insurance - Take Care of Your Family By: Ronnie Hamilton - Many people would never forgive themselves if they allowed something to happen to their family. For people who are uninsured this should be a serious concern, for people who are uninsured the cost of medical bills if a family member was to get injured can be unbearable. As a family member you want to do everything in your power to help your family, and when money is tight it is very difficult to follow through. Families come first.
  • Blue Cross Blue Shield, Helping People in All 50 States By: Ronnie Hamilton - Every year millions of students graduate college and begin to start their own lives, one of the biggest worries that these students face is their health insurance coverage. Many students and parents believe that the parents health insurance will cover their children once they leave for college when in reality if a student is over the age of 18 and not a full time student they may not be covered by the parents health insurance.
  • Car Insurance quotes By: Esteri - Finally you felt pleased after your savings or that auto loan enabled you to own your own car, but this is not the end yet. If many auto owners would be asked for their opinion about car insurance quotes, they would reject it on grounds of cost of money and time taken to obtain one. Oh unto them who won’t follow the government directives on insurance, they will surely be caught and punished for this!
  • Individual Health Insurance Texas, an Inexpensive Way to Be Insured By: Ronnie Hamilton - Individual health insurance is a type of insurance that one person buys independently. The amount of coverage they receive depends on the person purchasing the individual health coverage, they can get anywhere from full coverage to pay per visit coverage. You can purchase individual health insurance from almost any insurance company in your state, but each state regulates how the individual policies are sold.
  • Affordable group health insurance rates are normally paid by employer By: Ronnie Hamilton - Group health insurance has been one of the greatest things that has happened to families in the past few years, group health insurance gives entire families health insurance coverage because one of the family members has insurance at work, and through that one person the entire family can receive coverage. This type of health insurance can be very helpful for families where there is only one parent taking care of the family or only one parent working.

Search Ebay

Still can't find what you are looking for? Search for it!


Submit Your link to the Open Link Directory Project

Copyright 2005-2008 MJE Sales, LLC. All Rights Reserved.
Proud member of the ArticleCkr Search Network Search Network!
ArticleSnatch.com is free for both publishers and authors to use and is supported entirely from advertising revenue.
Use of our service is protected by our Privacy Policy and Terms of Service.