Cheap Motorcycle Insurance

In the first part we covered some of the basics of motorcycle insurance issues. This section will focus on some of the motorcycle insurances that are available to the public. We will also go over some specific coverage and what they offer as well as define some common term. Some are mandatory and some are optional at the discretion of the driver.

Types of insurance –
As mentioned above, it is illegal to drive without state specified insurance coverage. The insurance is in place to cover specific costs that arise from accidents. The areas where the coverage is applied depends on the insurance, who is at fault and how much insurance is in place.

Underinsured coverage –
This is coverage that protects you in the event that your are involved in an accident and the other party doesn’t have enough insurance to pay for the damage.

Uninsured coverage –
This type of coverage covers you if the person you got into an accident with just doesn’t have any insurance at all. Your medical bills as well as lost wages would also be taken care of.

Bodily injury and property damage liability insurance –
This insurance for motorcycles is required by law in most states in America. The amount per person as well as per accident varies by state but the minimum amount is approximately $10,000. If you are found to be at fault, your coverage will pay. What’s covered is medical bills due to the accident in question, damage to property, as well as lost wages. That goes both ways. If you are not at fault, then their insurance pays for the cost assuming they have insurance at all.

Collision Coverage –
This is simply insurance that will cover the cost of damage done to the motorcycle during an accident or collision.

Accessory Coverage –
Commonly referred to as Custom Parts and Equipment or CPE is coverage that covers for added parts and accessories that weren’t apart of the motorcycle when purchased. Examples would be helmets, stereos and sidecars that were purchased after the motorcycle left the dealership.

Motorcycle Roadside Assistance –
This is a helpful insurance to have in the event of an emergency while riding. If you have problems while you are on the road with your motorcycle they will assist. Coverage may be fixing a flat tire, towing of your motorcycle, giving you a ride, jumpstarting your vehicle etc. The prospect of being stranded in a strange area on the side of the road at night makes this insurance a must.
Personal injury protection insurance – Commonly referred to as PIP, covers you and/or your passenger regardless as to who was at fault in the accident. What personal injury protection insurance may cover for motorcyclist is; home health aides, health insurance deductibles, pain and suffering, co-payments, doctor’s visits, hospital stays, dental care, prescription drugs, funeral costs, lost wages, psychiatric visits and/or child-care expenses.
Something else that should be considered is what’s known as blanket coverage. This simply means coverage for several items at once. In this case multiple motorcycles. If you have different styles of motorcycles that an insurer provides coverage for, you may want to have them all go under one policy instead of having multiple policies or policies from separate companies.

Conclusion –
With the abundance of information communicated in this article you should have a better understanding of some of the terms used with motorcycle insurance. You now know what PIP, CPE and collision coverage are with no confusion. The ground work of the research has already been taken care of for your benefit. If you remember this information and do further research then getting the best motorcycle insurance that suits you should be a breeze.