Before You Ride: Motorcycle Insurance Explained

There's nothing like a road trip during the winter months. Whether it is a moped, motorcycle, or motorized bike, no matter what you ride, your bike will go exactly where you want. Here is a guide to motorcycle insurance you should check out before going out.

Motorcycle insurance is a necessity

Texas' motorcycle insurance rates are determined by their age, riding experience, and the type of bike they ride. The insurance requirements in your province or territory can be found by contacting your insurer.

There are several standard coverage items included in a motorcycle insurance policy, including:

• Benefits after an accident

Whether or not you were at fault for causing the accident, this insurance covers medical treatment, income replacement, and other benefits to aid your recovery. 

• Direct compensation property damage (DCPD)

If you are in an accident that is not your fault or partly your fault, this coverage protects you from damage to your vehicle. Unfortunately, there are not all provinces where DCPD is available.

• Liability of third parties

This coverage safeguards you if you cause bodily injury or property damage to another person's property. If your policy has a liability portion of an accident portion, contact your insurer to determine whether your passenger is covered.

• Coverage for uninsured motorists

Protects in case you are killed or injured by an uninsured motorist or by a hit-and-run.

• Providing comprehensive coverage

As with collision coverage, your insurance company will pay for damages caused by events other than a collision, like fire, theft, or vandalism. Like collision coverage, your deductible will be deducted, and the motorcycle will be covered only up to its book value.

• Insurance coverage for customized motorcycle parts

In many comprehensive and collision policies, you will only have coverage for the standard factory parts on your motorcycle, or you will have limited coverage. Therefore, you should check with your insurance company to determine coverage limits before adding any optional accessories, such as chrome parts, custom paint jobs, trailers, or sidecars. 

Tips for saving money on motorcycle insurance

• Consider all your options

Obtain the best coverage at the best rate by shopping around and comparing coverage and deductible amounts. Make sure you are comparing the same deductible amounts and coverage.

• Ask for a discount

Check with your current car and home insurance provider to see if you can reduce your rates by bundling both. Other discounts might also be available.

• You should increase your deductible

Higher deductibles can reduce your premiums if you can afford them.

• Collision coverage can be dropped

A motorcycle with a low replacement cost and an older model may not need collision coverage. This means if you are at fault in a collision or some other type of accident, you will not cover damages to the bike, so make sure to speak with your insurance company before taking the plunge.

• If you have a policy, don't cancel it in the winter

The rates won't be cheaper, and your motorcycle will not be covered if damaged while being stored. Plus, you will be covered if you decide to ride!

• Description of make and model

Motorbikes that are newer, faster, or more valuable are more likely to be stolen, and their repairs are also more expensive, resulting in a higher insurance premium.

• Be sure to keep a clean record

In general, riders with a poor driving record or younger ones will pay more for insurance.

• Make sure your bike is secure

By storing your bike in a locked facility and installing an anti-theft device on it, you will see a reduction in your insurance premiums.

Tips for riding safely and without claims

• Be sure to check your bike before you ride it

Be sure your motorcycle insurance is up to date and that your tires, brakes, and oil are in good condition.

• Protect yourself by wearing an approved helmet

Helmets prevent both motorcycle riders and passengers from being killed in collisions. And if the helmet has been in an accident, throw it out after checking its expiration date.

• Pay attention, especially at intersections

Intersections are more likely to cause motorcycle accidents than any other place on the road.

Final Verdict

Isn't it exciting and fun to ride your brand-new bike? However, buying the right policy is crucial if you want to ride without worrying. Depending on your experience and budget, there are many different insurance policies available at TX Insurance Quotes. Our motorcycle insurance options are designed to assist you in finding the right one that perfectly fits your needs. So don't wait any longer. Get covered today.