Know The Basics Of Motorcycle Insurance

No matter what kind of motorcycle you ride it is essential to have sufficient insurance

. It is enticing to take out the cheapest insurance possible. In the UK this would be third party insurance. Legally, this is the most basic insurance any rider is allowed to have while using public roads. However, third party insurance only takes care of the damages you inflict on another vehicle. Third party insurance does not cover any of the costs due to damage to your own bike.

There are many different kinds of bikes and motorcycle insurance depends on the use of your bike. There are bikes used for long distance road travel, short distance road travel, competitive riding, dirt road riding and more. Even if you want to ride a scooter you need to take out insurance. Of course, the less danger there is, the cheaper the monthly premium. A bike used for dirt road riding is going to incur a higher monthly premium than one simply used to get to and from work on a public road.

It is advisable to opt for more than third party insurance. This is the only way to be one hundred percent certain you will not have to pay for damages or the replacement of your bike. If you buy a new motorcycle on terms from a dealership you are obligated to take out sufficient insurance cover. This is because the bank owns your motorcycle until you have fully paid for it. However, because driving with insurance is a legal requirement you are responsible for arranging insurance if you buy a bike from a private seller.

If you need to keep your costs as low as possible t makes sense to choose a motorcycle that won't hike up your insurance premium. For example, it may be your heart's desire to own a Harley Davidson. Even if you know someone who is selling a Harley really cheap you will still pay more for insurance. Compared to a standard kind of bike the Harley is regarded as a premier motorcycle. It costs a lot to replace such a bike and it also costs a lot to repair it.

You don't have to accept a standard motorcycle insurance policy. You have the right to negotiate a better premium payment. You do this by advising the insurance provider of reasons why you are not a risk to them. The insurance provider wants clients with clean driving records so if you fit this category ask for a reduction. To a provider, a clean record means there is a very low chance of your having a reckless accident and having to claim from them.

Another reason to request a reduction is if you have a safe and secure facility for the storage of your bike. There are riders who only use their bikes occasionally. A bike that spends most of the time under lock and key provides a very low risk to the provider. You will get a lower premium than a person who uses their bike every day. Your motor insurance policy must fit your needs.

by: Christopher Reinhold

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