What kind of insurance coverage should I get for my motorcycle?
hunior asked:
I have pretty much decided to get an SV650S as my first bike. Right now I am reasearching insurance coverages but am pretty much clueless. I don’t know what coverage to get. This will be my first bike and I have very little experience riding. I have taken an MSF course and live in Los Angeles Area. I guess I am not looking for a particular insurance carrier(although it will help), I am looking for an explanations of the coverages so I know what to get.
I am paying for it in full.
I have pretty much decided to get an SV650S as my first bike. Right now I am reasearching insurance coverages but am pretty much clueless. I don’t know what coverage to get. This will be my first bike and I have very little experience riding. I have taken an MSF course and live in Los Angeles Area. I guess I am not looking for a particular insurance carrier(although it will help), I am looking for an explanations of the coverages so I know what to get.
I am paying for it in full.
Tags: Bike Insurance, Clueless, Msf Course
February 19th, 2009 at 7:25 pm
get a million dollar life insurance policy too as your survivor will need it
February 19th, 2009 at 9:02 pm
u would want to insure your bike the same way u would insure your car. make sure you’re liability limits are higher than your personal assets (house, cars, savings, etc.) so if u were ever sued none of these could be taken from you. if it’s a new bike you’ll probably want comp and collision on it too. also, if anyone is going to ride on the back, make sure u carry passanger hazzard. this protects u if your passenger ever sued u for injuries they sustained involving an accident on your bike. call around f/ the best rate for you, or call a local agent who can help you more with your coverage concerns. hope this helps!
February 22nd, 2009 at 1:07 pm
are you paying the bike in full or payments? payments= you will need full coverage….. Paid in full = if you dont care abt the bike if you total it, then just liability. as for liabilty, you should get as much as you can afford. it will pay the other driver/person enough without having them to sue you for the rest in an accident.
February 25th, 2009 at 10:30 pm
Depending on the year of the bike and whether or not you have a loan on it.
You will have to carry Liability Insurance on it. I would recommend limits of 100/300/100. Take Medical payments of a minimum of $1000. If they have higher limits, go up to 3 or 5k. If you have a lein/loan on the bike you will have to take out Comprehensive and Collision coverage. Comprehensive is inexpensive compared to Collision. Get a lower deductible for Comprehensive (covers theft, vandalism, acts of nature). Get a Collision deductible of $250 or $500. You will also need Uninsured Driver coverage – I would suggest 100/300. You may also get Underinsured Driver coverage @ 100/300.
It all comes down to cost comparison. Do not drop coverage because of price.
February 27th, 2009 at 11:04 am
Minimum legal (basic liability insurance) is what I have.
a) My motorcycle is worthless, so if you steal it, God bless you.
b) Any crash is probably going to kill me, so I won’t be around to make an insurance claim anyway.
c) “Uninsured driver…” see “worthless” above.
I’m with Progressive. Some of the other people here are with Geico.
March 2nd, 2009 at 9:09 pm
First thing is, are you paying cash for the bike or financing it? The reason for the question, is that if you are financing it, the financing company will TELL you what insurance you must have in order to get them to finance it. If you are paying cash for the bike, then it’s your option. Most states, there is a minimum requirement for liability. Again, in most states, if you ride a motorcycle, you can purchase medical coverage for yourself. This will help greatly, then since the only other coverage you can get is collision and comprehensive. The only other insurance I’d purchase is theft.
March 5th, 2009 at 6:54 am
please try this
help!