By Agus Wahyudi

Buying insurance for your bike isn’t only wise, it’s could also be a good investment. Some factors that could affect your motorcycle insurance coverage are :

Your bike’s value

Always ask about insurance before buying a motorcycle. Your dealer or supplier should be able to inform you whether your new bike is covered or not. Usually, insurance for a later model, souped-up bike will cost more than that of a regular motorcycle.

Your age and home address

If you’re younger, you’ll usually pay more. If you’re older and have more riding experience, your rate could be much better. Where you live will also factors into your insurance payments. High-risk addresses where there’s a higher probability of crime or accident will mean higher rates.

Your job and driving history

Where you take your motorcycle on a regular basis will also affect your insurance payments. For example, bringing your bike to work in a construction site could raise the rates. Your past driving experience will also have an effect on your insurance payment, regardless of whether or not you’ve driven a motorcycle before.

Usually, your regular motor insurance company will provide enough insurance coverage and options for you, but you might want to check out insurance coverage specific to motorcycles to see what your options are. Full coverage can be quite expensive and very often, only provided for high-end motorcycles.

What your insurance should have

Ideally, your insurance should include the following: passenger, collision, liability, no-fault, uninsured and service coverage. Another insurance coverage that you might want to consider is medical, which will cover medical costs in case of injury and hospitalization.

You might also want to get insurance for bodily injury. This covers your liability in case you cause a collision that resulted in another person’s injury or death.

Mind the cost

Shop for at least three insurance quotes before deciding on one. Call as many insurance agents as you can to have a better look at the coverage and rates that’s available, because rates do vary.

If your motorcycle mileage is low, you could get better rates. Using your motorcycle only occasionally could get you a better insurance deal. You might also want to take a DMV class that specializes in motorcycle training. Once you get your certification, you might just be able to haggle with your insurance company for a better price.

Comprehensive coverage can be quite expensive, although it will cover instances of theft, vandalism or total wrecks. You don’t want to overpay your insurance, but if you think you are at a high risk of having your motorcycle damaged or stolen, you might want to get a comprehensive/collision coverage.

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