First, let’s talk about some of the things you should consider before shopping for motorcycle insurance:
Your Bike
The type of bike you drive will have the most to do with how much insurance will cost to cover it – and you. A small or midsize commuter motorcycle could cost as little as $200 a year to ensure; while a high-powered sport racer can cost five to ten times that much to insure. The reason is twofold: higher priced bikes cost more to repair in the event of an accident and the more power your bike has, the more likely you are to be involved in an accident in the first place. Those two things alone can send your premiums skyrocketing.
The Coverage You Need
Another thing that can affect your bottom line when it comes to getting solid motorcycle insurance prices is the type of coverage you need. Not every policy is equal and thus not every price is the same (or even close). Some of the more important things to consider when determining exactly the coverage you will need are:
Who will be riding on the bike. If you plan on being a sole rider then your premium will be lower. Of course, if you do not buy passenger insurance coverage, then you will NEVER be able to take a passenger along for a ride. Still, for those who ride alone, getting rid of those passenger premiums can save you a few bucks.
Whether or not you need comprehensive and collision insurance. Smaller, less expensive bikes can usually be fixed (or even replaced) much more cheaply when covering them with comprehensive collision insurance is. Compare the cost of the two and consider what the odds are that you will need to file a claim before dropping any coverage.
If you have a loan on the bike. If you borrowed money to purchase that dream cycle, then you may be required to carry a full line of coverage. See your lender for details.
What your state laws are. In some states every motorcycle must be insured with a standard package that includes passenger service; health coverage, and more. Your insurance agent should be able to easily outline the coverage you must carry by law and what coverage items you can waive.
source: insurancedefinitiontips.blogspot.com
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