Wednesday, June 9th, 2010...5:47 am

Bike Insurance Explained

Like any vehicle on the road a motorcycle needs to be covered with insurance. This is primarily for the safety of other people, if you cause an accident you need to be able to pay for the damage. Because bikes cause so much less damage than cars they are cheaper to insure, which is one of the great advantages of owning a motorcycle. If the advantages of a bike make you decide to run out and get one it is important to remember that bike insurance works a little bit differently than car insurance. For the most part bike insurance and car insurance are the same but there are some important differences that need to be kept in mind. We spoke to Carole Nash Insurance Consultants for an overview.

Bike insurance really isn’t all that different than car insurance, the primary purpose is to protect other people in the event that you cause an accident. This is done through liability insurance which you are required by law to have. This is to pay for the medical bills of any people that you injure and to repair any property that you damage. Like car insurance you can also get insurance to cover the cost of repairing any damage that occurs to your bike or if your motorcycle gets stolen. You also have the option of getting insurance to cover you in the event that you are injured in an accident caused by a driver who doesn’t have insurance.

bike blurThere are a couple of differences between bike insurance and car insurance, the biggest is that bike insurance doesn’t cover the rider or any passengers. An insurance policy on a car will cover any injuries suffered by the people in the car in the event of an accident, this isn’t true for motorcycles. In order to cover the rider and the passenger additional coverage is required. Because of the likelihood of injury in a motorcycle accident this insurance can be quite expensive, however it would be foolish to ride without it.

Because bikes do less damage to other people in an accident they are normally quite a bit cheaper to insure than cars. The biggest expense to the insurance company is the liability coverage, since the most likely person to hurt in a motorcycle accident is the rider this means there is less liability insurance to pay out. This savings however is largely offset by the need to buy personal injury coverage for the rider and any passengers, since injury on a bike is quite likely this insurance tends to be quite expensive.

The last thing you want is to find out after an accident that there are differences between car insurance and bike insurance. You need to know what these differences are so that you make sure that you have the proper coverage. Otherwise you could end up learning about the differences in a very expensive manner.

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