Why You Need Motorcycle Insurance

Why You Need Motorcycle Insurance

According to Thinking Machines which is a Data Science Consultancy, bikes rank as the most vulnerable transport mode. A motorcycle has a 52 percent more likelihood of causing a fatality when compared to others forms of transportation. The lesser the wheels, the higher the risk of accidents and fatalities. This is why riders need motorcycle insurance. If you are contemplating on getting motorcycle insurance, here are compelling reasons why you should.Motorcycles are more susceptible to theft and damage

According to the National Insurance Crime Bureau, only about 30 percent of bikes are recovered after they are stolen. This is in comparison to 65 to 70 percent for cars. These statistics are not surprising because it is very easy to steal a motorcycle. As evidenced, riders need to take better care of their motorcycles. The best form of protection is to obtain motorcycle insurance.

Due to the higher risk associated with motorcycles, you need to keep your insurance premiums low. There are several measures and precautions you can take to avoid paying more than is necessary.

Enroll in training classes

Enrolling in a motorcycle training course does not only make you a better rider, but you can also get a discount on your premium fees. Training gives the insurance confidence in you. These training courses are particular ideal for young riders or people who have just been involved in a motorcycle accident. This discount can be applied over time during the life of your motorcycle insurance https://www.youi.com.au/motorcycle-insurance.

Become a “preferred motorcycle operator.”

A “preferred operator” is the name given to a driver who has a clean driving record. This means very few ticket violations, few accidents, and no DUI charges. It is important to note that the definition of a “preferred operator” may vary from one company to another. Some insurance providers are more lenient while others are strict. Most providers will offer discounts to drivers with a clean driving record.
Pick the right cover

There are three main types of covers for motorcycles. Third party motorcycle insurance is the minimum cover that every operator needs to have. This insurance policy covers injury or damage to a third party. It is crucial to remember that this cover does not cater for your own personal injury or damage to your bike. This means that your bike is not insured in the event that it is stolen or catches fire. Third party fire and theft motorcycle insurance covers your bike in case it is stolen or catches fire. For maximum peace of mind concerning your bike, you need a fully comprehensive motorcycle insurance. You can compare motorcycle insurance quotes to get a fair cover. In as much as you look for fair quotes, ensure that you do not compromise on the level of coverage.

It is also essential to note that, high-performance machines attract higher premiums. If you are choosing a new bike, factor in the cost of motorcycle insurance. Top of the range bikes also attracts theft more than standard bikes hence the increase in the cost of insurance Youi.

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