Basic motorcycle policies typically consist of at least liability coverage, while comprehensive or collision policies could help cover damage to your bike if an accident happens and are at fault.
Track day insurance costs extra and usually has age and license type restrictions, with any speeding tickets or motoring offenses increasing your premium accordingly.
Liability Only
If all that’s required of you is liability coverage, California laws mandate 125cc bike policies at as little as $75 annually. These policies cover property damage and bodily injuries you cause in an accident; they do not, however, cover personal injuries or physical damage sustained to the motorcycle itself; lenders usually require this in addition.
If your motorcycle is still being paid off in installments, comprehensive and collision coverage might be worth investing in; these policies typically offer coverage up to its actual cash value minus your deductible, personal accident protection and roadside assistance, medical payments for both you and your passenger, uninsured motorist protection as well as total loss coverage (which would cover for replacement costs if it is totaled).
As with auto and home insurance policies, your driving record can have a major influence on motorcycle insurance premiums. A record filled with traffic violations will most likely increase your rates; conversely, maintaining a clean record and receiving a motorbike endorsement could reduce them significantly.
Your type of bike riding will also determine your rate. Cruisers and touring bikes typically cost less to insure than sport bikes with increased accident risks, while engine size also plays a factor. Larger engines cost more to insure.
Shopping around and comparing quotes from multiple providers is the key to saving on motorcycle insurance, and several online resources can assist in this effort. Once you have collected quotes, take time to compare each provider’s reputation and policy offerings before selecting one that’s suitable. When making this choice, be sure to compare apples-to-apples; look at each company’s cheapest rate for an 18-year-old male riding a Honda Rebel 500 with full coverage – then make your selection accordingly.
Full Coverage
Full coverage motorcycle insurance provides both liability and collision/comprehensive coverages; its rates will likely be more expensive than liability-only policies; but having this additional protection could save your bike in case of an accident or theft.
California motorcycle law only requires liability coverage to get you on the road, which covers damages you cause to other people. Although this should cover you for basic liability claims, if you want more comprehensive protection of both yourself and your bike it would be wiser to opt for full coverage policies instead.
Geico motorcycle insurance stands out among its rivals by offering affordable rates and excellent customer service, and an efficient claims process with no time delays or penalties associated with it. Furthermore, Geico boasts an A++ financial strength rating from AM Best; getting a quote won’t negatively affect your credit score and offers customizable coverage options like accessories protection and carried contents/personal belongings coverage for bikes.
Beginner riders may benefit from purchasing comprehensive and collision coverage on their policy to provide extra protection for their bike. Full coverage covers repairs or replacement if it’s damaged in an accident or theft; additionally, it may pay to hire another one in case yours totals in an incident. However, full coverage may be more costly than liability-only policies depending on your riding habits and type of bike you have.
Full coverage typically includes uninsured/underinsured motorist (UM/UIM) protection to cover injuries sustained from driving an uninsured or underinsured vehicle. Minimum limits for motorcyclists include $15,000 per person and $30,000 in total coverage per accident – although you may add higher limits as additional safeguards.
Motorcycles are considered high-risk vehicles in most states, so you will likely require special motorcycle insurance if your driving history or involvement in an at-fault motorcycle accident warrant it. Other factors that affect motorcycle insurance rates may include where you live, age, gender and marital status.
Guest Passenger Liability
When transporting passengers on your motorcycle, guest passenger liability coverage can provide critical financial support in case an accident happens that is your responsibility. While this type of insurance isn’t required by all states, having it nonetheless may help cover medical expenses should the worst happen.
In the event of an accident, without this coverage your passengers would need to rely on their individual health policies – something which could become costly quickly.
Guest passenger liability coverage may be included on some home and renter’s policies, so it’s advisable to speak to your insurance professional to see if this coverage is included in your area. If it isn’t, add it onto your motorcycle policy for a small additional fee.
Other coverages to consider include collision and comprehensive, which provide protection in case your bike hits something or is stolen, and may provide roadside assistance benefits as well. Discounts to look out for include multi-bike discounts, organization membership discounts (like MCIA), mature rider discounts for experienced riders as well as multi-bike discounts ( which help cover repair or replacement costs when this occurs) plus mature rider discounts ( a perk which comes standard with most policies).
Bodily injury and property damage liability coverage will cover any injuries you cause to other people in an accident caused by you, their vehicles or belongings, which you’re at fault for. It’s essential to have high limits of this coverage in place as a safeguard against financial losses caused by being at fault; uninsured/underinsured motorist bodily injury coverage provides additional support in these instances where there may be no or very low limits of protection in place from at-fault drivers.
Guest passenger liability, personal injury protection and uninsured/underinsured motorist bodily injury coverage isn’t typically included with basic motorcycle policies; however, you can typically add these for an additional premium. When speaking with your agent about which coverage best meets your needs and budget – remember your driving record, credit score and state residency can have an effect – for instance in states with larger populations and higher demands, premiums tend to be higher than in those with fewer residents and lower demands for coverage standards.
Roadside Assistance
Roadside assistance coverage isn’t exclusive to cars; it can also cover motorcycles, boats and RVs. Roadside assistance typically covers services like jump-starting dead batteries, unlocking locks or fuel delivery as well as towing services. Depending on your plan you could get up to a certain number of free calls per year or an amount of miles covered by your insurer; some companies provide this as part of their policies while others offer it as an optional add-on.
125cc engine size is the maximum permissible engine size that a 17-year-old with a provisional license and CBT can legally ride legally on. These second hand bikes are very affordable to purchase, feature top speeds of 70mph and provide safe avenues of entry onto public roads for new riders.
These bikes are perfect for beginning riders as they’re easy to operate and don’t produce much power. Additionally, these nimble vehicles can cover 70-100 miles on one gallon of gas; with gas prices increasing annually this type of motorcycle can save a considerable amount over time.
People purchase 125cc motorbikes because it’s all they can afford at present, while other buyers find the engine size ideal for their lifestyles – for instance in cities where parking restrictions limit car usage or they simply wish to reduce commuter costs while saving money with reduced insurance costs and quicker commute times.
Bennetts multi-bike insurance covers up to six bikes under one policy and is rated 5-star by Defaqto; plus it comes with free membership of BikeSocial when purchased directly! If you’d like an estimate for insuring your 125cc motorcycle, head over to our website now and get a quote!
