Did you know that more than 12% of people on the road in the United States didn’t have motor insurance in 2019?
If you drive a motorcycle, insurance is even more important to have. Without coverage, you can be responsible for large repairs and replacements.
To be prepared you must get insurance coverage. Unfortunately, there are a few errors you can make along the way.
Continue reading to discover some of the most common motorcycle insurance buying mistakes people make!
1. Overlooking Your Needs
One of the worst motorcycle insurance buying mistakes people make is overlooking their needs.
Not identifying what your coverage needs are can result in you wasting money on coverage you don’t need. It can also lead to you not having coverage for situations you encounter on the road.
The value of your bike and where you live should get considered during this time. Think about how often you ride and if you intend to use your bike as your primary mode of transportation.
2. Assuming You’re Covered
If you haven’t read the options for insurance policies, you may assume that you’re covered for something when you aren’t.
A personal auto insurance policy doesn’t have the same coverage as motorcycle insurance policies. If you want to be fully protected on your bike, don’t assume. Ask questions when you speak with your motorcycle insurance provider so that you know what you are responsible for.
3. Selecting the First Company You See
Although you might need quick coverage, you should always research your options, and find more than one.
Comparing insurance costs and quality of service will help you find the most suitable policy for your needs. Many people recommend reading online reviews to learn about insurance companies, or you can learn more here to make a choice.
Try to find at least 3 insurance companies when you start your search.
4. Thinking It Won’t Happen to You
Some people have a mentality of assuming things (like accidents) won’t happen to them and find themselves unprepared.
When you are searching for insurance coverage for your motorcycle, you need to think about the chances of causing an accident. If you are at fault and getting sued, certain insurance policies can help you.
Liability coverage should be a priority. Most states require you to have liability coverage by law.
5. Buying the Cheapest Choice
Bills and gas are increasing, resulting in more people buying the cheapest insurance policies.
Although it can be tempting to save a few bucks on your insurance, this mistake could cost you more in the end. The policy you get might not include the coverage you need, and you’ll have to pay more out of pocket if an accident occurs.
You don’t have to look for the most expensive option. Try to find the average prices in your community to determine your best options.
Don’t Make These Motorcycle Insurance Buying Mistakes
Learning about the motorcycle insurance buying mistakes that others have made can help save you time and money.
Since not all motorists have the same habits on the road, you need to identify your needs to get the right policy. Don’t be afraid to ask questions and read reviews to learn more about your options. You’ll feel confident for each ride when you know that you’ll be covered.
If you want to learn more about your options for insurance policies and how to stay safe on the road, check out our blog for more info!