Like bills, deadlines, and taxes in everyday life, motorcycle insurance is something you’ve got to buy and maintain if you want to ride on the street. It’s a hugely complex business based on mathematical models, profit and loss projections, shifting markets and motorcycle types, rider ages, and other fun stuff. If you’re just starting to ride, here’s some of what you may need to know.
Voom is an insurance company that specializes in providing flexible and on-demand insurance coverage for all sorts of powersports applications. Their services include coverage pay-per-mile insurance allowing customers the option to pay for their actual mileage versus a flat annual fee. If you ride less, you pay less.
Motorcyclists come in all shapes, sizes and tribes, but if there’s one thing we can all agree on, it’s that we hate paying a lot for motorcycle insurance. Sure, we grudgingly accept that it’s important to be properly insured, but the less we have to pay, the better.
We were all beginners once, right? Whether it be motorcycles, soccer, ballet, etc., the unknown pitfalls of any new venture can cause excitement and joy or, more often than not, leave you scrambling in a fit of confusion. So let’s take a look at tips for helping new motorcyclists navigate their way through the tricky insurance web of deceit! Motorcycle insurance for beginners, take one.
What’s the least fun thing to spend money on? Insurance. It costs a bunch of money, and then you don’t really get anything for it… until you need it. But then, you really need it. So yes, it’s no fun, but you should have it anyway. Here are some basics if you are new to this very-not-fun, yet very-necessary product.
Hopefully, you’ve had a chance to read MO’s first ride review of the 2017 Kawasaki Ninja 1000 ABS. If not, you should go take a look at our impression of Kawasaki’s gentleman’s sport-touring motorcycle. From its aggressive good looks to its romping engine, the Ninja 1000 has a lot to offer someone who likes their open-class performance wrapped in a highly streetable package.
It used to be death and taxes; now you can add insurance to the list of things you can’t escape, in 45 of the 50 states, anyway. Like any trillion-dollar industry, insurance seems simple enough on the surface but in reality it’s a highly evolved system employing thousands of workers whose main goal is to earn money. Your main goal as a consumer should be to minimize your premiums, but also to realize that riding around with no, or not enough insurance can separate you from everything you own in the blink of an eye. Herein, we attempt to find happiness somewhere in the middle.
If you’re desiring to roll some serious mileage on two wheels but the roadways leading to all the familiar haunts (Sturgis, Daytona, Laguna Seca, et al.) are seeming somewhat lackluster, the cure may be to ride outside your national comfort zone and travel abroad. A foreign escapade brings with it a litany of uncertainties, one being insurance and how to make sure you’re covered in the worst-case scenario, a long way from home in a place where English isn’t the ubiquitous language.
A big joy of motorcycle ownership is getting out on the open road and soaking in the world around you. There are times, however, when that urge gets so strong you’re determined to go on that ride even if you don’t have a bike of your own. Or maybe you just want to sample a different bike before making a purchase. Then again, maybe you’re visiting the land of the free and want to experience it on two wheels. Regardless of your reasons, if you rent a motorcycle in the U.S., you’re going to need insurance.
When you’re flying through the air is not the time to shop for insurance. Like so many other things thanks to the interwebs, it couldn’t be easier to shop for insurance before you need it. The flipside of that is that if you have anything on your record you’d prefer not to reveal, it’s not so easy anymore to conceal it. Once upon a time, Jorge Lorenzo (lead image) might’ve been able to say his Yamaha M1 got hit by a truck while it was parked at the library: That’s probably not going to work anymore.
By the time a rider is old enough to consider licensing a motorcycle for street use, she should be mature enough to realize that humans make mistakes, and motorcyclists count themselves among the ranks of humans. Consequently, the need for motorcyclists to make sure they can pay for any damage they may cause to other vehicles should be fairly obvious. Even though bikes are smaller than cars or trucks, they can still put some pretty big hurt on the other vehicles in the right (or is that the wrong?) circumstances. With that in mind, almost all states require that the registered owner of a motorcycle carry some form of proof of financial responsibility. In most states – even those that don’t require proof of financial responsibility to register a motorcycle – the primary means of protecting oneself is liability insurance.
As riders, we have to do a few things to legally enjoy our time out on the road. First, good karma, accident statistics, and our desire to ride without fear of Officer John Law dictate that we get a motorcycle license. Really, there’s no excuse not to have the correct endorsement. Second, the vast majority of states require a minimum amount of insurance (or some other kind of demonstrable financial responsibility) in order to operate a motorcycle legally on the street.
We all know that insurance premiums can be affected by a number of factors. If you’re under the age of 25, ride a high-performance sportbike and leave it parked by the curb unchained overnight, you’re probably going to pay more than a middle-aged rider with a small-displacement commuter that gets tucked into a locked garage every night.