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Acquiring Cheap Motorcycle Insurance in the USA

Aug 17, 2007
Insurance is a fixture in American life. The security afforded by insurance allows people to lead comfortable lives with less stress and worries. Statistics from the United States National Highway Traffic Safety Administration reveal that motorcycle accidents and fatalities have been steadily on the rise since 1988. While riding a motorcycle requires a different set of skills than driving a car, the rules of the road apply to all drivers. Education, respect for traffic laws and common sense must be augmented with a sound motorcycle insurance that is economical and comprehensive. These parameters have helped create a market segment for cheap motorcycle insurance in the USA.

The bare minimum requirements for insuring motorcycles in the United States are the same as that of automobile insurance. In a motorcycle insurance policy form, the liabilities are arranged with bodily injury liability maximum for one injured person at the top, followed by bodily injury liability maximum for all injuries in an accident, then the property damage liability maximum for one accident. These figures vary from state to state. Most U.S. states require motorists to acquire certain kinds of coverage but it may not be very wise to scrimp on insurance coverage as this would expose motorists to the risk of a costly lawsuit or a hefty repair bill in the event of an accident. The most logical option for drivers then, is to acquire cheap motorcycle insurance in the USA.

The motorcycle insurance sector in the U.S. has devised numerous plans and packages to provide the maximum amount of coverage at reasonable costs. Apart from the liability component of an insurance policy, motorists should consider other significant liability packages like the collision coverage. This insures the policy-holder against the cost of repairs after an accident. This is usually the most expensive portion of the policy and motorists sometimes opt to set a higher policy deductible to keep the premium rate down. They should remember, however that they will have to pay for the policy deductible first before the insurance applies the coverage of the policy. Another form of coverage is the comprehensive insurance that pays the damages sustained by a motorcycle during non-accident-related eventualities, including fire, theft, vandalism and natural disasters.

After these basic coverage, most insurers offer optional coverage, also called policy riders. These additional types of coverage can include medical payments, personal injury protection and no-fault coverage. Individuals with a sound health insurance plan, though, may no longer need medical payment or personal injury protection. Another optional coverage is for uninsured or underinsured motorists. This coverage pays for injuries sustained by the policy-holder should they get involved in an accident with an uninsured or underinsured motorist.

Obtaining cheap motorcycle insurance in the USA has been made easy for motorists. Whether you are purchasing insurance through an agent or directly from an insurance company, industry competition has ensured that insurance premiums are reasonably structured.
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