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Factors Affecting you California Motorcycle Insurance Premium
In California you are required to carry motorcycle insurance if you operate a two-wheel vehicle on a public road.
Motorcycles have a higher rate of accidents per unit distance when compared to cars. This is mainly because of the exposed driver and also the reality that a motorcycle is a smaller vehicle on the road and automobile drivers can’t always detect them as easily as another car on the road, leading to more accidents.
In California the minimum liability coverage for a motorcycle/ATV/moped/scooter is 15/30/5, meaning:
$15,000 for injury/death to one person
$30,000 for injury/death to more than one person
$5,000 for damage to property
It is always advisable to shop around to find the best policy first before settling on the first quote you receive. There are key factors that affect your motorcycle insurance premium. Among them are:
1.)Engine displacement size (in cubic centimeter) of your motorcycle. Most of the time, you’ll have a higher motorcycle insurance premium if your bike has a larger displacement engine. These types of motorcycles are generally more expensive and boast superior performance.
2.)Make or brand of the motorcycle. It isn’t as big a factor, but it is usually considered in calculating the motorcycle insurance premium. A motorcycle brand with fewer models usually costs higher than a recognized brand.
3.)The age of the driver or the owner. Older drivers normally benefit from cheaper motorcycle insurance rates than younger drivers using the same type of motorcycle.
4.)Type of bike. The type of bike you own and you are planning to insure also affect the rate of your motorcycle insurance. Sport bikes are generally more expensive and require a higher premium.
5.)Is your motorcycle garaged? If your bike will be parked in a garage when you’re not using it, your premium won’t be as high as those who are leaving their motorcycle parked outside.
6.)Driving record. Your driving record as well as your experience affects your motorcycle insurance payment. If your driving record has too many tickets and accidents, then you should expect to pay higher rates.
7.)Number of miles driven every week. It is an important consideration in calculating your motorcycle insurance payment, since the mileage you are likely to put on your motorcycle will push your premium up or pull it down. So you have to decide first if your bike will serve as your service in your daily commute or it is intended only for leisure. If you will use your motorcycle in your everyday activities, then expect to pay higher premium.
8.)Locality. This factor also matters in the computation of the cost of your motorcycle insurance. If you are residing in a big city, expect slightly higher rates compared to those who are living in a rural area, but are insuring the same type of bike.
To get full motorcycle insurance coverage, make sure that your insurance covers liability coverage, no-fault coverage, passenger coverage, collision coverage, uninsured/under-insured coverage, collision coverage and service coverage. Discuss your motorcycle insurance needs with Pacific Security Insurance.