Do you need to find the best motorcycle insurance in California?
You shouldn’t have to sacrifice coverage for price. Get insurance quotes near you, regardless if you live in Orange, or Los Angeles.
Not every program is the same. Some coverage options will not accept bikers with more than 2 points on or DUI Coverage.
Many bikers needing a SR22 find themselves in this predicament.
Motorcycle Insurance Programs
No problem, there are programs that offer this option, drivers who need a Filling.
Many types of motorcycles exist within the market.
The fact that not every rider has the same type of driving record can only complicate matters.
Not to mention that not all companies offer the same coverage type.
Certain options are available for your specific ride.
So, if you need coverage for a DUI, your needs will vary from someone with a clean driving record.
As an example, if you own a Harley and have a clean driving record.
You can expect your rate to be a lot different from a rider with a classic vintage.
Or a rider needing state required filling for a DUI.
As you can see, there are many factors to consider into your rate.
What is Motorcycle Insurance Rating Factors?
These rating factors can mean the difference in huge savings or not.
The same rating factors apply to your car insurance as does your motorcycle policy.
This is why it is important to maintain a clean driving record.
The savings will transfer over to your bike policy.
If you live in Southern California and own a bike, you may find yourself paying a lot more.
Population size and crime rate can play a role.
These are different rating factors than someone living in a rural state.
There are parts in California that can offer the least expensive policy possible.
This depends on the population size and the risk factors exposed to you as a driver and your bike.
Quotes for Cycles
Huge variations in your quotes are the most common issue.
People are finding this issue when comparing online. If you find yourself in this scenario, you’re not alone.
Cycle Coverage like automobile coverage, has a niche.
Meaning every insurance company has a niche market.
They will provide the lowest insurance rates depending on their appetite.
Finding these niche insurance companies also provide for discounts.
These discounts are not always offered with every insurance company.
These discounts like on an auto insurance policy, provide discounts for external associations.
These can include, riders associations, club associations, motorcycle training classes or certification.
If you have had your motorcycle license for a good period of time, more discounts are available.
If you have more than 3 years in most cases, you can look at receiving a discount for riding experience.
More Discount Benefits
These discounts can help offset your policy premium. This is if your driving record is not that good.
Keep in mind that not all insurance companies will offer the same rider discounts.
So, you will want to check into these savings before you buy your policy.
If you do not understand what market of insurance your assigned in then you might overpay.
As an example, if you have a vintage motorcycle verses a Cruiser, the physical damage protection would vary.
This is due to the bikes difference in classification.
In most cases, not every insurance company specializes in the vintage or antique motorcycle market.
Meaning your toy could be in jeopardy of incorrect coverage.
This is because underwriting restrictions due apply on the antique market.
Specialty markets do exist within the market.
So, if you have an antique, vintage or classic bike, you need that specific coverage.
For the most part, not all insurance companies will accept these types of classifications. Some will however.
These few motorcycle insurance companies who specialize in your type of bike can help.
They can offer the most competitive rates possible. This same philosophy applies to any item.
You want to make sure you are matching the type of coverage that will fit your specific needs.
Not only for cost savings but also for protection.
Many companies will have restrictions if you have a specialty bike classification.
So, if a claim or loss should occur you may not have coverage.
There are people who find themselves either under-insured or under-protected.
This is until they match themselves with a specialty market company.
Compare Same Policy Guidelines
As you’re comparing rates, make sure to see what coverage’s are excluded and applied.
This is important to do before you purchase your coverage.
You can always refer to the companies underwriting guidelines to make sure.
You can request a copy, but they will also be normally found on your insurance policy as well.
Usually tucked away on page 17.
You already understand that all motorcycles on the road require cycle insurance.
This coverage is the liability portion of the insurance. This protection is mandatory by the state, just like your auto insurance policy.
Full coverage insurance on your bike will protect the actual physical motorcycle. Protection of its owner in the event of a loss.
Since motorcycles are not generally covered under a personal auto insurance policy, you have to buy separate.
Endorsements would not change coverage of your bike.
Right Policy Coverage
Finding the cheapest insurance for your bike doesn’t necessary mean that you are getting the right coverage.
You will want to make sure to ask what options are available on your bike.
Also you want to know if any multi policy discounts are available. If you were to bundle your auto insurance policy, you could save more.
This simple merge of policies can save riders a lot of money each year.
This means more gas money to ride your bike and enjoy the freedom it has to offer.
Aside from the normal liability coverage portion of the insurance policy, other coverage exist.
- which include: uninsured/under-insured motorist,
- medical coverage,
- roadside assistance,
- custom parts and equipment,
- with special policy options for custom bikes and collector bikes.
What is Motorcycle Insurance Accessory Coverage?
Accessory coverage can provide up to $3,000 for no added premium.
Additional coverage may be purchased providing coverage up to $30,000.
This includes helmet and sifted riding apparel for collision only.
This is because theft is not covered.
An itemized list of accessories with corresponding prices of each accessory.
This is required to secure coverage and protection.
Transport Trailer coverage available on some policies with coverage up to $10,000.
Medical Payments are available on some policies with coverage limits of $25,000.
Roadside Assistance is available on some liability and full coverage policies.
This is with availability of 24 hours x 7 days a week. A true life saver.
Loss Settlement on your Policy
Make sure when comparing insurance online, to ask how the company will pay out on a claim.
Some companies will pay a claim on an actual cash value.
This is appraised on the resale value according to Kelley Blue Book.
Different Operations – Different Payout
Not all motorcycle insurance carriers operate on an ACV basis when delivering claims.
So be proactive, and get your facts prior to buying.
Your policy encompasses so much more than just motorcycles.
It actually recognizes scooters, mopeds, snowmobiles, ATVs, and golf carts as well under this policy.
Add my Motorcycle Insurance to my Homeowners Policy?
A homeowner’s policy never covers physical damage on a motorcycle.
But, endorsements are available on some policies for ATV’s and golf carts.
Make sure to check in advance with the provider to ensure they will accept this risk.
Aside from the standard set of coverage’s on a policy, carriers often offer specialized protection.
This specialized coverage can really come in handy at the time of loss.
Prior to a Loss – Being Proactive
Things you may not think of prior to a claim. This is such as accessory coverage and trip interruption.
This can be costly if you do not have the coverage included on your policy.
As you have learned, understanding what your policy includes after an accident or loss is not good.
It can be a life altering decision on your future.
It’s best to learn this before an incident. Keep this in mind when comparing quotes.
Make sure you are also looking at coverage’s and what will and will not covered under your policy.
Exclusions do exit under the guidelines.
So understanding them before you encounter a loss is more important.
More important than always finding the lowest rate.
Many people will unfortunately realize this fact when it’s too late.
So, make sure to ask lots of questions about coverage options.
This is true if you have a specialty market bike or need specific coverage’s with no limitations.
Types of Bikes
- SPORT BIKE
- DUAL SPORT/ENDURO
- STANDARD BIKE
- STANDARD BIKE (HIGHER PERFORMANCE)
- TOURING/SPORT TOURING
- HARLEY XL MODELS
California Cities Rating Factors
Every company will have different rates. This is depending on the territory and demographics of the risk.
For example, if you’re garaging address is listed in Los Angeles CA compared to Ontario CA.
You will a drastic change in rate just for the territory zip code.
Insurance Rating Factors
These rating factors allow each company to rate properly with the Department of Insurance.
This is also to project future earnings to have in the reserve pool.
This is an important function that all insurance companies engage and participate in.
They must divide the territory, type of risk they are willing to accept.
Then they have to put in a bid for a certain rate.
Then it has to be approved and regulated by the state of California and pass it on to the consumers through agents and brokers.
Yes, it is a lot more complex of a system then this short summary laid out.
But we just want to give you an outline of the process.
This is because it is a very common question to how insurance companies get their rates.
So, for simplicity purposes, just find a motorcycle market that will fit your needs.
Ask for discounts that are available before you even begin the quoting process.
If you live in a highly populated area, you can always expect to pay more than your rural counterpart.
Here is how your motorcycle rate can be effected.
If you have multiple discounts and accidents you may not be even insurable.
Some motorcycle insurance companies may deny you.
The good news is there are companies who will accept your risk as we spoke above.
However, we want to share how one important rating factor like which zip code.
Where you live can make an impact on your bottom line.
Discounts for My Ride
Finding discounts and finding a company who specializes in your driving habits.
Also your lifestyle are the first steps in saving money.
There are California cities with specialty motorcycle programs.
This means companies who have competitive rates for your specific area.
What this means to you is, great savings!
The only thing left is to find a local insurance broker or agent who can shop your specific area.
Remember, not all national direct insurance companies are competitive in your area.
Territory for My Bike
So, depending on the program available to you as a rider within your territory.
You can either save hundreds or not.
This all depends on the company.
Specialize Coverage Areas
Also whether they offer specialize coverage in your area.
Just because you see a carrier advertise all day and night on TV, doesn’t mean it’s the best.
Many people will often complain in false advertisement.
In reality, it’s not the right market for your needs and lifestyle.
Shopping different Risks
This can simply be answered with niche market are you shopping in.
This is because each provider has specific pockets of areas and types of risks they are more competitive in.
So, even though they advertise they are the cheapest out there, it may not be your truth.
It depends if that carrier caters to your specific needs and risk factor.
It is always best to get 3 rates with the exact same coverage amount, and pick the best option package for you.
Make sure you are shopping quotes within your market.
What this means is shop within your terms.
If you have a bad driving record, high risk bike or just can’t get insured anywhere else, you in a market of your own.
It’s not a bad thing, it’s that you must understand so you can save money.
Bottom line, saving money with quality protection is a great recipe for protection.
Profits or Good Rates
Remember, each company has to make a profit so, they want to stay within their market and not accept all risks.
By accepting all risks, a carrier is exposing themselves for total loss.
We have all heard of no putting all your eggs in one basket. Same applies in this comparison.
If carries did put all their eggs in one basket they face severe repercussions.
Repercussions of Total Loss
For example, being on moratorium or in the insurance language, a force stop to sale insurance by the state of California.
This memo regulates the inflow of risk a company will take on in order to avoid any insolvency issues down the road.
Even your big name companies can’t accept all risk, it would financially put them in a volatile position.
Now that you have had a comprehensive review of all the discounts and options available, there’s one more step.
The next step is to make sure you know what coverage options you will need.
After completing this step, you will want to match a company who can accept your risk.
This includes your driving record.
This process can be foreign to you if this is your first time or if your lifestyle has changed.
Local Insurance Help By You
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We have over 30 years experience helping riders find the cheapest motorcycle insurance possible!
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- Kevin Larson