Many first time motorcycle owners are surprised when the save money for months on end only to find out the buying the bike is only part of the expense. Before you can ride the bike, you need to take the time to make sure that you have the proper motorbike insurance. After all, you do not want to spend your hard earned money on your new bike, only to have another driver cause an accident that totals your bike, right? In an unfortunate situation like that, motor bike insurance will make sure you have the ability to replace your new bike.

When you start shopping around for motorcycle insurance, you may be surprised at the tremendous number of options there are. The basic types of insurance available are liability, collision, comprehensive and underinsured motorist. Liability insurance covers damages or injuries to others that were your fault. Collision covers the replacement costs or repair of your motorcycle. Comprehensive insurance covers you in the event of many non accident related events and underinsured insurance provides coverage in the event that the person responsible for the accident does not have adequate coverage.

The specific types of coverage you want will have a very large influence on the amount of your monthly insurance premium. The jurisdiction in which you live likely requires a minimum type of insurance in order to be a legal driver; however the other types of insurance will be up to you. You have to find a balance that you are comfortable between lowering your premium and being confident that you have an adequate amount of coverage for your situation. While you do have the ability to reduce your premiums based on the type of insurance you get, there are several factors that will play a role in your cost that you will not be able to change.

The first detail that will influence your premium is the make and model of your bike. Generally speaking, the newer the model, the higher the insurance will be. Motorcycles that are flashier, trendier and faster will also be more expensive. If you want to lower your insurance premiums, you should choose a bike that is older and has higher safety ratings from the appropriate agencies. Another factor that will influence your insurance rates is your driving history. If you have a clean driving record, your premiums will be much lower. Your age also influences the insurance rates that you will pay. Most insurance companies consider young drivers to be more of a risk because they do not have enough experience on a motorcycle to be as safe as a more experienced driver.

The final factor that will play a part in the cost of your monthly premiums is your location. Location is not just important in real estate, it is important for insurance purposes. Your insurance agent will have to consider where you live, where you work and how long your commute is. Each of these factors can either increase or decrease your risk of an accident or other types of damage that could harm your bike.

Author Bio: Ellie Lewis has been researching motorbike insurance. She is writing an article on purchasing motor bike insurance for young people.

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Keywords: motorbike insurance,motor bike insurance