I know in WA state where i live you aren’t required to carry motorcycle insurance, but i am curious if you need to have insurance if you are financing a bike?
Full coverage untill the bike is paid-off.
I am planning to spend two weeks in Phuket and intend to hire a motorcycle. Is there anyway i can get compriensive insurance for this?
Thanks Phil
usually, wherever you are renting the moto-cyyy – will offer insurance as they at least want the value of the moto covered. What you need is first class insurance because if you are involved in an accident, you could be blamed for all damages ot everyone else involved.
Best advice – don’t attempt this feat here. Find another way if you are not familiar with the habits of the drivers here. If you are familiar with their ways, then you know that there are no rules of the road out there – and every time the rest of us do go out, we come back w/stories that start with "you’ll never believe what this idiot did!!"
I’m filing a warranty claim on my motorcycle and i quit paying the insurance for it since it broke down.(couple months ago)
Will I have to have proof of insurance or any kind of document saying i have insurance for the claim?
no
I appreciate any answers.
Here are some figures I have seen:
Insurance
-$90 – $200 a year
Motorcycle gear
- New helmet and gear = +/- $800
Motorcycle
- $500- $20,000 or more
The biggest variable will be your insurance, and $90 per year is EXTREMELY low, even for limited liability ONLY. If you are over 25, good driving record, married, with an MSF course under your belt and NOT starting on a 1000cc superbike, you can expect under $50/month for full coverage (required if financing through a bank).
If you’re 18, on a used Gixxer 600, with a ticket or two, expect $400 or so just for liability!
As for gear, expect to pay AT LEAST $500, but a mroe realistic expectation is to budget another $1000 for good gear, leather if possible, and the RIGHT helmet that fits properly. Some people are fine with a $200 HJC helmet, others can’t live without a $500 Shoei. If you have a $50 head, then by all means buy a $50 helmet.
The bike itself doesn’t have a straightforward answer. Your first bike should be a smaller USED one, so you can learn and drop it a few times without getting in over your head. Maybe $5000 tops. Then after you have a couple years’ experience, you can shop for your Wonder Bike. So do you want a small sportbike under $10,000 or an exotic $23,000 MV Agusta F4? Maybe a two wheeled motor home like a Gold Wing?
The future of your motorcycling life is up to you, but it all hinges on whether you start out right and live to see it.
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I’m 17 and am looking for a motorcycle. My mom called our insurance company (Nationwide) and had a quote prepared and they said it would be an extra $70 a month. Seeing as how it gets cold here in Ohio i don’t really want to ride a bike in the wintertime. Would it be possible to drop the motorcycle part of the insurance during the wintertime and then pick it up in the springtime when I start riding again? I’ll also be turning 18 in February so I think the rates would go down.
Yes you can drop your insurance in the winter. I know how expensive Nationwide is. I had them for 2 years.
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Do you have to have Motorcycle insurance to drive on a permit?
Cause im gonna go buy my bike next week and do I have to have insurance to drive it from the lot to my house?
You need to have insurance before you take possession of a motor vehicle, let alone drive it on any kind of permit or license.
This is because bad stuff can happen at any time.
Most bad stuff happens in an accident, but it can get stolen, damaged, cause damage. If you own it, you are responsible, unless you got insurance first.
If police stop you for any random reason, they will probably need to see your
* license is correct for type of vehicle you driving (you do know that a different license needed for motorcyce, than for car?)
* ownership … you have right to be driving this vehicle
* licence plates properly registered to ownership
* wearing suitable safety gear like helmet
* proof of insurance
If any of this evidence is missing, the presumption is that you are driving illegally.
When you get a motorcycle financed and the bank requires the owner to get full insurance coverage on your bike. Lets say if I were to cancel my insurance after couple of months because of some reason and not have any policy for next year. Will the bank find out and penalize me until I get one?
Or can I get away with that?
Thanks………
The bike has to be insured. You would be crazy NOT to have insurance on a vehicle of any kind that you have financed. If it is stolen or damaged while not insured you still are responsible for the loan!!!!!
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