Normally when we drive our car or truck we pay little daily attention to the vehicle’s insurance. As bikers, we know we risk danger every time we mount up. The thought of coverage, especially medical is always in the back of our minds.
Here are some tips for buying motorcycle insurance and adding medical payment options that can cover expenses your normal health policy will not.
BUYING INSURANCE
It’s all about the deductible. Make sure you are well insured. There is an old saying “You can pay me now, or pay me later,” this is true of a deductible. It’s always better to pay insurance with a low deductible for the obvious reason…..it’s cheaper. But if you do have an accident and your deductible was too low, you will pay on the back end. If you chose a low deductible, make sure you have the cash reserve to pay out of pocket for what is not covered.
While many states require a safety course to get licensed, some don’t. Many insurance companies offer discounts if you have a safety training certificate. Beyond the fact that these courses will make you a better rider, they also can save you money!
If you belong to a manufactures motorcycle club like HOG (Harley’s Owners Group), check to see who they recommend for insurance and the discounts they offer.
Understand that a sports bike rocket ship is going to cost more to insure than a used cruiser. Buy your bike accordingly if you are worried about insurance costs.
Many times it pays to get older. As with car insurance, the older rider with good driving records is usually eligible for discounts.
Comparison shop prices for not only the best deal but also the best customer service. Are they available to take an accident report 24/7? Do they have a roadside assistance program? Do they provide special discounts if you drive only a few miles each year, or have and outstanding driving record?
BUYING MEDICAL INSURANCE
Although most medical expenses, if you are in an accident, are covered by your primary health care provider, you can buy additional insurance to help pay your bills.
If you buy a special motorcycle medical plan remember that this insurance helps cover medical related expenses you incur from a motorcycle accident, even if you’re at fault. However, do not expect these plans to cover the cost of injuries to others, those expenses are covered by your regular motorcycle bodily injury liability insurance policy.
Motorcycle medical coverage provides a wide variety of out-of-pocket expenses that may not be covered by your current health insurance policy. Riders who purchase this kind of insurance can usually count on, among other things, health insurance deductible coverage, copays have taken care of, specialized dental care if needed and prescription help. Many policies offer mores, some less.
When you purchase motorcycle insurance be sure you ask your agent if they offer a separate medical insurance policy and how it works.
Enjoy your next ride!
