There are several insurance companies that cater to all kinds of motorcycle insurance in California. They offer dozens of useful hints that save you a lot of dollars. If you want to buy motorcycle insurance, it is advisable to shop more than 25 top rated, best service insurance companies for the lowest premium. Additional discounts are given for being a safe rider, insuring more than one bike, and touring bikes. A bike owner is very likely to get a medical expense policy without any hospitalization insurance.
The coverage for motorcycle insurance is very different from that of an automobile insurance policy. Motorcycles give less protection than automobiles, so the chance of severe injuries is high. Motorcycle insurance serves to reduce a high percentage of money loss in accidents.
There are various types of motorcycle insurance coverage in California. Liability (bodily injury), property damage, uninsured or underinsured motorist, comprehensive, collision, and medical expenses are among them. If an accident occurs due to the fault of the motorcyclist, the liability coverage pays the injured person. According to California motorcycle insurance law, the insurance companies have to spend $15,000 per person for an injured person and $30,000 for all injured persons in a single accident. Property damage coverage will pay for the property that is damaged by your motorcycle. The law requires $5,000 for the destruction of property of others. Collision coverage requires comparatively large amount of deductible than that for standard bikes.
If an accident is caused by an uninsured person or those who do not have enough bodily injury coverage to satisfy your claim, uninsured or underinsured motorist coverage will pay for you. It also meets your medical bills, pain and suffering, lost wages and future damages. The coverage pays around $30,000 per person and $60,000 for all persons injured in any one accident. Comprehensive coverage pays for losses due to theft, flood and fire, while medical expenses coverage meets all medical expenses.
By: Eric Morris
If you don’t already know by now, auto insurance companies use your vehicle as a major determining factor in calculating what you pay for your desired amounts of coverage. Fast, small, and sporty cars all get penalized in the form of high premiums for the car they drive. Unfortunately, most convertibles fit at least one of these criteria.
At a glance, this practice may seem unfair to drivers of said cars. However, auto insurance providers put large amounts of money on the table for each one of their clients. In order to stay in business, it is necessary for them to charge the driver of these cars more.
But it doesn’t go without logic and reason. You become a liability to the insurance company when damage is caused to yourself and property, and the health of others and their property, when you are at fault. As you can imagine, this could get costly. And statistics show that drivers of small, fast cars are more prone to such action. These cars are generally more dangerous, expensive, and result in more bodily injury. Blame it on those pesky, reckless, young drivers, or blame it on the insurance companies, but either way, it is unlikely to change.
Convertible drivers also end up paying more for their auto insurance coverage for these very reasons. By nature, convertibles are more dangerous than your average sedan or even sports cars, with soft or removable roof, it doesn’t take much for you and your convertible to take some serious damage. This increases your financial liability in the eyes of your insurance provider, and they quote you accordingly.
Save Money When You Insure Your Convertible
A new convertible will cost you upwards of $20,000 for most models and are expensive to insure but there are saving to be had. The most obvious way to save when buying convertible auto insurance is to check all your available options. It’s easy to do so by getting multiple quotes, which can be done in just minutes by getting an online auto insurance quote comparison. Selecting a policy with high deductibles will help you save on your premiums and paying for 6 months or a years worth of insurance can score you some serious discounts.
If it an older convertible, you can choose lower amounts of collision coverage, as the car may not be worth much. If your convertible happens to be an older collector’s car, you may qualify for collectible car insurance which understands that an older car may be worth more than its Kelly’s Blue Book value. If you only drive your convertible during the summer or on sunny weekends, you may also qualify for low mileage auto coverage, which charges by the mile, rather than a flat monthly rate.
By: James K Shaffer
California Law requires all motor vehicle owners to have insurance which provides Bodily Injury Coverage and Property Damage Coverage.
In the State of California the required minimum coverage for bodily injury is $15,000 per person injured in any one accident and $30,000 for all persons injured in any one accident.
The required minimum coverage for property damage is $5,000 for injury to or the destruction of property of others in any one accident.
Optional insurance may include Uninsured Motorist Coverage. If the policy holder makes this choice, the actual coverage purchased must be at least the amount of the required Bodily Injury Coverage. If the policy holder purchases more than the required amount of Bodily Injury Coverage, Underinsured Motorist Coverage may then be purchased in a lesser amount. The State of California does not require insurance companies to provide Uninsured Motorist Coverage in any amount greater than $30,000 per personal injury in any one accident and $60,000 for all persons involved in any one accident.
As well, if Uninsured Motorist Coverage is purchased, then the policy must also include Underinsured Motorist Coverage. California requires insurance companies to offer for purchase Underinsured Motorist Coverage in an amount equal to that purchased for Uninsured Motorist Coverage. Insurers may, however, offer a greater amount of Underinsured Motorist Coverage than the Uninsured Motorist Coverage actually purchased by the policy holder.
California requires liability limits of 12/30/5 which represent $20,000 for bodily injury coverage per person and $30,000 for bodily injury coverage per accident which will pay for medical bills and lost wages. The last number of 5 represents $5,000 for property damage coverage per accident which will pay for repairs and/or replacement of objects damaged or destroyed other than the policy holder’s own vehicle.
Personal Injury Protection (PIP) and No-Fault Coverage are not required by the state.
Adding Collision Coverage as well as Comprehensive Coverage to an insurance policy is optional as well in California.
By: Elizabeth Newberry