As a motorbike lover probably you are planning to buy one and browsing through all eye catching models. Assuming yourself a well planned individual, surely you have chalked out every small and big details i.e. model to buy, price range to go for, features, mileage and not to forget perhaps designer accessories for yourself to go with that jazzy bike. So perhaps you are all set to run the beautiful beast on the road.

However while working out every details have you given any thought to motorbike Insurance? Guess not. Well the time has still not run, if not thought of till now then you better consider this legally abiding idea. There is a possibility that you have visited almost all the dealers of your neighborhood in an advent to buy best deal, all you need to do is now ask them about motorcycle insurance as well. Be informed that you cannot run a bike legally on road without insurance as there are penalties involved for breaching the rule. In US there are certain places i.e. California where you can't even buy a bike without Insurance done.

There are certain important points to be kept in your mind while buying Insurance for your motorcycle. There are many companies which offer insurance so you should make a wise choice and do a little homework before you call up the insurance agent.

Personal Liabilities

As for auto insurance your age and driving record is the key factor, similarly while buying motorcycle insurance the above two factors are taken in account. If you are older or you don't have an impressive driving record then you may end up paying higher price.

The Bike

Similar to auto insurance a new motorcycle insurance cost is higher compared to old one. Apart from this how much your bike has run also makes an impact on the insurance cost. Probability is that your bike is only 6 months old and still may charge you higher insurance price than that of your neighbor's two year old bike.

Over Insuring

Above is the most vital point but unfortunately is missed by most of bike riders. Never over insure your bike, ultimately in an unfortunate case of accident you would never be benefiting more than the existing market value.

Types of Motorcycle Insurance

- 3rd Party Liability: This typically is for the security of third-party which suffers in unfortunate event of an accident because of your fault. In this case instead of you directly paying to the grieving party, your insurer pays the damage for the damaged property however you should be informed that it doesn't covers the damage to your own motorcycle or property.

- Comprehensive Insurance: On the other hand full or comprehensive coverage covers both the third party property and prime party as well. In this case the insurer pays the damage to the third party as well as to you or your property/bike irrespective of the fact whether it is your or someone else's fault. One important feature of comprehensive coverage is that it also covers the passenger (if any) on your bike present during the accident.

Essentially above basic facts should be kept in mind while choosing motorcycle insurance. We don't ever wish for accidents to happen however unfortunately they do and to secure safety of you as well as the third party obtaining insurance is the best measure.