Motorcycle Insurance Tips
In many states, it is mandatory to have insurance on your motorcycle. In addition to covering any loans on the bike, the insurance is designed to cover medical bills for personal injury as well as for collision costs. Even if motorcycle insurance isn’t mandatory in your state, it is still a good idea to have it. You never know when you may need it. Many people think motorcycle insurance is too expensive to have, but it is really affordable. There are some great tips to help you get the best possible rate.
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If you haven’t taken a motorcycle safety course, you should. Not only will it help you become a better motorcycle rider, it will also help you earn a discount on your motorcycle insurance. This is because motorcycle companies feel an informed rider is less likely to make common mistakes or to indulge in reckless behaviors. If you currently have any kind of insurance on your home or other vehicles, that particular company will likely offer you a significant discount on insurance coverage for your motorcycle.
When comparing motorcycle insurance rates, make sure you are comparing apples against apples. This simply means you should only compare the cost once you have determined what the insurance covers. Ask for information about he dollar amount of coverage as well as the deductible amount. A deductible is the amount you will have to pay out of pocket for each claim filed before the insurance will pay the remainder.
If you are able to store your motorcycle inside a storage unit or garage, then do so. Most insurance companies will give you additional discounts for your motorcycle being in a secure location that reduces the chances of it getting hit, vandalized, stolen, or damaged by the natural elements. Many insurance companies will give you an added discount if you won’t be riding your motorcycle during severe winter months. This is a great option for those of you who live in colder parts of the world. However, keep this coverage in mind because you will likely be tempted to get that bike out when a warm spell appears for a few days during the winter months.
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Keeping a clean driving record both in your motor vehicles and on your motorcycle will save you a great deal of money on your motorcycle insurance. Insurance companies love to reward those who have remained a low risk. They also want to keep your business. If you have paid your premiums on time for six months and have not have any claims or moving violations, then contact your insurance company and ask for them to review your policy for a lower price. Many insurance companies will automatically do this upon renewal of your policy, but if you have an annual policy then you should contact them after six months.
If you are just learning to ride a motorcycle but don’t have a valid motorcycle license yet, you may want to consider purchasing Learner Motorcycle Insurance. This is a great way to ensure you are covered in the event of an injury or accident. While this type of insurance is going to cost you more than basic motorcycle insurance, you can’t put a price tag on safety.
The internet is a great place to look for motorcycle insurance as well. Some insurance companies don’t offer motorcycle coverage while others specialize in it. The internet gives you a convenient place to enter your information once and then receive quotes by email from various insurance companies. This definitely reduces the amount of time you will spend on the process as well as allows you to easily compare rates.
Having motorcycle insurance is a good idea regardless of it being mandatory in your state or not. While operating any type of motor vehicle comes with a risk, you can help lower the financial risk involved in operating one by covering the cost of damages and medical expenses should you be involved in an accident.
INSURANCE FOR ALL DIRTBIKE TOURS IN VIETNAM
If you want to be fully covered while TRAVELING AROUND VIETNAM BY MOTORBIKE Vietnam, you need the following insurance policies:
+ Personal medical insurance
+ Third party liability insurance and
+ Motorcycle insurance
We will go over the details to help you understand the risks and how to have safe motorcycling experience by riding dirtbike tours in Vietnam.
Personal Medical Insurance
This is the most important motorcycle insurance that we recommend all riders travel to Vietnam to purchase it. It covers you when you have accidents and get injured while motorbiking in Vietnam.
As you can’t get a local Vietnamese Motorbike Driving License with tourist visas. Even if you have business visas, you need a company to sponsor you and wait 7-10 days after you arrive in Vietnam to do paperwork. This means near impossible to get a local license. Therefore, you can’t buy any personal travel medical insurance from Vietnam agencies.
Fortunately, you can buy this personal medical insurance policy from companies like Allianz, CHI or World Nomads…or on Lonely Planet website. They only request your country or international motorbike driving license. In this case,yourself will be fully covered if something happens.
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Third Party Insurance
This policy covers the third parties when accidents happen. It’s very cheap to buy this in Vietnam, around 8$US/year now.
You need to have a local Vietnamese motorbike driving license but as explained above it’s near impossible.
The best way is to ride on fully guided motorbike tours in Vietnam and our guides will lead you through safely and arrange (best without police involvement). He finds out how much you pay if you hit somebody.
FYI, the most a customer had to pay was over 600 USD when he hit a young local girl and broke her leg. If you do a self-guided trip, call us right after you hit anyone. We can talk and solve the situation as soon as we can.
Even local Vietnamese people wouldn’t use this policy to claim insurance because the coverage is verylittle (about 1,800 USD). When accidents happen we just talk and find out how much to pay. If the police come, they allow the involved parties to solve the incident before they file anything. Recommend to solve ourself not together with local police.
Motorcycle Insurance In Vietnam
This is not really necessary. Manual clutch touring bikes are not so popular in Vietnam. Vietnamese people like automatic scooters (al least 85 % of bikes in Vietnam as it is much comfortable to ride in city, especially Hanoi traffic).
Please use a parking where you pay small fees ( 5 thousand VND) to keep the bikes. Take the key with you and you will be safe.
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You can buy this insurance if you want but it’s not cheap – Cost you about 60 USD!
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