by Fadi S, Chicago Motorcycle Insurance Expert

Collision Insurance For Motorcycle Insurance is More Costly Than Auto Insurance Collision Rates

Shopping for motorcycle insurance may be surprising sometimes when we learn that motorcycle liability insurance rates are lower than auto liability insurance rates, for the same person under similar circumstances. This is because motorcycle crashes cause less property damages and bodily injuries to others, when compared with car crashes. This is due to the mass (weight) of the motorcycle. The previous statement is very true for liability, or when the motorist becomes liable for damages he or she causes to others as a result of at fault motorcycle or auto accidents.

Collision insurance for motorcycles are structured in the opposite way of liability insurance. While motorcycle crashes cause less damages to other people's properties compared to auto insurance crashes, they (motorcycle crashes) cause significant damages to the crashing motorcycles.  Because of that, full coverage insurance (also known as comprehensive and collision) costs more for motorcycles when compared to personal vehicles of similar values.

In other words, if you have a motorcycle that's worth $7,000 and a personal auto of the same value, your motorcycle liability insurance premium will be less than the auto liability premium. However, comprehensive and collision insurance rates for that motorcycle will be higher than that of the personal automobile.

Motorcycle Comprehensive & Collision Insurance

Motorcycle comprehensive and collision insurance rates are based on similar factors used to determine personal vehicle comprehensive and collision insurance rates, namely credit of the applicant, garaging zip code, sex, marital status, operator age, as well as driving records of the applicants. For that reason, younger motorcyclists are expected to pay significant amount of premiums if they are trying to get full coverage insurance on expensive motorcycles.

Comprehensive and collision insurance coverage for motorcycles can also be offered with towing and roadside assistance. Progressive motorcycle insurance is one of the know carriers to offer reliable insurance for motorcyclists including towing and roadside assistance.  Motorcycle insurance from Progressive insurance company comes with different types of discounts, despite the fact that Progressive may end up checking your insurance credit score.

Theft of Motorcycles is Easier

Also, the theft of motorcycles, which is covered under the comprehensive coverage of the policy, is much easier that stealing a personal auto policy, and, perhaps, is more tempting. For that reason, comprehensive insurance for motorcycles that covers theft and fire is more expensive, relatively speaking.

Shopping for full coverage insurance for your motorcycle requires patience. Contacting an independent representative is the key, especially for people with credit problems. Most captive agents (those who deal with single carriers) may require credit check before providing the final quotes. Independent agencies, on the other hand, have access to wider ranges of insurers that provide different types of coverages for motorcycles.
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