by SocialRider
I had a coupld of friends that have motorcycles and some that have cars. They don’t pay for their own insurance but i wanted to know if by any chance if motorcycle insurance is cheaper then auto insurance. I know auto insurance these days are sky high. But since a motorcycle is a lot smaller, shouldn’t insurance for it be cheaper for it?
Actually because of the fact that a motorcycle is much more dangerous, in most cases much faster, and has a higher risk of being stolen, hit, or damaged motorcycle insurance in most cases is MUCH higher than car insurance. Sorry to deliver the bad news. Merry chrismas. Oh yeah and it depends on where you live too. My insurance isnt too bad because where I live I can only ride my bike for a few months of the year. If you live somewhere that is warm year round then you will need year round insurance so that will make a difference too.
When I was 21 I bought a CBR600 and full coverage was going to be $1900/year. Liability was only $185/year. I was told that since my 400 pound bike wouldn’t do much damage to a car I slammed into that liability was pretty low while all of the plastic would need to be replaced if the bike went down so full coverage was high. They would like it even better if I slid off the road because they don’t have to pay to repair trees and grass. 11 years later I have full coverage and pay about $300 a year on the same bike because I am 32 with a clean record and married and all the boring things insurance companies like to hear. I would imagine a cruiser would be much cheaper just because of the generally more sedate riding style of people attracted to cruisers.
This really depends on your location and the kind of bike your talking about. In many states (with an actual snow-filled winter season) they can insure the motorcycle for half the year, since most people wouldn’t ride in a harsh winter. However, I for example, live in Phoenix Arizona, so I have the pleasure of paying year round for my bike. Also, if you finance the bike, they would want full coverage which will significantly increase the price of your premium. As for the kind of bike, again, I have the privilege of living in Phoenix in which the most expensive common motorcycle to insure is the Suzuki GSX1300R Hayabusa, which happens to be the bike that I own. When I initially moved here from San Diego, by bike insurance shot up to $1700 vs. my insurance for my Mercedes which is $1300. I was finally able to drop my bike insurance by eliminating Collision coverage, but it’s still pretty high. My case is exceptional, as the majority of the time motorcycle insurance is usually significantly cheaper than car, but it proves that it can exceed car insurance given the right variables. If you don’t own a bike yet, I suggest calling different insurance companies and pricing different motorcycles that you are interested in…this should give you a good idea and point you in the right direction. Good luck.
...21.08.10
The Manchester area remains a danger zone for these crash-for-cash accidents. Figures published today by the Insurance Fraud Bureau (IFB), which co-ordinates investigations into fraud, show it ranks fourth in a postcode league of staged accidents.
Crooks deliberately cause a crash, typically by braking suddenly to force an innocent driver to run into the back of them. They then submit an expensive series of claims against the other driver and their insurer.
Five of the top ten fraud hotspots are in the North-West. But the problem remains a nationwide menace, with bogus accidents also rife in Birmingham and parts of London.
The Gallanders' crash happened in October 2007. But Alma and Eric, a retired butcher, eventually saw justice done earlier this month when the ringleaders of the gang behind their ' accident' were convicted of conspiracy to defraud.
Brothers Rezwan Javed, 33, and Rehan Javed, 35, from Burnley, Lancashire, ran accident management
Source: Daily Mail
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