The Biggest Lie With Bike Insurance

So far as bike insurance and bike insurance calculator is concerned, there are certain common myths and lies surrounding them. Not only are these far from the truth, but also they can be potentially deteriorating to the concerned policyholder.

Minimum State Required Coverage

• One of the most common lies surrounding bike insurance is that one needs only the minimum state required coverage.
• The common misconception in the minds of people is that bike is potentially less damaging than a car. Therefore, only the state required coverage of insurance needs to be met.
• However, it should be made clear that no matter it is a bike or a car, both can be equally damaging. Therefore, it is extremely important to understand the core requirements in the case of bike insurance as well.
• A common instance will the make the point simple: what if a bike ends up causing a mishap lading to numerous vehicles piling up? 
• Needless to say, the concerned bike may not be causing all the petty damages but it will be liable for it just the same.
• Therefore, one should never yield to this myth: buying an insurance coverage that invariably ensures that any incident regarding a bike and the owner of the bike will be covered by the insurance policy.

Car Accidents cannot affect Bike

• Another very common misconception regarding motorcycle insurance is that accidents that occur to one’s car cannot affect the prospects of the bike insurance.
• However, it is grossly incorrect. One should clearly underscore the fact that accidents that occur to one’s car can very much affect the prospects of the bike insurance.
• Even if the concerned car is insured with a different company altogether. The concerned insurers do in fact take into consideration an individual’s overall driving record.
• Therefore, it is very clear that car accidents with a separate insurer matter as much as a bike accident.
• It invariable follows that in order to keep the quotes of the motorcycle insurance low, it is very important to try to be safe while on the roads irrespective of the type of vehicle.
• It must be made amply clear anything one rides on a road will directly have some kind of an impact on bike insurance.

Lie about Parking Tickets

• Another very popular lie with bike insurance is that parking tickets would inevitably augment the insurance payments.
• Given the ubiquitous nature of parking tickets, it is vital to understand the importance of this widely propagated myth.
• Generally speaking, parking tickets will not have a major effect on the price one shells out for bike insurance.
• So far as the driving record of an individual is concerned, it must be amply made clear that parking tickets generally do not account against it from the perspective of the insurance company.
• So one need not fret about the costs adversely affecting the amount one generally shells out on a monthly basis so far as the insurance premiums are concerned. 
• However, a very important thing to keep in mind is that unpaid fines can have a considerable effect on the bike insurance.
• Therefore, it is very important to not let the penalties pile up.

Involvement during an Accident

• Many people tend to yield to the idea that if their bikes cause accidents due to the fault of the rider it is solely the concerned rider’s liability to their respective insurance provider.
• However, it should be made clear that the insurance provider of any third party riding the bike will not cover the charges.
• It is very important to keep in mind that once the concerned individual hands over the keys to any one else, he or she also hands over the liability.
• Therefore, it should be thoroughly understood that in the case of any vehicular mishap, it is the owner of the bike and his insurance provider that matter and not the temporary rider.

The importance of Credit History

• Another common myth regarding bike insurance is that an individual’s credit history has really nothing to do with one’s insurance premium.
• However, it should be made clear that there is a difference between credit score and insurance score. 
• Therefore, invariably the risk of filing an insurance claim is different from a credit risk.
• As a result, it is a rampant fallacy to infer that one’s credit history or credit score has nothing to do with one’s insurance premium.

Collision and Comprehensive Coverage

• Another myth: comprehensive and collision coverage are essentially interchangeable.
• However, one should recognize the fact that comprehensive and collision coverage are not the same.
• While the former provides insurance for damage not caused by collision, the latter insures against accidents.
• Therefore, comprehensive and collision coverage are strictly not synonymous.