You are required to purchase insurance in Connecticut if you own a motorcycle regardless of the frequency you drive it. If you do not have insurance and are pulled over by a police officer you may have to pay hefty fines and can even have your motorcycle seized until you can provide proof of insurance. This law helps protect all motorists including you in the event of an accident.
How Much Does Motorcycle Insurance Cost?
motorcycle insurance cost in New Britain varies depending on certain factors. Your driving record, age, gender, type of motorcycle and your insurance agency all affect the cost of your monthly payment. As you will find, the cost of motorcycle insurance is significantly lower than auto insurance. This is usually due to the fact that it is generally cheaper to repair or replace a motorcycle than it is an automobile. If your driving record is squeaky clean you may be able to get motorcycle insurance for as low 10 dollars a month depending on the policy you choose.
Types of Insurance
There are two main types of insurance. The state minimum is liability insurance. This type covers the cost of the other person’s vehicle damage and medical bills in the event that you are found to be the responsible party in an accident. However, it does not cover repair to your motorcycle or any of your medical bills. The other type of insurance is full coverage. If you are in the process of buying a motorcycle but do not yet own it, the company you have the loan with typically requires you to purchase full coverage insurance. Many dealerships even require you to purchase full coverage insurance before you can drive it off the lot. This insurance covers your motorcycle repairs in the event you are the responsible party in an accident. You may want to add un-insured insurance to your full coverage policy in the event that another party is liable in an accident but does not have insurance. This way, repairs to your motorcycle will still be covered by your insurance. Comprehensive insurance is another option you can add to your full coverage policy. This covers damages to your motorcycle caused from fire, flood, weather, vandalism and theft.
Benefits of Insurance
Knowing that you will have financial assistance in the event of an accident is priceless. It gives you peace of mind to know that you will be able to get back on the road following an accident with minimal out of pocket cost. You can also rest assured that you will not have to pay expensive no insurance tickets if you get pulled over by a police officer.
Auto-Cycle Insurance Inc. offers motorcycle insurance that costs as low as $126 a year in New Britain. They have been in business for over 30 years and have been providing motorcycle coverage since 1984. Visit them on the web at http://autocycleins.net/