This last week we received a call from someone who was looking for motorcycle insurance and they had shopped around at all of the usual insurance carriers. I told him that my family owns and works at a local motorcycle dealership in Brea, CA.
As we worked through the insurance quote he felt based on pricing to obtain the insurance with liability only coverage. I would say that most buyers of motorcycle insurance usually pick this option as the cost for full coverage is usually 2 to 3 times the amount of liability only.
When they look at how much they paid for for their motorcycle they quickly figure out that in about 2 to 3 years the amount they paid in insurance premiums would equal the amount they paid for their bike.
Knowing this it is important that you pay cash for your motorcycle and not finance your bike or the finance company will require that you obtain full coverage. They also might require that you carry specific insurance limits that could be higher than you want to obtain.
We love helping our local bikers obtain the needed insurance at a competitive price. If you need motorcycle insurance give us a call and we can help you with a motorcycle insurance quote.