Frequently Asked Questions(FAQ)

What makes a motorcycle totaled?

A motorcycle is considered totaled when the cost of repair exceeds a certain percentage of its actual cash value (ACV). This percentage varies among insurance companies, but is typically around 70-80%. If the damage to your motorcycle exceeds this threshold, it may be deemed a total loss, and the insurance company will reimburse you for the ACV of the bike.

Is it worth getting full coverage on a motorcycle?

Whether or not getting full coverage on a motorcycle is worth it depends on several factors, including the value of your bike and your personal preferences. Full coverage typically includes liability, comprehensive, and collision coverage. If you have a new or expensive motorcycle, full coverage can provide financial protection in case of theft, vandalism, or damage from accidents. 

However, if your bike is older or has a lower value, you may choose to forego full coverage and opt for liability-only insurance to save on premiums.

Why is my motorcycle insurance so cheap?

Several factors can contribute to relatively cheap motorcycle insurance. Some possible reasons include having a clean driving record, a lower-risk bike model, and being eligible for certain discounts, such as a mature rider discount or completing a motorcycle safety course. Additionally, different insurance companies may offer various rates, so it's worth shopping around for the best deal.

How can you lower your motorcycle insurance rates?

There are several ways to lower your motorcycle insurance rates. Maintaining a clean driving record and avoiding accidents or traffic violations can help keep your rates low. Completing a motorcycle safety course can sometimes qualify you for a discount. Adjusting your coverage options, such as increasing your deductible or reducing coverage limits, can help lower premiums. And finally, bundling your motorcycle insurance with other policies, like your auto insurance, may also offer savings.


About the Authors

Sarah Brooks

Written by: Sarah Brooks

Personal Finance Writer and Editor

Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.

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