The most important thing to do when you get a motorcycle is to shop for motorcycle insurance. Take the time to research your options and buy the best coverage you can. You never know what will happen, so you should make sure your insurance covers things like accidents.
The most common mistake that most people make is to just settle for the first motorcycle insurance quote they get. They call up their auto insurer and ask to have their new motorcycle added without even asking about the price or coverage. Or they Google motorcycle insurance, go to the first website and apply for a policy. There is a huge difference between insurance companies, both in terms of coverage and price. If you take the first quote you get, chances are that you're not getting the best policy or the best price. That might be a fine way to shop for something small, but motorcycle insurance is expensive and it's a recurring cost, year after year. It's well worth your time to do a little homework.
Start off with some reviews. Look at Consumer Reports or JD Powers websites. Consumer Reports compares and reviews products, including insurance. JD Power conducts surveys of customers to see which insurance companies have satisfied customers. Write down the names of a few insurance companies that get high marks.
Next write down what you need in a motorcycle insurance policy. Everyone is different, and your needs are likely to be different than the next person's. Everyone needs liability insurance. It's required by law. How much liability insurance you buy depends on your financial situation. What about medical coverage for you in the event of an accident? If you needed to be hospitalized, would your health insurance cover the cost? If not, you need to make sure this is covered in your motorcycle insurance. Also look into whether your passengers would be covered. Do you want insurance for your motorcycle? If it was damaged or destroyed in an accident, would you want insurance to cover the cost of repair or replacement? What if it was stolen or vandalized? All of these things are not covered automatically. Different policies cover different things. You need to write down what you want before you shop. Fortunately insurance companies are willing to tailor a policy to fit your needs. After all, there are a lot of them out there, and they're competing for your business.
Now that you know your requirements and you have a list of insurance companies, start getting quotes. You can call them, or you can go to their websites for online quotes. Try to compare similar policies so that you can see which insurance company offers the best deal. This can be difficult, because the policy options can be different with each company. If there are differences in coverage or deductible, take that into consideration when your are comparing premiums.
When you think you've picked out the right policy, take a few minutes to read the fine print on the quote. Nobody likes to read this legalese, but it's well worth the effort. You'll be very happy if you find holes in coverage now rather than after you have an accident and it's too late. If you have any questions about the coverage, call the company and ask. Don't just close your eyes and hope for the best.
Once you've selected the right policy for you and purchased it, you can get back to the business of riding your motorcycle!