Motorcycle Insurance Killeen: Commonly Asked Questions

by Administrator 14. December 2015 13:17

Insuring your motorcycle will give you peace of mind and help to enjoy your bike ride to the fullest. Every bike owner wants to know what all coverage is required for his vehicle and how he can save money on overall insurance costs. There are several questions that you need to be clear about. Following are some of the commonly asked queries about motorcycle insurance:

How much cost do I need to incur for my policy?

While some states require you to get a certain type of coverage for your bike, others may not make it mandatory. Broadly, you require two major types of coverage in your motorcycle insurance policy – Uninsured Motorist Coverage and Bodily Injury Liability. The rates for both these types need to be at least $100,000 per person/$300,000 per occurrence.

How is my motorcycle insurance rate determined?

Some of the factors that establish your insurance rate are:

  • Type of motorcycle you own
  • The area where you reside
  • Your driving history
  • Age
  • The types of coverage mandatory for your bike under state law
  • Your financial history

Is my optional equipment covered?

If you have got a customized seat or a special part in your motorcycle after buying from the manufacturer, make sure to ask your insurer if all the optional equipment are covered in the policy. There are many policy providers who give comprehensive coverage but it may differ from agent to agent.

Should I buy collision coverage if I possess an old bike?

This will entirely depend on your situation. If you think your bike is less in worth than the amount of money you are paying for collision coverage, it is advisable to limit or drop collision coverage. However, if you are still repaying your motorcycle loan, the bank will require you to protect its investment with collision and comprehensive coverages. In case you completely let go off this coverage, you will have to incur the entire cost of repair or replacement. Therefore, you need to find a middle path and balance both the factors.

Can I avail any discounts?

There are some insurance agencies that offer multi-policy discounts. So, apart from your bike you can also buy another policy from the same insurance provider. Confirm from your respective agency as to what all multi-policy discounts they offer their customers. As far as motorcycle-specific discounts are concerned, you can get concession if you have undertaken safety courses, have an airbag or anti-lock brakes etc.

What are the available payment plans?

Most of the insurance agencies will give you the flexibility of paying your premium in full or installments. It is wise to confirm from your provider what all options they have in store for you.

If you are looking for affordable motorcycle insurance in Killeen, TX, feel free to contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535.

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How To Save Money On Motorcycle Insurance

by Administrator 20. October 2015 13:07

Riding a motorcycle without comprehensive insurance is not only risky but also illegal in many states. With the increased number of road accidents, insurance becomes a necessity to protect yourself against any sort of financial liability. However, you need not always spend a fortune to insure your motorcycle. Here are some of the tips that can help you help save on motorcycle insurance:

  • Increase deductible: A deductible is the amount of money that you need to pay towards the insurance claim before the policy comes into effect. You can raise the deductible in order to reduce the premiums for motorcycle insurance. By increasing deductible by a few hundred dollars, you can save up to 30% on your total insurance cost.
  • Avoid making frequent claims: To reduce your insurance rate, avoid filing claims for small and trivial damages. If you will make claims frequently for minor repairs, the insurance company is likely to charge a higher rate. Hence, you should try not to make more than one claim in a year. 
  • Check for discounts: An insurance agency may offer discounts to motorcycle owners who use their bikes less often. It may also offer reduction in rates if your bike has some safety features installed or you have completed a driving course. By availing such discounts, you can easily save some money on your motorcycle insurance.
  • Keep your driving record clean: To enjoy lower insurance rates, make sure you keep your driving records clean. A skilled driver may have to pay less for insurance as compared to one who is more susceptible to accidents. Avoid including any other driver with poor driving record to avoid paying hefty premiums. Having a teen rider in your policy can also make your insurance rates soar.
  • Avoid paying coverage you do not need: You can skip the coverage that you do not need. For instance, if you are going to ride the motorcycle alone, you can avoid paying for guest passenger liability.
  • Choose your motorcycle wisely: Certain sports models or high performance bikes are deemed risky by the insurance company. Therefore, you should choose your bike according to the premiums you are willing to pay. Make sure you do a thorough research before buying the bike.

We, at Shawn Camp Insurance Agency, Inc., offer a wide range of motorcycle insurance policies in Killeen, TX. Our agents will help you select the most suitable policy according to your budget and coverage requirements. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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Motorcycle Insurance Jargons Explained

by Administrator 7. September 2015 12:45

If you are planning to buy motorcycle insurance, you might have come across several terminologies that seem difficult to understand. However, having a proper knowledge of these terms is important to ensure that you are getting the best deal. Here are some of the common motorcycle insurance jargons along with their simplified explanation:

  • Agreed value: It is the amount that insurance company sanctions to insure your bike. The amount is based on the value of your motorcycle depending upon its make and model.
  • Sum insured: It refers to the maximum amount that the insurance company will pay in case of the total loss. The sum insured is explicitly mentioned in the policy schedule. You must review the sum assured at each renewal of the policy.
  • NCB or NCD: These abbreviations refer to No Claim Bonus or No Claim Discount. Their amount varies depending upon the period you had motorcycle insurance without making a claim.
  • Endorsement: It refers to the changes in the terms of the policy.
  • IPT: It is the Insurance Premium Tax that is levied by the government on all the insurance premiums.
  • Policy Schedule: It mentions the details of the coverage offered under the insurance policy.
  • Certificate: It is the document of proof that you have bought the motorcycle insurance. You may need to show the certificate to police when required.
  • Excess: In case you need to make a claim, you may have to pay a small amount initially, which is known as excess. Paying excess is compulsory and you can choose how much you are willing to pay. The more you pay, the lesser will be the premium.
  • Exclusion: A provision that explains what circumstances are not covered under the policy.
  • Period of cover: The time period for which your bike is insured.
  • Premium: The premium defines the monthly or annual amount that you pay for your motorcycle insurance. This depends upon the type of insurance you buy and the potential risk of damages or loss to your bike.
  • Protected bonus: This is the extra amount paid to protect the no claim bonus so that if you make a claim, you are still able to keep your no claim bonus.
  • Renewal: Renewal is the offer by the insurance company that allows you to renew the policy for another term. The renewal notice mentions all the details of the premium, amount of cover, excess value, agreed value, and so on.

We, at Shawn Camp Insurance Agency, Inc., can help you choose the most suitable motorcycle insurance in Killeen, TX. For more information, you can call us at (254) 526 – 0535.

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Choosing The Right Motorcycle Insurance Coverage In Killeen

by Administrator 19. August 2015 07:34

Getting your motorcycle insured is necessary to mitigate the risks and costs that may occur in case of accidents or breakdowns. It is even mandated by the law and it is illegal to drive a motorcycle without a comprehensive insurance. However, it is necessary to choose the appropriate coverage to make sure you are fully protected from any unanticipated losses.

Following points will assist in choosing the right motorcycle insurance coverage:

  • Liability Insurance: If you are responsible for causing any injury/harm to a third person or any property, then liability insurance will help to cover those damages. Some policies may also offer guest coverage which is meant for the pillion rider that may be present on your vehicle.
  • Collision Coverage: In case of an accident, irrespective of who is at fault, the collision coverage will pay for the repair costs of your motorcycle.
  • Comprehensive Package: This coverage option helps in protecting your motorcycle from non-accident related occurrences like theft, fire or vandalism.
  • Uninsured or Underinsured Motorist Coverage: If the person who caused you injury is either uninsured or underinsured and cannot match the extent of your expenses, this policy will cover your damages. 
  • Parts and Equipment: Normally if you have collision or comprehensive package, some part of equipment replacement is already covered. However, you can also opt for a separate coverage under which costlier parts will also be insured against damage. Make sure you ask your insurance agency about this.
  • Road Side Assistance: In the event of an unexpected breakdown of your motorcycle, your vehicle will be towed to the nearest service station for repair. You should check if labor costs are included in this policy or not.
  • Medical Bills Coverage: In case there is a need for any medical assistance after a collision, this coverage will help to pay the hospital bills, subject to the limit of your insurance policy
  • Look for a Discount: Since there are many motorcycle insurance policies available, it is important to compare all of them and choose the one that offers best discounts and offers.
  • Additional Benefits: You should also ask your insurance agency about any other benefits that they would offer on your motorcycle insurance.

We, at Shawn Camp Insurance Agency, Inc., provide comprehensive motorcycle insurance in Killeen, TX. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Motorcycle Insurance In Killeen, TX

by Administrator 11. March 2015 08:19

Motorcycle accidents can cause injury to self and others along with damage to the motorcycle. Thus in order to protect yourself and your vehicle you must buy motorcycle insurance. Your insurance policy cover will offer you financial assistance in case of an accident.

Why motorcycle insurance is important?

  • Legal Requirement: Motorcycle insurance is a legal requirement and riding a bike without valid insurance is a traffic offence. This can lead to huge fines, penalty points and legal actions. In extreme cases it can also lead to cancellation of your driving license.
  • Protects Financially: With insurance, you can be rest assured that in case of an accident, basic third party cover will compensate for property damage and medical bills. Due to lack of insurance, you will have to bear the financial responsibility of the losses solely. However if you have third party fire and theft protection cover, then your insurance company will compensate you for repairs. This enhances your protection cover. You can invest in comprehensive motorcycle insurance to cover your bike against accidental damages, theft, fire and any legal claims.
  • Enhances Security: Insurance plans with added features increase your security and safety. Such covers include breakdown covers, legal expenses coverage and personal accident protection. You can get customized plan to insure your motorcycle.

A number of insurance companies offer competitive motorcycle insurance policies. Thus in order to derive maximum benefits at the most affordable prices; you should always compare the policies. You should ask certain questions to the agent to understand all the aspects of the policy and the way it affects your case.

Questions that you should ask an insurance agent before buying motorcycle insurance

  • Inquire about the cash value of your motorcycle, as it decides how much compensation you will receive if your bike is damaged in an accident.
  • Ask insurance provider how they calculate the cash value
  • Ask how your motorcycle is classified, as the high performance bikes or high-speed bikes are expensive and come with high insurance premiums.
  • You should enquire about any available discounts
  • Inquire if doing any training course will lower your insurance rates
  • Confirm what forms of coverage are compulsory.
  • Ask the agent about optional coverage, which may include comprehensive, collision, etc.
  • Inquire about how much insurance you need and how can you get the best rates
  • Ask whether any club membership can reduce the rates or not
  • What is the procedure for making claim

By getting answers to these questions, you can have better understanding of your motorcycle insurance policy.

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