There are a number of companies selling motorbike insurance these days and owing to the highly competitive market, motor cycle insurance has become easily affordable today. Several factors affect the cost of premiums while buying motor cycle insurance. Some of them include the model of the car, the capacity and accessory fittings, especially with regard to luxury cars. In addition, the other factors that will decide the premium include the year of make and the mileage run. Most cycle insurance service providers have established tie ups with a number of automobile manufacturers to offer better services.
There are two major types of motor cycle insurance policies, namely comprehensive and third party types. The comprehensive policies cover the risks to people, property damaged as well as the parts of your motor cycle, whereas a third party policy offers coverage only to other people or property. While buying motor cycle insurance comes to your rescue at times of emergency, you should always be cautioned never to get caught by police while driving a bike without proper insurance. More than putting your life at risk, this will also make you face legal consequences. Therefore motorcycle insurance policies are essential key to safe and secure driving.