Why is it difficult to get comprehensive insurance for motorcycles?
2 Answers
Motorcycles can indeed purchase comprehensive insurance, but it's rare for insurance companies to underwrite such policies. Most insurers only offer compulsory traffic insurance for motorcycles separately. Therefore, motorcycle owners who wish to obtain comprehensive coverage should first call the insurance company's customer service to inquire about the relevant procedures, processes, and fees. It's advisable to thoroughly understand the availability of comprehensive insurance before proceeding. Detailed introduction to commercial vehicle insurance: Comprehensive Insurance: Covers losses to the vehicle caused by natural disasters and accidents, recommended for novice riders. Third-Party Liability Insurance: Compensates for bodily injury or death of third parties caused by the policyholder, mandatory as it provides protection for both the rider and others. No-Deductible Coverage: An add-on that transfers the policyholder's share of liability to the insurer, reducing the rider's losses. It's advisable to purchase this if you have both comprehensive and third-party liability insurance. Theft Insurance: Covers losses due to theft, robbery, or forcible seizure of the vehicle, recommended for owners without garages. Passenger Liability Insurance: Compensates for injuries to the driver and passengers in accidents, usually charged per seat, recommended for novice riders or family vehicles. Spontaneous Combustion Insurance: Covers losses from fires caused by electrical or wiring issues, suitable for older motorcycles. Glass Breakage Insurance: Covers damage to windshield and window glass separately, recommended for those frequently riding in unsafe areas due to high replacement costs. Scratch Damage Insurance: Covers losses from intentional, malicious, or accidental scratches on the vehicle body.
As a young person who frequently rides motorcycles, I find it quite frustrating that comprehensive insurance for motorcycles is often unavailable, mainly due to the high risk of accidents. Think about it: motorcycles are more prone to accidents than cars, and even a simple fall can cause significant damage to the entire bike. Repair costs can easily run into tens of thousands, and insurance companies aren’t foolish—they’ve crunched the numbers and realized that payouts far exceed the premiums collected, so they’d rather not offer coverage at all. Additionally, motorcycles are more likely to be stolen, leading to higher claim frequencies, which makes insurers deem it unprofitable. In many regions, regulations also don’t support it, prioritizing car insurance over motorcycles due to safety concerns. As a result, many insurers simply refuse coverage or only offer theft protection. I’ve even tried installing anti-theft devices or taking riding courses to reduce risks, but comprehensive coverage remains hard to obtain. This has made me more cautious about safety measures, like wearing full protective gear and regularly inspecting my bike.
