How to choose motorcycle insurance for a young driver?
Content
Young driver motorcycle insurance is intended for anyone who drives a motorcycle for the first time or has a driver's license for less than three years. Thus, if you have just purchased a two-wheeled bike or have just received a license, you are considered a "newbie" in this matter. Thus, regardless of age, you fall into the category of "young drivers". The same applies if for any reason your motorcycle license has been revoked and you need to re-obtain it.
But be careful! Not all motorcycle insurance for young riders is the same. Some warranties are mandatory, others are optional. And to be well insured, you must take the time to choose motorcycle insurance for a young driver.
How to choose a motorcycle insurance contract for a young driver? What is insurance for young drivers? Find out everything you need to know to choose the right insurance before starting your motorcycle trip.
Choosing the Right Motorcycle Insurance for a Young Rider – Criteria to Consider
The most important thing when buying insurance is high-quality and complete coverage. And this, unfortunately, often rhymes with a high premium. That is why among the criteria to be considered when choosing an insurer and then an insurance contract, the price is the least important.
Of course, it is possible to buy good insurance at the cheapest price. But the main thing, especially if you are a young rider, is the maximum possible coverage. And if you also find the cheapest on the market, it is very profitable. To find the best motorcycle insurance for a young rider, you should consider:
- Warranties
- Surprise
- The amount of the deductible
- Exclusions of Warranties
- Amount of compensation
And of course, you also need to make sure that you find insurance that suits your budget.
Choosing motorcycle insurance for a young rider - Guarantees
As a young driver, you will be able to choose between mandatory and optional guarantees.
Mandatory guarantees
In fact, there is only one binding guarantee: third party motorcycle insurance... Also known as liability insurance, this is the only minimum guarantee required by law. Plus it's the cheapest. But it also offers the least comprehensive coverage. It only covers damage (physical and material) that you cause to a third party in the event of a responsible claim. In other words, it does not cover injury or property damage caused to you.
Additional guarantees
Therefore, you are required to take out liability insurance. But if you need more complete coverage, you can add additional options to it. You will have a choice between two additional guarantees: intermediate insurance and comprehensive insurance.
Interim insurance
Interim insurance allows you to take advantage of coverage for specific claims such as theft, fires, broken glass, punctures, natural disasters, etc. It also allows you to obtain a guarantee that will cover the damage you suffer in the event of a responsible claim.
Comprehensive Insurance
Comprehensive insurance, as the name suggests, allows you to get the most complete insurance coverage possible. The contract provides for several guarantees in accordance with the needs of the subscriber: compensation for damage in all accidents, guarantee of theft / fire, assistance and repair in case of breakdown or accident, etc.
Other criteria to consider in order to make the right choice
Make the right choices, in particular, benefit from best possible coverage, you need to pay attention to details such as premiums, deductibles, and warranty exclusions.
Young Driver Motorcycle Insurance – Beware of the extra premium!
Eh yes! Indeed, there is an additional surcharge! Insurers believe that as a young driver, you definitely lack driving experience and pose a greater risk as a result. To avoid this, they will ask you to pay an additional premium in accordance with Article A.335-9-1 of the Insurance Code.
But rest assured the amount of this surcharge will never exceed the base premium. It will then drop 50% from the second year and 25% in the third year, until it is completely canceled 4 years after the contract was signed.
Terms of an agreement
Remember to check the terms of the contract carefully, as a low insurance premium can hide several pitfalls. So take a moment to check before signing the amount of the deductible, that is, the portion you will have to pay despite coverage in the event of a loss. Make sure it's not too tall.
Also note the exclusions from warrantyso that your insurer does not refuse to pay you compensation in the event of a claim under the pretext that conditions were not met or met. And of course, if you are confident that you will receive good compensation in the event of a loss, check amount of compensation... Insurance is useless to you if you end up paying most of the costs due to the damage you incurred.
