Understanding The Intricacies Of Insurance

3 Questions About Pay-Per-Mile Motorcycle Insurance

Do you have a motorcycle that you use occasionally, but you're not too excited about paying full price for motorcycle insurance? If so, you may want to consider pay-per-mile motorcycle insurance instead. It is a different way to get the insurance coverage you need, and it bases your coverage on how often you use your motorcycle. Here are a few questions you are likely to have about this different kind of insurance.

How Does The Bill Work?

While every type of car insurance is different, most pay-per-mile car insurance providers work similarly when it comes to your coverage. You pay a base rate for simply having the insurance, which is much less than what you pay for your normal insurance premiums. You are then charged for each mile you drive, with a mile only costing you a few cents. This means that if you didn't take your motorcycle out during the month, you only base the base rate for that month and still have all the additional coverage you want in terms of protection from damage and theft. 

How Is The Mileage Calculated? 

Mileage calculation can be done in one of two ways. A device from the insurance provider will track exactly how many miles you travel, which is then transmitted back to the insurance provider to calculate your payment. It is all done seamlessly and in the background, keeping the entire process simple.

The other method involves taking a photo of your odometer and sending it to the insurance company. This can be a bit more cumbersome, but it may be the only option depending on the type of motorcycle that you are driving.

Who Is Pay-Per-Mile Motorcycle Insurance Best For?

Consider pay-per-mile motorcycle insurance when you do not frequently use your motorcycle, or go long periods of the year where you do not drive it. For example, if you live in a part of the country with harsh winters, you are likely storing your motorcycle away for the winter months and not driving it, but you still want it protected from other damage. You may also live in a place where there are really hot summers and you would much prefer your air-conditioned car during the summer months, and the motorcycle doesn't get used then either. By paying per mile, you can keep the motorcycle in storage and pay the bare minimum when it is not being used. 

Contact an insurance agency for more information.