Is there insurance for used motorcycles? Find it out!

For If you have any doubts about whether there is insurance for a used motorcycle, the answer is yes. And it can be easily found on the market. Understand how used motorcycle insurance works and find out which insurers offer this protection for your motorcycle.

The demand for this service has been increasing every day, as motorcycle theft has increased.

To give you an idea, in the state of São Paulo there is a robbery every three minutes.

Therefore, motorcyclists and motorcyclists have increasingly sought to know if there is insurance for used motorcycles and if it is available, as well as for new motorcycles.

To get an idea of ​​how serious the situation is, the chance of losing a motorcycle is very high, as the number of motorcycle thefts has been recorded 3 times higher than the number of car thefts.

In other words, you can no longer risk losing an asset of such value.

Understand better about how it works.

Image: Getty Images

Is there insurance for used motorcycles? How it works?

To get motorcycle insurance, the first step is to get a quote on a specialized website or with one of the insurance companies that offer this service.

When making a request, you can access different proposals.

They usually present what coverage will be available and the prices.

Regarding coverage, it is possible to opt for simpler insurance, such as the one that only protects against theft and theft.

This is recommended for those people who are very concerned about robberies and cannot be left at a loss if one occurs.

The so-called total insurance, in addition to this coverage, also usually protects the vehicle against collisions, natural events, damage to the paintwork, among others.

To get an idea of ​​the value, conventional insurance has a higher value, which varies between 30% and 40% of the total value of the motorcycle.

While, as they have less coverage, insurance against theft and theft is more affordable, and its value normally represents between 20% and 30% of the value of the motorcycle.

Therefore, there is an alternative regardless of the type of driver, and for different budgets.

According to what is contracted and stated in the policy, the driver will be protected and will be able to count on the insurance company's support, should an accident occur.

Is it worth having insurance for a used motorcycle?

Having insurance is always worth it for the security it provides to the insured, as they know that they will be able to minimize their financial losses in the event of an accident.

Furthermore, anyone who uses their vehicle frequently, whether to travel or work, knows that being without it can cause a series of inconveniences and disrupt their routine.

However, it is possible that the value of the insurance may be high, therefore, so that this does not become an obstacle to hiring the service, it is recommended to carry out research before signing up.

Insurance for commercial motorcycles

Some companies do not provide insurance for motorcycles that are used for commercial purposes, such as motorcycle couriers, for example.

This is because the risk of these motorcycles suffering an accident is much greater.

However, there is no point in omitting this information when purchasing insurance, as if something happens that is outside of what is in the contract, the insurance company may not cover it.

Safety equipment helps reduce insurance costs

Motorcycles that have safety equipment tend to have cheaper insurance.

This is because the risk of theft or theft of these vehicles is lower.

These equipment are, for example, alarms, trackers and fuel cuts.

Companies that offer used motorcycle insurance

Knowing that there is insurance for used motorcycles, it is necessary to identify which insurance companies offer this product.

We have separated some of them and the main coverages offered. Check out.

Safe harbor

• Fire;
• Theft;
• Theft;
• Collision;
• Damage to third parties;
• Reimbursement of extraordinary expenses;
• Green card.

Mapfre

• Theft;
• Theft;
• Collision;
• Hail;
• Damage to paintwork;
• Accidents during transport of the motorcycle;
• Expenses related to material damage.

BB

• Theft;
• Theft;
• Collision;
• Floods;
• Falls from cliffs or bridges.

Suhai

How much does used motorcycle insurance cost?

The insurance value varies according to the motorcycle model, coverage contracted and the driver's risk analysis.

To give you an idea, see some examples.

Insurance value for used motorcycle 2017

Insurance value for used motorcycle 2016

Insurance value for used motorcycle 2015

Used motorcycle insurance value – 2012 and 2014

Curiosities about motorcycle insurance

There are some factors that affect the value of insurance and few people know about them.

For example, the larger the engine capacity, the more expensive the insurance will be.

The justification for this is that the number of engine displacements influences the motorcyclist's chances of traveling at high speed, which, consequently, increases the risk of accidents.

Furthermore, contrary to what many people think, insurance for more sophisticated motorcycles, which are used almost exclusively for events, can be cheaper when compared to insurance for other motorcycles.

This is because these motorcycles tend to run less and on quieter roads, and they tend to receive more attention and care from their owners.

Attention! Be careful with pirated insurance!

The cheapest option is not always the best, so the ideal is to research as much as possible.

However, you need to be careful with pirated insurance, which are called “associations”, “cooperatives” or even “vehicle protection”.

These companies are not considered insurance companies and are not supervised by the highest body for this type of service, SUSEP (Private Insurance Superintendence).

These companies may even appear as a cheaper solution at first, but later, when it comes to requesting compensation, they may refuse or even disappear.

Now that you are informed that there is insurance for used motorcycles, you can think about taking out this protection for your vehicle.

To do this, just ask for a personalized quote and choose your next insurance policy.

*Source: MeuSeguroNovo. Consultation carried out in January/2020

*This text is editorial content and does not guarantee the sale of this product on this website.

*Seguroauto.org is not responsible for the values ​​mentioned here, as the price of insurance may vary depending on the profile of each driver.