Is there motorcycle insurance in installments?

Vehicle insurance is a service that raises many questions, especially when we talk about motorcycles. One of the most common is whether there is motorcycle insurance in installments. If you also have questions about this subject, follow this article.

People who know a little about insurance know that when we talk about cars, it is possible to divide the value of the policy, with some insurers, up to six times. But, what about motorcycles, is there motorcycle insurance in installments?

Unfortunately no, insurance companies do not offer motorcycle insurance in installments. However, if you are asking about DPVAT, the answer is yes! Want to understand better? Follow along.

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Understand better how installment motorcycle insurance works

As said, unfortunately there is no motorcycle insurance in installments. However, there are insurance companies that offer to contract this service on a monthly basis, that is, you contract a term of one year, paying a very low amount monthly until these 12 months are up.

Typically, these policies are simpler coverages, in most cases only for theft and theft. However, most of them have 24-hour assistance, which offers services such as locksmith, towing and transportation in the event of an accident, among other benefits.

These insurance policies also tend to be simpler to contract, without so many bureaucracies and details during profile analysis.

However, if your question is regarding mandatory DPVAT insurance for motorcycles, which had its price maintained this year at R$185.50, then don't worry. This can be paid in up to 3 installments, but must be paid at the beginning of the year.

Well, all vehicle categories had a considerable reduction in the DPVAT value, except for motorcycles, which still lead the insurance compensation claim rates.

Understand the difference between installments and term

You may have been a little confused by the information that there is no motorcycle insurance in installments, but it is possible to take out monthly insurance. Therefore, we came to explain this issue better.

The term is the period for which the insurance service contract is valid. In other words, it is the period during which your vehicle will be protected and you will be able to count on compensation if it suffers an accident.

Installment or payment method is the way in which this contract can be paid. When we talk about car insurance, some companies offer installment options ranging from 3 to 6 interest-free installments. In the case of motorcycle insurance in installments, the only way to obtain it is to take out coverage, generally only against theft and theft, insurance that can be paid with small monthly installments during the policy year.