Ways to Find the Cheapest Full Coverage Motorcycle Insurance

A full coverage motorcycle insurance policy includes many protective covers for the vehicle and the owner, which makes it a tad expensive, compared to others. How does one get an inexpensive insurance policy, in such circumstances? The simple answer is, by understanding underwriting and actuarial evaluation factors.

When you purchase insurance for the motorcycle, you become a policy owner and have to pay a premium to the insurance company, based upon which, it covers or provides financial protection against unexpected expenses incurred as a result of any damages to the vehicle.

Now, when you become the holder of an insurance policy, the company views you as a potentially risky asset. It tries to assess the possibility and probability of you getting into an accident or the possibility of an expenditure being incurred. The premium depends upon the probability of the vehicle incurring damage. The rule of thumb is that more the probability or risk of damage, more is the premium amount. This concept of determining risk is known as actuarial science and underwriting. By knowing the factors that increase the risk and therefore, the premium, you may find out ways to reduce the amount.

Features of a Full Coverage Motorcycle Insurance Policy

A full coverage motorcycle insurance is the kind that provides a comprehensive indemnity or protection against future loss to motorcycle owners. The words ‘full coverage’ imply that it is granted for several losses or expenditures that may come up for the vehicle. The elements or expenditures that are covered are mentioned in the insurance agreement. Since there are more number of indemnities that are included in the policy, the overall cost of the policy often turns out to be high.

The standard cost of repair is covered by the policy and related costs such as that incurred for towing is also included. Some of the best policies also cover the costs of third-party repairs, if the insured person has been at fault.

Property damage is another element that is covered in such a policy. The damage to public property as a result of the motorcycle or any another damage to property, which is not a vehicle, is also covered.

The third important element is the liability insurance coverage. In cases where the motorcycle or its owner is responsible for damages, the liability insurance component provides coverage.

It must be noted that there are different instances, probabilities, and possibilities of the compensation being granted. Underwriters and insurance company representatives often consider several aspects before granting a compensation against the claims made. The compensation is also never fully granted and the insured person has to pay some amount, which is termed as the deductible.

To sum up, the most common features of such a policy include bodily injury and property damage liability coverage, collision coverage, uninsured/underinsured motorist coverage, personal injury protection (PIP) or no-fault coverage, comprehensive coverage (includes compensation for a stolen motorcycle), total loss coverage, and medical payments coverage. Some companies also offer custom parts and equipment insurance as part of comprehensive coverage. The more the damages covered, higher is the premium.

How to Land Up with the Cheapest Full Coverage Motorcycle Insurance

As mentioned above, the cost of the insurance or rather the premium depends upon the underwritten risks of the insured person or object. There are some simple ways in which the premium amount can be reduced.

Shop Around and Compare Prices

Just shopping around for quotes and comparing them, will get you cheaper quotes. There are hundreds of companies that provide auto and vehicle insurance. In fact, there are some companies which specialize only in motorcycle insurance. Among the available options, you are bound to find an inexpensive one, that offers the best tradeoff in terms of features.

A Clean Driving Record

An important aspect, that is considered by the companies, is your driving record. Hence, the better your record, lesser is your premium. A good step to cheapen your premium is to join driving classes. This considerably lowers your premium and will brighten the chances of getting a cheaper one.

Opt for a No-frills Motorcycle

The specifications of the motorcycle also affect the cost. Hence, if it is an advanced expensive model, the premium is bound to be huge. However, if the motorcycle is a standard manufactured one, the premium is bound to be bit low. The engine capacity of the motorcycle also matters a lot. The basic equation is that more the engine capacity, more is the premium going to be.

Choose Safer Motorbike Alternatives

Next off, the type of the bike also matters. A cruise bike has a lower probability of getting into an accident, in comparison to a sports or mountain bike. Ergo, your choice of bike will inherently affect the cost involved.

Bolster Safety Features

Adding a good pair of brakes, parking the bike in a garage, using a helmet, good safety clothing, and using safety accessories are some of the other things that would bring down the premium rate. Factors such as age and medical conditions also play an important role in determining the premium amount.

Older You are, Better Deals You Get

One of the few compensations of growing older is landing up with cheaper motorcycle insurance. Yes, if you are past your 30s, your premium value is bound to go lower as actuarial databases show a lower risk of people within your age group, driving bikes recklessly. On the other hand, those in their 20s or individuals below 20 years of age should expect a higher premium.

Customize Deductibles and Coverage Features

Many insurance companies offer customizable policies, where you can choose the deductible and coverage features, according to your requirement. This gives you room to control the cost of a charged premium. Higher the deductible you opt for, lower is the premium that you need to pay.

Look For Discounts

Depending upon your usage pattern of the bike and its specifications, the insurance agent might offer you discounts. For example, if your bike has a higher safety rating or if you only use it occasionally, logging only a few miles a week, you may get a cheaper insurance premium.

Safer Neighborhoods May Lower Premium Cost

If you happen to be living in a neighborhood with low crime rate, it will lower your premium costs. However, people living or working in high crime rate areas should expect slightly expensive premiums.

This insurance is actually quite expensive and would amount to a bit more than the premium for a car. Driving safe is the most prudent way of reducing costs. That way, you save money spent on damages and reduce the hazard on roads for other individuals. Some of the best companies to shop for motorcycle insurance include Allstate, Progressive, Nationwide Insurance, and State Farm.

Ways to Fix an Oil Leak in Your Car

Have an oil leak and don’t know how to go about repairing it? The following section will focus on the steps that you should follow in order to deal with this problem and find a proper solution.

Determine the Place
First, it is important to find out where the leak is coming from in order to repair the same. See if it’s coming from the engine or the brakes, is it motor oil or is it the valve that is leaking. Here’s what you do, place a cardboard under the car, covering the entire car and mark it―that is the different tires, the engine etc., on to the cardboard. Now leave it overnight. When you check in the morning, you’ll see where the leak is coming from. The part that is leaking will form an oil patch on the cardboard.

Check for Valve
Check if the valve covers are tight. See if you can find any leaks there. Start by making sure that the valve cover bolts are tightened. You will need a proper socket wrench or screw driver for that. When you tighten all the valve bolts, it will probably be all that was needed for the leakage to stop.

Use a Solvent
In order to find any other leaks you’ll have to spray and clean other areas to determine if they are leaking as well. Do this by spraying the areas that might leak with carburetor cleaners or degreaser cleaners.

Check the Oil Pan
See that the oil drain plug is not stripped and is tight. If you find a hole in the oil pan it could be due to running over a rock. The remedy for this is to screw a bolt (of the proper size) into the oil pan. It can also be repaired by a steep putty. After this, make use of a socket wrench to check and verify whether all the bolts that attach the engine and the oil pan are tight.

Check the Oil Filter
Another probable cause for an oil leak could be due to the oil filter. The leak might be happening due to the oil filter not being properly installed or because the oil filter has bent, maybe due to off road driving. This will require you to change the oil filter. The faster the better. The more you wait, the more the unburned gasoline will drip into the engine oil and make it leak.

Get Help
You might adopt all these steps if you know how to carry out some car maintenance yourself. However, if you are not aware of any repairing whatsoever, it is better to get the help of a professional mechanic. Do not in any way, dissemble a part or screw in something that you know nothing about. You might end up making the situation worse and have to pay much more than what you would’ve been required to pay, had you gone to a mechanic in the first place. And the repair cost which is a little high to begin with (in the range of $ 500 to $ 2000) depending on the part that has got a leak, will be even higher if you tamper with it yourself.

So now that you know a few things about oil leak repair, it will be easier to take control of what would’ve seemed to be a hopeless situation.

How to Leasing a Car and Make an Informed Decision

One of the first and foremost tips is to weigh all the pros and cons of leasing, compare fares against buying a car and then take your decision. Looking at some of the advantages of renting a vehicle – it does not cost much, you won’t have to spend much on maintenance especially if its warranty period is still current. On the flip side, leasing means “restricted usage”, i.e., almost all agreements put a restriction on the number of miles a vehicle can be driven. Secondly, termination of the agreement can be very expensive, sometimes so costly that even the insurance is unable to cover it. Following are some tips you need to follow before you decide to lease a vehicle.

Do Market Research
Begin by researching the market. Check what kind of vehicle appeals to you, depending upon the individual features of each car in the segment that you want. After you have zeroed in on a particular model, do some more market research, this time on the number of dealers who stock this model. If there are a lot of dealers, you can negotiate for a good deal. The third thing that requires some research is to determine the market value of the vehicle. Once you have these figures with you, it will make negotiating fairly easy.

Check and Test Drive
When you are visiting dealers, along with test driving the car, see to it that its color, machinery, equipment, etc., is in place. Repeat the same process before finalizing the agreement, as every defect in the vehicle will cost you in the end.

Meet different Dealers and Negotiate
Negotiation with the dealers before signing the lease is very essential, as it will help you save a lot of money. However, before negotiating, be aware of how the dealers set the monthly payments. In the agreement, the price of the vehicle is known as the capitalized cost, and the residual value is the value of the vehicle when the lease ends. Monthly payments are determined when the residual value is subtracted from the capitalized cost (to which taxes, interests, dealer fees, and closing fees are added). The value which is left is actually the depreciation value of the vehicle, and it is this which is divided into the monthly payments.

When on the negotiation table, the first thing that you should ensure is that the length of the agreement is well within the warranty period of the vehicle, so that you do not have to pay for any of its repairs or maintenance. Secondly, negotiate on both its capitalized cost as well as its residual value. See to it that the dealer offers you the highest residual value and the lowest capitalized cost. Also, do not let the dealer include contract fee, security deposit, registration fee, etc., in the monthly payments as it means higher interest rates.

During the negotiation process, quote the monthly payment rates which the other dealers are offering you to get a better deal. Interest rate, security deposit, dealer fees – anything and everything is negotiable. One very important thing that should be discussed while negotiating is the early termination penalty, otherwise it can cost you a lot later on.

Maintain a Written Record
After the negotiations are complete, make a written record of whatever that is agreed upon by you and the salesperson. You can compare these figures with the agreement and ensure that “everything” is as it was promised. One has been successful at negotiation only when either the residual value has been upped by the dealer, or the capitalized cost has been brought down, irrespective of whether the monthly payments have been reduced or not.

Check the Lease Agreement
Finally, when signing the agreement, recheck the monthly payments, capitalized cost, residual value, dealer fees, taxes, agreement termination penalties, etc., are in accordance to what was agreed. See to it that nothing is left open ended or ambiguous and that everything is specific. In case you feel that some of the figures are incorrect, do not feel pressurized to sign the lease agreement. Take your own time, ask for explanations, and look carefully.

Finally, one last tip before I sign off – if you are not in a hurry for leasing a vehicle, wait for the holiday season or year-ends, as lots of dealers offer incentives and competing packages to lure customers during these times.

Tips to Prevent Water Pollution at Home

Almost every country in this world has some areas, which suffer from the dreadful problem of water pollution. The definition of water pollution is pretty simple; water which is ‘contaminated or unfit for use’. Yes, technology has given almost everything we needed to make our life better, but it has made this world a dark place to live in. The planet is filled with industrial wastes and the worst sufferers are us humans, who are the creators of this technological garbage. Many of us have realize the harmful effects of pollution on our lives and are trying every bit to make sure it gets cured. A single person can’t stop the big corporate giants, but efforts can be undertaken to ensure the end of pollution from your home.

Water is a very valuable source for human use. We all know that without water nothing will survive, and so usable water should always be kept clean and usable. The problem of unhygienic water has caused a lot of health issues in many parts of the world. Every year more than 2 million children die all around the world because of drinking contaminated water. However, there are simple ways through which water pollution can be prevented to a larger extent.

Preventing Water Pollution at Home

Do you know 70% of our planet is covered by water and out of that only 1% is fit for the usage of mankind. When you take in consideration all the natural disasters affecting mankind, this number decreases even further. To make sure we have enough usable water for our future generations, it is important that we find a way to make sure that the existing water sources don’t become unusable. Let’s start with our own home; apply the following ideas and encourage the practice of clean and hygienic water.

  • Make sure you flush liquid waste down the drain. Liquid wastes are extremely dangerous for humans and if they get mixed with water bodies like lakes and streams, they can be extremely harmful for marine animals.
  • Throw away the liquid waste by properly flushing it down the drain which will lead it to the water treatment plants for better recycling. You can also inquire about which liquid waste should be drained from the kitchen sink.
  • Limit the usage of water. This may sound very simple to many people but most of them don’t know how to follow it. By minimizing the amount of water you use, you will also limit the usage of water which goes down the drain. You can save water by using the shower and not taking a bath-tub. Turn the water off when you’re brushing your teeth and use the required quantity of water for your lawn.
  • Be careful when it comes to car maintenance. Car motor oil is very toxic and it can be very dangerous if its allowed to run through drainage pipes and sewers, even car cleaning chemicals, for that matter, are very harmful for water. Make sure you use organic products as far as possible. If you are applying a chemical based cleaner to your car, make sure to collect all the waste in a bucket and then dump it down the drain. If you want to help out more, you can seek the help of the local recycling department.
  • Use natural fertilizers and pesticides and stay away from chemical products as they can run off into nearby water bodies contaminating it. Make sure you use natural pesticides and insecticides which are made of organic products.
  • Avoid littering in water bodies and if you really feel you can bring in a change, form a support group of friends and family and start cleaning beaches, and other water bodies. This can attract a lot of attention and many people would soon join your struggle.

I hope now you understand how to prevent water pollution at home. Water pollution is not just a problem in the United States, it’s a global problem and we can all definitely be a part of the solution by doing our bit.