What you need to know when getting a motorcycle

Having freedom on the road for some people is akin to riding a motorcycle. Blazing through the wind like a movie star is a notion that makes owning a motorbike an exciting idea for some. If you are one of those, we’ve got some insights you will do well to take note of before taking a ride into the wild side.

For starters, this mode of transport can be considered inexpensive, faster, and efficient for moving around in modern metropolitan cities. However, there are a few things to keep in mind about owning a motorcycle, especially in Singapore.

So, let’s cut to the chase and get started

1. Certificate of Entitlement (COE)

The main reason why most people choose to own a motorcycle is the cost. Anyone who wishes to register a new vehicle in Singapore must first obtain a Certificate of Entitlement (COE), in the appropriate vehicle category. A COE represents a right to vehicle ownership and use of the limited road space here for 10 years.

There’s a lot of difference between a COE for a car and a motorcycle. On average, the COE for a car in Singapore can range around $40,000-$50,000 while that of a motorcycle can range around $7,000-$8,000¹. So, if your goal is getting from point A to point B in an efficient way, then a motorcycle could be a better bet.

1. Different bikes for different folks

Next is a question of style. Are you getting a motorcycle mainly just to commute? Depending on your answer, your choice of wheels varies, from casual scooters to heavy-duty sports bikes and everything in between.

Do you want to share a ride with your family, relatives or friends? If your answer is yes, then a motorcycle wouldn’t be the practical choice even if it costs less, simply because it doesn’t allow you to fulfil what you wish to do. So, why not consider a van or a car instead?

1. Family approval

It can be the most difficult situation that every motorcycle lover has to face when it comes to family matters involving a motorcycle. It might be possible that you may have to face strong objections from the family due to the dangers of zipping around town on two or three wheels. If you’ve already set yourself on getting one, it helps for them to know that you’ve got a comprehensive motorcycle insurance that’s got your back.

1. Motorcycle insurance coverage

Choosing the right motorcycle insurance in Singapore won’t be difficult as you can choose a budget-friendly yet comprehensive cover from insurers like FWD.

By securing insurance coverage, you and your machine get the utmost protection in case of an accident. It not only saves you from accidental damage cost but also from the financial burden of clearing the medical bills, property damage, and other charges. This way, you’ll truly enjoy the perks of owning your motorcycle without worries.

Know what you are getting into and don’t forget to do your own research to know the specifics in-depth. Motorcycles are not just machines, they become your trusted partner on the road, so make the best choice, now that you generally know what to look out for before getting one.