fbpx Skip to content

Types of Motorcycle Insurance Coverage

There are many different types of coverage and different ways to lower your costs. Motorcycles are not cheap, so you want to make sure you have enough coverage for any damages or potential theft. The policy you choose will depend on how often you ride your motorcycle and if you ride year-round. If you are planning to make a purchase, think about how you will use your motorcycle. If you already have a motorcycle, think about what kind of policy will fit your needs. 

Types of Coverage

Unfortunately, insuring your motorcycle is not a one-step process. There are different types of insurance you may want on your policy. Also, there are certain custom options that may depend on your situation. For example, you might be more concerned with the amount of your deductible if your bike is your main form of transportation versus a vehicle for weekend fun. Another factor might be the base requirements in the state where you live. Overall, the types of coverage you will want to explore are:

  1. Liability: This is required in most states, due to the frequency of motorcycle accidents. If you cause an accident while riding your motorcycle, liability coverage will protect you. You might be responsible for repairs to property, another driver’s vehicle, and possibly even their medical expenses.
  2. Collision: Unfortunately, motorcycle accidents are rather common. Thus, collision coverage is usually a wise decision. It covers any damage that results from an accident. It does not matter if the accident happens with another driver or an object. Collision coverage covers you in either situation.
  3. Comprehensive: This type of coverage can be added on to other types. It can also be the only type of coverage you have while not riding your motorcycle for a period of time. Comprehensive coverage will cover repairs or even replacement needed after damage, theft, or vandalism.
  4. Uninsured/Underinsured Motorist Coverage: If you are hit by a driver who doesn’t have insurance or enough coverage, you can get stuck with the cost. To avoid that situation, you can buy this type of coverage and know that your policy will cover any costs that the other driver can’t.

Discounts

The last important thing to consider about motorcycle insurance is the discounts that are available. Many insurance companies will offer cost breaks for drivers who have anti-lock brakes, an anti-theft alarm, a good driving record, a certificate from a safety course, and so on. There are also programs such as accident forgiveness that you can ask about when you compare quotes. Sometimes, you can get lower premiums if you bundle with car insurance, own a home, and/or have great credit. Finally, some companies offer policies with diminishing and vanishing deductibles as incentives.

Wrapping Up the Different Types of Coverage

Many people don’t even know they aren’t properly insured. Reading this article is a good way to educate yourself. Check out our other articles to further educate yourself on things like the average cost of these policies. When it comes to insurance, you should never get a policy that doesn’t fit your needs. Ensure that your policy covers the things you need. Consider where you live and your driving record. If you already have a policy, check with your insurance agency. Ask what types of coverage you have.  It might be time to switch. If you are looking for a new policy, know what you want. Make sure to do your research and see what’s available so that you get the best deal. Read the details here

Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECENT POSTS

Guide to Open Enrollment: Making Sure You Are Insured for Next Year

December 3, 2019

‘Tis the season! That doesn’t just apply to the holidays, but also to health insurance. You have probably heard the phrase “open enrollment” tossed around either on the news or…

Read More

Life Insurance Needs Assessment: Top 5 Reasons You Need Life Insurance

November 24, 2019

We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…

Read More

Health Risks and Insurance Costs of Vaping: Is It Really “Cool to Vape”?

November 14, 2019

For decades, smoking has been advertised as cool, sexy, and trendy. With the invention of the e-cigarette, tobacco companies did not stray from their tried and true marketing strategy. Plus,…

Read More

Evaporated into Thin Air: Unseen Effects of Vaping on Health Insurance

October 31, 2019

Among many of the world’s new inventions, e-cigarettes have become a new craze. A recent article from Reuters reported that roughly 1 in 20 Americans are currently vaping or using…

Read More

Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More

All Risk Home Insurance Coverage: It’s a Risky Business to Go Without

October 15, 2019

We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…

Read More

Gap Coverage 101: What You Need to Know About Health Insurance

August 22, 2019

Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…

Read More

Motorcycle Insurance 101: First Time Riders

August 13, 2019

The Cool Commuter When you think of motorcycles, a few things come to mind. Typically, they are thoughts related to the Sons of Anarchy. However, there are actually a lot…

Read More
Scroll To Top
%d bloggers like this: