Motorcycle Insurance
Taking your motorcycle out on the road can be an exciting and fun way to travel. However, operating these vehicles includes many risks and dangers, and even the most experienced riders may be unable to avoid every incident. With this in mind, securing appropriate motorcycle insurance should be a top priority.
What Is the Purpose of Motorcycle Insurance?
As its name suggests, motorcycle insurance is a specialized type of coverage designed to protect bikers and their prized vehicles financially. These policies may include many of the same coverages and features as standard auto insurance, although additional protections may be available. A suitable motorcycle insurance policy may consist of the following:
- Bodily injury liability coverage can help pay for third-party medical bills and other financial losses if you are at fault for an accident while riding your bike.
- Property damage liability coverage may render financial aid if you damage another party’s property, such as by striking their vehicle or building.
- Collision coverage can help you recoup costs related to repairing or replacing your motorcycle following a crash.
- Comprehensive coverage may financially protect your bike from incidents other than collisions, such as fires, theft and vandalism.
- Gear coverage can provide financial assistance for losses involving your jacket, helmet or gloves.
- Custom parts coverage may help pay to restore or repair your bike if you’ve modified it with special features or custom paint jobs.
How Much Is Motorcycle Insurance?
Motorcycle insurance companies must consider many factors when analyzing your risk levels and identifying coverage needs, such as the following:
- Location
- Age
- Vehicle details (e.g., make, model and year)
- Driving record and experience
- Claims history
- Policy details (e.g., coverage limits, deductibles and endorsements)
As a responsible motorcycle owner, you should avoid cutting corners to acquire low-cost motorcycle insurance. While lower premiums may be tempting, failing to have adequate coverage could leave you with devastating out-of-pocket bills following an accident or other incident.
Get the Right Coverage
Contact the team at Safeway Insurance Agency today to learn more about your coverage options and get a personalized motorcycle insurance quote.