MOTORCYCLE Insurance - Customer-friendly
Whether you have recently purchased your first motorcycle or it is time to update an existing policy, you may be taking a closer look at the motorcycle insurance policy options available to you. This type of insurance is designed to insure the driver over the motorcycle against personal loss related to liability, injury or damage to the vehicle. In many states, drivers are required by law to purchase a minimum amount of liability motorcycle coverage, and this is coverage that will pay another party for losses related to an accident caused by an insured. For example, it will pay for the other party's medical bills, vehicle repair costs, property damage and more. It will not pay for the insured's expenses.
There are other types of coverage available that will pay for the insured's expenses, and some motorcycle lenders will require you to purchase these policies. These may pay for the insured's vehicle repairs or a full replacement, and some policy options include payment for medical bills and lost personal property. Some also have a passenger clause on them that pay for injury expenses that a passenger is exposed to.
It is important to note the minimum coverage requirements in place by the lender and the state, but some motorcyclists will purchase additional coverage for their own protection. You can request a quote for a policy with different coverage levels as well as with different deductible amounts so that you can see how much coverage you can afford. Keep in mind that when you raise the deductible, you lower the premium. However, ensure that the deductible remains at an affordable level because you will need to pay it when you file a claim. Also, inquire about the possibility to qualify for discounts and credits. For example, some companies will provide you with a discount if you take a driver's safety course or if you have been accident-free for a certain period of time.
When you are interested in updating your policy or purchasing a new policy, it is important that you understand the coverage options available as well as how your deductible and premium work. By educating yourself, you can make the best decision about which policy to purchase.