Vehicle insurance for your car, truck, or SUV is pretty straightforward, but when you have a motorcycle, the coverage often falls under a recreational vehicle. Like your camper, boat, or snowmobile, the insurance for motorcycles is a little different than a car, and getting the right policy is essential.
Get the Right Coverage
The right coverage for your motorcycle is important. You need to have enough to cover yourself, the bike, and anyone else or any property that is affected as a result of your accident. The newer the motorcycle, the more insurance you will need to have as well. The best way to be sure you have the coverage you need for your motorcycle is to talk with an agent that is familiar with motorcycle insurance.
Cost of Insurance
Motorcycle insurance prices can vary from company to company, so be sure to do some shopping around before you settle on one company. Keep in mind that just because the insurance is cheaper with one company over another does not mean the two policies are the same. Look closely to see what you are getting for your money so that you don't buy a cheaper policy only to find out that it will not cover everything you need it too. Often there are minimum coverages that are required by the state or federal government, but there are a lot of ways that the policy can fall short beyond the minimum requirements.
When you start shopping for insurance for your motorcycle, check with your car and homeowners insurance companies because sometimes there is insurance available that can be added as a rider that will cover things like theft or damage from a fire or natural disaster that the primary insurance policy on your bike doesn't cover. You can often get a discount for additional policies as well, so if you have your car and motorcycle insured with the same company, you could save money on both policies.
Some states will allow you only to carry liability on your motorcycle, but remember, that does not cover the bike or yourself if you are involved in an accident. If someone else is at fault, their insurance may cover your injuries, but if you cause the accident, the only thing covered with basic liability is the property or person you hit. If the motorcycle is older and not worth a lot of money, it might be hard to get full coverage on it. However, the additional coverage for yourself, if you are injured, may be worth paying for in the long run. If nothing more, it will cover any medical bills should you end up in the hospital after an accident.
For more information on getting motorcycle insurance, contact an agency like Ahlquist Insurance.