If you need reliable and responsive motorcycle insurance, you are not the only one. You would be surprised to find out how many people struggle to find motorcycle insurance that fits their needs. This article aims to provide you with frequently asked questions about motorcycle insurance that may be beneficial for finding insurance coverage that fits all of your needs as well as your budget.
Why Is Motorcycle Insurance Required by the Law?
The simple answer is that motorcycle insurance is essential and is required by state laws because it protects everyone. When a motorcycle owner has bodily injury liability coverage alongside property damage liability coverage, they are protected from losing their assets in case of an unexpected accident. Moreover, your minimum coverage can assist with covering court costs if you are sued following an accident.
How Much Does Motorcycle Insurance Cost?
Prices for motorcycle insurance vary. As a result, independent insurance agencies compare coverage options from a myriad of companies to ensure that they find the right one to fit your affordability requirements. However, motorcycle insurance can be more expensive than motor vehicle insurance because motorcycle drivers are perceived to be high-risk drivers due to several factors. There are considerations that you take to minimize your insurance costs such as, taking a motorcycle safety course, buying a motorcycle with a smaller engine, and speaking to your insurance agent about discounts.
Does Motorcycle Insurance Cover Theft?
It depends on the type of insurance coverage that you opt for. Generally, comprehensive insurance coverage options cover motorcycle theft regardless of where it happened. Moreover, an adequate comprehensive insurance policy will cover any other items that were stolen from your motorcycle. However, to ensure that your insurer pays for theft, you need to ensure that your losses exceed your deductibles. This means that to lower your deductibles, you may be required to pay more premiums. But you can negotiate the number of your deductibles before you purchase your insurance policy.
Will My Motorcycle Insurance Cover Other Riders?
You can tailor your insurance policy option to cover other riders. However, bear in mind that this is dependent on the type of insurance and the provisions that are set out by the insurer. In some instances, other riders may not be covered and a distinction needs to be made between a passenger and a person who borrows your motorcycle. It is important to discuss this alongside the additional costs with your insurance provider.