Insuring your vehicles isn’t just about following the law, it’s about protecting yourself. According to Statista, there were about 5 million car crashes involving property damage in 2018, with 1.8 million injuries and more than 34 thousand fatalities. If you’re looking to protect yourself with motorcycle insurance, then here’s what you should know about choosing the right policy.
Type of Coverage
The first thing you need to decide when you’re choosing a motorcycle insurance policy is what type of insurance you actually need. There are different types of motorcycle insurance, but the biggest difference is between liability and full coverage. If you want to ride your motorcycle legally in most states, then you’ll need to have liability insurance at the very least. Unlike liability insurance, full coverage will provide coverage for damage to your vehicle as well as your medical bills, in addition to the other party’s vehicle damage and medical bills. However, it’s important to keep in mind that full coverage comes with a higher monthly premium.
Amount of Coverage
Different states have different minimums when it comes to how much motorcycle insurance you’re supposed to carry, and they have different laws in terms of minimum coverage. You might not have enough coverage to protect yourself if you’re in a very expensive accident. When you’re getting coverage for your motorcycle, take some time to talk to your agent to make sure you’re getting enough coverage in case of an accident. You don’t want to be left paying out of pocket after any damages occur.
Additional Coverage
In addition to standard coverage when you’re in an accident, there are other types of motorcycle insurance. Talk to your insurance agent about the different types of coverage that can help you protect yourself and your motorcycle. Even if additional coverage makes your monthly premium higher, it can help you save a lot of money.
Choosing the right insurance policy helps you protect your belongings in the best way possible. You need to make sure your motorcycle insurance provides the right type and amount of coverage, and that starts with talking to an agent about policy specifics. If you need motorcycle insurance, contact our team to get a quote today.