Here, we address three of the most frequently asked questions about motorcycle insurance to help you understand its importance and how it works.
What Types of Coverage Are Available for Motorcycle Insurance?
Motorcycle insurance offers several types of coverage, each designed to provide financial protection in different scenarios.
- Liability coverage is often required by state law and can cover property damage and injuries you may cause to others in an accident.
- Collision coverage can help pay for repairs to your motorcycle if it’s damaged in a collision, regardless of who is at fault.
- Comprehensive coverage can provide financial protection against non-collision-related incidents, such as theft, vandalism or natural disasters.
- Uninsured/underinsured motorist coverage can provide coverage if you’re involved in an accident with a driver who doesn’t have sufficient insurance.
Your agent can help familiarize you with all your motorcycle insurance options.
How Are Motorcycle Insurance Premiums Determined?
Various factors influence the cost of motorcycle insurance premiums. Insurance companies assess these factors to determine the level of risk associated with insuring you and your motorcycle. Key factors include the following:
- Chosen coverage, limits and deductibles
Your agent can help you compare quotes.
Are There Any Discounts Available for Motorcycle Insurance?
Yes, many insurance companies offer various discounts to help reduce the cost of motorcycle insurance. One common discount is for completing a motorcycle safety course. Bundling your motorcycle insurance with other policies, such as auto or home insurance, can also lead to discounts. Installing anti-theft devices on your motorcycle may qualify you for additional savings, as it reduces the risk of theft.
Contact Us
Contact AR Insurance Solutions for a personalized motorcycle insurance quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
