Things to know about motorcycle insurance
Arnoldussen & Associates provides motorcycle insurance in Santa Maria, CA, Paso Robles, CA, San Luis Obispo, Arroyo Grande, Grover Beach, Pismo Beach and surrounding areas.
These are five important points to know about motorcycle insurance:
Coverage Options:
Motorcycle insurance typically offers similar coverage options to auto insurance, including liability, collision, comprehensive, uninsured/underinsured motorist, medical payments, and personal injury protection (PIP) in some states. Liability coverage is usually required by law and covers damages to others’ property or injuries they sustain in an accident you’re found responsible for. Collision and comprehensive coverage protect your bike against damage from accidents, theft, vandalism, or natural disasters. Uninsured/underinsured motorist coverage steps in if you’re involved in an accident with a driver who lacks sufficient insurance.
Premium Factors:
Several factors influence motorcycle insurance premiums, including the rider’s age, driving record, location, the make and model of the bike, usage frequency, and storage location. Riders with a history of accidents or traffic violations might face higher premiums. Additionally, high-performance or expensive motorcycles typically cost more to insure.
Discounts:
Many insurance companies offer discounts that can help reduce motorcycle insurance premiums. These discounts may include multi-policy discounts for bundling motorcycle insurance with other policies like auto or homeowners insurance, safe rider discounts for completing motorcycle safety courses, and discounts for anti-theft devices or motorcycle safety equipment like helmets or protective gear.
Special Coverage Considerations:
Riders should consider additional coverage options based on their specific needs and risks. For example, accessory coverage can protect customized parts or upgrades added to the motorcycle, while roadside assistance coverage can provide assistance if the bike breaks down or needs towing. Some insurance companies also offer coverage for trip interruption expenses if a covered accident occurs during a road trip.
State Requirements:
Motorcycle insurance requirements vary by state, so it’s essential to understand the minimum coverage requirements in your state of residence. Some states may not require insurance for motorcycles, but riders are still financially responsible for damages they cause in accidents. Even if insurance isn’t required, it’s wise to consider purchasing coverage to protect yourself and your assets.
Understanding these key points about motorcycle insurance can help riders make informed decisions when purchasing coverage and ensure they have the protection they need on the road. Kindly call us without hesitation.
