Motorcylists: Be Prepared and Protected
Summer is around the corner and thoughts of riding around town on a motorcycle may have crossed your mind.
Whether you just bought a motorcycle or are a veteran rider, you might have a few questions about protecting your bike. What's liability insurance? Do I need Comprehensive insurance? How can I make sure my custom chrome is covered?
Here are some tips that can help you navigate your motorcycle insurance policy and feel confident you've made the decision that's right for you.
Pick the Right Insurance
First, determine how much insurance you're required to have. Most states require liability insurance, which covers you if you cause an accident injuring another person or damaging someone's property.
When picking your liability limits — the maximum an insurance company will pay in the event of that type of claim – a good rule of thumb is to review your car insurance and buy a policy with similar limits and deductibles, according to the experts at market-leader Progressive.
Once you choose liability limits, you may want to add insurance protecting your bike. Collision covers damages from accidents while Comprehensive covers damages caused by incidents like fire or theft. If you buy Collision or Comprehensive, you'll need to select a deductible, the amount you'll have to pay out-of-pocket if you have a claim. Be sure to pick an amount you can afford.
Insure Custom Parts
If you've added some serious chrome to your bike, gotten a custom paint job, or installed a GPS, consider additional accessory coverage. For example, Progressive usually includes $3,000 in accessory coverage when you purchase Comprehensive or Collision coverage. You also can buy more coverage up to $30,000 worth.
If you like taking long rides into the country and are worried about breaking down in the middle of nowhere, consider Roadside Assistance insurance.
Progressive also offers coverage that will pay up to $500 for lodging, transportation and food if your bike has a mechanical breakdown more than 100 miles from home. Most customers can add both coverages to their policy for just $15 yearly.
For more tips, talk to your local independent insurance agent.