Site icon MotoFotoStudio

Motorcycle Insurance Facts – What's the Bottom Line

Your Insurance Coverage

In every state in the Union, you’re required to carry a certain amount of insurance to pay for injuries and property damage to others. This “minimum liability” amount pays for other victims in an accident, not you.

Here’s how it works in theory, if you’re the victim in an accident, then the other driver’s insurance will pay for your injuries or damage to your motorcycle.

This scenario assumes that the other driver is insured enough to cover you and your losses and damages, and the real fact of the matter is that it might not be the case. So where does any shortfall in what you’ll get to cover your total losses and damages come from if the other driver is uninsured or underinsured? From your insurer, and for your insurer to pay the difference, you have to have taken advantage of the option to purchase additional insurance.

The dollar amount of insurance coverage that your state absolutely requires you to have is often abbreviated as three separate numbers (for example, 20/50/10). Here’s what that means in terms of coverage and dollars:

Each state has their own formula which sets the minimum amount of coverage you must carry, so the formula and the numbers could be 15/30/15, 30/50/30, or some other combination. Industry experts recommend a policy that covers you for more than the minimums, and many say you should carry much more than those minimums.

Choosing a Policy

Online insurance is very popular with drivers these days because without visiting an agency, you can get detailed information written by experts, compare various plans, use the online calculator to estimate your premiums, and pay your premium once you have made your decision.

Certain insurance companies have taken advantage of Internet efficiencies to establish rates that are quite affordable for the consumer. These companies can provide online access to important details related to their policies – types of premiums, costs, liabilities, submitting a claim, and types of claims that are allowed. If the insurer you select has a help desk, you will be able to call for more information whenever you need it.

Here are some specifics to keep in mind when you are choosing an insurer for your motorcycle:

The following factors will help you calculate what deductible you can afford to absorb:

Whether you ride a sport bike or an American cruiser, your insurance needs can get complicated.

We’re here to help you find the right motorcycle insurance, whatever you ride…

Tips for buying your motorcycle insurance, coverage you need:

Exit mobile version