If you were in an accident, report it immediately to your Insurance Provider: Payments and Claims
Why do you need Motorcycle Insurance?
Anyone who rides a motorcycle knows the love of the open road. They also know that the freedom of a motorcycle comes with additional risk!
Motorcycle Insurance protects you from financial losses after an accident. It can provide coverage for you or the other party’s vehicle repairs, medical expenses, and more. It’s also required by State Law!
Let's take a closer look at coverages.
This covers your motorcycle, or vehicle repair costs, medical expenses, and general property damage of the other party if you caused an accident. Liability Coverage is required in all states for Motorcycle Insurance.
Comprehensive Coverage covers the repair costs of your motorcycle if it was damaged by anything other than a traffic accident. This can include theft, vandalism, the environment, etc.
Collision Coverage covers the repair costs of your motorcycle after it is damaged in an accident.
Uninsured/Underinsured Motorist Coverage allows you to still be covered for medical or motorcycle expenses, if the other party was at fault and doesn’t have enough insurance to foot the bill. This coverage is required in most states, but it can be excluded if you sign a waiver.
Medical Payments aid in paying minor and immediate medical expenses, such as an ambulance ride to the hospital. It is not a replacement for a standard Health Insurance policy!
Roadside Assistance offers towing or minor car repair services if you find yourself stranded. Many companies offer this, such as SafeCo, AAA, and more.
Is your motorcycle your primary mode of transportation? Rental Reimbursement will cover the cost of a rental car for one month if your bike is being repaired at a shop.
Are your Liability limits high enough?
In today’s financial climate, medical and vehicle bills can be astronomical. State Minimum limits give you coverage, but in a serious accident they will not cover all of your expenses.
Haven Insurance recommends at least $50,000 in Liability Coverage per person, $100,000 in Liability Coverage per accident, and $50,000 for Property Damages.
What kind of deductibles should you pay?
A deductible is the amount paid to your Insurance Provider to access your coverage payouts.
Higher deductibles will lower your monthly payments, while lower deductibles will raise your monthly payments.
Are you eligible for discounts?
Here are a few ways for you to save on your Motorcycle Insurance: