Motorcycle insurance policies typically include liability coverage, which covers injuries/damage to others in an accident that you caused, as well as uninsured/underinsured motorist coverage, which protects you if you’re hit by someone without insurance. Optional coverage can include collision, which covers damage to your motorcycle, and comprehensive, which covers non-accident damage like theft or weather damage. In some cases, policies can also include medical payments coverage for your own injuries and accessory coverage for any added parts or accessories.
There are specific types of coverage required by law in most states when it comes to motorcycle insurance. Liability coverage is mandatory in almost every state, and coverage minimums can vary. Some states also require uninsured/underinsured motorist coverage as well as personal injury protection (PIP) or medical payments coverage. It’s important to check with your state’s requirements and select coverage that fits your needs and budget.
Your motorcycle insurance premium is determined by a variety of factors, including the type of coverage you choose, your age, driving history, the make and model of your motorcycle, and the area where you live. Typically, the more coverage you opt for, the higher your premium will be.
Other key factors that insurers take into consideration include your riding experience, safety record, the security features on your motorcycle, and any previous insurance claims you have made. Younger riders and those with a history of accidents or traffic violations will typically pay more for insurance.
It’s also essential to maintain a clean driving record and make an effort to reduce your risk of accidents by taking a defensive driving course, wearing protective gear, and following all traffic laws.
Yes, there are additional considerations and specialized coverage options that you should be aware of when obtaining motorcycle insurance. One of them is coverage for accessories, which includes any added equipment to your motorcycle, such as saddlebags, customized exhaust systems, and audio systems. Some motorcycle insurance companies provide coverage for these accessories as an optional add-on policy. Another is coverage for customizations, which includes any changes made to your motorcycle’s look or performance, like a new paint job or engine modifications.
This type of coverage is typically offered as an endorsement or rider to your existing policy and may require an additional premium. Furthermore, some insurance companies offer protection against damage or theft while your motorcycle is in storage or garaged.
Give the team at Kocman Insurance Group a call at 717-854-0300 and we will be glad to answer any of your questions or concerns.