Motorcycle insurance provides coverage for any damage or theft of your bike, scooter, moped, all-terrain vehicle, or UTV. It also offers financial protection if you are responsible for someone else's injuries or damage while driving. If you choose an insurance company that specializes in motorcycle insurance, you are more likely to get coverage options and benefits that are not as common for serious drivers. You may even be able to get a discount if you insure your motorcycle with your current car insurance company.
Although some states do not require drivers to have motorcycle insurance, those who do may need to have a certain amount of coverage. A full-coverage motorcycle policy includes comprehensive and collision coverage, which covers damage to your own motorcycle. Before you can buy a policy, the insurance company will ask questions about you and your bike. If your state does not allow recreational vehicles on public roads, you do not need to take out motorcycle insurance. The cost of your insurance remains the same after your first accident if your Allstate motorcycle policy is at least 4 years old. Most riders need more insurance for their motorcycles than what is required by law.
When you buy motorcycle insurance, you will need to provide your name, engine size and license information, and verify that your license has a motorcycle endorsement (if required in your state). Insurance will be more expensive in places where motorcycle thefts are more common and roads are more crowded. If your claim is accepted, your motorcycle insurance will cover the costs of the losses up to the limits of your policy. It is definitely worth taking out full coverage insurance for your motorcycle even if you are the full owner of the bike. Progressive's standard motorcycle coverage covers repairing your damaged motorcycle with new parts and no depreciation deduction.
Motorcycle insurance can also cover dirt bikes, all-terrain vehicles, snowmobiles and tricycles depending on your state's requirements. Having full coverage on your motorcycle is essential for protecting yourself financially in case of an accident or theft. It is important to shop around for the best rates and coverage options available to ensure that you are getting the most out of your policy. Make sure to read through all of the fine print before signing any contracts so that you know exactly what is covered and what is not.
