Riding a motorcycle is one of the most exhilarating experiences on the open road. The wind in your hair, the sun on your face, and the sense of freedom that comes with cruising down the highway – it’s no wonder that so many people are drawn to motorcycle riding. But before you hit the road on two wheels, there’s one crucial thing you need to take care of: insurance. Here are five things you need to know about motorcycle insurance.
1. There Are State Requirements for Motorcycle Insurance
Most states have some insurance requirements for motorcycle riders, so it’s essential to check with your state’s motor vehicle department to determine the specific requirements. In general, you’ll need liability insurance if you injure someone or damage their property while riding your motorcycle.
2. Your Auto Insurance Policy May Not Cover Your Motorcycle
If you have an auto insurance policy, you may think it covers your motorcycle too. But in most cases, that’s not the case – you need a separate policy for your bike. Even if your auto insurer offers motorcycle coverage, it’s usually not as comprehensive as a stand-alone policy.
3. Motorcycle Insurance Rates Vary Based on several Factors
Your motorcycle insurance rates will be based on many factors, including the make and model of your bike, your driving record, where you live, and how much coverage you need. In general, though, motorcycle insurance is relatively affordable – especially when you compare it to the cost of repairing or replacing your bike if it’s damaged in an accident.
4. You May Need Additional Coverage for Custom Parts or Equipment
If you have any custom parts or equipment on your motorcycle, you may need to purchase additional coverage to protect them. Most standard motorcycle insurance policies don’t cover these items, so it’s essential to check with your insurer to see if you need to purchase a rider or an endorsement to get the coverage you need.
5. You Need to Review Your Policy Regularly
Your motorcycle insurance needs can change over time, so it’s essential to review your policy regularly to ensure that it still meets your needs. For example, if you buy a new bike or sell your old one, you’ll need to adjust your coverage accordingly.
Keep these five things in mind when shopping for motorcycle insurance, and you’ll be able to find a policy that meets your needs and helps you ride with peace of mind. For those in Arvada, CO, Alliance Insurance Services offers comprehensive motorcycle insurance policies to protect you and your bike on the open road. Contact us today for more information.