Full-coverage motorcycle insurance covers repairs or replacement if your bike becomes damaged or stolen. As well as, damage you may cause in an accident. Typically, it includes comprehensive and collision insurance, in addition to any state-mandated liability coverage.
What’s the point of motorcycle Insurance?
Most insurance carriers offer coverage similar to auto insurance policy. This would include your bodily injury and property damage liability.
Along with this, you may also consider additional motorcycle insurance including medical payments, comprehensive and collision coverage. Remember, uninsured motorist covers you in the event you become injured by someone who doesn’t carry insurance. Or, may not have enough insurance to cover your injuries.
You may also qualify for discounts that could possibly lower your premiums. These may include:
- Multiple policies with a carrier
- Safety courses that you may have taken
- Insurance on more than one motorcycle
What is the difference between car insurance and motorcycle insurance?
Auto insurance automatically covers passengers in an accident as long as you buy more than basic liability coverage. On the other hand, motorcycle coverage is different because bikes are usually assumed to be a means of transportation for one person.
Also, the price you pay for this insurance type depends on several factors. But, motorbike comprehensive insurance costs less and more beneficial to riders as their own bike is covered in the event of an accident. Insurance premiums become built from a person’s risk profile. And, if you’re high risk then this will reflect in how much you pay.