Why Do I Need Motorcycle Insurance?
Much like auto insurance, choosing the right motorcycle insurance is very important. When riding a bike you are exposed to outside elements and potential carelessness of other motorists on the road, which can endanger you to a higher degree than driving a car.
We at Bargain Insurance Connection understand the challenges you face on the road and offer different coverages for you to choose from. Depending on the age of the motorcycle and condition, not everyone wants to have comprehensive coverage on their motorcycle, that’s why we also offer the State required liability insurance. If you are not using your motorcycle often, but still want to insure it against theft or fire, you may consider including comprehensive only and not collision coverage.
With the cost of today’s motorcycles, it is pertinent to have your motorcycle properly insured. Values of new bikes can exceed $30,000 including custom equipment. Carrying only the minimum coverage may not completely cover your motorcycle in case of a total loss. When purchasing motorcycle insurance, consider the total value of your bike. Ask your agent about coverage on custom equipment on your motorcycle and about including replacement cost coverage, which would replace your motorcycle with the same amount you paid in case of a total loss. We also offer carried contents coverage, which includes your cell phone, sunglasses among other things.
What Does A Motorcycle Insurance Cover?
The motorcycle insurance policy consists of several coverages, some are required in most states like bodily injury, property damage and uninsured motorist, while others are optional:
- Bodily Injury
- Property Damage
- Uninsured Motorist Coverage
- Underinsured Motorist Coverage
- Medical Pay
- Comprehensive Coverage
- Collision Coverage
- Carried Contents (i.e. GPS, phone, helmet, saddle bags etc).
- Roadside Assistance
Depending on the value of your motorcycle and whether you still owe any money on it to a lender, you can elect to get liability only insurance.
Bodily Injury and Property Damage:
This coverage of your policy is required in most states and it covers bodily injury of $25,000 each person and total $50,000 per accident and $25,000 property damage. These limits are the states minimum in Missouri and Kansas. You can also increase these limits. In Kansas there is also Personal Injury Protection (PIP) that starts at $4,500 each person.
For more information on Kansas Personal Injury Protection (PIP) click here.
Uninsured/Underinsured Motorist Coverage:
Uninsured Motorist Coverage pays your medical bills if the at fault driver does not carry auto insurance. Minimum limits in Missouri and Kansas are $25,000 each person and $50,000 each accident.
Underinsured Motorist Coverage pays for your medical bills if the at fault driver carries insurance, but their insurance limits are exceeded, then this part of your policy would pay up to your limits selected. You generally have to increase your Bodily Injury Limits to at least $50,000 each person and $100,000 each accident to add this coverage.
Medical payments help pay for your injury and medical bills regardless who was at fault in the accident. Most insurance companies have a limit on this part of the policy, which is usually $25,000 per person. If you don’t have health insurance, it is advisable to add this coverage to your policy.
This part of your policy pays the damage on your motorcycle for causes other than a collision. This would include theft, fire, vandalism and weather-related damage. This coverage comes with a deductible, a common deductible is $500.
Collision coverage would pay for property damage or replacement of your motorcycle in an accident. If you have a loan on your motorcycle, then this coverage would be required by your lender. Deductible also applies for this coverage.
Tips to Save on Motorcycle Insurance:
Safety course completion – you can save money on insurance if you show proof that you have completed the motorcycle safety course and having a motorcycle endorsement on your license.
Organization member discount – additional discounts available if you are a member of a motorcycle club or other organization (i.e. Harley Owners Group HOG). Often these organizations partner with insurance companies to offer their members discounts. They also provide great resources and inform you of any riding events close to you.
Multi-bike – get discounts by insuring multiple motorcycles or even insuring an auto with the same insurance company for multi-policy discount.
Garage your motorcycle – If you keep you motorcycle in an enclosed structure while not in use, you qualify for an additional discount because it lowers your risk of theft.
Choose the right motorcycle – If you own a sports bike, you are likely paying higher premiums than traditional road bikes due to a higher risk. Always check with your insurance company before buying a motorcycle to avoid surprise premiums.
Pay in full – insurance companies offer significant discounts if you pay your premium in full for the whole year.
Low mileage discount – if you are riding only on sunny weekends as opposed to riding to work every day, you would qualify for lower premium due to less time spent on the road.
Give us a call at 816.453.7722 and let us go over with you about the best coverage for your motorcycle and give you all discounts that you are entitled to. For a quick quote you can also fill out our online form.