Whether you’re taking a weekend drive on a country road or making your way through a major Texas highway, you chose a motorcycle to enjoy the freedom and fun a bike provides. Making sure that you have the right insurance in place will let you make the most of your experience, worry-free.
This coverage will pay for injuries suffered by others for acci- dents you cause. Your policy will set limits for how much can be paid to each person injured and a total for the entire acci- dent.
For example, let’s say that your limits are set to $50,000 per person and $100,000 total. If you cause an accident that injures three people, and person A’s medical bills are $25,000, person B’s are $40,000, and person C’s are $20,000, you’re covered as each falls below $50,000 and the total is $85,000, below the $100,000 limit.
This is the maximum amount that your policy will pay for damage to the property of others, either a vehicle or other property. Typical limits for this coverage range from $25,000 up to $100,000.
Collision Insurance protects your motorcycle from the damage caused by an accident that you or someone else may have caused. Accidents can include those that occur with other vehicles and those that involve inanimate objects, like buildings or guardrails, or a hit and run situation.
Comprehensive Insurance is also referred to as “other than collision” as it covers scenarios not covered by collision. It is an optional coverage that protects you against things you cannot control. Some common items covered here include, accidents with animals, flooding, falling trees or objects, theft, glass or windshield damage, and vandalism.
When combined with collision insurance, comprehensive and collision coverages commonly referred to as “full coverage.” While giving you the best chance of having all your claims paid, be aware that there are still exclusions on most motorcycle policies.
It’s important to talk to your motorcycle insurance agent to discuss any particular coverages you are considering.
For most riders over the age of 25, costs typically range from $200 – $500/year. Every person is different however, and your premium will depend on a variety of factors, including: