Motorcycle Insurance – Kentucky
Motorcycle Insurance Information
Why do you need insurance for your motorcycle?
You’ll enjoy being out on the open road even more when you’re not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
* If you or a passenger is injured in an accident, medical costs can be extremely expensive.
* If your motorcycle is responsible for damage or injury to others, you may be sued for much more than you’re worth.
* Your motorcycle may be one of your most prized possessions. It deserves special protection.
Things to consider
* We are Independent Agents…which means we are not going to try ro sell you a “One Size Fits All” policy because that’s all we have to offer. We will shop your needs and any special requirements you may have around to several companies. We even have some companies that specialize in handling rare and antique bikes. You’d be surpised how much of a savings you can get when you deal with a company that understands your 1965 Panhead Harley isn’t the same as a 1965 Honda Scrambler. Rare is one thing ….run of the mill common is another. One size fits all …like with the “good neighbor guys” …. is not the best when it comes to your prized bike.
Here are a few things to consider as you prepare for the bike discussion:
* How much can I afford to pay if my motorcycle is in an accident, damaged or stolen?
(Ask your agent what your cost savings would be if you raised your deductible.)
* What discounts and programs are available? (Ask about discounts for taking safety classes or having multiple policies. You may also save money if your motorcycle is stored in a garage or if you belong to a motorcycle association.)
* How much medical and liability coverage should I have?
* Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
* What’s the process for filing and settling a claim? Who do you call when you break down on your way to Sturgis? Call us night or day. We will get a rollback to come pick up your ride and get you and your gear to the repair shop. No need to call an 800 number and talk to someone that doesnt know you and just sees you as a number on a policy.
Tips for the cost-conscious rider
Many factors can play a role in determining what your insurance costs will be such as your age, your driving record, where you live and the type of motorcycle you own, or being a graduate of a rider-training course. ( We strongly suggest this! Don’t be too macho to take that course. It will save you lots of cash …and maybe a little skin too.”
Many companies offer discounts from 10 to 15 percent on motorcycle insurance for graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider course. Riders under the age of 25, usually considered a higher risk, may see some savings by taking this course. It’s also a good idea for cyclists who have already had accidents.
Maintaining a good driving record with no violations will also help reduce your premiums.
We also can look into a saving you some money by buying a “lay-up” policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
Multibike discounts for those insuring more than one bike, organization discounts, if you’re a member of a motorcycle association, and mature rider discounts for experienced riders, are just a few possibilities. Discounts can range anywhere from 10 percent to 20 percent, depending on the company. Availability and qualifications for discounts vary from company to company and state to state.
Keep in mind that the type, style (such as a sports bike vs. a cruiser) and age of the motorcycle, as well as the number of miles you drive a year and where you store your bike may also affect how much you pay for your premium.
Summer is around the corner and thoughts of riding around town on a motorcycle may have crossed your mind.
Whether you just bought a motorcycle or are a veteran rider, you might have a few questions about protecting your bike. What’s liability insurance? Do I need Comprehensive insurance? How can I make sure my custom chrome is covered?
Here are some tips that can help you navigate your motorcycle insurance policy and feel confident you’ve made the decision that’s right for you.
Pick the Right Insurance
First, determine how much insurance you’re required to have. Most states require liability insurance, which covers you if you cause an accident injuring another person or damaging someone’s property.
When picking your liability limits — the maximum an insurance company will pay in the event of that type of claim – a good rule of thumb is to review your car insurance and buy a policy with similar limits and deductibles.
Once you choose liability limits, you may want to add insurance protecting your bike. Collision covers damages from accidents while Comprehensive covers damages caused by incidents like fire or theft. If you buy Collision or Comprehensive, you’ll need to select a deductible, the amount you’ll have to pay out-of-pocket if you have a claim. Be sure to pick an amount you can afford.
Insure Custom Parts
If you’ve added some serious chrome to your bike, gotten a custom paint job, or installed a GPS, consider additional accessory coverage. Most policies will provide around $3000 for added accessories. You also can buy more coverage up to $30,000 worth.
Roadside Assistance (Excellent Idea)
If you like taking long rides into the country and are worried about breaking down in the middle of nowhere, consider Roadside Assistance insurance.
Progressive also offers coverage that will pay up to $500 for lodging, transportation and food if your bike has a mechanical breakdown more than 100 miles from home. Most customers can add both coverages to their policy for just $15 yearly.
Let us help you shop for the RIGHT Policy for you. Call us TODAY!!