Choosing the appropriate insurance policy is just as important as selecting the right motorcycle. It should fit the rider’s lifestyle and needs, but it should be budget-friendly as well. Though most states require riders to carry minimum liability coverages, other Motorcycle insurance in Harrisburg PA is completely optional.
Liability Coverage
Liability insurance covers property damage and bodily injury caused to others involved in a crash; it doesn’t cover the rider or their motorcycle. Determine whether a policy includes liability coverage for guest passengers; its inclusion depends on state law and upon the issuing company.
Collision Insurance
Collision coverage pays for damage to a motorcycle that’s been in an accident. The insurance company pays damages minus the deductible after a collision with an object or a vehicle. Most collision coverage pays the motorcycle’s book value before the crash causing the loss.
Comprehensive Coverage
Comprehensive insurance pays damages from events other than collisions, such as vandalism, theft and fire. However, just as with collision insurance, the company pays for damages after the deductible is paid and the policy only covers the motorcycle’s book value. Riders should remember that most collision and comprehensive policies only cover factory parts.
Underinsured/Uninsured Motorist Insurance
Under- or uninsured motorist insurance pays for damage done by a driver who either is uninsured or doesn’t have enough coverage. This insurance pays for medical bills, lost income and other economic losses, and if the policy has property damage coverage, the motorcycle would be covered as well.
Budgeting Tips for Riders
Numerous factors determine what a rider pays for insurance, such as driving record, age, motorcycle type and location. Some companies offer 10-15% discounts for riders who graduate from training courses, such as those offered by the MSF (Motorcycle Safety Foundation).
Keeping a clean driving record can also help riders reduce premiums. In many areas, they can save by purchasing a “lay up” insurance policy; here, everything but comprehensive coverage is stopped during the off-season. Riders should also find out if there are other discounts, such as those for multi-bike policies and for experienced operators.
Riders should choose the insurance company that’s right for them, such as Farnham Insurance. If they already have Motorcycle insurance in Harrisburg PA, they should ask their current insurer. If not, coworkers, family and friends are a great source of recommendations, as are ads in motorcycle magazines and local bike shops.
