A Guide to Motorcycle Insurance

Motorcycle insurance in Centennial, CO is required. In order to be in compliance with the law, you must carry $50,000 of bodily injury liability insurance per accident and $15,000 for property damage liability per accident.

Why You Need Motorcycle Insurance

Besides being required, motorcycle insurance can help protect you if you get into an accident There are different kinds of motorcycle insurance, besides just liability, that can also protect your bike. Collision coverage will help with the cost to repair your bike if you get into an accident. Comprehensive coverage will help with the cost to repair or replace your bike if it is damaged in an event that is not an accident, or if it’s stolen. Uninsured and underinsured motorist coverage will help if you are in an accident that isn’t your fault but the driver doesn’t have insurance or not enough insurance. Optional equipment coverage can help if you are adding personal touches to your bike to enhance the riding experience. Medical payments coverage can help if you don’t have adequate health insurance or a plan that will cover your needs. This type of coverage will kick in for injuries regardless of who is at fault for the accident. An agent at Compass Insurance can help you determine which motorcycle insurance is best for your needs.

Factors That Impact the Cost of Motorcycle Coverage

The model and make of your bike can affect coverage. In order to lower premiums, have a good credit score along with good accident records. One of the most significant factors when determining cost is your age. Statistics show younger riders are more likely to get into an accident, so premiums can be higher. The security measures you take to protect your motorcycle will also play a role. Where you store your motorcycle and if there are anti-theft measures can lower or raise premiums.

Contact Compass Insurance, serving Centennial, CO, to get a quote on motorcycle insurance.