No two vehicles are exactly alike, which means your motorcycle or car insurance policy shouldn't be a one-size-fits-all solution. If you drive a family sedan, you don't necessarily need $100,000 in collision protection, while owners of high-end sports cars want a significant amount of coverage. Fortunately, insurance companies offer a variety of policies for a broad spectrum of vehicles.
3 Types of Motorcycle & Car Insurance
1. Sports Car Insurance
Sports cars typically are faster and more expensive than other vehicles, which means they usually sustain more damage in an accident and cost more to repair. Specialized car insurance policies provide additional damage protection to cover the added expense of repairing the vehicle, which means they're often among the most costly policies you can purchase. Fortunately, your agent can offer tips for lowering your auto insurance premiums, such as installing an alarm or raising your deductible.
2. Classic Car Insurance
A standard auto insurance policy will pay only the fair market value of a vehicle, which means vintage vehicles typically are undervalued with this coverage. Collectible car enthusiasts should get a classic car insurance policy that will pay an agreed-upon value of your vehicle in the event of an accident and compensate you for the effort and expense of restoring it.
3. Motorcycle Insurance
Motorcycles usually are less expensive than cars, but injuries sustained in their accidents often are catastrophic. This means motorcycle insurance policies typically offer more personal injury protection than a car insurance plan. You should consider purchasing additional coverage to account for passengers, weather events, and damage caused by uninsured motorists.
Founded in 1958, the Harold D. Miller Insurance Agency is one of the most established businesses in the Greenup and Ashland, KY, areas. Whether you need car insurance for a sports car, collectible vehicle, or everyday truck, they can provide appropriate coverage. Visit their website for more information about their other policies, including homeowners and life insurance. Call (606) 473-6211 in Greenup or (606) 324-1295 in Ashland to speak with an insurance agent.