You’ve imagined climbing aboard your motorcycle and riding under a wide crystal-blue sky. That day has finally arrived as you look forward to new adventures. Before you put on your helmet and gear, though, it’s critical to have motorcycle insurance in place. The policy protects you and others from the unexpected. Here are several facts you need to know about this unique type of coverage.  

Understanding Motorcycle Insurance

1. Most States Require Coverage

Liability insurance is the minimum type of coverage in most states. If you’re at fault in an accident, it pays for expenses associated with property damage and bodily injuries for the other person involved. If you plan on buying a motorcycle, find out what the minimum coverage limits are in your state. Riding without insurance could result in a suspended driver’s license and other penalties.  

2. Financed Bikes Need Additional Protection

Planning to finance your motorcycle through a bank or other lender? Most will require you to have comprehensive and collision coverage motorcycle insurance until the loan is completely paid off. Comprehensive covers non-collision-related accidents such as natural disasters, fallen tree branches, theft, and vandalism. Collision deals with accidents involving vehicles, buildings, and other property structures.  

3. Motorcycle Size & Type Matters

From cruisers and dirt bikes to motocross and choppers, there’s a wide range of motorcycles to choose from. If you’re planning to buy one, keep in mind that its size and type will likely determine your premium amount. In general, the bigger and faster the bike, the higher the payments for motorcycle insurance. If you haven’t purchased your bike yet, be sure to do a little digging and compare coverage rates based on the different types of motorcycles.

4. Frequency of Use Determines Rates

How do you plan to you use your motorcycle? The answer will factor into how much your pay for protection. If you’re planning to use the bike for daily commuting, some insurance carriers may require comprehensive and collision coverage. However, if the bike only gets pulled out of storage for leisure riding, you can probably get by with less coverage.

Few activities are more thrilling than cruising down the highway on a motorcycle. Be safe and stay protected with the proper type of motorcycle insurance. Lafever Insurance Agency in Cookesville, TN, has served the area for more than 30 years by providing reliable and affordable coverage. If you need a policy for your motorcycle, a friendly and professional agent will gladly assist with selecting a policy to fit your riding lifestyle. As an independent agency that specializes in helping high-risk drivers, the firm is able to shop for the best rates from the nation’s leading carriers. Give them a call today at (931) 526-3377 to discuss your plans with your bike and get a free insurance quote.