Focusing on safety is a must when you own a motorcycle. In addition to following all traffic rules and riding responsibly, that also means choosing an appropriate motorcycle insurance policy. Here are a few key points to keep in mind when seeking suitable coverage. 

A Rider’s Guide to Motorcycle Insurance

What are the minimum insurance requirements in Alaska?

All motorcycles in the state must have a certain amount of liability coverage to be in compliance. This entails $50,000 for the bodily injury or death of one person and $100,000 for the bodily injury or death of multiple people in an accident. You must also carry at least $25,000 to cover any property damage that occurs. 

What other types of motorcycle insurance are there?

Along with liability coverage, riders can also purchase collision coverage. Collision insurance pays for damage to your bike regardless of fault.

Comprehensive insurance also pays for damage to your bike, but is applicable to non-collision events like theft, vandalism, or fire damage. Medical payments coverage pays out if you or a passenger is injured in an accident, regardless of who is at fault. 

How much insurance do I need?

This largely depends on the details, including the type of bike you have and how often you ride it. Faster bikes require more insurance since they’re associated with greater risk. Additionally, a person that rides their motorcycle every day will likely require more insurance than someone who only rides recreationally. The more time you spend on the road, the greater your risk of being in an accident. 

Will my costs increase if I’m involved in an accident?

While insurance rates often go up after an accident, this typically depends on the circumstances. For instance, if your insurer offers accident forgiveness, your rates might stay the same, provided you only have a certain number of accidents in a set time period. 

When shopping for motorcycle insurance, working with an insurer you trust is crucial. Sweeney Insurance Agency in Kodiak, AK, has more than four decades of experience providing quality policies at affordable rates. As an independent company, they can shop around for insurance products from respected national carriers to help you select the best combination of auto coverage, including liability, collision, comprehensive, and medical payments insurance. Call (907) 486-3101 to schedule a consultation or visit them online to learn more about their personal insurance services.