If you’ve recently purchased a new motorcycle, it’s critical to protect yourself and your vehicle with motorcycle insurance. This type of coverage will protect you in the event of an accident or if your bike is stolen, lost, or damaged. This guide will answer some of the most commonly asked questions all motorists should know.

What You Need to Know About Motorcycle Insurance

What does it cover? 

There are multiple types of policies to choose from, depending on your needs. A basic policy will partially cover damage to your bike and include additional coverage for injuries you may cause or sustain during an accident. You can also add additional coverage for the total cost of damage to your bike due to an accident, theft or loss of your bike, and damage to any motorcycle accessories.

Is insurance required to drive a motorcycle? 

Liability insurance is required throughout the United States, but the amount varies depending on what state you live in. It’s essential to look into your state’s guidelines to determine how much liability insurance you need. If you aren’t adequately insured, you could receive a citation and fine from law enforcement.

Are passenger riders covered?

Check your insurance policy before riding with a passenger or lending your bike to someone else to ensure they’ll be covered. If you haven’t purchased a plan but know others will be riding along, tell your insurance agent so they can find a policy to fit your situation best.  

How much does motorcycle coverage cost? 

Your yearly costs for motorcycle insurance depends on several factors, including the type of bike you own, what you’re using it for, your driving record, and the kind of coverage you’re buying. Insurance can be as low as a few hundred dollars per year or may cost more depending on your situation. Try lowering your costs by asking your insurance agent about discounts you may be eligible for.

The professionals at Wilmoth Insurance Agency Inc. can help you find the best motorcycle insurance coverage for your situation. Since 1939, they’ve helped residents in the Cookville, TN, area, gain peace of mind on the road and at home by offering home, auto, life, and business insurance coverage. This independent firm works with a variety of insurers to secure the best deals for their clients. Learn more about their motorcycle insurance options online or give them a call at (931) 526-6181.