Insuring your motorcycle is as important as insuring your health, car and home. Motorcycle insurance can be confusing, though. While motorcycles share the road with automobiles, there are significant differences between the two types of insurance. Depending on your the kind of motorcycle you own and your personal financial situation, it may even be more expensive to insure your motorcycle than it is to insure your car.
Your premium will be greatly affected by the type of motorcycle you ride. Commuter bikes are less expensive to insure than high-horsepower motorcycles. It is often beneficial to shop for motorcycle insurance in CT before you purchase your bike. There is no point in having an expensive sport bike when you can’t afford to insure it.
Fortunately, there are ways to minimize your insurance costs so you can enjoy your new motorcycle. Your insurer may offer you comprehensive and collision coverage. These options will cover your bike if it is damaged, paying for replacement or repair. Many motorcycle owners waive this coverage because it is more expensive to carry collision coverage than to repair or replace their motorcycle.
You may also be able to save money by waiving medical coverage. If you are already covered by a suitable health insurance policy, you may not need to pay for the additional protection. In that case, medical coverage will only pay the copayments and deductibles that your primary insurance doesn’t pay. However, if you don’t have other health insurance or your insurance has a high deductible, you may find peace of mind with medical coverage.
Don’t expect your motorcycle insurance in CT to have no-fault coverage. Though the auto insurance laws in the state are no-fault, motorcycle riders are excluded. If you are in a motorcycle accident in CT, expect to have to prove who was at fault before an insurance company will pay for your medical and property expenses.
For more information about purchasing a motorcycle insurance policy, contact an experienced agent such as those at RDDK. An agent can help you find an insurance policy in line with your personal needs and budget.
