Many first-time motorcycle buyers believe that they can add their new bike to their auto insurance policy in Omaha, NE. However, a motorcycle insurance policy is not the same as an auto insurance policy. You must have a separate, dedicated policy for your motorcycle because of the differences in how vehicles are covered. Insurance Solutions LLC can help find the best policy for your needs.
Risk and Coverage
Riding your motorcycle comes with additional risk, and your policy reflects that. Riders are at greater risk of serious injury because they lack the protection of an outer shell. This higher risk may lead to specialized medical coverage with higher premiums. Some policies do not automatically include personal injury protection (PIP), making higher medical coverage a good idea for some riders. Auto insurance generally provides liability coverage for passengers, but motorcycle policies do not. If you intend to ride with a passenger frequently, you must request the extra coverage.
Motorcycles don’t cause significant property damage when compared with cars, so you can expect this part of your coverage to cost less than for an auto.
Some higher-end motorcycles are very customizable. You can purchase riders for your policy to reflect customized parts and safety gear you use when riding. You can also bundle your motorcycle and auto policies to save money.
Cost Considerations
Despite higher medical coverage premiums, a motorcycle policy is often less expensive than an auto policy. Premiums are lower due to lower vehicle value and can be influenced by the type of bike and your riding history. Some carriers offer seasonal discounts for months when your bike isn’t used due to harsh winter weather.
Learn how you can get an economical motorcycle insurance policy for your bike. Contact Insurance Solutions LLC, serving residents of Omaha, NE, to get started on customized coverage.
