For anyone who owns a motorcycle, insurance is a must. But with so many different types of coverage available, it can be difficult to know which policy is right for you. Leo Insurance Group in Las Vegas, NV can help you navigate this important coverage.
Here are five things you need to know about motorcycle insurance:
1. States Have Different Requirements
When it comes to motorcycle insurance, states have different requirements. Some states require all riders to have liability insurance, while others don’t but will hold you responsible for any damages if you’re involved in an accident.
2. There Are Different Types of Coverage
There are also different types of motorcycle insurance coverage. Liability insurance covers damages that you may cause to another person or property, while collision and comprehensive coverages protect your own motorcycle in the event of an accident or theft. So, make sure to understand the different types of coverage before you purchase a policy.
3. Coverage Limits Vary
Another important thing to know about motorcycle insurance is that coverage limits vary. That means you’ll need to choose a policy with limits that fit your needs and budget. It is also important to note that most policies also have exclusions, so read your policy carefully before buying.
4. Insurance Rates Vary
Just like coverage limits, insurance rates also vary. That’s why it’s important to shop around and compare rates from different companies before you purchase a policy. Factors that can affect your rate include your age, driving record, the type of motorcycle you ride, and the state you live in.
5. You May Need Additional Coverage
Depending on your situation, you may also need to purchase additional coverage beyond the minimum required by your state. For instance, if you’re financing your motorcycle, your lender may require you to have collision and comprehensive coverage.
Get Motorcycle Insurance in Las Vegas, NV
If you’re considering purchasing motorcycle insurance, it’s important to do your research and understand the different types of coverage available. And be sure to compare rates from different companies before you buy. Leo Insurance Group can help you find the right policy for your needs. Contact us today for a free quote.