Riding a motorcycle is a fun and popular way of cruising through traffic in Las Vegas, NV, and moving from one point to another. However, Nevada law requires riders to purchase motorcycle insurance to protect themselves, other road users, and their investments. Taking out such insurance shows that motorcycle owners can be financially responsible for any personal and property damage they may cause. Leo Insurance Group can help you choose the right motorcycle insurance coverage for your investment.
Tips on Choosing the Right Motorcycle Insurance Policy
With numerous motorcycle coverage options available on the market, selecting the most suitable one can be challenging. Here are some tips to help you choose the best motorcycle insurance:
1. Consider the Coverage Requirements
There are many motorcycle insurance policies to meet the needs of every rider. Considering your budget and the coverage requirements can help you narrow the list. Generally, there are two types of coverage; comprehensive and third-party coverage. You can decide which cover is most suitable for your needs based on how often you use your two-wheeler and other related costs.
2. Your Premium Depends on the Cubic Capacity of your Two-Wheeler
As a general rule of thumb, the higher the cubic capacity of your motorcycle, the higher our motorcycle premiums. Thus, you should consider the motorcycle’s cubic capacity when buying and selecting its insurance policy.
3. Consider Adding Riders to your Cover
Adding riders to your policy is one way to make your motorcycle insurance coverage more comprehensive. However, you will be required to pay more on nominal premiums, and you may opt to take out personal accident cover, towing cover, zero depreciation cover, or more.
Get Motorcycle Insurance Coverage Today
As you shop for motorcycle insurance, you should always do thorough research to understand the different options available on the market. Consider consulting an insurance expert to help you find a suitable option that caters to your needs. The professionals at Leo Insurance Group in Las Vegas, NV are ready to help you choose a comprehensive motorcycle insurance policy to enjoy legal and safe cruising along the Nevada streets. Contact us today for more information.
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.
Leo Insurance Group serving Las Vegas, NV wants to help you keep your motorcycle and your finances in tiptop shape with motorcycle insurance that fully protects it and you.
Nevada Insurance Minimums
The state of Nevada requires a minimum level of insurance for every two or three-wheeled vehicle on its roads. That means whether you ride a motorbike or a trike, you need to carry at least the minimum insurance of:
- property damage in the amount of $10,000 per accident,
- bodily injury in the amount of $15,000 per person per accident,
- bodily injury in the amount of $30,000 total per accident.
Protecting Your Ride, Too
The only problem with minimum coverage is that it only protects the others on the road. Only when you add comprehensive, collision and personal injury protection (PIP) do you add the coverage that protects you.
You need these important policies to protect yourself. Single vehicle accidents also occur frequently, and your minimum coverage does not cover those. Let’s say you hit a deep pothole and the jolt throws you off the bike. Both you and the bike sustain damage. With full coverage, you know that your medical care gets paid for by your PIP, while your bike repairs your comprehensive coverage covers.
You need much more than liability insurance to cover yourself and your motorcycle on Nevada roads. Let Leo Insurance Group serving Las Vegas, NV help you determine which coverage best suits your needs. You need more than just the minimum that lets you legally drive on the roads of Nevada. Let us help you obtain the insurance that helps keep you safer.