Before purchasing a motorcycle, it is important to take into account how the expense of adopting a motorcycle insurance policy will affect your monthly budget. Motorcycle insurance rates vary more than any other type of insurance depending on the type of bike.
If you are buying an inexpensive motorcycle, avoid getting collision and comprehensive coverage. These coverage options will account for two-thirds of your premium so depending on the age and model of your bike, you may want to eliminate these options. Speak with your insurance provider about which coverage options are necessary based on your unique situation.
Likewise, it is important to not skip out on any essential coverage options.
Enroll yourself in one of the various motorcycle associations and take training and safety classes to get discounts on your insurance premium. Many skip out on uninsured motorist coverage and medical liability coverage but these are two essential items.
Before purchasing a motorcycle, be sure to meet with your insurance agent and determine how much you’ll have to fork out for the necessary amount of coverage to keep you safe and protected.
Reta Insurance Agency has been providing Illinois residents with excellent insurance services for over 20 years. Contact us today and we can answer any and all of your questions regarding adopting a motorcycle insurance policy.