Owning a motorcycle is not without its risks – we all know that. It’s what you do to safeguard yourself against those risks that matters the most. You wear the right safety gear and drive defensively, but are you protecting yourself with the right insurance coverage, too? Whether you ride as a hobby or as your primary form of transportation, let Luxor Insurance help you find a motorcycle insurance policy that is custom-tailored to meet your needs.
We offer coverage for many different bikes, including:
- Cruisers
- Choppers
- Sportbikes
- Scooters
- Trikes
- And more
How Much Coverage Do You Need?
With so many insurance and limit options, it can be difficult to decide how much coverage is right for you. There are a lot of variables at play – where you ride, how much you ride, the type of bike you ride, and more. While you could just purchase the minimum limits required by the state and your lender, you know it is much more important to get the right coverage than the cheapest coverage. In the event of a collision or unexpected loss, you will want a policy that is fully in your court, from physical damages to your motorcycle to liability.
Types of Motorcycle Coverage
We can outfit your policy with a wide range of coverages that keep you protected when you run into trouble. Your policy may include coverage for:
Property Damage Liability
Property damage liability coverage helps pay for the accidental damages you cause to someone else’s property. Whether you collide with another vehicle or drive through someone’s fence line, your insurance can pay for the damages up to the limits of your policy.
Bodily Injury Liability
Bodily injury liability coverage pays for third-party injuries caused by a motorcycle accident for which you are at fault. We typically recommend purchasing as much bodily injury liability protection as you can, since a lawsuit could result in hundreds of thousands of dollars in judgments and legal expenses. Not only could your savings be at risk, but also your future income. Purchasing adequate bodily injury liability coverage could protect your assets and safeguard you against financial ruin.
Physical Damages
If you still owe money on your bike, your lender may require that you maintain coverage for physical damages until your balance is paid in full. Even if you paid for your motorcycle outright, however, we recommend adding collision and comprehensive coverage to your policy to protect your investment.
Collision
If you wreck your bike, it could cost thousands to repair it. Collision coverage pays for damages that occur when you collide with another vehicle, layover your bike, or hit an inanimate object, such as a tree or pole. The coverage generally includes repairs to your motorcycle or compensation for its value if the insurer deems it a total loss.
Comprehensive
Highway accidents aren’t the only threat to your bike; accidents and losses can happen when your motorcycle is sitting in your driveway at home, too. From theft and vandalism to fires and fallen objects, there are plenty of non-collision scenarios that could result in motorcycle damage. Protect your investment with comprehensive coverage for non-collision damages.
Special Equipment
After-market parts and custom paint jobs allow you to enhance your bike and make it your own. Your policy may include some limited coverage for special equipment, but review its details to ensure it is enough. If not, you may need to purchase additional coverage that extends your limits for special equipment.
Uninsured/Underinsured Motorist (UM/UIM)
When cars hit motorcycles, there are often injuries involved. If you are injured by an uninsured driver, you will need your uninsured motorist protection to help pay for medical bills, lost wages, and other related expenses. There is also the chance that you could be injured by someone who has insurance, but not enough to pay for all of your expenses. In that case, underinsured motorist protection can help pick up the slack and minimize your out-of-pocket expenses.
Medical Payments
When accidents happen, you don’t have time to figure out who was at fault when there are injuries involved. Medical payments coverage pays limited benefits for you and your passenger’s medical expenses when you are injured in an accident, regardless of who is to blame. While it does not absolve an at-fault driver of any liability, it can provide enough money to perhaps pay for an ambulance ride or a health insurance deductible.
Towing and Assistance
When you need a tow or run out of gas on the highway, this coverage can help pay for the cost of labor and other covered charges 24-hours a day.
Rental Car Reimbursement
If an accident leaves your bike too damaged to ride, you may need to rent a car until your bike is repaired or you find replacement transportation. With rental car reimbursement coverage, you can be compensated for the cost of renting a car after an accident.
Choosing Your Policy – Where to Start
Shopping around can help you save money on motorcycle insurance, but where do you start? Instead of calling each insurance company individually, which could take hours or even days, try using an independent agent instead. At Luxor Insurance, we can provide quotes from multiple insurers in one location, saving you time and money during your search.
We’ll also offer you individualized support and guidance as you build your policy. You’ll get personalized recommendations, as well as help finding any discounts you may qualify for to lower the cost of your coverage. Examples include savings for:
- Being a mature rider
- Low mileage
- Having an accident-free and violation-free record
- Being a member of a rider’s association
- Insuring multiple motorcycles
- Purchasing additional lines of coverage, such as homeowners or renters
- And more
If you need new coverage for your bike or are considering purchasing a new motorcycle in the near future, let Luxor Insurance help you find the coverage you need. Call us today to request your free quotes.
