Shopping for motorcycle insurance is no different from buying the actual bike. There are a lot of considerations, especially about your budget, lifestyle, needs, and preferences. In Massachusetts, motorcycles hold similar significance as auto insurance. That means motorcyclists have to have minimum liability coverage to protect themselves and other road users. If you just bought your bike, Alban Insurance Agency can help you find a policy that works just for you.
What does motorcycle insurance cover?
Apart from the required bodily injury and property damage liability, most coverages are optional. When you visit us, our insurance experts will help you choose which coverages are more relevant to you and which ones to skip. Basic motorcycle insurance covers the following.
- Property damage liability
- Comprehensive coverage
- Collision coverage
- Bodily injury liability
- Uninsured or underinsured motorist
- Customized parts coverage
Factors that affect insurance premiums
When you decide to buy insurance, your motorcycle insurance company will ask you several questions to help determine your insurance costs. Make sure to provide truthful information as lying can lead to fines and penalties. Some of the questions that you will be asked to help decide your insurance costs include:
- Your age
- Your driving records
- Where you live
- Age of the motorcycle
- Type of motorcycle
- How often you use it
- Number of miles ridden
- Where you store your bike
How to determine your insurance rates
Different insurance companies in Massachusetts use different mechanisms to calculate your insurance. However, it is possible to have a rough estimate of what your rates will be. Typically, you want to make sure that the rates you pay correspond to the full value of your motorcycle. While the factors mentioned above play a role in how much you will pay, some increase the rates while others decrease them. For instance, if you live in a secure area, that means that your motorcycle is safe. This reduces your chances of making a theft claim and ultimately lowers your insurance costs.
Looking for an insurance company that understands and is eager to serve you? Alban Insurance Agency is your place to be. Try us today!
While our office is located in Springfield, MA, we service the states of Massachusetts and Connecticut.