While motorcycles offer an exhilarating ride, they also come with increased risk. To protect yourself (and your bike!), you need motorcycle insurance. But not just any insurance policy will do. There are a few key mistakes you’ll want to avoid when buying motorcycle insurance.
1. Not Knowing Your Coverage Needs
When it comes to motorcycle insurance, one size does not fit all. It would help if you considered factors like the value of your bike, where you live, how often you ride, and whether you commute on your motorcycle. An experienced insurance agent can help you determine the right coverage for you.
2. Not Getting Enough Liability Coverage
Liability coverage is important for two reasons. First, it protects you financially if you cause an accident and are sued. Second, it’s required in most states. Make sure you have enough liability coverage to protect yourself in an accident.
3. Assuming Your Auto Policy Covers Everything
If you have a personal auto insurance policy, you might assume it covers your motorcycle as well. However, this is usually not the case. You need a separate motorcycle insurance policy to be fully protected.
4. Buying the Cheapest Policy You Can Find
When it comes to insurance, you get what you pay for. The cheapest policy might not provide the coverage you need. Make sure you compare policies carefully to find one that meets your needs at a price you can afford.
5. Lying or Withholding Information
When you apply for motorcycle insurance, you’ll be asked to provide some personal information. It’s vital that you answer these questions honestly and accurately. If you withhold information or lie on your application, your policy could be voided if you have an accident.
If you’re planning to buy motorcycle insurance, avoid these common mistakes. Work with an experienced agent to get the coverage you need at a price you can afford. B & G Insurance in Miami, FL can help you find the right policy for your needs. Give us a call today!