Motorcycle Insurance

Buying motorcycle insurance should come with the same enthusiasm as buying the motorcycle itself. We all know that your gear is not the only protection you need when out in the open Illinois air. Motorcycle insurance is designed to ensure you do not strain financially in case of an accident. WSM insurance Agency Inc. recommends buying insurance according to your needs, budget, and lifestyle. Here is a guide to help you make the most out of your policy.

Motorcycle insurance coverage basics

Most states, including Illinois, require motorcyclists to have minimum liability, but there exist other optional coverages you can buy to increase your protection. Coverages are sold separately to allow policyholders to customize them based on their needs. Motorcycle insurance coverages include:

• Liability insurance
• Motorcycle Collision coverage
• Motorcycle comprehensive coverage
• Customized motorcycle parts
• Uninsured/underinsured motorist

Factors affecting your motorcycle insurance rates

Insurance companies use the information you give them to calculate your premiums. That’s why it is critical to provide accurate information to avoid penalties in the future. Some factors carry more weight than others when determining rates. For instance, your age may not be as important as your bike riding record. With that said, here are a few factors that may affect your rates:

• Where you live
• Your driving records
• Your age and age of your motorbike
• The number of miles you ride per year
• The type and style of your bike
• Where you store your bike

Motorcycle insurance rates vary in prices. Be sure to shop around to find the best deal. Additionally, maintaining a good riding record keeps your premiums low. In some cases, the more claims you file, the higher your premiums get.

How much motorcycle insurance do you need?

The amount of insurance to buy varies from one policyholder to another. In most cases, it is the type of bike you own. For instance, supersport bikes tend to be costlier to insurance than standard bikes. They are similarly expensive.

Looking to buy motorcycle insurance around Illinois? WSM Insurance Agency Inc. can help you find a policy that matches your needs. Feel free to contact us for more information.

WSM Insurance Agency Inc is licensed in Illinois and Wisconsin