If you own a motorcycle or are thinking of buying one, you already know there is nothing quite like cruising on two wheels. Whether you use your bike for a daily commute or leisure, though, there are also risks to account for before you strap on your helmet and ride. Here at Myers Insurance Group, we can help you build a motorcycle policy that’s as custom as your bike is, so you can explore the open road with as little financial risk as possible.
When you shop independent, you are choosing to work with an agent who can quote options and find insurance solutions from several different carriers – not just one. That opens a wide range of options that might not otherwise be available if you shop direct instead. It also means we can likely find coverage for nearly any bike or trike, including:
- Sport Biles
- Touring bikes
- Scooters and Mopeds
- And more
Motorcycle Insurance Options
Insurance for motorcycles is much like traditional auto insurance, only with several adjustments and unique coverages designed to mitigate the risks of a rider. We can help you select your coverage and limits based on your unique vulnerabilities and exposures, including how much you ride, where you ride, and what you could stand to lose in an accident-related lawsuit.
Your motorcycle policy may include several different types of coverage, some of which include:
Property Damage and Bodily Injury Liability
Liability is an important part of motorcycle insurance, as it protects you against lawsuits and financial responsibility stemming from third-party damages and injuries. For motorcycle insurance policies, there are generally two types of liability coverage: property damage and bodily injury.
Property damage liability coverage helps pay for the damages you cause to someone else’s property while operating your motorcycle. This could include the cost of repairing a car or restoring a storefront. Bodily injury liability coverage helps pay for your financial responsibility after injuring someone or multiple people in an accident. Typically, this includes the cost of defending yourself against a lawsuit, as well as the cost of any judgments and penalties against you up to the limits of your policy. We typically recommend investing in high-limit liability protection, as purchasing lower limits could leave you financially vulnerable to excess damages.
Could you afford to repair your bike or take a total loss on it? Unless you have coverage for physical damages, that is exactly what could happen in the event of an accident, inclement weather event, or even a theft. If you financed your motorcycle, you may be required to purchase physical damages coverage that protects the value of your vehicle. However, we typically recommend this coverage even if you own your bike outright, as it could save you thousands or even tens of thousands of dollars depending on the value of your bike and the extent of the damages.
Your policy will likely include two different types of physical damages coverage. The first is collision coverage, which helps pay for repairs or reimburse you for the loss of your bike if it is damaged in an accident or rollover. The other type of coverage is comprehensive protection, which helps pay for repairs or compensate you for the total loss of your bike due to non-collision events, such as theft, vandalism, and run-ins with wildlife.
Your bike may look different than it did when it came off the factory line. Talk to your agent if you have made significant enhancements or upgrades to your bike, such as chrome, a custom paint job, or after-market parts. Special equipment coverage can help ensure these upgrades are covered under your motorcycle policy.
If your motorcycle’s original manufacturer parts are replaced with after-market parts during a repair, it could affect the valuation or performance of your bike. With OEM parts protection, your insurer pays for repairs with original manufacturer parts whenever available.
Uninsured/Underinsured Motorist (UM/UIM)
You might assume all drivers and riders abide by Illinois law, but the truth is many motorists drive uninsured. If you are injured in a hit-and-run or by an uninsured driver, you might not have a third-party insurance policy to collect damages against. With uninsured motorist coverage, you can make a claim against your own policy for injuries sustained by an uninsured driver. Likewise, you can also file a claim against your underinsured motorist coverage for damages that exceed the available coverage limits of an at-fault driver’s policy.
If you are injured in a motorcycle accident, you’ll likely pay a visit to a local doctor or hospital. Regardless of who is at-fault for the injury, medical payments coverage can help pay for necessary expenses, so you can get the care you need right away. This coverage does not remove a third party’s potential liability, and it is typically limited to only a few thousand dollars, but it could be enough to help you cover co-pays and health insurance deductibles while you sort out any potential liability disputes.
Roadside Assistance and Towing
Things don’t always go as planned, no matter how careful you are or how well you maintain your bike. If you run over a nail in the road, run out of fuel, or experience a mechanical breakdown, roadside assistance can help cover the cost of getting help or even paying for a tow to the nearest mechanic’s shop.
Rental Car Reimbursement
If an accident leaves you without transportation, rental car reimbursement can help pay for the cost of a rental vehicle while your bike is in the shop.
Illinois Motorcycle Insurance Quotes
If you own a motorcycle in Illinois, let Myers Insurance Group help you get the coverage you need. We can shop and compare rates on coverage from multiple insurers, as well as help you find valuable savings you may be eligible for. Examples of common motorcycle insurance discounts include:
- Riders association discounts
- Low mileage discounts
- Rider safety course discounts
- Mature rider discounts
- Being claims-free
- Having no history of recent accidents or traffic violations
- Purchasing other lines of coverage from the same carrier
- And more
For more information about Illinois motorcycle insurance or to request your free quotes, contact Myers Insurance Group today.