Comprehensive Insurance ~ Motorcycle Insurance

Comprehensive insurance can be a great addition to a motorcycle insurance policy. Comprehensive insurance covers damages to your motorcycle that aren’t covered by collision insurance!

While comprehensive insurance isn’t a requirement for registering your motorcycle, it could be required if you have a lease or loan on your motorcycle.

Below is information about comprehensive insurance, what most motorcycle insurance companies will cover with it, what isn’t covered, how much it costs, and how to choose the right coverage limits.

Comprehensive Insurance For Motorcycles
Because of their smaller size, motorcycles can be easy targets for theft. Also, being exposed to the elements means that motorcycles are more susceptible to weather-related damage. Comprehensive insurance can help ensure that you have protection for non-accident events.

What Does Motorcycle Comprehensive Insurance Cover
Comprehensive covers offer protection for many types of incidents.

Theft And Vandalism: Comprehensive covers your motorcycle if it’s stolen or vandalized.

Natural Disasters: Comprehensive insurance kicks in for damages caused by events like floods, earthquakes, and storms.

Fire Damage: Comprehensive pays for losses due to fire.

Collisions with Animals: Most people don’t know this, but collision insurance WON’T pay for damages to your motorcycle if you hit an animal while you’re riding. But comprehensive will!

Other Non-Collision Damages: Comprehensive insurance covers falling objects or other damage to your motorcycle while it’s parked.

What Doesn’t Motorcycle Comprehensive Insurance Cover
Don’t be fooled by the name – comprehensive insurance coverage, in fact, doesn’t provide all-encompassing coverage.

For example, comprehensive insurance for motorcycles typically doesn’t cover:

• collisions with other vehicles (you’ll need collision insurance)
• collision with stationary objects, such as a fence pole or building (you’ll need collision insurance)
• your own medical expenses (you’ll need medical payments coverage or personal injury protection insurance)
• damage to other injuries to other people or damage to their property (you’ll need liability insurance)

Cost Of Comprehensive Insurance
The cost of motorcycle collision insurance varies from company to company, but it’s generally based on some or all of the factors listed below.

Value of the Motorcycle: The higher the value of your motorcycle, the higher your insurance premiums.

Risk Of Theft Or Damage: If your motorcycle is a model that’s commonly stolen, if you live in a high-theft area, or if you live in a region that’s prone to natural disasters, you’ll pay more for comprehensive insurance.

Deductible Amount: A higher deductible can lower the cost of your premium.

How To Choose The Right Comprehensive Coverage Limits
Do you even need comprehensive insurance? To answer that question, and to choose choose the right level of comprehensive insurance coverage if the answer’s “yes,” weigh the value of your motorcycle and the risks you face against the cost of your premium and deductible. Comprehensive insurance could be a wise investment if you own an expensive motorcycle, if you live in an area that’s prone to theft or extreme weather, or if you’re at risk of hitting an animal while you’re riding.

Check With Your Insurance Agent Or Company
Please note that the information provided above is for informational purposes only. For the most accurate, up-to-date, specific information, check with your insurance agent or insurance company.