Whether you ride a street bike, chopper, scooter or dirt bike, the joy of the open road is yours. Motorcycles are popular vehicles for many people today, but there are risks to consider when you take the road on one of these bikes. Because motorcycles and their riders face unique risks on the road, insurance for them must be specialized.
If you are in need of Illinois motorcycle insurance for your motorbike, contact a local independent agent in the Trusted Choice® network near you. Your agent can help you compare quotes and coverage options to find a customized policy for your situation.
Some National Facts About Motorcycles
- There were 4,500 motorcycle-related deaths in 2010
- Motorcycle injuries and deaths cost about $12 billion per year
- Motorcycle-related deaths have gone up more than 50 percent in the last 10 years
What Constitutes a Motorcycle and What Is Motorcycle Insurance?
In the most basic definition, motorcycles are essentially bicycles with a motor. They include choppers, sport bikes, motocross bikes, dirt bikes and even scooters. While dirt bikes typically are not required to have insurance, bikes that are considered “street legal” do have insurance requirements in most states.
Street-legal motorbikes generally require insurance that is similar to most other street vehicles, like cars and trucks. Illinois motorcycle insurance is designed to protect you from financial loss due to an accident or some event that causes damage to your bike, to yourself or to another person or their property. The basic coverage types are as follows:
- Property damage liability: This pays for damage to another vehicle or object as a result of an accident in which you are at fault, up to the policy limit.
- Bodily injury liability: This pays up to the policy limit for injuries caused by an accident for which you are at fault, up to the policy limit. Property damage liability and bodily injury liability insurance both can help pay for legal fees associated with a lawsuit.
- Collision: This pays for damage to your motorbike resulting from a collision with another vehicle.
- Comprehensive: This pays for damage to your motorcycle due to falling object, severe weather, vandalism or theft.
- Medical payments: This is an extra coverage that pays for medical bills incurred as a result of injuries from an accident.
- Uninsured motorist: This covers expenses incurred from an accident in which another vehicle operator is at fault, and does not have enough coverage or has no coverage at all.
Most policies have some exclusions. Therefore, be sure to read the fine print of your policy, or ask your Trusted Choice member agent to go over the fine print with you in detail so you understand exactly what you’re getting.
Is Illinois Motorcycle Insurance Required, and How Much Coverage Do I Need?
Since motorcycles are considered on-the-road vehicles in Illinois, the state requires all motorcycles to have a certain level of liability insurance before they can be registered for road use. State law requires liability coverage of $20,000 in personal injury liability for a single individual, $40,000 for all individuals in an accident and $15,000 in property damage liability. Illinois and 35 other states, plus the District of Columbia, require motorcycle insurance.
How much Illinois motorcycle insurance coverage you need may be more than what is required by state law. You’ll have to look at your financial situation and your ability to pay for damages and injuries if you get involved in an accident. For example, if you have assets that you could liquidate in order to pay costs associated with accidents, you may opt to have higher deductibles, or even less coverage in some situations.
Be sure to ask yourself whether you could replace your bike if it was a total loss. Questions like this will help you determine how much coverage above the state minimum you will need to protect yourself financially. These are all things we prefer not to think about, but the protection of insurance can provide excellent peace of mind.
How to Compare Illinois Motorcycle Insurance Quotes
Because motorcycle insurance is required in the state of Illinois, it is not difficult to find the coverage you need to protect your motorbike from loss. However, every rider is different, and it is important to find a personalized policy for your specific situation. Are you a rider who stays in your local area, or are you one who travels all over the state and beyond state lines? How much did you spend on your bike? Have you made several costly upgrades to it? Will others in your family be riding? These may just be some of the questions your agent will ask to determine the right about of Illinois motorcycle insurance for you.
To make sure you don’t get too much coverage or pay too much for the Illinois motorcycle insurance coverage you need, meet with a local agent in the Trusted Choice network to get help evaluating your coverage needs. Your agent can help you quickly compare Illinois motorcycle insurance quotes and policies from different insurers. For convenience and protection at a reasonable price, contact a local Trusted Choice independent agent today.