Oklahoma has a very active and lively motorcycle culture, and many Oklahomans think the ultimate rush is hitting the open road on a motorcycle. The state holds motorcycle meets, races, and benefit rides all year long. When you take to the road, the law requires you to have motorcycle insurance. Before you go out to get quotes and coverage on your bike, read the information below for important information.
Motorcycles may be fun, but they do come with added risk. You could be in an accident due to driver fault, road conditions or driving above the speed limit. And when an accident happens, having proper motorcycle insurance is important.
Liability insurance is required in OK, at these levels:
It may be a good idea to carry coverage higher than these minimums. Unfortunately, these limits hardly cover a minor accident, let alone a serious accident or fatality. When you do have an accident, if you reach the coverage limits on your policy, you may be responsible for paying the remaining costs out of pocket, which means you may have to sell your house, vehicles, have wages garnished, etc., until you pay the balance.
Motorcycle insurance is very similar to auto insurance, with many coverage options to choose from:
There is no strict cost for motorcycle insurance policies in Oklahoma. However, when you get quotes, remember that insurers consider the following factors in determining your premium:
There are discounts available, as well. If you have more than one motorcycle, have experience riding, or have taken a riders safety course, you may get discounts. Some insurance companies also offer a "lay-up" policy if you do not use your motorcycle during extended periods.
You can insure almost any type of motorcycle, including the following:
Even if you have a completely custom-built motorcycle, there is a policy and coverage perfect for your situation. While having simple liability coverage may be tempting, having only liability will really hurt when you wreck your $40,000 motorcycle. It's important to be properly covered.
No matter what type of motorcycle you drive, it's important to have adequate coverage. Whether you need help with a new policy or an existing one, a Trusted Choice® member agent can help you find the perfect policy to protect yourself and your motorcycle.
Contact your Trusted Choice agent for more information.