Motorcycles are becoming one of the most popular modes of transportation. Their compact size makes them easy to maneuver and fit into tight parking spaces. Since it’s a smaller vehicle, it also requires less fuel, making it an inexpensive, environmentally friendly way of getting around. There are many different kinds of motorcycles, including dirt bikes, sport bikes, and choppers. All bikes need some form of Milwaukee, WI motorcycle insurance, not just because it’s the law, but because it protects your finances.
The state of Wisconsin requires that all motorcycle drivers have at least liability coverage. If you get caught without insurance, you could face a traffic ticket and even more fees. The state could even suspend your license, depending on your driving history. Whether you drive a car or a motorcycle, offenses from both vehicles end up on the same DMV record.
Besides meeting state requirements, motorcycle insurance can protect you from the cost of a collision, theft, or other loss. With the increasing number of motorcyclists on the road, the chances of a collision increase. Purchasing insurance can help you offset the costs of property damage and medical expenses for yourself and anyone else involved in a crash.
If you cause an accident, you’re responsible for any costs associated with the crash. This can range from a few hundred dollars into the millions. Often, the legal minimum requirement can’t provide enough coverage for a serious accident. Here are the things that a liability policy will cover:
The most important aspect of liability coverage is the ability to protect your personal assets. Let’s say you have the minimum liability limits of $25,000 per person and $50,000 per accident. If you’re involved in a wreck, the other driver’s medical expenses could be close to $75,000, and the property damage could exceed $15,000. That would be a total cost of $90,000. The maximum cap on your policy is $50,000 total for a single accident, which leaves you with a $40,000 bill. This is why it's important to purchase as much liability coverage as you can afford.
Other coverage can be added to the liability coverage in your motorcycle policy. These are similar to car insurance, and can include the following:
Setting the right coverage limits really depends on your personal circumstances. A Trusted Choice® independent agent can help you analyze your coverage, and help you find ways to cover your unique risks.
When you work with a Trusted Choice agent, you have an insurance guide who can help you compare policies and Milwaukee motorcycle insurance quotes. Contact an independent agent. It only takes a few moments to find a local agent right in your ZIP code.