Motorcycle Insurance Information
Serving Anderson, Greenville, Spartanburg and Areas Across Upstate South Carolina
Why Do You Need Insurance For Your Motorcycle?
You'll enjoy being out on the open road even more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
- If you're in an accident or your motorcycle is stolen, it costs money, often a lot of money, to fix or replace it.
- If you or a passenger is injured in an accident, medical costs can be extremely expensive.
- If your motorcycle is responsible for damage or injury to others, you may be sued for much more than you're worth.
- Your motorcycle may be one of your most prized possessions. It deserves special protection.
Things To Consider And Questions To Ask Your Agent
Your Independent Agent is an advocate for finding insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
- How much can I afford to pay if my motorcycle is in an accident, damaged or stolen? (Ask your agent what your cost savings would be if you raised your deductible.)
- What discounts and programs are available? (Ask about discounts for taking safety classes or having multiple policies. You may also save money if your motorcycle is stored in a garage or if you belong to a motorcycle association.)
- How much medical and liability coverage should I have?
- Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
- What's the process for filing and settling a claim?
Tips For The Cost-Conscious Rider
Many factors can play a role in determining what your insurance costs will be such as your age, your driving record, where you live and the type of motorcycle you own, or being a graduate of a rider-training course.
- Many companies offer discounts from 10 to 15 percent on motorcycle insurance for graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider course. Riders under the age of 25, usually considered a higher risk, may see some savings by taking this course. It's also a good idea for cyclists who have already had accidents.
- Maintaining a good driving record with no violations will also help reduce your premiums.
- In many northern states, riders may save money by buying a "lay-up" policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
- Find out what discounts your insurance representative offers. Multibike discounts for those insuring more than one bike, organization discounts, if you're a member of a motorcycle association, and mature rider discounts for experienced riders, are just a few possibilities. Discounts can range anywhere from 10 percent to 20 percent, depending on the company and your state. Availability and qualifications for discounts vary from company to company and state to state.
- Keep in mind that the type, style (such as a sports bike vs. a cruiser) and age of the motorcycle, as well as the number of miles you drive a year and where you store your bike may also affect how much you pay for your premium.
Get Started Today
Thank your for your interest in Select Insurance LLC. We strive to provide the best advice and customer service throughout South Carolina. Please feel free to call one of our offices to speak with an insurance professional:
Or, email your questions and an agent will reply promptly.
Common Motorcycle Insurance Questions:
What is motorcycle insurance?
A motorcycle is a motorized vehicle that is in danger of encountering the same accident and operational hazards as any other vehicle. Yet, it is very different from a standard car or truck. Motorcycles have two wheels and require unique skills to operate. They also don’t give riders the same level of protection as a standard car.
Due to this, bikers need customized insurance coverage that can’t be found within a standard auto insurance plan. Motorcycle Insurance allows for owners to receive necessary protection to keep themselves and their vehicle protected in case of sudden loss.
Why do you need motorcycle insurance?
Under the standard motorcycle insurance policy, you will receive the assurance of financial assistance if you ever experience an unexpected, unpreventable loss involving your bike. This coverage will assist in paying for accident damage, settlements and other obstacles that may come your way. Whether you are on the road or parked on your driveway, this coverage will save you money and alleviate potential personal losses.
What does motorcycle insurance cover?
Motorcycle insurance includes a large array of benefits, which offer you protection against any obstacle you may encounter:
Comprehensive coverage: This provides compensation if the motorcycle is damaged or lost due to fire, theft, vandalism, hail or wind.
Collision coverage: This provides compensation if the motorcycle is damaged or lost due to a collision with another vehicle or object.
Liability insurance: This covers bodily injury and property damage the insured biker may cause to others (IE other drivers) when they are at fault for an accident whenoperating the vehicle.
Personal Injury Protection (PIP): This insurance helps with medical expenses for the driver and their passengers in case of an accident, no matter who is atfault.
Guest passenger liability insurance: This coverage steps in if a guest driver causes an accident while operating the motorcycle with the owner’s permission.
Uninsured/underinsured motorist insurance: This insurance steps in if the insured vehicle is involved in an accident with a driver not carrying insurance.
Other benefits that might be available to you include:
Am I required to buy motorcycle insurance?
North Carolina Motor Vehicle Law requires that Automobile Liability coverage be continuously maintained. The minimum coverage requirements are
$30,000 Bodily Injury for each person
$60,000 total Bodily Injury for all persons in an accident
$25,000 for Property Damage.
Motor Vehicle Law also requires Uninsured/ Underinsured Motorists coverage. Auto insurance policies with the minimum Bodily Injury and Property Damage limits are required to include Uninsured Motorists coverage. Policies with limits greater than the minimum must provide combined Uninsured/ Underinsured Motorists coverage. UIM coverage does not provide protection against property damage. The UIM coverage will pay a maximum of the difference between the other driver’s Liability limits and your UIM limits.
It may be required for bikers who have financed their bikes to purchase collision, comprehensive, gap or other physical damage insurance in agreement with lender rules.
It is encouraged for you to have more than the lowest level of coverage on your policy, and we specialize in assisting you in determining which level of coverage is best for you.
What does motorcycle insurance cost?
Various factor can impact the price of your motorcycle policy, including:
Your chosen coverage limits
The value of your bike
Your driving accident history
Your history of claims on other motorcycle policies
It is possible for two bikers to have identical policies yet pay different prices for them. However, we’ll always search our carrier network to guarantee you find the policy that will offer you the most desirable price for the level for the benefits you want.