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Geico Motorcycle Insurance 623-931-0766 Insurance Tip by John Nix Saving on Motorcycle Insurance Choosing and finding a good deal on a Geico Motorcycle Insurance policy can … … difficult task. Even with today’s quick internet quotes, insurance rates for a bike can vary several hundreds of dollars per year. To make an intelligent financial decision, it is important you understand the basic types of coverage and tips on how you can save money when getting quotes. Below, are the main types of insurance coverage you …
1. Liability and Property Damage: In most states liability and property damage insurance is the bare minimum coverage required by state law. Liability Geico Motorcycle Insurance is sometimes called bodily injury and pays for someone else’s injury if the accident is your fault. Property damage pays for you damaging someone else’s property during an accident. There are a couple details you should know about your liability coverage. First, if you financed your Geico Motorcycle Insurance you should verify with your lender that your minimum required coverage is liability and property damage. Many lenders require collision comprehensive coverage. Secondly, when getting a quote you should verify if the liability coverage includes guest passenger liability protection, which will offer a passenger on your bike protection in the event of injury from an accident. 2. Comprehensive and Collision: Comprehensive coverage protects your motorcycle against fire, theft, flood, vandalism. There is typically a deductible associated with comprehensive coverage. You will discover the higher the deductible the lower the cost of the insurance. Collision coverage protects your bike from damage in the event you are in an accident. Like comprehensive coverage, collision protection has a deductible that can range from $50 to $1000. One key factor to understand is that comprehensive and collision coverage’s generally only replace the cost of factory parts. So if you put a new Yoshimura racing pipe on your Suzuki GSX-R1000, the pipe is normally not covered with standard comprehensive and collision coverage. If you want coverage for custom parts and accessories you should ask your insurance agent about additional coverage or optional equipment coverage.