Motorcycle insurance works the same way as auto insurance, protecting you from significant financial losses in the event of an accident, injury, theft, and other covered damages. The more thorough your motorcycle coverage, the greater protection and peace of mind you will enjoy. To help you assemble the most beneficial policy, here is what you need to know about coverage options and required minimums.

Motorcycle Insurance Options

A motorcycle insurance policy consists of multiple kinds of coverage. One of the most important is liability, which covers accident, injury, and property damage costs for the other party if you cause an accident. This should be the foundation of your policy.

Collision covers the costs of your motorcycle repairs, no matter who was at fault for the accident. Liability coverage is the bare minimum and won't pay for your bike damage—only collision protection will do that.

Comprehensive covers damage to your bike that isn't caused by a collision. For instance, if your bike is stolen or vandalized, this will help with replacement or repair costs.

Because they don't have the protective enclosure of a standard passenger vehicle, motorcycles come with a greater risk of serious injury. For this reason, you may want to add personal injury protection to the policy. This pays for medical bills, lost wages, and other damages if you or your passenger are injured on the bike.

Lastly, it's always good to carry uninsured or underinsured motorist coverage. If you get into an accident with a driver who doesn't have insurance or whose coverage isn't enough to take pay the full cost of damages, this policy will fill in the gaps.

Minimum State Requirements

Nearly all states require some type of motorcycle liability insurance. In Arizona, the state-mandated minimum coverage liability amounts are $25,000 for death or injury to one person; $50,000 for death or injury to two or more people; and $15,000 for property damage. Bear in mind that these are only minimums, and you can increase the limits as you wish for better protection.

If you're looking for motorcycle insurance in the Phoenix, AZ, area, contact Insurance Savers. Since 1999, they have been providing a wide range of insurance solutions. Whether you need vehicle, home, or business coverage, they have a policy to meet your needs and budget. Call (602) 265-9311 to request a quote or visit their website to explore their services.