Do you drive and own a motorcycle in Bridgeport? If you do than you need motorcycle insurance coverage per state law. This insurance is far less costly than automobile insurance, and provides you priceless peace of mind. Knowing that you can cover the cost of damages to your motorcycle and damages to the other person’s vehicle in the event of an accident will help you rest easy. What would you do if you had to pay for all of those damages out of pocket? Luckily you won’t have to with good motorcycle insurance in Bridgeport. You can find insurance as low as 10 dollars per month if you meet the criteria.
Minimum Coverage
The state requires that you have basic liability insurance. Even though this is the minimum coverage you need, it can be more costly to you in the long run if you get into an accident. Liability only covers the cost of damages to the other person’s vehicle and any medical bills associated with their injuries sustained in the accident. It does not cover damages to your motorcycle. While this may be the cheapest option up front, you would have to pay for any repairs to your motorcycle. It may seem cheaper at the time, but full coverage is often not that much more expensive and is well worth it.
Full Coverage
Full coverage insurance covers not only damages and injuries of the other party if you are held responsible for the accident, but also damages to your motorcycle as well. You can add options to include more coverage on this policy as well. Comprehensive insurance covers damages not associated with an accident such as theft, vandalism, flood, fire and weather. If you hit an animal and it damages your motorcycle this type of coverage will often assist with the costs of the repairs. Who would pay for the damages to your motorcycle if someone hit you and they didn’t have insurance? If you choose to add un-insured or under-insured coverage to your policy, than your insurance company would pay for the repairs.
What is a deductible?
A deductible is the amount of money your company requires you to pay before they will cover the damages. For example: You have been in an accident and are deemed the responsible party. It will take 3,200 dollars to fix your bike. However, your bike is only worth 2,000 dollars. If your deductible is 200 dollars you will have to pay that amount to the insurance company for them to replace your bike. You will have to discuss specific deductible information with your agent, as this is only a vague example. As a general rule, the higher your deductible is the lower your monthly payment will be and vice versa.
Auto Cycle Insurance Inc. offers rates as low as 126 dollar per year for motorcycle insurance in Bridgeport.
