What You Should Know About Motorcycle Insurance Before Buying a Bike

Whether you enjoy the free feeling from cruising past prairies and cornfields across I-55 or cruising down Lakeshore Drive laid back on a cruiser, a motorcycle is an exhilarating method of transportation. However, before you step into the dealership, there are some important things to know about motorcycle insurance in Illinois. There are certain requirements you need to meet to legally drive on public roads, as well as a wide range of discounts you can take advantage of to lower your premium. For specific information dealing with your situation, contact Bob Korvas Agency Inc. that serves the Niles, IL area.

Motorcycle Insurance Requirements in Illinois

All Illinoisans need to have liability insurance to ride their motorcycles on public roads. This type of coverage pays for other people’s property damage and medical costs if you’re at fault for an accident. The bare minimum liability limits in Illinois are:

  • Each person’s bodily injury liability coverage must be at least $20,000
  • Bodily injury liability per incident requires at least $40,000 of coverage
  • Per incident, you must have at least $15,000 worth of property damage liability coverage

Of course, these are just the minimum requirements. You should choose limits that offer you peace of mind and meet your financial situation.

How to Save Money on Your Policy

There are many ways to lower your motorcycle insurance cost. If you already have homeowner’s or auto insurance with the same provider, you may get a lower quote to add on motorcycle overage. If you’re a long-time bike rider or over the age of 55, you may qualify for a mature rider discount. A clean driving record is another way to get a discount from most providers. Learn how you can save money on your motorcycle insurance policy by reaching out to an agent from Bob Korvas Agency Inc. that serves the Niles, IL area.