MotorcycleMotorcycle insurance works a little bit differently from auto insurance. There are three basic types of motorcycle insurance: liability, economy and complete insurance packages. Let us help you understand the difference between the three so you can choose the right policy for your bike.

Liability Insurance

When you purchase liability insurance for your motorcycle, you will be covered against third party property damage and injuries. However, this type of policy only pays if you are at fault in an accident – it does not cover damage to your bike or injuries that you sustain in the accident. If you have assets that could be lost in a lawsuit, you should make sure that your liability coverage meets or exceeds your net worth. You could also consider purchasing an umbrella policy to cover any shortfalls in a liability only motorcycle policy.

Economy Insurance

Economy motorcycle insurance can be tailored to fit your needs. With this type of policy, you will receive liability coverage, as well as comprehensive coverage that protects your bike against theft. After that, you can choose to add coverage for guest passengers and uninsured motorist coverage.

Complete Motorcycle Insurance

With a complete motorcycle insurance plan, you will receive more coverage than with an economy or liability only policy. Along with liability and comprehensive insurance, you will also get collision insurance that covers damage to your motorcycle if you are in an accident. The collision insurance will pay the book value of your bike, minus the deductible you have selected.

For those that are concerned with the replacement value of their bike, a complete motorcycle policy may be the best choice. However, if your bike isn't your primary mode of transportation, you can save money by choosing liability or economy insurance. Talk to your insurance agent to make sure all of your bases are covered.

We’ll help you choose the right coverage. Call ECI Insurance Agency at (405) 373-2977 for more information on Oklahoma City motorcycle insurance.

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Please note that we cannot bind insurance via email, fax, or phone. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used are not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for specific details of coverages.

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ECI Agency, Inc. | 325 Piedmont Rd N | P.O. BOX 600 | Piedmont, OK 73078 | Phone: (405) 373-2977 M-F 8am-5pm