If you ride a motorcycle without having insurance, you could end up paying serious fines in the state of Illinois. Almost every state has minimum insurance requirements for motorcycles, and Illinois is no different. To legally register your motorcycle in Chicago, you must have the following minimum coverage:
- $25,000 for injuries to or death of one person in an accident
- $50,000 for injuries to or death of more than one person in an accident
- $20,000 for property damage coverage per accident
But what exactly is liability insurance? What if you want more than the minimum coverage? Here is some basic information on motorcycle insurance Chicago.
Liability Insurance
Liability insurance, both bodily injury and property damage, is required is most states. It refers to insurance that covers you if you hit another driver and injure them or damage their car. Similarly, guest passenger liability insurance covers any harm done to a passenger riding with you on your motorcycle – whether in a side car or on the back.
Personal Injury Protection
This is often required in “no-fault” states because it can be used to pay out your medical expenses, lost wages, and other damages no matter your legal liability.
Comprehensive Coverage
Comprehensive insurance is usually more expensive, but allows you to replace your motorcycle if it gets stolen, burns in a fire, washes away in a flood, etc.
Collision Coverage
This type of motorcycle insurance helps to pay for any damage or injury sustained by you, the motorcycle, or the property that you hit in the collision.
Custom Parts Coverage
Depending on how much you customize your motorcycle, you may want to buy additional insurance coverage to cover any damage done to these custom parts in an accident or collision.
If you’re in need of motorcycle insurance Chicago, contact Accurate Auto Insurance today to request a free quote! Chicago is a beautiful city to ride through, whether along the lake or in the Loop, as long as you have the right coverage. To get the most affordable rates on motorcycle insurance Chicago, use Accurate Auto Insurance.
Courtesy of Policy Genius
