Do You Need Motorcycle Insurance if Your Bike Is in Storage?

If you aren’t going to be riding your motorcycle year-round in Woodstock, GA, you may be considering canceling your insurance to save money. Motorcycle insurance is required when you are driving on the road, but technically you don’t need it if you aren’t riding your bike. Canceling your insurance may cost you though, and there are other ways to save.

If your bike is in storage and you don’t have insurance, you have to fight the urge to go out for a ride, even if the weather is great. If you are out without insurance, you could be faced with some costly penalties, and if you cause an accident it can be even worse.

Even with your bike in storage, it still faces some risks. Some of the risks include storm damage, vandalism, and fire. Without proper insurance on your bike, and if there is damage that is caused, you would have to pay out of pocket for repairs. How you store your bike could also affect your insurance. Insurance companies look at the possible risk to determine how likely you are to make a claim. If you are keeping your bike in a locked brick building or a garage, then it will help lower your premiums because you are trying to deter thieves and vandals.

Instead of canceling insurance, speak with an agent at Peter Laczko Insurance Inc. to ask about a lay-up policy, which will keep everything but the comprehensive coverage. The comprehensive coverage protects you in the event of vandalism or theft. You could also raise your deductible while your bike is in storage and it will lower your premium. However, if you do need the insurance during this time, make sure you have enough cash on hand to pay for the higher deductible.

Contact Peter Laczko Insurance Inc. serving Woodstock, GA to get a quote on motorcycle insurance.