Buying a motorcycle can be a very exciting time.  While you may be dreaming about cruising on the open road, you also need to make sure that your new motorcycle is properly covered by insurance.  There are several important reasons why you need to have a quality motorcycle insurance policy in place. 

Protects Your Asset

One of the main reasons why you need to have insurance coverage on your motorcycle is that it will be able to protect your asset.  A motorcycle can be a very big and expensive asset to purchase.  If you are in an accident or if it is stolen or vandalized, you will want to have an insurance policy in place that can cover the repairs or replacements of the motorcycle.  This collision and comprehensive coverage will be required if you have a loan on your motorcycle. 

Protects Others

Another reason why you will need to have motorcycle insurance is that it will protect other people on the road as well.  For those that live in the Rochester, MN area, having liability insurance on your motorcycle is required by law.  This type of insurance coverage will provide coverage for repairs to the other party’s vehicles or medical bills if you are found to be liable for an accident.  In the state of Minnesota you will be required to carry minimum coverage levels of $15,000 for property damage and $25,000 for bodily injury coverage. 

Since motorcycle insurance is so important, speaking with a professional before you purchase a policy would be very beneficial.  For those that are in the Safechoice Insurance Agency area, speaking with Safechoice Insurance Agency would be a great option. Safechoice Insurance Agency is a leading insurance agency that can help you to better understand your insurance needs and can help you get into a great policy.