Motorcycle Theft and Insurance Coverage

Motorcycle insurance helps protect owners from accidents and theft. Unfortunately, motorcycle theft is a common problem that is not just in Dadeville, AL but all across the country. Understanding how theft can affect motorcycle insurance is vital to help purchase a policy and protect yourself from experiencing insurance rate increases. The agents at Highpoint Insurance Group are ready to help motorcycle owners learn more about their insurance options, and they are affected by theft. 

Why Your Motorcycle is a Target for Thieves

There are many reasons why motorcycles are targets for thieves, including the fact they are often equipped with expensive aftermarket parts. These parts not only increase the value of the motorcycle, but they can also be sold individually for high profits. Additionally, motorcycles are more accessible to steal than cars because motorcycles typically do not have the same anti-theft features as vehicles do. 

Theft and the Seasons

Motorcycle thefts often rise and fall as seasons change. Since motorcycles are more present in the summer months, because everyone is out riding, theft rates rise. In 2012, the National Insurance Crime Bureau reported that July had the highest number of stolen motorcycles. During this month, there were more than 5,500 thefts reported in the United States. Conversely, the month of February saw the fewest thefts, with a little more than 2,000 motorcycles stolen across the country. 

Effects of Stolen Bikes on Insurance

When a motorcycle gets stolen, a theft claim gets reported to the insurance company. Filing a claim for theft could immediately impact motorcycle insurance coverage rates. Though the theft is covered, filing a claim turns a motorcycle owner into a high-risk policyholder, affecting premiums. 

Motorcycle owners in Dadeville, AL must understand how theft affects their motorcycle insurance rates. Those with questions can receive further assistance in understanding their motorcycle insurance policy by reaching out to the experts at Highpoint Insurance Group. 

What are the reasons to get a motorcycle insurance policy?

Those that are in the Alexander City or Dadeville, AL area will need to own some form of a vehicle to get around town. When you are looking for a new vehicle here, you should consider getting a motorcycle. These vehicles are ideal here due to the warm weather and the fun and efficient mode of transportation that they provide. When you are looking for a motorcycle, you should also consider your motorcycle insurance needs. There are several reasons to get this coverage. 

Protects Against Liability Risk

A primary reason that you should get a motorcycle insurance policy is that it can protect against liability risk. Those that are looking for a motorcycle and want to use it regularly are going to run the risk that they will cause an accident. If this does occur, you could be liable for the damage. A motorcycle insurance policy will give you coverage to limit this risk.

Covers Your Motorcycle

Getting coverage for your motorcycle is also a good idea because it will give you coverage for the asset. If your motorcycle is damaged in an accident, stolen or vandalized, the costs to repair or replace it can be significant. Fortunately, you can protect yourself by getting a full motorcycle insurance policy that will provide you with the insurance support you need. 

As you are looking for a motorcycle insurance policy in Alexander City or Dadeville, AL, you should speak with the insurance team at Highpoint Insurance Group. There are a lot of choices that need to be made when you are looking for insurance. As you are shopping for a new policy, all of your questions can be answered by the Highpoint Insurance Group. The team here is able to take a personalized approach to ensure you choose the right policy.