In the United States, the premium for motorcycle insurance depends on the state of residence. Arizona has a population of over 7,000,000. This state has particular geography which makes it a region where motorcycle traffic is the main feature. Indeed, its relief is rugged, and more than half of the area is made up of mountains and plateaus. Its landscapes are desert and its climate presents very hot summers and mild winters. How much does motorcycle insurance cost in Arizona?
Components of Motorcycle Insurance in Arizona
Motorcycle insurance allows you to be compensated in the event of a material or bodily injury caused to others and to yourself. It includes a compulsory insurance part and an optional part. The amount is therefore very variable. The general principle of pricing is that it depends on the extent of the risks covered. Simple third-party insurance will be cheaper than comprehensive insurance.
Insurers determine the degrees of risk according to the profiles of their clients. The base rate for the motorcycle insurance premium is thus directly linked to the information communicated to the insurer at the time of subscription. They include the place of residence, gender, socio-professional category, driving experience, use, category, and brand of the motorcycle. In addition, the rates for the same coverage offered to the same person vary from one establishment to another. It is therefore advisable to compare the offers of several insurance companies.
Mandatory components
Here you can find:
- Liability to others
This guarantee covers third parties when the insured is responsible for an accident. It consists of “bodily injury liability” and “property damage liability”.
- Medical payments / Personal Injury Protection
These guarantees cover in the event of a “responsible” accident and in the event of an accident “without an identified third party” (slip on a puddle of oil, for example).
- Uninsured motorist bodily injury / Uninsured motorist property injury
These are the bodily and material guarantees that cover in the event of an accident with a driver without insurance or a hit-and-run.
The motorcycle insurance contract must absolutely clearly evoke all these guarantees, this is the basis.
Optional components
Some additional components can be provided. As it happens :
- Collision
This is the all-risk supplement to medical payments / Personal Injury Protection. It makes it possible to cover the motorcycle in particular in the event of a collision.
- Comprehensive
This guarantee makes it possible to reimburse damages related to the motorcycle in the event of specific events, such as theft, broken glass, flood.
- Lojack
This guarantee is sometimes requested by insurers. It is a connected GPS tracking system accessible to US law enforcement.
Other additional guarantees may be added depending on certain criteria or at the choice of the insured. The basic premium for motorcycle insurance can thus be as high as $165 per month.
Good to know!
The bonus-malus coefficient is a formula for reducing/increasing the insurance premium at each annual due date. When this coefficient drops, the insured benefits from a reduction in the basic premium.
Before subscribing, it is essential to carefully read the “Insurance Product Information Document”. It is an information notice that precisely describes the guarantees contained in the insurance contract. It also lists the exclusions for situations that are not covered by the guarantees of the contract and is given before the subscription. Finally, you should know that the helmet is mandatory for users 17 and under in Arizona.