According to Arkansas Department of motorcycles laws, any motor vehicle on the roads must have insurance liability coverage and this law holds good for motorcycles too. This liability insurance coverage is required to help pay for injuries and for property damages caused by an accident. You may note that Arkansas is a “no fault” State and hence all drivers are made liable for the injuries to themselves and their passengers in the event of an accident. Let us see about the motorcycle insurance laws and insurance facilities available in Arkansas in the following paragraphs.
According to the State law regarding motorcycle insurance in Arkansas, the motorcycle riders on the roads of Arkansas are required to carry a minimum liability insurance coverage as prescribed below.
$25,000 for death or bodily injury for one person
$50,000 for death or bodily injury to two or more persons and
$25,000 for property damage liability.
The above are the minimum liability coverages and this would not be sufficient and this can be verified with someone, who had stayed in a hospital for a treatment. Moreover, even though Arkansas is a “no fault” State, this does not mean the affected parties in an accident cannot sue you for further claims for the losses incurred by them. Will these suits put you in more financial distress ? Yes is the answer. Therefore, it is advisable that motorcycle riders should carry insurance coverage that is far above the minimum liability insurance coverage so as to save them from further financial loss.
If you are satisfied with the minimum motorcycle insurance liability coverage, it is totally wrong. This minimum liability insurance will not provide you the enough financial protection. In fact, the liability insurance covers the expenses on injuries and property damages only to others, who are affected by you in an accident. This will not meet the expenses on the injuries sustained by you in the same accident or any other accident. Motorcycle insurance companies in Arkansas offer many optional coverages to relieve you from more than expected expenses that may arise due to accidents.
Therefore, it is better to consider buying the following optional coverages after referring to the motorcycle insurance quote offered by almost all leading companies through their websites. The suggested optional coverages are as follows.
Comprehensive Insurance Coverage: This will cover the expenses on damages done to your motorcycle by natural disasters or vandalism.
Collision Coverage: This will meet the expenses on the repair charges to your motorcycle caused by an accident.
Medical Payments Coverage: This will cover your medical expenses if you are injured in an accident.
These are only a few options and there are some more optional coverages and this depends upon the insurance company that offer insurance coverage to motorcycles.
Importance of Motorcycle Insurance:
Suppose a car collides with a motorcycle it is needless to say that the first affected person would be the motorcycle rider. The motorcycle drivers may even die or get seriously injured in such accidents. Many of the motorcycle drivers ride them for a fun or for a thrill and therefore, there is a great risk of them involving in accidents. Many bikes are extremely fast and no one can easily judge its movements. When compared to cars, motorcycles are smaller and and easy to miss by inattentive drivers. That is why motorcycle insurance policy is considered as very important and the Government is right in making the insurance compulsory.
In Arkansas, a statistical study says that on an average 70 motorcyclist die in accidents in a year and this is surely alarming. On an average about 1400 accidents occur in Arkansas in which the riders get serious injuries or small injuries or face death. Riding a motorcycle without a helmet is also one among the main reasons for such accidents. Even though there is a law that motorcycle riders who are below 21 years of age have to compulsorily wear helmets, it is advisable that all riders wear helmets at least to avoid head injuries.
Motorcycle Insurance Companies in Arkansas:
Motorcycle insurance policies are almost similar to one another and the premium rates may vary according to the coverages required and the riders of the different type of motorcycles. You must also note that no two riders are alike and there are different varieties of motorcycles and hence there may be variations in premium rates of motorcycle insurance policies. There are many motorcycle insurance companies in Arkansas serving the people of Arkansas. To mention a few of them, they are USAA, Erie Insurance, Amica, American Family, Geico, State Farm, Allstate, Farmers Insurance, Nationwide, Liberty Mutual and Progressive. The above insurance companies serve the people of Arkansas in a better manner and offer affordable premium rates and satisfactory services to the customers.
If one wants to compare the quotes of different insurance companies then he or she can get the motorcycle insurance online by visiting the websites of the respective companies. As seen already, most companies offer motorcycle insurance policies that are similar to auto insurance policy. In addition to buying the minimum liability motorcycle insurance policy, you can get additional coverages that include medical payments, comprehensive and collision coverages.
You can qualify for discounts which can reduce your policy premiums provided you buy multiple policy from a single provider, pass the safety driving courses, renew the insurance regularly and buy insurance for multiple vehicles. You can check to which type of discounts you are eligible. You should not fail to avail these discounts which will help you in lowering your insurance premiums.
How to do Shopping?
You can consult the independent agents, who represent many reputed insurance companies regarding the purchase of motorcycle insurance policy. They will be able to provide you the quotes of several companies along with the coverages. You can compare the quotations and choose the best one that is suitable to you in all respects. Otherwise, you can do shopping through online from where, you can get the required information for buying a motorcycle insurance policy.
Conclusion: Similar to auto insurance, motorcycle insurance is also important and no one should fail to buy motorcycle insurance. Keeping in mind about the safety of the motorcycle riders and to save them from any possible financial distress in case they meet with some nasty accidents, this type of insurance is also made mandatory. Ride your motorcycle with proper insurance and enjoy your ride as well as your life.