See what the terms mean for you and your ride.
Your deductible is the amount you'll pay before your motorcycle insurance kicks in to help cover a claim — up to the limit stated in your policy. Learn more about how deductibles and limits work in a motorcycle insurance policy.
Motorcycle insurance deductibles
A deductible is the amount of money you agree to pay to help repair or replace your motorcycle if you have a claim covered by your policy. For example, suppose you damage your bike in a covered accident and it will cost $5,000 to repair. If you have a $500 deductible, that will be subtracted from the amount you're reimbursed for your claim, so your policy will cover the remaining $4,500.
You can set your own deductible for each type of coverage. Choosing a higher deductible means you might pay less for your insurance premium now, but may have to pay more out of your own pocket in the event of an accident.
Motorcycle insurance coverage limits
Each coverage in your policy has a limit. If your motorcycle accident claim is covered by your Allstate policy, Allstate agrees to pay for expenses up to the coverage's limit. If expenses exceed your coverage limit, you will pay the balance. For example, suppose you cause an accident with your motorcycle and another person is injured. The case goes to trial and there is a verdict to compensate the injured person with $57,000. If you have a $50,000 per person bodily injury liability limit, your insurance would cover $50,000, and you'd be responsible for the remaining $7,000.
You can set your own coverage limits as long as you meet your state's minimum requirements. Choosing a higher limit means you might pay more for your insurance premium now, but it could help protect you from having to pay more out of pocket later.