This article provides all essential information regarding Progressive's motorcycle insurance programs to help clients with unforeseen issues.
Your two-wheeler is a motor vehicle that provides convenience and ease in various ways to its owners. The two main benefits associated with a motorcycle are saving time and resources. Compared to all other means of transport, a motorbike saves time and money. The cost of petrol usage is relatively lower than that of a car. It can also pass through smaller spaces that a car can never do. There are undoubtedly some benefits that a motorcycle can never provide to its owner that include comfort, air conditioning, music, and much more.
But, for people who want to save their time and money. This is why people who want to save money and reach somewhere quickly prefer investing in a motorbike. In crowded cities with dense traffic, a two-wheeled vehicle is a more suitable mode of transport. It can save a person from getting stuck in traffic and make traveling quick, rapid, and swift.
But like all other vehicles, a motorcycle also holds some risk factors. The biggest of these risk factors is the possibility of an unexpected and severe accident because motorcycles are not the safest option in the transportation world. On average, all the traffic accidents worldwide have higher involvement of motorbikes.
But these unexpected situations can take anyone by storm and leave him helpless. So what can aid a person in such a situation where he has to pay for his loss and take care of expensive medical assistance and treatment? What can he rely on to provide him with financial aid? The answer is straightforward, and an insurance program is an ultimate solution to these issues. Preparing for an unpredictable yet damaging situation can prove highly beneficial.
Thus, having an insurance program is the most logical and rational action any two-wheeler’s owner can take. Many insurance companies provide insurance policies and programs for motorcycles and other vehicles to help people with damage coverage, medical bills, and expenses reimbursement. Insurance policies can facilitate and aid many people in managing costs for sudden and unforeseen situations that can prove burdensome on a person’s pocket.
Private companies offer various options, providing different features and claim inclusions from which potential insurance buyers can take benefits. Progressive motorcycle insurance is a thorough and all-rounder insurance plan that covers all essential and primary aspects to protect you on the road and your safety gear. This is all the motivation anyone needs to invest in the Progressive insurance policies.
Table of Contents
- 1 What is Progressive motorcycle insurance?
- 2 What aspects does Progressive motorcycle insurance cover?
- 3 Add-ons that Progressive allows in its insurance policies
- 4 Factors affecting pay rates of Progressive’s policies
- 5 What are the discounts that Progressive offers?
- 6 Conclusion
What is Progressive motorcycle insurance?
Progressive is an insurance company working since 1937 in the United States. It is considered the number one commercial auto insurer in the USA and is titled the third-largest insurer carries overall. Providing a wide range of insurance plans and programs to various customers all over the USA, this company has managed to gain a reputable representation in the insurance market.
Since Progressive is mainly famous for its auto insurance plans, it covers all significant vehicles. These vehicles include cars, motorbikes, boats, commercial vehicles, etc. In terms of its motorcycle insurance programs, Progressive pays for repair costs, replacement expenses, medical bills and provides aid to anyone injured in an accident. It has managed to gain approximately 18 million clients and customers around the United States. By gaining motorcycle insurance programs, people can get financial aid along with the peace of mind. Insurance plans facilitate a person and make it easy for individuals to save money and ensure safety.
Progressive motor insurance is available in all 50 states of the United States and provides the cheapest rates to make its insurance plans easily affordable. Thus, the availability of affordable insurance plans is making it easier for people to get the package that suits their interests. Usually, bad conditions on the roads and rash driving are the factors that increase the chances of accidents, but there can be some other factors that can lead to such situations.
Whatever becomes the cause, accidents can lead to financial loss and even put one’s life in danger. So after getting severe injuries, one has to pay for his vehicle’s damage and medical expenses for himself. Loss of money is inevitable in this situation, and bearing all these costly bills for sudden accidents is often impossible for everyone. Accidents can inflict and cause serious damage to a vehicle, especially motorcycles. What can help a person financially in such an event?
So, owners of two-wheelers rely on motorcycle insurance programs to take care of such situations. This insurance program can take care of all the repair costs and costly bills for medical assistance. Helping a person cover expenses results in not making him financially unstable. This is why today, many people invest in insurance programs, and in some places, it is mandated by the government. Several companies also provide coverage for damage by natural calamities and hazards that include floods, earthquakes, hurricanes, etc.
People who own motorbikes generally already have limited resources, and accidents can increase their problems. Insurance policies can help them avoid additional burdens in cases of accidents and theft. Progressive motorcycle insurance provides clients with extra convenience as their packages are cheaper and more affordable than all its opponents in the insurance market. Progressive provides insurance programs for all major motorcycle types present in the market, from adventure to classic motorcycles.
Choosing an insurance plan for your motorcycle can be tiring because companies usually offer costly packages. But Progressive has made it entirely convenient for people to get suitable insurance policies with the option to self-customize. This and many other features make Progressive the number one motorcycle insurance company in the United States.
What aspects does Progressive motorcycle insurance cover?
Progressive motorcycle insurance provides a wide range of coverage depending on the policy plans. From minimum liability coverage to complete reimbursement of damage a person faces in an accident, Progressive provides all options. Policy limits and coverage amounts vary on the contract and inclusions present in it. On average, some policy plans also offer coverage limits up to $1 million, but its premiums are accordingly. The standard insurance coverage plan of Progressive takes care of the following situations:
- Bodily injury and property damage
- Comprehensive damage
- Medical payments
- Uninsured and underinsured motorist
Bodily injury and property damage
Accidents are caused by yourself, or someone else becomes the cause for it. In either case, a motorcycle insurance program will help you cover all costs and medical bills for bodily damage to yourself or someone who gets injured because of you. If you are at fault, you will be responsible for paying for the other person’s medical bills. But if someone else causes the accident, you may be eligible to get damage coverage from them.
Moreover, if property damage is involved in the accident, the coverage also includes property damage compensation. Bodily damage and liability insurance programs protect a person from paying a considerable amount of money out of his own pocket to cover all damages. Bodily injury mainly focuses on medical coverage that helps people pay for costly medical treatments. It includes not just the treatment costs but also doctor visits and, if needed, physical therapy as well. Paying for medical bills and other damages resulting from any accidental events makes these insurance policies a reliable source of aid for many people.
Collision is an instance where a vehicle violently strikes another. In simple words, an accident involving two or more cars that cross one another is a collision. Motorists are usually more prone to accidents and collisions since they provide minor safety to their riders. Through Progressive motorcycle insurance, motorists can get reimbursement for damage that occurs due to any collision involving two or more vehicles. This section of the policy mainly focuses on repairing costs of the motorcycle and vehicles involved, according to the policy limits.
In addition to this, this section of the insurance program also pays for property damage that results from the collision, including a damaged fence or a broken tree, etc. Not all damages are repairable, and so with the help of this coverage rider can also replace his vehicle if it cannot be repaired and restored. The cost for collision coverage depends firstly upon the policy program a person purchases. However, the average cost of collision coverage is $363 per year, according to the data from the National Association of Insurance Commissioners. Still, certain factors such as the state of residence affect the overall policy applications.
Comprehensive coverage helps with the cost of damage to your vehicle that is not the result of any collision. The main focuses of this insurance policy include theft, vandalism, hail, weather-related issues, and animal attacks, etc. Progressive motorcycle insurance program provides comprehensive damage coverage to its clients and aids them in such situations. It is a policy that pays to replace, repair or remove certain parts or the entire vehicle if it gets damaged or stolen.
Moreover, this program includes damage resulting from events like fire, falling objects (a tree), and other destructive elements. Progressive and many other insurance-providing companies have this section in their standard insurance policies and help their clients get maximum aid from them. Comprehensive damage helps with events, not in human control, and anyone can fall prey to them. Thus, providing coverage for them is the most appropriate step.
Medical payments and expenses
Medical assistance is mandatory after getting involved in an accident, but the healthcare system is too expensive to afford. This is the reason why the inclusion of medical payments is available in every insurance policy. However, its applicability limits vary according to the plan. Progressive motorcycle insurance policies help clients get the best medical treatment and pay for their medical assistance, regardless of fault. This is one of the plus points of insurance policies. Even when a person is at fault, he does not have to pay for his medical costs. The insurance provides partial or complete coverage to its policyholders.
A broken arm or leg and other injuries can cost a good amount of money, but not every person is in the state to deal with financial pressures while dealing with injuries and constant pain. So insurance programs help a person get some peace of mind and become an evident aid in tough times. A motorcycle health insurance program usually covers medical payments such as healthcare deductibles.
Uninsured and underinsured motorists
Not every person carries an insurance program, and so you may find yourself in a situation where you collide with an at-fault driver who does not have any liability insurance. You may not get coverage for your loss or medical needs in such a situation. This is where an uninsured and underinsured insurance plan protects its holder. This plan aids a person if he is in an accident with a person who has no insurance or his limits are too low to cover your loss compensation or medical expenses.
Uninsured or underinsured insurance plans pay for medical bills and essential healthcare treatments. If a person dies, this policy covers his funeral expenses, but only if the accident happens with an at-fault driver who carries insufficient policy limits. This policy does not require you to be involved in an accident while driving your two-wheeler, you may be a walking pedestrian, and it will still provide aid. Progressive motorcycle insurance ensures a person gets maximum help from its policy offerings and applications.
Add-ons that Progressive allows in its insurance policies
A person can ask for more coverage if he feels his insurance plan is not covering all actual and possible events. Progressive allows its clients and customers the following insurance add-ons to make their policy programs thorough and exclusive:
- Roadside assistance
- Trip interruption coverage
- Total loss coverage
- Accessory coverage
- Enhanced injury protection
Roadside assistance, or roadside recovery as most people call it, is a basic level of breakdown cover that many insurance companies provide to their clients and customers outside the standard insurance policies. If a person’s motorbike breaks down on the road somewhere he cannot get quick help. He can quickly rely on his insurer to take care of the whole situation. The patrol will try their best to fix you on the spot, and if they cannot, they will simply tow you to the nearest garage to get your vehicle repaired.
The most common roadside services that people include in their insurance policies are:
- Battery replacements
- Breakdown towing service
- Tyre change
- Emergency fuel
- Key recovery services
These roadside services can make your journey easy, swift, and error-free. This is why many people today include roadside services of their own choice into their policy programs. Moreover, the response time of getting aid varies from company to company as it has to send a sponsored emergency patrol service provider. Thus, the average time to attain roadside and recovery assistance usually is 48 minutes.
Trip interruption coverage
When due to some reason, your trip gets interrupted, motorcycle insurance can provide the necessary aid. This service can help refund the prepaid cost and allow the insured to get approximate assistance of $500 if he gets involved in an accident far from his home for food and other medical expenses.
Progressive motorcycle insurance program provides an add-on of this service and helps its clients never feel stranded when they require financial assistance. Depending on your policy coverage limits, this service proves highly beneficial in situations where you either need medical aid or want to get back home and require financial assistance. Suppose something happens to your two-wheeled vehicle more than 100 miles away from your home. In that case, trip interruption coverage service will see you as an eligible candidate and will pay for services including meals, lodging, and lost deposits.
Total loss coverage
Some insurance companies help their clients with total loss coverage. Progressive also allows insured clients to include this service in their policies. This service is similar to gap insurance. However, it is slightly different. The insured can claim complete loss coverage for his bike if it gets damaged from a collision or accident in this service. The insurance company will pay the suggested retail value of your vehicle, or in this case, your car. The company has to pay toward its replacement without including your deductible.
After a severe accident, when a vehicle surpasses the possibility of repair, this service kicks in to help the insured get a replacement vehicle. For motorcycles no more than one model-year-old, this service compels insurance companies to pay the amount for vehicle replacement in the event of a total loss. Progressive motorcycle insurance program allows this addition to benefiting its insured clients.
Average coverage, also known as custom parts and equipment (CPE), protects all the modifications an insured makes to his two-wheeled vehicle. In simple words, this service helps a person add and include all types of enhancements, accessories, and other equipment. This service helps with payments that cover necessary changes mandatory to a motorbike.
Progressive motorcycle insurance program pays for damage to custom parts, accessories, and modifications. Progressive’s average coverage range is $30,000 with all comprehensive and collision insurance plans.
Enhanced injury protection
According to policy offerings of progressive, if an insured gets in a severe accident that disables him or his injuries are severe enough that they do not allow working, Progressive provides enhanced injury protection. The policy provides financial aid up to $250 every week to its client for two straight years. This aspect further helps a person stay tension-free and get some mental peace. Instead of worrying about his financial status, a person can easily focus on getting better. Progressive helps its insurance policyholders get the most beneficial features with its cheap and affordable rates.
Some accidents can end up in a lot worse situations, including death. With its comprehensive policies and programs, Progressive motorcycle insurance helps its clients get a beneficiary amount up to $25,000 in case of sudden and accidental death. All these aspects make Progressive the number one insurance company in the market.
Factors affecting pay rates of Progressive’s policies
Progressive motorcycle insurance costs vary from one motorist to another depending on some crucial factors. However, Progressive offers the convenience of paying as low as $75 per year but on conditional terms such as clean driving history. But, it all depends upon the motorbike and many other features. Other factors that affect the pay rates of insurance programs are as follows:
- Driving history
- Credit score
- Motorcycle type
- Vehicle use
The policy ratings change depending on the type of motorcycle a person has, age and gender, and how skilled a person is in driving. In addition to these factors, a person’s credit score and the state of his residence also play critical roles in determining the premium amounts of a motorcycle insurance policy. All these aspects collectively dictate the payment rates for every individual.
What are the discounts that Progressive offers?
Progressive ensures every individual can find a policy that suits their budget and meets their expected coverage as well. This is the reason why they offer a wide range of discounts to their clients. These discounts enable people to get benefits and complete services at minimum costs. Here are the discounts that Progressive motorcycle insurance offers to eligible individuals:
- Multi-policy discount to insurance seekers who have multiple policies
- Homeowner discount
- Pay-on-time discount
- Pay-in-full discount for people who pay their premiums at once
- Automatic billing discount
- Responsible driver discount (no violations within the past three years)
- Savings for customers who purchase coverage within one day of receiving a quote
- Savings for members of the Harley Owners Group or USAA
- Savings for drivers with a motorcycle license or motorcycle license endorsement
- Safety course discount
- Discount for switching from another provider (to people who leave their previous insurer and seek insurance help from progressive)
These discount ranges allow people to find the appropriate insurance plans and meet their everyday needs and requirements.
Progressive motorcycle insurance programs are thorough and an all-rounder choice for riders and motorists who want to take preventive financial stability measures. These policies are easily accessible at competitive rates and prices. Millions of clients are satisfied with the company’s excellent performance and customer service.
Progressive is undoubtedly a worth-considering insurer in the market. If you are shopping for low-cost motorcycle insurance, you can benefit from its wide range of discounts. It offers high maximum coverage limits and has some of the industry’s best rates for quality motorcycle coverage. This is all the motivation you need to get an insurance policy for your better present and future.