As you're comparing the quotes, take a look at the limits for each coverage you select. A limit is the maximum amount your policy will pay for a covered loss. Typically, higher coverage limits mean higher premiums. For a motorcycle policy, there will be limits on how much the insurer pays out for repairs or for medical bills after an accident or to help reimburse you for a stolen bike.

The limits for the following coverages typically work as follows:

Liability coverage

There are two types of liability coverage, and most states set minimum limits that drivers must purchase. For example, the Illinois Secretary of State lists the following required liability coverage limits for Illinois drivers:

Bodily injury liability coverage limits:
- $25,000 for injury of one person in an accident
- $50,000 for injury of more than one person in an accident
Property damage liability coverage limits:
- $20,000 for damage to another person's property

Keep in mind that you can purchase additional liability coverage by increasing your liability limits. For example, consider how much you would be able to pay out of pocket if you injured someone in a crash, and their medical bills exceeded your liability limits. You may decide that it makes sense to increase your liability limits.

Collision coverage and comprehensive coverage

The limits for collision and comprehensive coverage are typically up to the actual cash value of your motorcycle.

Uninsured and underinsured motorist coverage

In some states the limits for this coverage may be dictated by state law. In states where this coverage is optional, you typically choose your policy's limits. If you're unsure of the amount of coverage to choose, talk to your agent.

Medical payments coverage/personal injury protection

Some states may require motorcyclists to carry these coverages and the state determines the mandatory limits. In states where it is not required, you select your coverage limits.

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