The deductible is the amount of the loss which you must pay. Anything over the deductible amount, up to the value of your auto, is paid by the insurance company. For instance, if you carried collision coverage with a $100 deductible and you had a $500 collision loss, you would have to pay $100 and the insurance company would pay the remaining $400.
Basically, deductibles reduce your premiums and cut costs for the insurance companies. Insurance companies offer deductibles because they reduce the number of small claims which are costly for them to handle. The higher the deductible, the lower the premium you pay. But, you should have savings set aside to pay this deductible, in the event a loss occurs.
Your independent agent has the resources to help you find low cost motorcycle insurance that meets your specific needs. They can select from many carriers the right product, and rate for you.
Here are a few things to discuss when you talk: