Join Date: Aug 2009
Location: Washington, the state
Can you afford to replace it? Just buy liability coverage. If not, get collision, maybe $500 deductable if you can afford that, otherwise a lower deductable (with higher insurance premium). Get comprehensive with maybe $100 deductable.
Do you have good medical insurance? If so, you don't need to double up on your medical insurance in case if injuries on the bike. You can omit uninsured/underinsured motorist medical insurance. Otherwise, be sure to get it. If you ever ride with a passenger, be sure they are covered for medical and you are covered for liability.
For liability coverage, I prefer to get the minimum required under my umbrella policy ($500k), and I have the umbrella liability coverage equal to twice my non-retirement assets. If you don't have any net assets (you owe as much or more than you own), you don't need a lot of liability coverage, but probably more than the state minimum.
Don't hang you hat on just one insurer. Contact several and shop for the best rates. There can be a wide difference. Check for rates both with all your home & vehicle insurance as a package and with each individually. The range of rates may surprise you. Some insurers are known for slow, slow payment. Your state insurance office may have some data for complaints against the different companies.
"Older people who are reasonable, good-tempered, and gracious will bear aging well. Those who are mean-spirited and irritable will be unhappy at every period of their lives.
"Let each of use properly whatever strengths he has and strive to use them well. If he does this, he will never find himself lacking."
Marcus Tullius Cicero