Understanding Motorcycle Insurance Coverage

Motorcycle insurance can be confusing

The terms are different from state to state and country to country. Minimum coverage usually varies from state to state, though most states at least mandate carrying at least liability coverage on your motorcycle. In every state that requires motorcycle insurance, at least a minimum level of protection is required. Liability coverage covers property damage and bodily injury that you, as a motorcyclist, cause in a crash.

Most states require motorcycle insurance to protect against a financial loss for the victims of any motorcycle accidents. If you cause an accident in Florida and another person is injured, they may be compensated for medical expenses and loss of income. Even if no one is injured, the law requires that you carry liability coverage so that in the event you are found at fault for causing an accident that caused injury or death to someone else, you will be responsible for the victims’ legal costs. This minimum amount is typically the same in every state, although it varies depending on your location and the laws governing your state. For instance, if you are driving in Utah and cause a traffic accident that injures someone, you will not be covered for their damages in Utah. The minimum amount of coverage required is always the same regardless of where you live.

Some companies will only offer collision and none in other cases

There are a variety of types of coverage offered by insurance companies for motorcycle insurance in every state.  Others may offer added benefits like medical payments coverage and rental car reimbursement, and others still may offer uninsured or underinsured motorists coverage. You need to know what your state requires for a minimum amount of insurance to be driven, because many states have minimum amounts of insurance for motorcycle drivers that do not include any liability coverage options. However, be aware that the cost of this minimum amount of coverage can vary greatly depending on the company you get it from and can also depend on the type of motorcycle you drive.

While you may think that riders with only one motorcycle and a license to ride it on the weekends are safe enough, this is certainly not the case. In fact, statistics show that riders under twenty five years old are one of the most likely groups to be involved in a motorcycle accident and are involved in almost one-third of all accidents. Young riders are considered by insurance companies to be high-risk, which increases the premium you’ll pay for motorcycle insurance. So riders over the age of 22 should definitely buy a motorbike insurance policy designed for these high-risk individuals.

how much you’ll pay for motorcycle insurance?

Different states have different minimum coverage limits for insurance on motorbikes. Some have limits for the type of vehicle, while others have limits for the size of the vehicle itself. You want to check with your insurance agent or broker, and see what kind of coverage you need and what kind of insurance coverage you’re actually getting before committing to any insurance policy.

Bodily Injury is another important factor in determining how much you’ll pay for motorcycle insurance. Simply put, bodily injury coverage pays medical expenses or rehabilitation expenses to those injured in an accident, regardless of who was at fault. For example, say you were riding along when another motorcyclist was making an illegal left turn at an intersection. If you were hit, your insurer probably won’t cover your medical bills or will only pay the other driver’s bodily injury deductible, which means they’ll end up paying the medical bills on their own. If you’re hurt in an accident caused by negligence or illegal behavior, your insurer should be more liable to compensate you for your losses.

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