Motorcycle Insurance

Motorcycle insurance is the same as car insurance, in many respects, and completely different in others. Whether you’re shopping for an insurance policy for your first motorcycle or have an existing policy but want to make sure you have the right coverage at the best price, the information below can help guide you!

Types Of Motorcycle Insurance Coverage
While it’s a good idea to have coverage, some type of coverage is required by most states and lenders (if you’ve financed or leased your motorcycle).

The primary types of motorcycle coverage include:

Liability insurance
Liability insurance covers bodily injury and any property damage that you cause to others. This insurance is required by most states, and you might need to show proof of motorcycle insurance when you get your motorcycle license or renew it.

Collision Insurance
Collision insurance covers damage to your motorcycle from an accident. If you finance or lease your motorcycle, your lender or leasing company will typically require you to carry collision insurance, as well as comprehensive insurance.

Comprehensive Insurance
Comprehensive insurance covers damage to your motorcycle that wasn’t caused by an accident. Examples include theft, vandalism, and natural disasters.

Uninsured/Underinsured Motorist Insurance
Uninsured motorist insurance covers your injuries and property damage if the other driver is at fault and doesn’t have insurance (or doesn’t have enough insurance).

Medical Payments Insurance
Medical insurance covers medical bills for you and your passenger, regardless of who’s at fault in the accident.

Accessory Coverage
Accessory insurance covers the custom parts, equipment, and accessories that have been added to your motorcycle.

Roadside Assistance
Roadside assistance insurance covers you if you have a breakdown, get a flat tire or run out of fuel.

How Much Does Motorcycle Insurance Cost
The cost of motorcycle insurance can vary widely from state to state and across different motorcycle insurance companies.

The primary factors that will influence the cost of your insurance policy include:

  • type of coverage (see above)
  • age (young riders typically pay more)
  • driving record (the more traffic violations and accidents you’ve had, the more you’ll pay)
  • type of motorcycle (high-performance motorcycles can cost more to insure)
  • location (insurance rates can be higher in areas with higher crime and higher rates of accidents)
  • usage (you’ll pay more for insurance if you use your motorcycle for daily commuting, rather than occasional use)
  • deductible (the higher your deductible, the less you’ll pay)
  • safety measures (completing a motorcycle safety course and/or having an anti-theft device on your motorcycle can get you a discount on insurance)

Top Motorcycle Insurance Companies
The cost of motorcycle coverage can vary widely, so it might be worth your time to get motorcycle insurance quotes from several companies.

The top motorcycle insurance companies include:

Helmet Laws And Insurance
It’s important to note that some states have mandatory helmet laws, and if you (or your passenger) aren’t wearing a helmet when the accident occurs, it could impact the payout of your claim!

See related topics:
Top Motorcycle Insurance Companies
Types Of Discounts On Motorcycle Insurance
Companies That Offer Discounts On Motorcycle Insurance
Types Of Motorcycle Insurance Coverage
Motorcycle Insurance Cost
How To Lower The Cost Of Motorcycle Insurance