Collision Insurance ~ Motorcycle Insurance

When you’re purchasing motorcycle insurance, you’ll undoubtedly want to include collision coverage. This type of insurance covers damage to your own motorcycle. While collision insurance isn’t typically required by law or required to register your motorcycle, motorcycle lenders and leasing companies do usually require it!

Below is information about collision insurance, what most motorcycle insurance companies will cover with it, what isn’t covered, how much it costs, and how to choose the right coverage limits.

Collision Insurance For Motorcycles
Collision insurance is designed to cover the cost of repairing or replacing your motorcycle after an accident, regardless of who is at fault.

What Does Motorcycle Collision Insurance Cover
Collision insurance for motorcycles typically covers repair costs and replacement costs.

Repair Costs: Collision insurance covers the cost of repairing your motorcycle if it’s damaged in a collision with another motorcycle, vehicle, or stationary object (like a tree or guardrail).

Replacement Costs: In cases in which the motorcycle is totaled (meaning the cost of repairs would exceed the value of the motorcycle), collision insurance pays for the cost of replacing your bike.

What Doesn’t Motorcycle Collision Insurance Cover
Collision insurance only covers your motorcycle and doesn’t cover:

• injuries to another person (you’ll need liability insurance for this)
• damage to another person’s vehicle or property (you’ll need liability insurance for this)
• your own medical expenses (you’ll need medical payments coverage or personal injury protection insurance for this)
• damages from non-collision incidents, like theft or weather damage (you’ll need comprehensive insurance for this)

Cost Of Collision Insurance
The cost of motorcycle collision insurance varies from company to company, but it’s generally based on some or all of the factors listed below.

Value of the Motorcycle: The more your motorcycle is worth, the more it will cost to insure it.

Riding History: If you have a history of accidents or traffic violations, you might have to pay higher premiums for collision insurance.

Riding Frequency And Location: If you ride frequently, (especially in high-traffic areas), you might have to pay more for insurance.

Deductible Amount: A higher deductible can lower the cost of your premium.

How To Choose The Right Collision Coverage Limits
When buying collision insurance coverage, you should measure the value of your motorcycle against the cost of the premium and your deductible. For newer, more expensive motorcycles, collision insurance is a must-have. However, for older models of bikes, the cost of insurance and the amount of your deductible might outweigh the benefits of an insurance payout.

Check With Your Insurance Agent Or Company
Please note that the information provided above is for informational purposes only. For the most accurate, up-to-date, specific information, check with your insurance agent or insurance company.