Liability Insurance ~ Motorcycle Insurance

When you’re purchasing motorcycle insurance, liability insurance will be included in it!

Below is information about liability insurance, what most motorcycle insurance companies will cover with it, how much it costs, and how to choose the right coverage limits.

Liability Insurance For Motorcycles
You don’t want to hop on your motorcycle without adequate liability insurance. This type of motorcycle insurance helps provide financial protection against claims resulting from injuries and damages that you’ve caused to other people, in an at-fault accident. The relatively low cost of liability insurance can help protect you from potentially legal claims and lawsuits.

In most states, liability insurance is not only a wise choice, but it’s also a requirement in order to register your motorcycle and renew your registration. If you have a lease or loan on your motorcycle, liability insurance will also usually be required.

What Does Motorcycle Liability Insurance Cover
Motorcycle liability insurance typically includes two primary components.

Bodily Injury Liability: This covers the costs associated with injuries that you may cause to others in an accident. Bodily injury liability can include: medical expenses, lost wages, and legal fees if you’re sued. The insurance coverage typically extends to passengers and pedestrians as well.

Property Damage Liability: This covers the costs of repairing or replacing someone else’s property that you damage with your motorcycle, such as another vehicle, a fence, or a building.

It’s important to note that motorcycle liability insurance doesn’t cover your own injuries or damage to your motorcycle. For that, you would need other types of insurance, such as collision coverage and/or comprehensive coverage.

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

Coverage Limits: The higher your coverage limits, the higher the price of your liability insurance.

Riding Experience: Beginner riders often face higher premiums due to their increased risk of accidents.

Type of Motorcycle: High-performance motorcycles generally have higher premiums for liability insurance.

Location: Areas with higher traffic or accident rates may have higher insurance costs.

Riding Record: A history of accidents or violations can lead to higher premiums.

Deductible Amount: You can save on the cost of liability insurance by having a higher deductible.

How To Choose The Right Liability Coverage Limits
When selecting liability coverage limits, you need to weigh the cost of the insurance, the potential cost of accidents, and your own financial situation. While it might be tempting to choose the minimum amount of liability coverage (for the lowest cost), this can leave you vulnerable if you’re in an accident.

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.