Motorcycle Insurance Basics

People who drive motorcycles need insurance the same as people who drive cars. There are risks involved with driving a motorcycle. The risk may even be increased because motorcyclists have less protection. Having insurance is a smart move for anyone who drives a motorcycle.

How it Works

The insurance provides monetary coverage for certain mishaps that can occur during a motorcycle accident. In some cases, it may also provide for certain non-accident situations.

Do You Need It?

Anyone who drives a motorcycle needs insurance. Most states require motorcyclists to have this coverage, the same as automobile drivers must have insurance.

Depending on your plan, the insurance covers personal injuries to your passengers or to someone else involved in the collision. Coverage can also pay for damage to the motorcycle in a collision, coverage in case the other party is uninsured or underinsured and coverage for things such as theft or vandalism.

Coverage

Collision coverage is important for motorcyclists, although it is usually optional. It covers damages to your motorcycle, regardless of who is at fault. The least amount of insurance required by law is usually liability coverage. This is coverage for damage or injury to others if you are at fault in the accident.

Comprehensive coverage is for non-collision damages to your motorcycle, such as from a fire or vandalism. Uninsured property damage is for when the other party in an accident is at fault, but does not have insurance or is underinsured. This coverage will pay your medical expenses and lost wages. You can add additional coverage in order to cover more situations.

Why You Should Have Insurance

Accidents occur without warning, and you might not be financially able to handle the expenses. Even if you are not at fault, it is possible you will have to pay some out of pocket costs. Having insurance will help, no matter who is at fault.