Getting A Motorcycle This Year? 4 Things To Know About Motorcycle Insurance

Posted on: 21 April 2018

If you are considering purchasing a motorcycle this spring or summer, you need to make sure that you understand your legal insurance obligations as well as how motorcycle insurance works.

1. You are Required to Carry Liability Insurance

The first thing that you need to know is that you are required to carry insurance on your motorcycle, just like you are with a vehicle. Similar to auto insurance, you are required to carry bodily injury and property damage liability insurance. Most states also require you to carry a policy that covers property damage as well. The exact requirements may vary by state, so you are going to want to check with an insurance agent to find out the minimum requirements in your state.

2. You Will Want to Add Collision & Comprehensive Insurance

Second, you are not required to carry collision and comprehensive insurance. However, it is a good idea to add that cover to your policy. With collision and comprehensive coverage, if your motorcycle is damaged in an accident, vandalized, or stolen, your insurance company will pay back the cost of the bike to you after you pay your deductible.

3. Be Sure to Carry Your Insurance On You

As you are required by law to have insurance for your motorcycle, you are going to want to make sure that you carry your insurance car with you. You may want to carry your insurance card in your wallet since motorcycles don't really have glove compartments where you can stash your insurance card. If you have a smartphone, you may also want to carry a copy of your insurance card on your smartphone. Make sure that you always have a way to prove that you have insurance should you be stopped by the police.

4. Make Sure Your Medical Bills Are Covered

One of the downsides to motorcycles is that motorcycle accidents, when they happen, can be really serious. One can be seriously injured in a motorcycle accident, which is why you want to carry a high med pay coverage limit and personal injury protection limit. You do not want to be saddled with medical bills if you get into an accident, so make sure that your insurance will cover your medical costs.

If you are going to purchase a motorcycle, just like with a vehicle, before you drive that motorcycle off the lot you are going to want to call your insurance company and add your motorcycle to your auto policy. You may also have to get a special license or endorsement from your Secretary of State or Department of Motor Vehicle as well for your motorcycle.

For more information, contact a company like Allstar Insurance today.