What is Motorcycle Insurance?
Types of Coverage
As motorcyclists know all too well, adventure comes with risk on the open road. A moment’s lapse in focus could lead to serious injury, and accidents can leave one with crushing medical bills or bike repairs. For those who cherish freedom yet desire safety, motorcycle insurance provides reassurance through difficult times.
There are several types of coverage to consider. Liability insurance protects against expenses if another party is harmed. This coverage, required by most states, pays for medical bills or vehicle damages not covered by the at-fault driver.
Comprehensive and collision coverage apply in other situations. Comprehensive guards against events beyond one’s control, such as weather damage, theft or vandalism. Collision pays for repairs from a single-vehicle accident. Both involve deductibles that may lessen premium costs.
| Coverage Type | Pays For |
|---|---|
| Liability | Injuries or property damage to other parties |
| Comprehensive | Losses like theft, vandalism, weather |
| Collision | Damage from collisions, rollovers |
Medical payments coverage, also called MedPay, aids with out-of-pocket medical bills from accidents regardless of fault. Underinsured/uninsured motorist insurance provides compensation if injured by drivers lacking proper coverage. These extras offer relief during vulnerable times.
Why You Need Insurance
Beyond legal mandates, insurance brings peace of mind for practical and personal reasons. Accidents can impose costly and lasting impacts; high medical bills or repair expenses may prove financially ruinous without coverage. Furthermore, motorcyclists form bonds with trusted steeds, immersing themselves in a lifestyle that insurance safeguards.
Customization coverage also respects riders’ individualized styles, protecting customized parts and accessories that enhance both function and self-expression. For many, motorcycles become extensions of self, and coverage respects the time, energy and passion poured into personalized upgrades.
Minimum Requirements by State
Riders navigate a complex patchwork of state laws regarding motorcycle insurance. The table below outlines the minimum coverage amounts mandated in each state for bodily injury and property damage liability:
| State | Bodily Injury Liability per Person | Bodily Injury Liability per Accident | Property Damage Liability per Accident |
|---|---|---|---|
| Alabama | $25,000 | $50,000 | $25,000 |
| California | $15,000 | $30,000 | $5,000 |
| Florida | $10,000 | $20,000 | $10,000 |
Requirements vary significantly in other states from Pennsylvania’s $15,000/$30,000/$5,000 minimums to New York’s higher $50,000/$100,000/$25,000 thresholds. Riders must understand their state’s statutes to avoid potential legal consequences.
Consequences for Lacking Coverage
Those who don’t insure their motorcycles risk serious financial and legal penalties if involved in an accident. All states consider operating an uninsured motorcycle illegally. Penalties can include vehicle impoundment, license suspension, and high fines up to $1,000. Riders may also be personally liable for all costs arising from any accident, including another’s medical bills or property repair.
Those who cause accidents while uninsured have the added stress of worrying about paying costly damages out of pocket. One rider in Georgia faced over $30,000 in bills after an at-fault collision left another hospitalized. Without insurance, the expenses fell on him alone.
Ensuring Proper Financial Protection
Comparing quotes from multiple insurers lets riders find policies meeting their state’s minimums at affordable prices. Many companies also offer discounts for safety courses, multi-vehicle policies, and good driving records.
Beyond legal coverage, factors like a motorcycle’s value, loan requirements, and one’s riding needs determine whether to purchase optional comprehensive and collision protection. Speaking with agents clarifies available options for each scenario.
Choosing the Right Coverage Level
Liability-Only vs Full Coverage
The primary choice is whether to purchase basic liability insurance or upgrade to full coverage. Liability protects others if you’re at fault for an accident but doesn’t cover your own bike. Full coverage, also called comprehensive, adds collision and comprehensive coverage to protect your motorcycle from theft and other perils.
For newer or expensive motorcycles that would pose a major financial burden to replace, full coverage brings peace of mind. But liability-only policies suit riders on a budget who can afford repairs themselves if needed. Consider potential out-of-pocket costs and your risk tolerance.
Factors That Impact Coverage Costs
Insurance premiums vary considerably based on personal details. Younger or inexperienced riders typically pay higher rates that decrease with age and accident-free years. Motorcycle type also impacts costs—sports bikes face higher premiums than touring machines. Your location matters too, with prices lowest in rural areas and highest in cities prone to theft.
Insurers also assess your personal circumstances. Factors like marital status, education level, credit history and profession influence rates, so be sure to disclose accurate information. Maintaining good grades or an advanced riding certification earns discounts too.
Customization and Upgrades
Adding aftermarket parts can increase premiums if insurers view modifications as raising risks. But describing modifications truthfully may earn lower rates. Upgrades like hard luggage, radios or sidecars increase your bike’s worth, so consider higher coverage limits if investing substantially in customizations.
Storage vs Daily Use
Daily riders face greater exposure to potential accidents compared to those storing bikes for occasional weekends. Insurers charge higher premiums for primary transportation motorcycles to offset increased risk. But infrequent leisure riders may get discounts by classifying a bike as stored 9 months annually.
Finding Affordable Insurance
Comparing Multiple Quotes
Premiums vary significantly between insurers so getting several quotes ensures the lowest price. Fill out quick online forms to receive free estimates, then follow up by phone as needed to refine coverage details.
Discounts and Savings
Beyond standard multi-vehicle and good-student rebates, safety courses, anti-theft devices, and active military service could cut costs 10-15%. Ask specifically about discounts rather than assuming ineligibility—promoting your qualifications often pays off substantially.
Paying Upfront vs Installments
Full prepayment earns small discounts versus spreading payments across six or twelve months at a slightly higher total cost. But installment plans suit tighter budgets, just factor extra fees into your comparison shopping.
Bundling with Auto Policy
Insurers reward bundling motorcycle coverage together with an auto policy through multi-line discounts. However, rates must genuinely be lower than separate policies—a small auto discount may not offset higher motorcycle rates from certain insurers.
Top Motorcycle Insurance Companies
Geico motorcycle insurance
Affordable rates and variety of discounts
Geico truly strives to offer motorcyclists quality coverage without breaking the bank. Their rates are some of the cheapest in the industry, allowing more riders to feel secure on the road. In addition to competitive pricing, Geico offers several ways to save including discounts for safety courses, bundling policies, and signing up online.
Convenient online services
Managing your Geico motorcycle policy is simple through their user-friendly website and mobile app. You can file a claim, check your coverage details, make payments and more with just a few clicks. As someone who values ease and transparency, I appreciate an insurer that makes policy management stress-free.
Reliable claims assistance
While no one hopes to use their coverage, rest assured Geico has you covered even in an emergency. Their claims process is streamlined to get motorcyclists back on track fast. Multiple positive reviews specifically mention claims reps going above and beyond, demonstrating Geico’s dedication to genuine customer care.
Progressive motorcycle insurance
Wide variety of specialized coverage options
Progressive truly understands motorcyclists have unique needs. In addition to standard policies, they provide coverage tailored for riding gear, customized bikes, trailers and much more. Whether you’re a cruiser or track racer, it’s easy to craft a plan that protects your passion.
Discount opportunities for all riders
While some companies only reward perfect records, Progressive realizes we all start somewhere. Their fair discounts acknowledge safety courses, multi-policy bundles, military service and more. This inclusive approach means more riders can experience the peace of proper coverage.
24/7 service by phone and online
Life doesn’t run on a 9-5 schedule and neither does motorcycle maintenance. I appreciate an insurer like Progressive that’s there anytime I need assistance via their user-friendly website, mobile app or friendly customer service representatives.
State Farm motorcycle insurance
Personal attention from local agents
Unlike large call centers, State Farm insurance is crafted with local communities in mind. Neighborhood agents offer a familiar face to discuss your unique situation and priorities. Their care for each rider’s story provides bespoke recommendations to finding the right fit.
Promoting safety through refunds
State Farm uniquely rewards safe riding habits with steering clear discounts. After incident-free years, policyholders receive a partial refund—a thoughtful way to acknowledge careful riders who avoid claims. This motivates good behaviors for both finances and well-being.
Whole-life perspective on protecting assets
Beyond just machines, State Farm considers each rider’s full situation including homes, families, futures and more. Their broad expertise helps motorcyclists plan for life’s unpredictable moments with comprehensive policies tailored to real lives. Safety and security feel assured under their guidance.
Dairyland motorcycle insurance
Outstanding value for coverage
Dairyland remains affordable without compromising quality. Whether for a starter bike or a collector’s prized possession, their prices are some of the most budget-friendly around. This allows more people to participate safely in the riding community.
Personal approach with local agencies
Smaller than national brands, Dairyland’s network of neighborhood advisors provide hometown hospitality. Local agents take the time to understand individual needs rather than treating customers as numbers. Their care fosters deeper trust from riders.
Non-profit structure benefits customers
Unlike for-profit insurers, Dairyland returns excess funds directly back to communities through lower rates, rich coverage and high customer satisfaction. This mutual structure prioritizes motorcycle protections above corporate earnings.
Erie motorcycle insurance
Specialized expertise across varied terrains
While large as some national chains, Erie maintains deep roots in local regions. Being embedded in communities across America has granted rich expertise covering riders no matter the landscape from hills to beaches. Neighborhood specific knowledge translates to savvy recommendations.
History of stability and supporter of riding communities
Erie has secured families for over a century and remains dedicated to motorcyclists today. Their involvement through events and nonprofit giving fosters stronger bonds that go beyond transactions. Riders feel backed by an ally that understands riding is a lifestyle.
Highly rated customer satisfaction
With over a billion in assets, Erie has the financial strength reliable protection requires.Their high scores from the Better Business Bureau and top online reviews demonstrate how commitment to service also creates very satisfied clients long-term.
Filing a Claim
Documentation Needed
Essentials for any claim
Most importantly, stay calm and contact your insurer promptly. Be prepared to provide your policy number, contact details, and a clear explanation of what occurred. Also gather the date/time, location, and names of any witnesses if possible.
Proof of ownership
Provide documentation like your motorcycle registration, purchase receipt/bill of sale, etc. This proves the bike is yours and determines coverage eligibility and value owed. Photograph important papers or records for easy access if needed during recovery.
Deductibles
Lower premiums vs out of pocket costs
Choose a deductible amount you’re comfortable paying in case of claim. Higher deductibles equal lower premiums, but more out of your pocket if needed. For a new rider, a lower deductible protects against unforeseen costs that could strain budgets.
Repairs vs Total Loss
Assessing damage impacts payment
If repairs are under your bike’s value minus deductible, insurance pays the shop directly after approval. But severe wrecks or theft may total it, then they pay you instead of a shop based on value metrics. Understanding these outcomes alleviates stress.
Claim Processing Times
Prompt attention minimizes financial hassles
Most insurers now aim to handle claims within 10 days to get riders back on track ASAP. Delays rarely occur if paperwork is complete. Proper documentation upfront helps a smooth process during difficult moments so financial and logistical limbo is brief.
Special Situations and Riders
Modifications
Declare custom parts to ensure protection
Insurance valuations factor factory bikes differently than modified rides. Fully disclose any engine work, custom body parts, technology, etc. Failure means those risks weren’t priced into coverage properly and you risk denials. Honest reporting keeps coverage aligned with your bike.
Teen and High Risk Riders
Parental involvement aids young drivers
Inexperience warrants higher rates understandably. However, coverage for teens requires guardian oversight too. Discuss riding with them, enforce limits respectfully and maintain open communication. Insurers note involved parenting correlates to safer teen drivers and may influence pricing positively over time.
Racing and Track Days
Special policies prevent cancellation surprises
Street insurance doesn’t always cover high-speed events that insurance adjusters flag as extremely risky. Choose a provider experienced with performance riding that won’t drop coverage after an incident surprises them. Honestly obtained track day policies fulfill responsibilities with integrity for all parties.
International Travel
Confirm coverage areas to ride worry-free abroad
Most domestic coverage doesn’t cross borders automatically. Contact providers about short-term supplemental policies rather than learn this lesson through denial paperwork overseas. Safety knows no bounds, so properly insuring all trips logically allows focusing solely on memorable experiences.
Bundling With Auto Insurance
Multi-Policy Discounts
Savings for consolidated protection
Most insurers reduce prices 5-10% or more for bundling home, auto and motorcycle under one roof. This is one of the easiest ways to immediately lower costs without sacrificing coverage quality. Ask providers about their specific bundling benefits.
Paying Together
Convenience of a single payment
While insurers cover vehicles separately, consolidating billing allows seeing all your insurance at a glance and making one payment. This streamlines management, especially for multi-vehicle households.
Coverage Matching
Coordinate liability minimums across policies
Verify auto and motorcycle provide identical bare minimum liability amounts required by law. Mismatching risks gaps that leave others uncompensated if at fault. Harmonizing these protects all parties uniformly.
Consolidating Providers
Easier process with one trusted company
Keeping insurance with the same reputable brand fosters reliable claims service and agent familiarity. This consistency simplifies the relationship for multi-line policyholders.
The Bottom Line: Proper motorcycle insurance protects your finances and lets you ride freely without stress. Comparing quotes while considering any applicable discounts ensures finding the most complete coverage at fair rates tailored precisely for your situation.
