All 50 states require motorcycles to have minimum Liability Insurance Coverage whenever they’re on the road. As opposed to a car, a motorcycle offers you little or no protection if you’re in an accident. Basic protection probably isn’t going to be enough. In deciding what type of motorcycle insurance you’ll need, you’ll generally run across these choices.
Liability insurance covers only what’s mandated by law. It covers damages to the person or property of anybody you might be in an accident with. Depending on your insurer, it might include your passenger. It does not cover injury to you or damage to your motorcycle or theft. If you have a loan on the bike, your bank will probably require different protection.
Collision insurance insures your motorcycle if you’re in a single vehicle collision. For example, if an accident occurs because an animal crosses the roadway. If you’re involved in an accident with another vehicle and that driver is at fault, you can have your motorcycle repaired under your own collision coverage. You won’t have to wait around for the liable party’s insurer.
Comprehensive insurance plicies protect your motorcycle in the case of theft, fire, or vandalism. Because many motorcycles are accessorized, accessory coverage is important if your bike is stolen. Make sure to keep all receipts and accessory photos. If the bike is not recovered, the insurer will cover the motorcycle’s present market value. Upgraded coverage is also available.
Uninsured/underinsured coverage is very important to have for a number of reasons. It covers injury to you and your passenger, should you be involved in a collision with another vehicle that either has no insurance or insufficient insurance. Coverage includes medical bills, rehabilitation, permanent disability, disfigurement and lost wages. Your motorcycle might be protected as well, depending on the insurer.
Most insurers permit you to piece together the coverage that you want. Don’t worry about being over-insured. The next driver that doesn’t see you might be underinsured or not insured at all.