Motorcycle Insurance

First in Protecting, Your Ride.

Every activity comes with risks, especially those that involve wheels, speed, and the unpredictable factors that drivers and motorcyclists experience while on the road. Make sure you have the motorcycle insurance you need to be fully covered in the event of an accident.

Motorcycle Accident Facts

  • Motorcycle-related deaths increased by 55% in the past decade
  • 4,500 people died in motorcycle accidents in 2010 alone
  • Motorcycle injuries and deaths cost about $12 billion annually

You know the risks are out there: a deer crossing the street in a blind curve; drivers neglecting to check their blind spot or traveling too fast through an intersection. Motorcycle riders see these dangers each time they ride.

You can’t prevent an accident from happening, but you can be prepared. Some of the important measures that can make a difference include taking a motorcycle safety course, wearing protective gear, and making sure you have adequate motorcycle insurance.

What kind of policy do you need, and how much coverage should you buy? Let’s discuss motorcycle insurance requirements and how you can find out more about what is required in your state.

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Motorcycle Insurance Requirements

Every state in the U.S. requires motorcyclists to have liability insurance, with the exception of Washington State, Montana, and Florida. However, Florida still has a financial responsibility law, requiring motorcyclists to pay personal and property damages in an accident they cause.

Liability insurance pays (up to your set limits) for damages or injuries you cause in an accident, as well as your legal defense if needed. Because these costs can quickly soar to hundreds of thousands of dollars in the event of severe injuries, property damage or law suits, a good liability policy is highly recommended.


Structure of a Liability Policy

Liability coverage has three forms of coverage: bodily liability for one person, bodily liability for all people involved, and property liability. If you cause an accident and someone is injured, the bodily liability would cover the costs of treatment for that person.

When you buy motorcycle insurance, you determine the limit. If you purchase a 10/20/10 plan, it means the insurance company will pay up to $10,000 in medical care for one person, $20,000 for all injuries, and $10,000 in property damage.

Before you decide on the liability coverage in your motorcycle insurance policy, consider how much you can afford if the accident is severe. If the costs of the crash exceed your limits, you will have to pay out of pocket.

As an example scenario, let’s say you have coverage for 10/20/10, and you cause an accident resulting in $30,000 of medical expenses and $15,000 in property damage. You would have to pay $10,000 for medical care and another $5,000 in property damage, out of pocket.

Factors that Affect Your Rates

In general, motorcycle insurance rates are affected by the following factors:

Your credit score: It’s true – your credit history affects your motorcycle insurance premium as much or more than your driving history. Statistically, motorcycle riders with poor credit are more likely to file a claim, so insurance companies tend to raise premiums for these customers to compensate for risk.

Your age and driving history: The insurance company will do a risk assessment based on how old you are and any included traffic accidents or violations on your record, both for your motorcycle and your car.

Where you live and travel: If you travel in high accident or crime areas, your risks are higher. Where you store your bike also matters: if it is kept in a locked garage, it is much less likely to be stolen or damaged.

How often you ride: If you ride year-round, you will face more risks than drivers who only use their motorcycles for a few months of the year, or only on weekends.

The make and model of your motorcycle: How expensive is your bike? How new? And how much horse power? A new Ducati 1199 Panigale will require more expensive repairs than a used Honda Stateline. This is because the Ducati will cost more to repair or replace in the event of an accident.

After-market additions: Insurers will also take into account whether you have added specialty components, such as a custom frame.

Additional Coverage

The costs of a severe wreck can quickly exceed your state’s required minimum coverage. Consider adding additional forms of insurance to a general motorcycle insurance plan.

  1. Accessories coverage: If you have done any after-market upgrades or any enhancements to the motorcycle, you may want additional coverage for these items. It is a good idea to retain all receipts and photos of any equipment or custom work.
  2. Collision coverage: If your motorcycle is damaged in an accident, collision coverage will pay for repair or replacement regardless of who was at fault for the accident.
  3. Comprehensive coverage: Also known as “other than collision,” comprehensive coverage covers any damage not caused by an accident with another vehicle, including:
    • Weather-related damage, such as hail
    • Criminal activity, including theft and vandalism
    • Collisions with wildlife
  4. Medical payments / personal injury coverage: Pays for your medical treatment or funeral costs after an accident, regardless of who is responsible for the accident.
  5. Uninsured / underinsured motorist coverage: If an uninsured or underinsured driver causes a collision in which you are injured or your motorcycle is damaged, this policy would cover your out-of-pocket expenses.

Buy Coverage for When You Ride

If you only ride in the warmer months, and keep your bike in the garage for the rest of the year, talk with your insurance agent about insuring your motorcycle only for the times you ride. Your agent may advise continuing your comprehensive coverage (also known as “other than collision”) so you are covered for theft or damage, even if you halt your collision and liability for portions of the year. You may be able to cut out unnecessary coverage to make your insurance more affordable.


Ask About Customer Loyalty

If you have been with your insurance company for a long time, it may be time to ask if there is a motorcycle insurance discount available for your years of loyalty. Or, if you are just signing on with a new company, ask about a new customer incentive.


Pay in Full Annually

To process monthly payments, insurance companies pay lots of overhead costs. If you can pay a full year of motorcycle insurance in advance, you can typically save a considerable amount instead of paying your premium monthly.


Ask About Partnership Organizations

Check with your insurance agent about whether discounts are available for memberships in trade associations, unions or hobbyist groups such as motorcycle clubs. Several organizations have specialty discounts with various insurance providers.


Inquire About Military and Professional Discounts

Check with your agent to find out whether any of the following motorcycle insurance discounts are available:

  • Military: You may be able to get lower cost motorcycle insurance as a member of the National Guard or other military service, or even as a veteran.
  • Federal employee: Federal employees, both active and retired, may be eligible for a discount on their plans.
  • Occupational: You may be able to get discounts for certain professions. For example, ask about discounts for teachers and healthcare providers.
  • Safe driver: A motorcycle safety course is an excellent way to review potential hazards on the road. It is also a way to get lower costs on motorcycle insurance. A number of insurance providers offer discounted rates to motorcyclists who complete safety training.
  • Age: The highest risk groups are teen and young adult age groups. Insurance companies typically discount motorcycle insurance as you age, and you may be able to get discounts specifically for riders over 50.

Helpful Downloads

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