Like auto insurance, motorcycle insurance covers motorcycle riders in the event of an accident or other mishap on or off the road. If you’re just starting out on your biking career, you might think motorcycle insurance is just another tedious expense, but that couldn’t be farther from the truth. Motorcycle insurance saves you money, protects you and others, and offers assurance no matter where your adventures take you. Catch up on all the important things you should know about motorcycle insurance with this guide.
Motorcycle Insurance Is a Requirement
Motorcycle insurance is a requirement in all states except for Florida. If you own and ride a motorcycle, you need some form of coverage. The exact policy requirements will vary, depending on where you live, but you’ll always need liability insurance to cover other people and their property in the event of an accident that you cause. Every state has a different coverage amount for its minimum liability requirements. Keep in mind that your state’s minimum coverage might not be enough to pay for damages, medical bills, and other expenses if you get into an accident.
You Can Cover More Than Your Bike
While the state requires certain coverages, you can add additional coverage to your policy for extra protection. For example, many insurance providers offer special equipment coverage to help replace your helmet and other gear if they sustain damage in an accident. You can also purchase medical coverage to help pay your healthcare costs, lost wages, and other expenses if you injure yourself in a crash. You can even add roadside assistance to your motorcycle insurance policy. Though it might not seem necessary at the time, this service is invaluable if you find yourself stranded because of an unexpected breakdown.
Insurance Providers Offer Discounts
One of the most important things you should know about motorcycle insurance is how to find an affordable policy. As with auto insurance, you can find a lot of discounts for motorcycle insurance if you know where to look. You might be able to bundle multiple bikes or even your home into one insurance policy for better deals. You can also save money if you have a clean driving record or several years of experience on the road. Some motorcycle insurance providers even offer discounts to members of biking clubs or associations. Be sure to ask your motorcycle insurance agency about the discounts you qualify for so that you can get the best deal possible on your policy.