Proper Motorcycle Insurance

Proper Motorcycle Insurance Is Very Important

If you ride a motorcycle, choosing the right motorcycle insurance is one of the most important decisions that you’ll have to make. Here are some reasons why:

It’s Mandatory in Most States

Currently, motorcyclists are required to have insurance in 48 out of 50 states. Only Florida and Washington have no insurance requirements for motorcycles. Even if you live in these states, obtaining insurance is highly recommended.

Causing an Accident Can Result in Huge Liability Issues

In most accidents involving a car and a motorcycle, the motorcycle its riders usually suffer the most damage. This doesn’t mean that you can’t cause serious damage with your motorcycle. If you hit a pedestrian and are found to be at fault for the accident, you may end up being responsible for medical bills, as well as compensation for pain and suffering. This is why car insurance experts recommend picking a motorcycle insurance policy that provides liability coverage that is a lot greater than the minimum amounts required in your state.

Motorcycle Insurance Can Help If You’re Injured in an Accident

Even though some motorcyclists think that their health insurance will be enough to cover the bills should they be injured in an accident they’ve caused or if the other party is uninsured or did a hit and run, this isn’t always the case.

One unfortunate reality for motorcyclists is that they’re more likely to suffer far more serious injuries in an accident when compared to car drivers. Even if you have a health insurance plan, it may not cover all of the medical expenses resulting from a serious motorcycle crash, especially if you remain hospitalized for a long time or require extensive specialized care. Most motorcycle insurance providers let you purchase medical payments coverage, which will help with medical bills in this scenario. In some states, insurers can offer personal injury protection (PIP) coverage. This form of coverage will not only pay for medical expenses, but will also cover loss of income, regardless of who is at fault for the accident with motorcycle insurance

Damage to Motorcycles in Accidents Is Often Serious

In the event of a traffic accident, your bike is likely to suffer at least some damage. Even collisions happening at relatively low speeds that would have resulted in minor damage to a car could total a motorcycle. Single vehicle accidents, in which the motorcycle collides with the roadway after the rider loses control and falls off, or hits a fixed object, account for nearly 25% of all motorcycle accidents. They also have the potential of causing major damage to a bike.

With motorcycle insurance that includes collision coverage, any needed repairs to your vehicle will be covered in such cases, even if you were at fault.

Motorcycle Thefts Are on the Rise

Comprehensive motorcycle insurance covers not only collisions, but also fire and theft. According to the National Insurance Crime Bureau (NICB), there have been 45,555 motorcycles reported stolen nationwide in 2015, a 6% increase from 2014. Newer Honda, Yamaha and Suzuki motorcycles are particularly targeted by thieves.

Motorcycle theft is a concern in some large cities, with New York City, Las Vegas and San Francisco experiencing the most thefts according to the latest NICB report. However, it can happen in smaller towns and rural areas as well. If you’ve spent a lot of money on your motorcycle, purchasing motorcycle insurance that covers theft is a good way to protect your investment.

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