Whether you’re a new motorcycle owner or you’ve been riding for decades, it’s vital that you’re well covered in case you get into any kind of accident or have trouble on the road. Motorcycle insurance is like auto insurance in many ways, but there are some noteworthy exceptions.
Here’s what you need to know before buying new insurance for your bike or upgrading your current policy to ensure you’re fully protected next time you hit the open road.
Am I required to carry motorcycle insurance?
Nearly every state requires riders to carry a motorcycle insurance policy and has a minimum requirement for liability insurance. You must also show proof of insurance when registering your bike.
What does motorcycle insurance cover?
A full-coverage policy will cover costs (after you pay your deductible) to repair or replace your bike if it’s stolen or damaged by a covered loss. If you’ve customized your motorcycle, ask your insurance provider if you need a custom motorcycle insurance policy for adequate coverage.
Most standard motorcycle policies will also extend to mopeds, scooters, ATVs, three-wheel motorcycles, and motorcycles with a sidecar.
Basic Motorcycle Insurance Coverage Options
- Collision (covers damage to your bike if you collide with another vehicle or object)
- Comprehensive (for theft, vandalism, hitting a deer or other animal, and damage due to fire or severe weather)
- Liability (bodily injury and property damage insurance, for damages considered your fault)
- Personal injury protection (no-fault coverage that will pay for medical bills and lost wages due to injury)
- Medical payments (for medical costs if you or a passenger is injured)
- Uninsured/underinsured motorist coverage (protection for you in an accident if the other driver is either uninsured or underinsured)
Motorcycle Insurance Add-On Options
Some insurance companies include certain add-ons in their standard policies; others do not. Here are some of the most common extras to consider so you, your belongings, and your bike are all well protected.
Custom Parts & Equipment
It’s common for riders to customize their bikes, so many insurance agencies offer coverage for a specified amount of personalization—often around $3,000. If you’ve put more money than that into your bike and want to protect your investment, add custom parts and equipment insurance.
If you get into an accident on a trip far from home, trip interruption will help cover extra expenses like lodging, food, and transportation.
If your motorcycle breaks down, call roadside assistance! Any labor done at the site of your bike’s breakdown and towing are both covered.
If your motorcycle is damaged or stolen, your insurance will help cover the cost of a rental.
Carried Contents & Personal Belongings
This insurance will protect any personal items you carry with you on your bike if they’re lost, damaged or stolen. Items could include things like your cell phone, gear, clothing, and extra equipment.
Take Advantage of Discounts
Full-coverage motorcycle insurance can get pricey, so it’s important to take advantage of any available discounts and savings. In addition to driving safely to avoid traffic violations and accidents, you can ask different carriers what discounts they offer to help lower your annual premium. Some common discounts and savings include:
- Safe rider
- Mature rider
- Lay-up policy savings
- Multi-bike discounts
- Multi-policy discounts
- Training course discounts
- Organization member discounts
- Accident forgiveness
- Paid-in-full discounts
- Renewal savings
Get a Quote for Motorcycle Insurance
The cost of your insurance will depend on several factors: your age and driving record, your location, the type of bike you own, the age of your bike, and how many miles you drive every year. We recommend shopping around and requesting at least three quotes to find the best coverage for you.
Coverage Direct is an independent insurance agency in West Des Moines, IA. We work with various insurance carriers across the country that we have carefully vetted. If you’d like some different options to compare prices and coverages, we’d be happy to get you some quotes. Reach out to us any time!