Just as with car insurance, drivers who choose a motorcycle as their vehicle are also required by law to purchase insurance coverage. This insurance will protect you financially in the event that you are involved in an accident. If you haven’t yet done so, or you’re in the process of getting your license and plan on purchasing a bike, here are a handful of essential things you need to know about motorcycle insurance before hitting the road.
Not all insurance providers are created equal. Perhaps the single most important thing you need to consider when choosing motorcycle insurance is the provider who will issue and hold the policy. Sure, anyone out there can provide you with a motorcycle insurance quote, but only those agencies that are reputable, have a solid track record and offer the type of coverage you need at the right price should make the list.
Coverage will vary. Many motorcycle insurance policies cover the bare minimum, which means that if you end up in an accident that causes significant damages, you could end up financially responsible for a good portion of the resulting bills. For best results, discuss your coverage options with a trusted insurance professional who can advise you on any additional features you may wish to add to ensure that you are fully protected.
Personal injury protection is a wise investment. You don’t have to read all the statistics to know that riding a bike can sometimes come with increased risk to bodily injury. Oftentimes the types and extent of injuries sustained in a motorcycle accident far exceed the coverage in a basic motorcycle insurance policy. For this reason, it’s wise to invest in what’s known as personal injury protection, or PIP. This can help defray the costs of medical care following a serious accident.
Know the law. Every state has different laws that apply to motorcyclists, particularly in terms of insurance coverage. Guest passenger liability provides protection if you are legally responsible for injuries to a passenger on your bike.
Don’t take chances. You may believe you are the safest, most experienced biker on the road, but even if you are, that doesn’t mean you’ll never end up in a collision. After all, that’s why they’re called ‘accidents.’ Never assume your coverage is enough. When getting a motorcycle insurance quote, speak with your agent about the various options available to you and consider multiple policies prior to deciding on which one is right for you. A little extra legwork upfront can make all the difference in the end.
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