Readers new to riding motorcycles should know the majority of states require Motorcycle insurance. For the most part, policies that cover motorcycles are fairly similar to those covering automobiles. Those who have never owned a motorcycle may want to read on to find out a little bit more about how these policies work before they buy, though. After all, it's always best to be prepared.
What Does Insurance Cover?
Most states require at least Basic Coverage. These policies typically cover liability for damage to other vehicles or properly and bodily injuries to drivers and riders. Depending on the company chosen and the type of policy riders take out, they may need Extra Coverage for things like damages to bikes that occur due to natural or human-made disasters rather than collisions. Some riders may also be required by state law to take out SR-22 insurance policies if, for example, they've been caught driving without insurance, have suspended licenses, or have been convicted of a DUI.
Determining Coverage Amount
State minimums for insuring motorcycles and riders can vary greatly, so it's best to ask an agent about options prior to deciding on a policy. It's usually not a good idea to go for the cheapest possible policy, as more comprehensive coverage can be extremely helpful. Riders who are worried about cost should know that many companies offer Discounts to those who bundle their insurance for their bikes with homeowners insurance, renters insurance, or traditional auto insurance.
All the Extras
It's often possible to take out policies that offer far more comprehensive coverage. This may include roadside assistance, rental coverage, trailer coverage, accessory coverage, or even trip interruption coverage. Taking out a comprehensive plan will ensure that riders are protected under all possible circumstances.
What to Compare
In addition to checking out the cost of a particular policy, it's also a good idea to ask about deductibles, coverage limits, and exclusions. For example, some policies will not cover riders who are engaging in extreme riding behavior like racing their bikes. It's important to know what the policy will cover so riders can compare apples to apples when they are deciding on a plan.