Motorcycle Insurance
Motorcycle insurance is a way to protect your motorcycle and you against damages you may cause to yourself and others while operating your motorcycle. Like car insurance, there are many different types of motorcycle insurance policies that may seem overly complex. The RG Insurance team can help simplify these policies and assist you in choosing the right plan for your needs.
What Does Motorcycle Insurance Cover?
For the most part, motorcycle insurance covers similar areas that typical car insurance does.
Injuries
Injuries are the biggest concern when it comes to motorcycle insurance. If you’re at fault for an accident and are uninsured or underinsured, then there is little chance that you will be able to cover the cost of property damage or medical bills associated with injuries.
Collisions
Depending on your plan, motorcycle insurance can cover the cost of any property damaged due to a collision with another party, regardless of whether or not the other person involved in the accident is uninsured or underinsured.
Unexpected events such as theft or weather damage
As with any other type of vehicle, motorcycle insurance covers the cost of damages caused by theft or weather damage. One would be wise to check for exclusions in their policy if they live in an area where these events frequently occur, as not all policies will cover every instance of one or both of these events.
What Types of Vehicles Are Covered?
ATVs & UTVs
ATVs and UTVs are similar to motorcycles in that they are both open-air vehicles designed for travel. However, this does not mean that insurance companies will provide the same type of policy for these vehicles. A rider looking to purchase a motorcycle should check with their insurance agent about available coverage before buying a motorcycle. If the agent cannot provide adequate coverage for your motorcycle, then an ATV or UTV policy should be considered.
Sportbikes
Sportbike riders may also elect to purchase motorcycle insurance, though the coverage options and costs will vary from policy to policy. Sportbike owners who want to ensure that their bike is appropriately covered should check with their insurance providers about available policies and limits.
Cruisers
Unlike sportbikes, cruiser and touring bikes are often insured similarly to cars. Some insurers consider “vintage” or “classic” cruisers for a lower rate than other, more modern bikes.
Dirt bikes
Just like cruisers and sportbikes, dirt bikes can be insured in much the same way as a car. Dirt bike insurance prices can also vary depending on if the bike is considered “vintage” or “classic.”
Scooters & mopeds
In most states, you are not required to purchase liability insurance for scooters and mopeds. However, if you’re involved in a crash and are found to be at fault, you will be responsible for fixing or replacing your scooter or moped, as well as any other property damage caused by the accident. As such, purchasing liability coverage for both scooters and mopeds can be a wise decision to protect you and your assets.
Custom bikes
Often, custom bike owners have difficulty getting an insurance quote online due to the alterations they’ve made to their vehicle. But you can still find coverage by calling a licensed insurance provider and discussing your alterations over the phone or in person. Even if you own a custom bike, you can still get standard coverage along with important add-ons to protect your ride.
Motorcycle Insurance Options
Besides standard coverage, motorcyclists often add on features such as roadside assistance. Keep an eye out for insurance discounts, which you can get by taking advantage of features such as anti-theft devices, airbags, or safety courses.
Liability coverage
Liability coverage is required in most states. In general, this insurance protects you from being sued if you cause injury to a third party or damage their property. The minimum amount of liability coverage legally required is usually low, so it’s essential to check with your state for the specific requirements.
Medical coverage
Medical coverage is not required, but it’s becoming a popular motorcycle insurance add-on. It pays for the medical expenses for you or your passengers in the case of an accident, regardless of who is at fault. This differs from health insurance because it only covers injuries sustained while riding your motorcycle. In contrast, regular health insurance could cover other injuries, such as those resulting from a slip and fall.
Underinsured motorist coverage
Underinsured motorist coverage can also be purchased as an add-on. It covers you in the case that the at-fault party in an accident has insufficient insurance that can’t cover your medical expenses or property damage.
Motorcycle Insurance FAQs
What payment options are available for motorcycle insurance?
Typically, motorcycle insurance providers offer the option of paying monthly or in a lump sum. This is similar to the payment schedule for standard car drivers.
Does motorcycle insurance cover other riders?
If you are riding with a passenger, then it is highly recommended that you purchase additional liability insurance to protect your passenger in the event of an accident.
How much is motorcycle insurance per month?
In America, the average annual cost for motorcycle insurance is $721. Like with cars and trucks, a cheap motorcycle will cost less to insure compared to a brand-new, expensive one. Your rates will also be determined by other factors, such as your age and zip code.
Contact RG Insurance Agency for Motorcycle Insurance
Give the experts at RG Insurance Agency a call for assistance with motorcycle insurance so you can be sure you’re protected. Our team can help you decide which plan works best for you. Contact us today for a free quote!