If you’re driving a motorcycle, every state requires you to have motorcycle insurance. Minimum liability insurance might work for some drivers and some motor vehicles, but it doesn’t work for motorcycles. Operating a motorcycle poses a lot of risk. Here’s what you want to look into.
Liability
Minimum liability coverage is required that’s consistent with the law of the state your bike is registered in. Let’s say the minimum liability coverage in your state is $20,000. That’s not enough to cover a night in the emergency room and a surgery for a broken ankle. Liability coverage only insures damage you do to somebody else or their property. Although it’s automatic on most policies, make sure you have guest liability coverage too.
Medical payments
This isn’t required in most states, but it’s recommended. This will cover your medical bills up to your coverage limit regardless of fault when your driving your motorcycle. If you’re carrying a passenger, that person is also covered.
Collision coverage
Upon payment of the deductible, collision coverage will either pay for repairs to your bike or pay its current cash value after an accident regardless of fault. Replacement coverage is available too. You’ll want to look into that. Current market value might not be enough. Don’t forget to insure accessories.
Comprehensive coverage
This covers your bike from theft, damage from fire, flood or vandalism after payment of the deductible. It pays for damages occurring from events other than a collision.
Uninsured/Underinsured coverage
This is extremely important coverage, but in most states, it’s elective. If you’re injured in an accident and it’s the fault of an uninsured driver, you’re covered for bodily injured up to the extent of your policy limits. If the person only has $20,000 in coverage, and you claim $50,000 of bodily injury damages, you’re also covered. You want this when you’re on a bike.