It is easy to get confused by all the coverage options for insurance on a motorcycle. Here’s a look at a few hints to help you pick the right insurance.

Do I need motorcycle insurance?

Unless you live in Florida, you are required by law to have insurance if you ride a motorcycle. But even if you live in Florida it is still a very good idea. Motorcycles are risky, and accidents are common. If you have an accident you could end up having to pay for medical costs and repairs to other vehicles as well as your own.

What types of motorcycle insurance are there?

There are different types of insurance and coverage options available depending on the firm, but here are some that are common.

Liability Insurance – this is usually required by law and is the most basic minimum that you want. It will protect you if you are at fault in an accident, and will help to pay for medical bills and damages for other people involved. If you are sued it will also pay towards your defense, but you have to look at the limit on your policy to see how much. It won’t cover any damage that you incur to your own motorcycle or yourself.

Medical Payments Coverage (MedPay) – this strictly covers medical bills as a result of a motorcycle accident, regardless of who is at fault.

Personal Injury Protection (PIP) – helps to pay for injuries to yourself or your passengers. It can also cover wages you lose if you are unable to work after an accident.

Collision Coverage – if you have an accident and your motorcycle is damaged, this insurance will pay for its repair. However you will first need to pay the deductible amount.

Uninsured/Underinsured Coverage – for when you have an accident involving someone who doesn’t have insurance. If they are at fault then they would normally pay for your repairs or medical bills. This coverage can help protect you if they are unable to do that.

Comprehensive Coverage – pays for damages to your motorcycle from other causes, such as vandalism, weather or theft.

It is a good idea to extend your insurance on a motorcycle, so that you have help to pay for the unexpected costs that come up. If you’re ready to get started, give us a call so we can help you find the best insurance policy to meet your needs.