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Understanding Motorcycle Insurance Coverage

Getting motorcycle insurance quotes and purchasing motorcycle insurance  is very similar to getting car insurance quotes and purchasing car insurance.

Motorcycle insurance coverage and car insurance coverages and polices are similar as well.

There are mandatory state minimum liability limits and laws for motorcycle insurance, as with car insurance.

Your State Department of Insurance website will have more detailed and updated information on motorcycle insurance coverage, laws and requirements.

Liability Motorcycle Insurance

Liability motorcycle insurance pays for physical injuries and property damage caused by you in the event of a claim, up to your motorcycle insurance policy limits.

The cheapest motorcycle insurance coverage you can buy, would be the state minimum motorcycle insurance coverage. State minimum coverage may not be enough coverage and varies by state.

Coverage limits also vary from company to company.

Consider how much you have to lose in a lawsuit and how much motorcycle insurance coverage you can afford and be sure to purchase an adequate amount of liability coverage to limit your exposure in the event of an accident.

Motorcycle Insurance Collision Coverage

Motorcycle insurance collision coverage covers the cost of repairs to your motorcycle in the event of an at fault accident.

A deductible applies.

The deductible is the portion of the costs you will be responsible for.

The higher the deductible you carry, the lower your motorcycle insurance premium will be. And a lower deductible, will result in a higher motorcycle insurance premium.

Comprehensive Motorcycle Insurance Coverage

Comprehensive motorcycle insurance coverage covers the damages to your motorcycle that results from occurrences other than a collision accident.

Some examples are, if your motorcycle is stolen, caught fire or was vandalized. Any damage other than being in a collision. A deductible still applies.

Personal Injury Protection

Personal Injury Protection may be carried on your motorcycle insurance policy. Just like on a car insurance policy, personal injury protection (PIP) is like a small medical policy that covers you in the event of an accident and will also cover additional expenses. PIP coverage is usually purchased in amounts of $2500, $5000, $10000.

Medical Payments Coverage

Medical payment coverage on a motorcycle policy is like a small medical policy that covers your medical expenses in the event of an accident, unlike PIP no additional expenses are covered.

Personal injury protection (PIP) coverage is usually preferred over medical, PIP covers additional costs medical payments do not.

You cannot have PIP and Medical coverage on the same policy.

As with PIP medical coverage is usually purchased in limits of $2500, $5000, $10,000.

Motorcycle Insurance Uninsured or Underinsured Motorist Coverage

Uninsured or underinsured motorist coverage can be purchased on a motorcycle policy, it pays for costs related to injuries to you and damage to your motorcycle caused by an uninsured or underinsured driver in the event of an accident.

Uninsured motorists limits offered are the same as the liability coverage limits on your motorcycle insurance policy.

Most companies will allow you to purchase less coverage limits, but you cannot purchase higher limits than what you are carrying on your motorcycle liability limits.

Make sure you carry enough coverage; this is the coverage that protects you, in the event of an accident with uninsured or underinsured. Especially helpful coverage for bodily injuries.

A deductible of $250 applies.

This basic motorcycle insurance coverage information should you help make a sound decision when you get motorcycle insurance quotes and purchase your next motorcycle insurance policy. Get quotes from competing agents and companies to find the best rate quote.