WHAT IS MOTORCYCLE INSURANCE? DO YOU ACTUALLY NEED IT?

Whether you are an adventure seeker and like to offroad with your Harley, or just like to wander around town, riding a motorcycle is quite thrilling. Just like you pay for your auto insurance, motorcycles should also be insured to protect yourself from financial liability. Most of the states in the United States have made motorcycle insurance compulsory. Out of the 50 states, 49 states require your motorcycles to be insured. If you live in Florida, you are exempted of this policy. Florida is the only state in the US that does not require insurance to get your motorcycle registered. Motorcycle insurance does not only helps you register your motorcycle but also saves you from a huge financial liability in case you are caught in an accident. So, yes you do need motorcycle insurance if you want to keep yourself safe and ride around the town on your bike legally.

In the United States, motorcycle owners need to show their proof of insurance to get their bike registered. Without getting it registered, no owner can apply for a license plate. This simply means without insurance you would be riding your motorcycle illegally and that can cost you a significant amount of money.  There are two types of coverage that an insurance company covers. One is the bodily damage, and the second is property damage. The minimum coverage in most states is $25,000 in bodily injury and $50,000 in case of accidents. Whereas, coverage of $10,000 is done for property damage. Slashes are used to commonly display these three limits – 25/50/10

Although almost all states in the US require insurance, they do not require the same coverage. In states like California, New Jersey, and Pennsylvania every policy must have a minimum coverage of 15/30/5 ($15,000 for bodily injury or death of a person in one accident, $30,000 in an accident with two or more people, and $5,000 of personal property coverage), which is quite less. In other states like Maine and Alaska, the coverage is as high as 50/100/25 ($50,000 for bodily injury or death of a person in one accident, $100,000 in an accident with two or more people, and $25,000 of personal property coverage). So, the amount an insurance company would cover differ from state to state. Motorcycle insurance has become one of the important requirements when it comes to vehicles, be it cars or motorcycles. You should get your vehicle insured to drive around with your permit, along with protecting your bike and you, in case of an accident. Find information on how much is motorcycle insurance today.