Motorcycle Insurance

Before you hit the highway on your new motorcycle, take every precaution possible — not only in terms of protective gear, but also with insurance coverage. Most states require riders to carry a minimum amount of liability insurance, but it’s worthwhile to investigate other types of optional coverage as well.

Liability coverage

Liability insurance covers you if an accident occurs whereby you cause bodily injury or property damage. Ask whether guest passenger liability coverage is included, should a passenger be injured while riding on your motorcycle.

Collision and comprehensive coverage

Collision insurance covers damage to your motorcycle due to an accident, minus your deductible. Comprehensive coverage covers you if there is a fire, a theft, vandalism to your motorcycle or another event outside a collision, again outside your deductible.

Total loss coverage

Consider total loss coverage to be sure you get the replacement cost value of your bike, that is, the retail cost of a current-year model. Actual cash value accounts for depreciation and only gives you the present-day value of your motorcycle.

Medical payments

The inherent risks of motorcycle riding make medical payments insurance a must. This coverage kicks in after an accident, regardless of who caused it. Check with your health insurance provider to find out how much coverage you have, and then compare with what medical payments coverage may provide beyond your health plan.

Final thoughts

Check whether you need supplemental coverage for any optional accessories or custom paint jobs you added yourself. Also inquire about uninsured/underinsured coverage in the event you collide with someone who lacks insurance.