Motorcycle Insurance Policy FAQs
Motorcycle insurance differs slightly from typical auto insurance, but they also have many similarities. Here are some other differences regarding motorcycle insurance versus car insurance, and how it affects you as a driver and consumer.
Do I need a special license to operate a motorcycle?
Most likely the answer is Yes. Nearly every state in the USA motorcyclists are required to get special licenses to operate their two-wheelers. A simple drivers license policy does not suffice, and a motorcyclist will have to contact their local Department of Motor Vehicles (DMV) to find out their specific state requirements for their license. And, just like automobiles, nearly every State also requires motorcycles and their drivers to be insured.
Does my automobile insurance cover my motorcycle?
No. You must get motorcycle insurance specifically. If you are in an accident, you will NOT be covered unless you have motorcycle insurance.
Do I need special motorcycle insurance?
In nearly all states, the answer is Yes. The amount you pay for motorcycle insurance will differ from your automobile insurance rate, but whether it is higher or lower depends on you and your vehicle. Motorcyclists can get all the usual vehicle insurance coverage including: Liability Coverage, Comprehensive Coverage, Collision Coverage and Underinsured/Uninsured Motorist Coverage.
What factors are included in determining motorcycle insurance costs?
Insurance rates are based on a several different factors, all rooted in the amount of RISK you present to their company As a rule of vehicle insurance, high-risk drivers/riders are more costly to insure than low-risk drivers. High risk drivers are more likely to be in an accident, whereas low-risk drivers/riders are less likely to get in a wreck and therefore cheaper to insure. The factors included in determining if you are high-risk or low-risk include: credit history, driving history, age, gender, type of vehicle to insure, income, safety course completion, geographic location and more.
Is Motorcycle Insurance more costly than car insurance?
Motorcycle insurance is sometimes more costly, as the injuries in motorcycle accidents are usually more severe and the hospital bills are therefore higher. However, this can be offset by the value of your motorcycle, as it could be far less to repair than a car. Again, this depends on your personal situation and the type and value of motorcycle you are riding.
What are some discounts I can get on Motorcycle Insurance?
Riders looking to get cheap motorcycle insurance should first complete a rider’s safety course. Additionally, they should wear a helmet. Here are some other possible motorcycle insurance discounts:
• Maintain a good driving record.
• Inquire about a “lay-up” policy, which would suspend motorcycle insurance coverage during the Winter months when the bike is laying dormant.
• Check on multi-bike discounts, or multi-vehicle discounts.
• Some insurance companies offer a discount for low-mileage riders. That is, the fewer miles you ride, the less your insurance.
Be sure to ask your traditional or online motorcycle insurance company about specific discounts they offer. You might be surprised how easy it is to save a buck and get cheap motorcycle insurance.