Even if you've got a leather jacket and a helmet, additional protection is important.
There’s nothing quite like owning a motorcycle. The freedom of hitting the open road and feeling the wind on your face can't be described with words — nor should it. While safety apparel and motorcycle insurance are probably the least exciting aspects of owning a new bike, it is still important to ensure that you and your ride are protected.
The good news is motorcycle insurance is pretty similar to auto insurance — it comes with liability, comprehensive, and collision coverage for you, your passengers, and your bike. Let’s get into the basics of motorcycle insurance coverage, beginning with the various coverage options.
Most major insurance providers offer multiple lines of insurance — including motorcycle coverage. Here at The Zebra, we work with Liberty Mutual, Foremost, and Dairyland to offer you competitive quotes for a motorcycle insurance policy. Below are the coverage-specific options for each company.
Liberty Mutual provides all the basic coverage options you can think of: collision, comprehensive, liability, etc. If you desire, you can add some optional coverage features Liberty Mutual offers:
Foremost is one of the biggest motorcycle providers in the US. They have a three-tiered insurance program which we have broken down below.
Dairyland advertises low rates and offers a wide range of coverage to protect you and your bicycle. Below are some standard and non-standard options:
If you're in the market for cheap motorcycle insurance quotes, your best bet is to shop around with as many companies as possible. Only by comparing quotes can you find the best rate for your needs. If you're interested in quotes from Liberty Mutual, Dairyland, or Foremost, call us at 888-444-2833 or click below.
Most insurance policies include liability, collision, and comprehensive coverage. Let’s break that down further.
Liability insurance, coverage for damage you cause to other property or individuals, is required in 47 states with the exception of Florida, Montana, and New Hampshire. The lowest amount of coverage you’re required to have is the same as the requirement for auto insurance. Check out the table below for more details on the required amounts of coverage by state.
Collision and comprehensive covers physical damage to your motorcycle. Collision coverage refers to when you collide with another vehicle or your vehicle is otherwise damaged in a typical car accident. Comprehensive coverage, or sometimes called “other than collision", would cover your motorcycle if it was stolen or damaged by an animal in the road. As with car insurance, collision and comprehensive utilizes deductibles that are deducted from a claims payout. Deductibles vary per your choice as well as your insurance company but typically range from $250 to $1,000.
Known as Med Pay coverage, medical payments coverage handles medical costs incurred by you and any passengers injured in an accident. While riding a motorcycle presents an array of benefits, it can still be dangerous regardless of your level of skill or care. Consider if additional medical payments are right for you (note: it is not available in every state).
Comprehensive and collision insurance typically covers damages to custom parts and accessories. Insurance companies typically cover up to $3,000 for your personalizations. So, let’s say you have a completely customized Harley Davidson motorcycle that cost you a pretty penny. You may want to consider increasing your insurance limits if your add-ons are worth more than what your insurance company will cover.
In the event of a breakdown, roadside assistance would help cover on-site towing and labor.
Hitting the open road is less desirable when it’s below freezing outside and insurance companies understand this. So, they offer what they call a lay-up period. During times of less-than-favorable riding conditions, you can place your motorcycle in storage and reduce your coverage — thereby reducing your premium as well. While in this period, you will usually still maintain comprehensive insurance if your vehicle is vandalized or stolen — but you won’t have any type of liability insurance.
Many companies will offer discounts to policyholders who meet certain requirements.
Some common motorcycle policy discounts include:
If you're looking for the best motorcycle insurance coverage, there are many things to consider. There are a number of things that can impact your rates, including your driving record, age, and credit history. The type of motorcycle you ride could also impact your rates. For instance, custom motorcycles may have higher premiums due to their unique, one-of-a-kind parts.
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Each year, thousands of Americans die in motorcycle accidents. More often than not, those that die or are seriously injured are the riders themselves. If you are a motorcyclist yourself, wearing a helmet will almost always mitigate severe injury or death. Do what you can to protect yourself and others, as well as prevent your insurance rates from increasing after getting into an accident.
The Zebra reviewed studies from government associations, non-profits and highway authorities to gather the most recent and important motorcycle accident statistics.
For more information on deadly car accident statistics, consider our Distracted Driving Statistics page.