Laws on motorcycle insurance vary by state, but they are not unlike regular car insurance laws. Motorcycle insurance is required by every state in the United States except Montana and Washington. Some states also are a little different when it comes to motorcycle insurance. For example, Alaska does not require that insurance companies offer more than the required minimum liability insurance. In addition, personal injury protection coverage is not offered for motorcycles in Texas, Utah, and Oregon. In Florida, if a motorcyclist has a good driving history, they do not have to register their motorcycle. Other states have insurance laws regarding wearing a helmet.
In the majority of accidents involving motorcycles, the driver of the other vehicle disobeyed the driver of the motorcycle’s right of way and caused the accident. In addition, motorcyclists are more than 30 percent more likely to be injured in a crash than people driving in a car. Motorcycles are smaller, so they are harder to see, and they are more likely to fall victim to road hazards, such as oil spills, puddles, gravel, or potholes. Therefore, having proper insurance can make sure that a motorcyclist is taken care of financially in the case of an accident.
According to http://www.nhtsa.gov/Safety/Motorcycles :
- The odds of having an accident when riding a motorcycle rather than a car are 2 to 1;
- Motorcycle accidents are 35 times more likely to be deadly than passenger car accidents;
- With that said, you are less likely to be injured on a motorcycle than in a passenger car;
- BUT, per unit of distance traveled on a motorcycle there are 16 times more injuries than per unit of distance traveled in a car;
- Hence motorcycles have a higher fatality rate mile traveled when compared with cars;
Save Money on Your Motorcycle Insurance
Driving a motorcycle demands more skill and coordination than driving a car. They rely on only two wheels; therefore, if a driver is not careful, they will fall over when they are not moving. Driving a motorcycle also poses more of a risk at having an accident than a car, so it is important for motorcycle drivers to have proper insurance.
Types of Coverage
When purchasing affordable motorcycle insurance, you should think about the size, power, and year of the motorcycle. Property liability insurance guards the driver so that they will not have to pay for repairs to another person’s vehicle if an accident occurs. The amount of property insurance that an individual needs to purchase should be contingent on the type of motorcycle that they drive, as well as the laws in their state. Property insurance requirements range from $5,000 to $25,000. Motorcyclists who have a smaller vessel will not cause much damage; therefore, they probably should only purchase the minimum required.
Most states also require that a motorcyclist be covered by bodily injury liability insurance. This type of insurance will cover injuries to other people when the motorcyclist is at fault in the accident. Most states require $10,000 to $25,000 of bodily liability insurance, but Alabama and Maine require $50,000. Liability insurance can also help pay for legal fees.
Collision coverage is also an option, but it is not required in most states. However, in many cases the driver is required to have collision insurance if they have a loan on the bike. This coverage will reimburse one for damages to their motorcycle. A driver should think about whether their motorcycle is worth the price of collision coverage.
Unfortunately, many people choose to go without having insurance. Therefore, uninsured motorist insurance is another type of insurance that some people choose to have. This will cover the expenses if the person that caused the accident does not have insurance. This can help save a biker thousands of dollars in repairs and medical bills.
The Cost of Motorcycle Insurance
Many people today are struggling financially. Fortunately, it is possible to find cheap motorcycle insurance. The cost of motorcycle insurance normally depends on the type of bike that one has. For a small or midsize vehicle, the rate could be as low as $200, and for a nicer bike, as high as $1000. If an individual wants to find cheaper motorcycle insurance, they might consider eliminating collision or comprehensive coverage. However, this type of insurance is usually required by a lender if the bike is financed.
Ways to Save on Motorcycle Insurance
One of the best ways for a biker to find cheap motorcycle insurance is to raise their deductible. In addition, there are several companies who offer cheaper motorcycle insurance if the driver is part of a group or organization, such as the American Motorcyclist Association.
Companies will also be more likely to offer affordable motorcycle insurance if the person has a higher credit score and pays their bills on time. Bikers who only take their bike for an occasional rider might be able to get cheaper motorcycle insurance. Therefore, there are many ways to get cheaper motorcycle insurance, if a person knows the right questions to ask.
Cheaper Motorcycle Insurance – Get Quotes and Compare!
Cheap motorcycle insurance is available. Use the form at the top of the page and get one or many quotes to compare. Even if you think you already have an affordable motorcycle insurance policy, there is nothing to lose, but only money to save. After getting the quotes you can determine if you can get cheaper motorcycle insurance.