Riding a motorcycle is exciting, but it can also be dangerous. Riders need to put safety first and make sure they have good motorcycle insurance. Along with wearing a helmet and protective clothing and riding carefully, having the right insurance coverage can help riders feel secure and protect them if an accident happens.
Understanding Motorcycle Insurance
Accidents can happen even to the most skilled and careful riders, and the costs of medical bills, damage to property, and legal fees can add up quickly without enough insurance coverage.
One common question riders ask is whether motorcycle coverage costs more than auto insurance. In general, motorcycles can be more expensive to insure because there is a higher chance of accidents and serious injuries. However, the rider’s age, driving history, motorcycle type, and where they live also play a significant role in deciding insurance costs.
6 Essential Coverages for Motorcyclists
Crafting the right motorcycle policy starts with understanding your coverage options.
1. Liability Coverage
Liability coverage protects riders if they are at fault for an accident resulting in injuries or property damage to others. This coverage typically includes bodily injury liability, which covers medical expenses and lost wages for the other party, and property damage liability, which covers damage to the other party’s vehicle or property.
2. Collision Coverage
Collision coverage addresses the cost of damage to the rider’s motorcycle resulting from a collision with another vehicle or object, regardless of who is at fault. It can help pay for motorcycle repairs or replacement.
3. Comprehensive Coverage
Comprehensive coverage protects the rider’s motorcycle from damage caused by events other than collisions, such as theft, vandalism, fire, or natural disasters. It can also include protection against falling objects and damage from hitting animals.
4. Medical Payments Coverage
Medical payment coverage helps cover medical expenses for the rider and their passenger in the event of an accident, regardless of who is at fault.
5. Customized Parts & Accessories Coverage
Customized parts and accessories coverage protects custom modifications and aftermarket parts in the event of damage or theft. Standard motorcycle insurance policies may not cover the full value of these customizations.
6. Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage protects the rider if they get into an accident with a driver who either lacks insurance or doesn’t have enough coverage to pay for the resulting damages and medical expenses.
Factors Affecting Motorcycle Insurance Costs
There are many factors affecting the cost of motorcycle coverage. The motorcycle’s value matters a lot because more expensive bikes usually need higher coverage limits and may lead to higher insurance bills.
The rider’s driving history is also important, as prior accidents or traffic tickets can make insurance costlier. Bikes used frequently or stored in areas with high crime rates could also face additional costs. Motorcycle owners can receive discounts for safe rider training or added safety equipment, such as anti-lock brakes.
Ride Smart, Ride Safe
Getting full motorcycle insurance coverage that fits a rider’s specific needs is crucial for letting riders enjoy the freedom and fun of riding on the open road while feeling safe and financially protected. Contact Sine Insurance today for a free custom quote!
About Sine Insurance
At Sine Insurance Group, we are dedicated to providing you with custom-tailored insurance policies to protect your assets. Our comprehensive packages have been expertly crafted to serve St. Louis and the surrounding areas for the past 25 years. For more information about our products, contact us today at (855) 700-0889.