For those who ride motorcycles, there’s nothing better than hitting the open highway on your bike. Motorcycles are required to have insurance just like automobiles. Whether driving a road bike or a dirt bike, insurance is required by law in all states of the union while zipping along roads and, in most locales, even when hitting the public trails.
If you own a motorcycle, you need to obtain insurance coverage in line with the state minimums for liability insurance. This is the coverage that pays up to the limits of the policy for injuries or damages caused by you to other people and their property, but does not pay one red cent if you are injured or if your bike is stolen or becomes damaged in an accident where you’re at fault. Proper insurance to compensate for your own injuries can be purchased for just a little more money, and uninsured/underinsured motorist insurance can also be obtained, which provides the maximum in insurance protection.
The good new is that the expense of insuring a motorcycle is generally much less than a similar auto policy. There are some exceptions, such as if you own a top-of-the-line sport bike or an extravagant cruiser such as a high-end Victory, Harley-Davidson or Indian motorcycle. This is due to the fact that sport bikes have high-powered engines and many costly parts and trim that are expensive to repair. Also, keep in mind that insurance tends to be more expensive for people under age 30 and for those with bad driving records.
Overall, motorcycles cause much less damage to other vehicles or property and this is certainly true when they are ridden by well-trained, skilled, and more experienced riders. This lessened risk of higher accident costs translates to insurance policies that are very affordable with full coverage for most riders, usually available for anywhere from $100 per year to around $300 for full coverage. Coverages can be had for even less for policies with only liability coverage.
In most professionals’ opinions, a full-coverage policy is always the best choice along with additional uninsured/underinsured motorist coverage. Uninsured/underinsured coverage gives protection against hit-and-run drivers and those who have inadequate state minimum liability insurance. These levels of coverage can be easily surpassed when you suffer serious injuries in an accident, leaving you to your own financial devices in such unfortunate cases.
Those who are off-road riders will also benefit greatly from recreational vehicles insurance, which is designed for All Terrain Vehicles, dirt bikes and other off-road vehicles.