Understanding Motorcycle Insurance

Motorcycle Insurance

If you own a motorcycle then you need to have motorcycle insurance.  Though they offer similar types of coverage, it differs from auto insurance as auto insurance helps to protect cars and motorcycle insurance helps protect motorcycles.  They are not interchangeable.

What is motorcycle insurance?

Motorcycle insurance is financial protection in case you get into an accident or something happens to your motorcycle or even you while riding your motorcycle.  If you get into an accident, instead of paying for all the damage out of pocket, you insurance company can help pick up the cost.  By having insurance, there is less risk that an accident will be financially devastating.

Why do I need motorcycle insurance?

Motorcycle insurance is separate from auto insurance.  If you have auto insurance, but also plan on riding a motorcycle, then you will still need to get motorcycle insurance.  Your auto insurance will not pay for damages that occur while riding a bike.  It’s important to have the right coverage.  Without proper insurance, you could be paying thousands of dollars out of pocket if something were to happen.  And while you may be a safe rider, you cannot control others on the road.

How Does Motorcycle Insurance Work?

To get coverage, you pay your insurance company a premium, which is an amount for a specified term.  Then, if an accident involving your motorcycle occurs, insurance may be able to help cover some of the costs.  Your insurance can help pay for the damage up to your policy’s limits.  The limit is the agreed upon amount that your insurance will pay if something happens.  If the damage incurred is more than your policy’s limits, then you will need to pay for the remaining expenses out of pocket.  Often times, you will have to pay a deductible, which is an amount of money that the insured must pay before insurance will kick in. Because everyone is different, so is their insurance policy.  To get the right amount of coverage, you should speak to an insurance agent and they will help you get the appropriate policy for your situation.


What types of coverage are available?

  • Bodily Injury Liability – this type of coverage will help pay for injuries that other people suffer in a crash that was your fault.
  • Property Damage Liability – If you cause damage to someone else’s property, then property damage liability will help pay for those damages.
  • Comprehensive – When things other than a collision damages your motorcycle (vandalism, fire, theft, etc.), then this type of coverage will help protect you financially.
  • Collision – This will help pay for damages to your bike resulting from an accident.
  • Medical Payments – If you are injured in a crash, this will help pay for the medical costs regardless of who was at fault.
  • Personal Injury Protection (PIP) – Similar to medical payments, PIP helps with medical costs.
  • Uninsured Motorist – If you get into an accident with someone who doesn’t have insurance, this will help pay for the damages.
  • Underinsured Motorist – Like uninsured motorist, if you get into an accident with someone with inadequate insurance coverage, this will help pay for some of the costs.
  • Motorcycle Roadside Assistance – If your motorcycle breaks down on the road, this will help with towing and labor expenses.
  • Accessory Coverage – If you add custom parts to your bike, this will help cover those parts.


Are there any discounts?

Similar to auto insurance, you can get discounts on your motorcycle insurance.  Insurance discounts can vary by carrier.  Speaking to your insurance agent is the best way to see which discounts you are eligible for.  These are some common ones that you could ask about:

  • Safe rider
  • Mature rider
  • Multi-vehicle
  • Multiple Policies (bundling)
  • Location (living in a safer area could qualify you for a discount)
  • Motorcycle riding association
  • Completion of a motorcycle safety course


What’s specific to Massachusetts motorcycle insurance?

If you live in MA and need motorcycle insurance, then there are a few things to keep in mind.  The state liability minimums are:

  • $20,000 bodily injury per person
  • $40,000 bodily injury per incident
  • $5,000 property damage per incident

Massachusetts also requires all riders to wear a helmet when on their motorcycle.


What if I live in Connecticut?

CT motorcyclists are required to have a minimum of these liability limits:

  • $20,000 bodily injury per person
  • $40,000 bodily injury per accident
  • $10,000 property damage per accident

In Connecticut, if you have a full motorcycle license, you are not legally required to wear a helmet.  However, it is always a good idea to do so anyway.  A helmet could potentially save your life.


Why should I have year-round insurance on my motorcycle?

Even if you only use your motorcycle seasonally, it is important that you keep insurance on your bike throughout the year.  Though you might initially think that removing insurance completely could save some money, it’s not a risk you should take.   What if something were to happen to your bike, like theft?  If you bike is damaged, it could be expensive to repair.  Instead of getting rid of you insurance completely, consider reducing the amount of coverage you have.  By reducing the amount of coverage or by raising your deductible, you could still save some money. It’s less likely that your bike will sustain damage, but if something were to happen, you still have some coverage.


Any other important information?

Riding a motorcycle can be dangerous, so it is crucial that you have insurance to help protect you.  Your insurance coverage and payments will depend on the policy you choose.  Talking to an insurance agent is the best way to determine the right coverage for you.  Also remember to wear a helmet!

Call an Encharter agent at 888.754.8299 and ask about motorcycle insurance!

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