If you can't add your motorcycle to your auto insurance policy by endorsement, you will need to purchase a policy elsewhere. Many companies specialize in coverage for motorcycle owners.
If you are purchasing a motorcycle, you must be aware of the risks you face. You are particularly vulnerable to an accident on the open road. You need to protect yourself and provide coverage for:
- Physical damage to your motorcycle
- Personal injury to your passenger and others
- Damage to other property
A specialized motorcycle insurance policy can provide you with protection.
What types of coverage can you get?
Many insurance companies offer specialized motorcycle insurance, although the types of coverage they can offer varies from state to state. Some companies offer seasonal coverage and some offer complete year-round protection. Most companies will tailor the policy to meet your specific needs. Generally, owners of motorcycles (mopeds, scooters, dirtbikes, ATVs, snowmobiles, or other miscellaneous vehicles) can obtain the following types of coverage:
- Liability only
- Excess liability
- Package policies, which include liability, collision, and comprehensive
How much does it cost?
The cost of a motorcycle insurance policy will vary, depending on the size of the bike, your driving record, your age, and other factors. Some companies specialize in writing policies for motorcycle owners. It is often worth it to shop around.
What about other insurance?
Statistics show that operating a motorcycle is dangerous. Even if you exercise extreme caution when riding, the auto and truck drivers around you may not. The risk of being seriously injured is great, even in what would be considered a relatively minor accident for the driver of a car. Before you take to the road, take a minute to think about those who rely on you and what would happen if something unexpected took place. Are they protected if you are injured?...Or worse? Of particular importance for you now if you want to protect your family are health insurance, disability insurance, and life insurance. Talk to your insurance agent and ride with the confidence that your loved ones are protected.