Your ultimate motorcycle insurance guide

Motorcycle insurance covers riders and their bikes, providing financial protection against accidents, theft and unexpected events. Motorcycle insurance is a legal requirement in most states, but beyond legal reasons for getting it, it provides valuable safeguards to both riders and their motorcycles. So, whether you're a daily commuter, weekend warrior or just enjoy the occasional ride, having the right insurance coverage is essential for peace of mind on the road.

This motorcycle insurance guide provides you with the knowledge and tools needed to navigate coverage options confidently. From understanding motorcycle insurance policy types to how to save on premiums and handle claims, this guide to motorcycle insurance covers everything you need to know to protect yourself, your motorcycle and others on the road.

Understanding motorcycle insurance

Types of motorcycle insurance coverage

Understanding the types of motorcycle insurance coverage will help you to read your motorcycle insurance quotes, compare your options and ultimately choose the right policy for you.

• Liability coverage – Liability coverage protects you financially if you're at fault in an accident by covering damages to other people and their vehicles or property. It's legally required in most states and a great idea everywhere.
• Collision coverage – Collision coverage pays for repairs or replacement of your motorcycle if you're involved in a collision, regardless of fault. This coverage keeps your bike protected in the event of an accident. Note that this does not cover non-traffic-accident damage. For that, you’ll want comprehensive coverage.
• Comprehensive coverage – Comprehensive coverage provides protection against non-collision incidents such as theft, vandalism, fire or natural disasters. It works together with your collision coverage to keep your bike protected.
• Uninsured/Underinsured motorist coverage – This coverage steps in if you're involved in an accident with a driver who doesn't have insurance or sufficient coverage. It covers your medical expenses and damages to your motorcycle when the at-fault driver is unable to pay.
• Medical payments coverage – Medical payments coverage covers medical expenses for you and your passengers in the event of an accident, regardless of fault.

Note that each state has its own motorcycle insurance requirements. Be sure to check your state’s requirements when selecting your policy. A VIU by HUB Advisor can answer questions and help you make sense of things so you can be confident that you have the best motorcycle insurance for you.

Factors affecting motorcycle insurance rates

Several factors go into determining motorcycle insurance costs. Understanding these factors will help you to understand what goes into your policy and what aspects you have some control over.

• Age and experience of the rider – Younger and less experienced riders typically face higher insurance premiums due to the perceived higher risk.
• Type and model of the motorcycle – High-performance bikes or those more prone to theft may result in higher insurance rates.
• Riding history and record – A clean riding record with no accidents or traffic violations can lead to lower insurance premiums.
• Location and usage of the motorcycle – Urban areas with higher rates of accidents or theft may result in higher insurance premiums. Additionally, motorcycle insurance laws and coverage requirements vary by location.
• Deductibles and coverage limits – Choosing higher deductibles and lower coverage limits can lower premiums but may result in higher out-of-pocket costs in the event of a claim.

How to choose the right motorcycle insurance

With numerous motorcycle insurance options, riders may find themselves overwhelmed by choice. However, understanding what to expect and how to choose the right motorcycle insurance can make the process more manageable while still helping you get the right coverage for your circumstances. If you’re in the market for an insurance policy, here are your next key steps to get the most out of your motorcycle insurance comparison:

• Assessing your coverage needs – Evaluate your riding habits, the value of your motorcycle, and your financial situation to determine the appropriate level of coverage.
• Comparing quotes from multiple insurers – Obtain quotes from multiple insurance providers to compare coverage options and premiums. VIU by HUB makes this easy online or by phone with an advisor.
• Evaluating insurer reputation and customer service – Consider the insurer's reputation for reliability, claims handling and customer service.
• Understanding policy exclusions and limitations – Review the fine print of your policy to understand what is and isn't covered, as well as any limitations or exclusions.
• Reviewing additional features and benefits – Look for additional features such as roadside assistance, towing coverage or accessory coverage that may enhance your policy.

How to choose the right motorcycle insurance

With numerous motorcycle insurance options, riders may find themselves overwhelmed by choice. However, understanding what to expect and how to choose the right motorcycle insurance can make the process more manageable while still helping you get the right coverage for your circumstances. If you’re in the market for an insurance policy, here are your next key steps to get the most out of your motorcycle insurance comparison:

• Assessing your coverage needs – Evaluate your riding habits, the value of your motorcycle, and your financial situation to determine the appropriate level of coverage.
• Comparing quotes from multiple insurers – Obtain quotes from multiple insurance providers to compare coverage options and premiums. VIU by HUB makes this easy online or by phone with an advisor.
• Evaluating insurer reputation and customer service – Consider the insurer's reputation for reliability, claims handling and customer service.
• Understanding policy exclusions and limitations – Review the fine print of your policy to understand what is and isn't covered, as well as any limitations or exclusions.
• Reviewing additional features and benefits – Look for additional features such as roadside assistance, towing coverage or accessory coverage that may enhance your policy.

Tips for saving on motorcycle insurance

Affordability without sacrificing coverage is a top priority for riders looking to protect themselves and their bikes. Fortunately, there are several ways to obtain motorcycle insurance discounts while still maintaining adequate protection on the road. Consider these:

• Bundle policies for discounts – Combining your motorcycle insurance with other policies such as auto or homeowners insurance can often lead to discounts.
• Maintain a clean riding record – Avoiding accidents and traffic violations can help keep your insurance premiums low.
• Opt for a higher deductible – Choosing a higher deductible can lower your premiums - just be sure you can afford the out-of-pocket expenses if you need to file a claim.
• Take safety courses – Completing a motorcycle safety course can not only improve your riding skills but also lead to discounts on your insurance premiums.
• Install anti-theft devices – Installing security measures such as alarms, locks or GPS tracking devices can deter theft and potentially lower your insurance rates.

Commonly asked questions about motorcycle insurance

What does motorcycle insurance cover?

Motorcycle insurance typically covers liability, collision, comprehensive, uninsured/underinsured motorist and medical payments. However, specific coverage may vary depending on the policy and insurer.

Do I need motorcycle insurance if I only ride occasionally?

Yes, even occasional riders should have motorcycle insurance to protect themselves and their bikes in the event of accidents or other unforeseen circumstances. More than a good idea, this is the law in most states.

Can I add accessories coverage to my policy?

Yes, many insurers offer optional accessory coverage to protect aftermarket parts and accessories added to your motorcycle.

How does motorcycle insurance differ from auto insurance?

While both types of insurance provide financial protection for vehicles, motorcycle insurance is tailored to the unique risks and needs of motorcycle riders, such as coverage for injuries sustained while riding.

What happens if I let my motorcycle insurance lapse?

Allowing your motorcycle insurance to lapse can result in fines, license suspension or even legal consequences, depending on state laws. It's essential to maintain continuous coverage to avoid these penalties. However, there are some options to help you save money on your motorcycle in the off-season.

The claims process for motorcycle insurance

When an unfortunate incident occurs on the road, having a clear understanding of the claims process can help streamline the resolution and minimize your stress. Your first step should be contacting your insurance provider to initiate a claim. Prepare necessary documentation, such as photos, police reports and witness statements, to support your claim.

Understanding motorcycle insurance jargon

Whether you’re comparing quotes, reading your policy or speaking to an agent, knowing the language will help you accomplish your goals faster.

• Premium – The amount you pay for your insurance coverage, typically paid monthly or annually.
• Deductible – The amount you’re responsible for paying out of pocket before your insurance coverage kicks in.
• Policy limits – The maximum amount your insurance provider will pay for covered claims.
• Exclusions – Specific situations or events that are not covered by your insurance policy.
• Uninsured/Underinsured motorist coverage – Coverage that protects you if you're involved in an accident with a driver who doesn't have enough insurance to cover your damages.

Understanding your policy

Importance of regular policy reviews and updates

As with any insurance policy, reviewing your motorcycle insurance on an annual basis will help you to be certain that your coverage aligns with your current circumstances. Life changes, such as buying a new motorcycle or relocating to a new area, may mean adjustments to your insurance coverage so that you and your bike remain protected. By staying proactive and informed, you can keep your motorcycle insurance effective in providing the protection you need.

Exploring specialized motorcycle insurance options

For riders with unique needs and preferences, standard motorcycle insurance may not always provide adequate coverage. Understanding these specialized insurance options empowers riders to select policies that best suit their motorcycles and riding styles, providing peace of mind on every journey.

• Coverage for custom-built motorcycles – Custom-built motorcycles often require specialized coverage to protect their unique features and modifications.
• Off-road motorcycle insurance – Off-road riders may need specific coverage for their motorcycles to protect against damage or theft while riding off-road.
• Vintage or classic motorcycle insurance – Vintage or classic motorcycles require specialized coverage to protect their collectible value and unique features.
• Insurance for motorcycle accessories and gear – Accessory coverage can protect aftermarket parts, gear and equipment added to your motorcycle.
• Roadside assistance and towing coverage – Having roadside assistance and towing coverage make sure that you're prepared for unexpected breakdowns or emergencies while riding.

Understanding motorcycle insurance for different riding scenarios

Every rider's journey is unique, shaped by their riding habits, preferences and the nature of their trips. From daily commuters navigating urban streets to recreational riders enjoying weekend adventures, each scenario has specific coverage considerations.

• Daily commuting – Commuting riders may require higher liability coverage and comprehensive coverage to protect against accidents and theft during daily rides.
• Recreational riding – Recreational riders may need coverage tailored to occasional weekend rides or longer trips, depending on their riding habits.
• Long-distance touring – Long-distance riders may require additional coverage for extended trips and travel-related risks.
• Group riding and rallies – Group riders may need specialized coverage for group events, rallies or organized rides.

The impact of modifications and upgrades on motorcycle insurance

When considering aftermarket parts and accessories for your motorcycle, it's important to recognize that these additions may require additional coverage to guarantee their protection in case of damage or theft. Similarly, upgrading performance components can impact your insurance premiums, as these enhancements may elevate both the value and risk associated with your motorcycle. Therefore, it's crucial to inform your insurance provider about any modifications or upgrades to make sure that your motorcycle insurance continues to meet your evolving needs.

Motorcycle insurance for new riders

As new riders venture into the world of riding, they encounter a unique set of considerations and challenges when securing adequate insurance coverage compared to more experienced riders and motorcycle insurance buyers.

Special considerations for beginners

Buying and managing motorcycle insurance can be a challenge for new riders. In addition to the difficulty of learning about new types of insurance coverage and the considerations that go along with them, new riders often face higher insurance premiums due to their lack of riding experience. However, there are proactive steps that new riders can take to mitigate these costs. One idea is taking a motorcycle safety course, which not only equips riders with essential skills and knowledge but can also lead to lower insurance rates. Insurance providers often offer discounts to riders who have successfully completed accredited safety courses, recognizing the reduced risk associated with well-trained riders.

Finding affordable coverage options for new riders

New riders should be diligent in their search for motorcycle insurance, exploring various coverage options and insurance providers. Getting insurance quotes from multiple companies and comparing coverage options to get the best value for their money is a great idea. Contacting an insurance brokerage like VIU by HUB is an even better idea. Working with a brokerage means that they have someone who can help them to make sense of the differences between motorcycle insurance and other types of insurance they may have. A Motorcycle Insurance Guide, if you will. They’ll also have access to more coverage and carrier options than most riders would find on their own.

Common misconceptions about motorcycle insurance

• It is expensive – Many believe that motorcycle insurance is prohibitively costly, but that's not always the case. In reality, premiums can be quite affordable, especially if you take advantage of discounts and compare quotes from different providers.

• Your car insurance covers your motorcycle – This is a common myth. Car insurance policies do not extend coverage to motorcycles. Motorcycles require their own dedicated insurance policies so that you’re adequately protected.

• Not filing a claim keeps your rates low – While it's true that multiple claims can increase your rates, not filing a claim when necessary can lead to more significant out-of-pocket expenses. It's important to weigh the pros and cons of filing a claim based on the situation.

• A friend's insurance covers you if you ride their motorcycle – Don’t assume you’re covered under a friend’s policy when riding their motorcycle. Most insurance policies only cover the named insured. Always check with the policyholder and the insurance provider to understand the coverage specifics.

• Minimum coverage is enough – Minimum liability coverage might meet legal requirements, but it often falls short in providing protection. Consider higher limits and additional coverages to safeguard yourself and your bike fully.

• All policies offer the same protection – Motorcycle insurance policies vary significantly between providers. Differences in coverage limits, exclusions and additional benefits can impact the overall protection you receive. Always read the policy details carefully.

• Cost is solely determined by the bike's value – While the value of your motorcycle is a factor, other aspects like your riding history, location and chosen coverages also play crucial roles in determining your premium.

• Insurance isn't necessary for short rides or off-road use – Accidents can happen at any time, regardless of the length or type of ride. Maintaining appropriate coverage for all riding situations is essential for your safety and financial protection.

• It is okay to only have insurance coverage during riding season – Cancelling or pausing your insurance during the off-season might save some money upfront, but it leaves your motorcycle vulnerable to theft, damage and other risks. Year-round coverage is advisable to maintain continuous protection.

With the right insurance coverage in place, riders can enjoy the freedom of the open road, reassured by the peace of mind that they're safeguarded in case of accidents or unforeseen events.

Whether you're a seasoned rider or just starting out, securing adequate motorcycle insurance is essential for a safe and enjoyable riding experience. With VIU by HUB and our team of neutral advisors, riders can discover tailored insurance solutions that perfectly align with their unique needs, allowing them to ride with confidence every mile of the way.