Just like automobile insurance, motorcycle insurance is mandatory for anyone who owns a motorcycle Costs of motorcycle insurance work just like car insurance—your premiums depend on where you live, your age, your driving record, and how many drivers you want to include on your policy. Furthermore, your premiums will also vary based on the amount of coverage you want, although you must have the minimum liability coverage required by your state.

MINIMUM COVERAGE REQUIREMENTS

All vehicles, including motorcycles, are required to have a minimum amount of coverage. Liability coverage is almost always required (except for a couple of states) and provides financial protection to the other vehicle/s or property in an accident in which you were liable.

Types of liability coverage you are normally required to have include:

This offers a set amount of coverage per person who is physically injured in an accident. For example, if your state requires you to have a $25,000 coverage limit, your insurance company would pay up to that amount in medical bills and other related costs for each person who was injured in an accident you were liable for.

This is the limit your insurance company will pay in total for all injuries. For example, if your coverage limit is $50,000, your insurance company won’t pay any more than that for all bodily injuries combined.

Because bodily injury liability per accident overrides bodily injury liability per person, it is usually a good idea to get more coverage than the state requires.

The most common coverage limits are $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $10,000 for property damage. However, find out what your state requires before getting a quote.

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If you would like to find out more about what Allstar International Group can do for you or to receive a quote, don’t hesitate to contact us. We’d love to hear from you!

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