Motorcycles differ from cars but the requirements for insurance are quite the same. The insurance policy requires covering the vehicle, passenger, driver, and everyone included in the road accident.
Coverage Shared by cars and motorcycles
Common insurance coverage included in motorcycle and car insurance policies include:
- Collisions coverage
- Medical Payments
- Underinsured /Uninsured Motorist
- Comprehensive coverage
Required Coverage for motorcycles
Every state asks for different coverage from the vehicle owner. Some states don’t have minimum motorcycle insurance needs. On the other hand, the requirements for motorcycle insurance in some states is the same. An example of basic motorcycle insurance can be but not limited to:
- $20,000 in a property damage charge
- $25,000 in bodily injury liability/person
- $55,000 in bodily injury liability/accident
Does Motorcycle Insurance cost more than Car Insurance?
Motorcycles have a reputation for being dangerous, despite that the cost of motorcycle insurance is less than cars or vans. The most likely reason is the size of motorcycles, but it usually depends on other factors.