It’s essential to have motorcycle insurance to protect yourself legally, financially, and physically. However, finding the right motorcycle insurance can be overwhelming, and one of the most frequently asked questions is, “How much motorcycle insurance do I need?” This article will explore the factors that affect how much motorcycle insurance you need.
State Requirements
The first thing you need to consider while choosing motorcycle insurance is your state’s requirements.
Each state has its own minimum liability insurance requirements that you need to fulfill. For example, in California you are required to carry at least $15,000 in bodily injury per person. $30,000 in total bodily injury per accident. $5,000 in property damage per accident.
Motorcycle Type
The type of motorcycle you own significantly affects your insurance needs. The cost of insuring a custom motorcycle will be much higher than a basic motorcycle.
Similarly, if you own a high-valued or high-performance motorcycle, you will need a different insurance policy than those who own a standard bike.
Therefore, it is crucial to assess your motorcycle’s value and type before purchasing an insurance policy. This will help you to determine how much coverage you need.
Personal Budget
Your personal budget is another aspect that determines the extent of your motorcycle insurance.
You should choose insurance based on how much you can afford to pay in the event of an accident or policy claim.
You don’t want to pay for an unnecessary high-priced policy every month if that money could go towards paying rent or groceries!
Medical Payments
Motorcycle accidents can result in severe injuries, and medical bills for treatment and rehabilitation can cost a fortune.
Therefore, choosing a motorcycle insurance policy that covers medical payments will provide you with peace of mind knowing that your medical expenses will be taken care of, even if an accident occurs.
Additional Coverage
Apart from minimum liability and medical payments coverage, you can also opt for additional coverage, such as comprehensive coverage, collision coverage, and uninsured motorist coverage.
These policies are not mandatory, but they can provide additional protection in case of theft, vandalism, or accidents caused by uninsured motorists.
Wrapping It Up
In conclusion, motorcycle insurance requirements vary on a case-to-case basis. It depends on your state’s minimum insurance requirements, motorcycle type, personal budget, and the coverage you want.
Before choosing your motorcycle insurance policy, it is essential to consider all the factors we discussed today.
The policy premium you pay will provide peace of mind knowing you are protected financially, legally, and physically. Don’t hesitate to ask your insurance provider to explain the different policies they offer, and take the time to compare policies based on coverage and price before you make your final decision. Stay safe out there, and happy riding!
Delgado’s Insurance: High-Quality Insurance in California
If you need dependable and affordable insurance in the Golden State, look no further than Delgado’s Insurance.
We have locations in Riverside, California, and Bloomington, California. Get in touch today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter)!
