Everything You Need to Know About General Motorcycle Insurance

general motorcycle insurance is important for all riders like this person cruising at sunset

Keys, Wallet, Helmet, and General Motorcycle Insurance

So you’ve got your new bike and you’re itching to get it out on the open road. You’ve got your gloves, your helmet, a nice pair of boots, and chaps to match. You’ve got everything you need to keep your ride safe, or so you think. But do you have general motorcycle insurance?

 

rider in flip flops who clearly needs general motorcycle insurance at minimum because this is not at all safe

 

Why Do I Need General Motorcycle Insurance?

Well, the first reason is that 47 states require you to have motorcycle insurance. Having insurance for your motorcycle means not only protecting your bike, but protecting yourself, and everyone else you share the road with.

Even if you live in a state that doesn’t require general motorcycle insurance, it’s better to have it than to be wishing you did!

Insurance is also going to protect your home and your assets if you’re at fault in an accident. Insurance can help pay for bodily injuries and any associated medical bills. Insurance is also going to cover any property damages you might be at fault for.

Whether you’ve damaged someone’s car, their house, or property in some way – or even a telephone pole – having insurance will keep you protected and out of the poor house.

 

without general motorcycle insurance you could be liable for huge medical bills if you break your leg like the person here did

 

How Much is General Motorcycle Insurance Going to Cost Me?

Costs for general motorcycle insurance vary by state and the type of motorcycle you own, but it’s probably less expensive than you think.

According to an article on Value Penguin, the average cost of motorcycle insurance in the US is only $519 annually. Now, of course, there are a lot of factors that can make this average fluctuate, for instance:

  • Value: The higher the value of your bike, the higher it’s going to cost to insure. This includes factors like custom parts that can be difficult or costly to replace.
  • Safety: The more safety features your bike has, the lower your rate is going to be.
  • Crash Rate: Some styles of bikes are just statistically involved in more crashes (yep, we’re looking at you sport bikes), and are going to cost you more to insure.
  • Theft Rate: We all love our flashy bikes, but they’re also more likely to be stolen. If an insurance company is more likely to pay out for a comprehensive claim, you can bet it’s going to cost a few more dollars.

 

if you have a flashy bike that is known for high theft, like this Suzuki, you may have to pay more for general motorcycle insurance

 

Some Other Factors To Consider Regarding General Motorcycle Insurance

Other than the type of bike you’re riding, another factor to consider is motorcycle riders themselves.

The age of a rider is something a motorcycle insurance company will consider when offering you a quote. The older a rider is and the more experience they have will certainly yield a lower price. Not to mention having a clean riding (and driving) record. So if you want to see those motorcycle insurance rates go down, make sure you’re always riding safely.

Another way to make your general motorcycle insurance rates lower is by insuring more than just your bike. Include a second bike on your insurance policy, or maybe a car, or your house. There are even some companies that will cover your life insurance policy as well as your general motorcycle insurance. A multi-policy insurance package will always save you money and will most likely include bundle discounts.

 

stuffed doll of kermit the frog wishing he had general motorcycle insurance before his accident

 

What is Your Motorcycle Insurance Going to Cover?

So we’ve already discussed that your motorcycle insurance is going to cover medical bills and property damage, but what else can you get coverage for?

  • Accessory coverage is going to cover the cost of damages to accessories on your bike. That includes modifications, custom paint jobs, safety equipment (like your chaps or helmet) wheels, and lots of other things.
  • Roadside Assistance will keep you from paying an arm and a leg for towing, minor repairs, or even gas delivery if you break down while you’re out riding.
  • Rental Coverage is going to pay for your motorcycle rental should yours need to be taken in for repairs.
  • Trailer Coverage will protect the trailer that you use to transport your bike.
  • Trip Interruption will cover the cost of food and lodging if you break down away from home. “Away from home” can vary in distance depending on which insurance company you use, so make sure you talk to your agent to find out the details.

 

this city rider knows that general motorcycle insurance is a must have even though her state doesn't require it

 

Where Do I Sign Up for General Motorcycle Insurance?

So we covered all of the reasons why you need general motorcycle insurance. Now the next step is finding the best policy for you.

The best policy is going to mean different things for different riders. That having been said, it doesn’t mean you need to talk to every Tom, Dick, and Harry to find out which policy is right for you.

 

female motorcycle rider who made sure to find the best general motorcycle insurance policy for her needs

 

Check out this list from The Balance on the best motorcycle insurance to choose from in 2019. There is a category for almost every type of rider!

Also, check out this article from Value Penguin with quick links to get motorcycle insurance quotes from some of the top insurance companies.

So shop around, get the best policy, and remember, when you need tips, be sure to check out  TMS Parts’ awesome blog for additional tips, tricks, and inspiration.

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