From Yahoo Finance: 2025-05-08 11:22:00

Motorcycle insurance is crucial to protect financially in case of accidents. Liability insurance is required by most states, covering damage and injuries caused to others. Lenders usually require collision and comprehensive coverage. Even when not required, it’s smart to have insurance to avoid hefty costs in accidents or theft. Different types of motorcycles can be covered by insurance, including autocycles, classic bikes, cruisers, custom bikes, dirt bikes, sport bikes, scooters, and touring bikes. Each type requires specific coverage to ensure full protection. Motorcycle insurance features similar coverage as car insurance, including collision and comprehensive insurance. Personal injury protection (PIP) and medical payments are essential for covering medical expenses after an accident, regardless of fault. Uninsured motorist coverage helps pay for medical bills and lost wages if the other party is underinsured or uninsured. Various extra options, such as roadside assistance and rental reimbursement, provide additional support in different scenarios. The cost of motorcycle insurance varies based on coverage types, credit history, riding history, type of motorcycle, location, and age. Discounts are available for anti-theft equipment, autopay, mature riders, motorcycle organization members, multicycle coverage, safety course completion, safe riders, and transfers. Florida state law requires financial responsibility in the event of an accident, which can be shown through liability insurance or a financial responsibility certificate. Comprehensive insurance covers theft, providing peace of mind in case of stolen motorcycles.

Read more: Types of coverage and how much you’ll need