Motorcycle Insurance

Example

“Jake's motorcycle insurance paid $8,500 to replace his stolen Harley-Davidson and another $1,200 for his custom helmet and leather jacket that were taken with it.”

Memory Tip

Think 'Motorcycle Insurance = Mobile Coverage' - it protects you and your bike wherever you ride.

Why It Matters

Motorcycle insurance is typically less expensive than car insurance but equally important since motorcycle accidents often result in more severe injuries and higher medical costs. Many standard policies don't adequately cover expensive custom parts or riding gear, making specialized motorcycle coverage essential for serious riders.

Common Misconception

Many riders think motorcycle insurance is much cheaper than car insurance and provides the same protection, but motorcycle policies have unique considerations like seasonal coverage options and specific exclusions. Some assume their car insurance covers motorcycle riding, but this is rarely the case without separate motorcycle coverage.

In Practice

Sarah owns a $15,000 motorcycle and pays $680 annually for full coverage including liability ($25,000/$50,000/$25,000), collision with $500 deductible, comprehensive with $250 deductible, and $3,000 in custom parts coverage. When she crashes and totals her bike, insurance pays $14,200 after her collision deductible. Her medical payments coverage pays $5,000 of her $12,000 hospital bill, and she receives $2,750 for her damaged custom exhaust and saddlebags. Without insurance, this accident would have cost her over $26,000 out of pocket.

Etymology

Emerged in the early 1900s as motorcycles became popular, combining 'motorcycle' (motor + bicycle) with 'insurance' from Latin 'securus' meaning to make secure.

Common Misspellings

Related Terms

More in insurance

Other insurance terms you should know

See Also