Motorcycle insurance is a specialized policy that provides the same core protections as auto insurance—liability, collision, and comprehensive—but is tailored to the unique risks associated with riding. It accounts for the higher likelihood of accidents and can include specialized coverage for custom parts and accessories, making it a legal requirement and a financial necessity for riders.
- What It Is: A policy specifically designed to cover motorcycles, which are considered higher risk than cars.
- What It Covers:
- Liability, Collision, and Comprehensive: Same as auto insurance, but tailored for motorcycles.
- Accessory Coverage: Protection for custom parts and equipment.
- Uninsured/Underinsured Motorist Coverage: Protects you if you’re in an accident with a driver who has little or no insurance.
- Who It’s For: Motorcycle owners. It is required in most states.
- Key Considerations: Premiums are often higher due to the increased risk of accidents and injuries. You can sometimes purchase seasonal coverage.