In 2015, approximately 88,000 motorcyclists were injured on the road. While wearing a helmet and driving carefully will decrease the chances of getting into an accident, you can’t control whether other drivers will do the same. If you got into an accident on a motorcycle, or if it was stolen, how would you pay the medical bills or replace your bike? This is why having motorcycle insurance is essential. 

Am I Legally Required to Have Motorcycle Insurance?

The type of coverage will depend on the state. Purchasing general liability insurance provides coverage if you caused an accident. In Missouri, you must show that you’re financially responsible before obtaining a motorcycle registration. This includes getting liability insurance with certain minimum coverage limits, such as $25,000 per person for bodily injury.

How Much Coverage Do I Need?

If you have an older motorcycle with a lower value, liability insurance should be enough. However, with a more expensive model, it’s best to purchase comprehensive coverage, just in case your bike is stolen or sustains damage. Since liability insurance only pays for other drivers’ damages from an accident, you may also want collision insurance or medical payments coverage. 

Why Can Motorcycle Insurance Be More Expensive Than Auto Insurance?

Insurance companies view motorcycles as riskier on the road due to their smaller size since drivers don’t always see them on the road. This makes them more dangerous to drive, especially since you aren’t surrounded by a protective metal body like an automobile. 

How Can I Lower My Insurance Premium?

The cost of a policy will depend on the motorcycle, as well as your age and driving record. For example, teenagers with a fast bike will pay more in premiums. Luckily, there are a few ways to decrease the cost of insurance, such as purchasing an older model bike with an engine that’s under 600cc and therefore, has a lower value. In addition, completing a safety course will show an insurance company that you know how to safely drive and are at low risk of getting into an accident. Finally, avoid filing a claim, and shop around at insurance agencies to compare costs.

If you need motorcycle insurance for your bike, our team at Steven Hall - Farmers Insurance can help. Located in Mountain Grove, MO, we’re dedicated to providing the highest quality insurance solutions to all our clients. Whether you need motorcycle, homeowners, or life insurance, we’ll offer personalized policies and make sure you understand the details of your plan. Our lead insurance agent, Steven Hall, has more than 15 years of experience and was proud to win the Topper Club and Championship award. Give us a call at (417) 926-7900 or visit our website to get a quote.