If you own a motorcycle, you know how fun and thrilling an experience riding can be. You also understand that there are many risks involved, even for motorcyclists who are safe and conscientious while riding. That’s why motorcycle insurance is so crucial—to protect you, your bike, and other motorists. 

A Guide to Motorcycle Insurance

Am I required to have motorcycle insurance?

Ohio law requires anyone who drives a motor vehicle to have minimum liability coverage. To cover bodily injury/death, motorcyclists must have $25,000 for one person and $50,000 for injuries/death that affects two or more people. When it comes to property damage, riders must have $25,000 in coverage per accident. 

Are other types of motorcycle insurance available?

In addition to liability coverage, which protects other motorists, you can also purchase collision coverage. This insurance protects your bike and personal property, such as helmets, in the event of a crash. Comprehensive coverage protects against non-collision damage, including theft and vandalism. Medical payments insurance covers any medical costs incurred by you, while uninsured/underinsured covers you if you’re involved in an accident caused by another motorist who lacks sufficient coverage. 

What factors affect the cost of motorcycle insurance?

The type of bike you ride plays a significant role. Bikes known for reaching an increased rate of speed are often more expensive to insure since they’re associated with a higher risk. Factors like your driving record, the likelihood of your bike being stolen, and how much you ride can also affect cost. 

How much insurance do I need?

While you must have the mandatory liability coverage to remain compliant with the law, comprehensive and collision coverage are recommended for most riders. Even if you have health insurance, you may want to consider implementing medical payments coverage, as some injuries can require extensive treatment. The right amount of insurance for you typically depends on your specific situation and needs.