Motorcycle insurance is a must for any rider, as it provides protection for your vehicle, passengers, and other property in the event of an accident. Most states, except Florida, Montana, and Washington, require motorcyclists to have some form of liability coverage. However, not all insurers cover older motorcycles or racing bikes, and the options and levels of coverage vary from company to company. Knowing what you can expect to pay for motorcycle insurance can make the buying process easier.
At a minimum, you must meet your state's minimum coverage requirements for motorcycle insurance. Nearly every state requires motorcycle drivers to have at least minimal insurance coverage, and all states require motorcyclists to be able to demonstrate financial responsibility in the event of an accident. In states where motorcycle insurance isn't required by law, you can choose to purchase coverage later, but you risk being responsible for any accidents you're involved in. Most major auto insurance companies offer motorcycle insurance, so it's not difficult to get coverage.
Geico is a great option for New York City residents in particular, as motorcycle insurance is expensive in New York. Sfeco is a Liberty Mutual company that provides all the standard insurance options for a wide range of motorcycle types, including coverage for mass-produced and kit-manufactured bikes. Progressive also offers a variety of motorcycle insurance policies suitable for most drivers. The rates for full-coverage motorcycle insurance may seem high, but it may be wise to get more coverage than the minimum required in your state.
Check with your DMV, but most states allow you to store a motorcycle without having it insured; just make sure you have a valid policy before taking your bike out again in the spring. When considering motorcycle insurance companies, price shouldn't be your only consideration: customer service and financial stability are also important. The costs of motorcycle parts, vehicle replacement, and SR22 insurance for drivers who have had a DUI or other serious violation may also vary depending on the provider.
