You need coverage designed for motorcycles, scooters, and similar vehicles. With motorcycle insurance you gain financial protection against various risks associated with owning and riding a motorcycle, such as accidents, theft, or damage to the bike or property. Motorcycle insurance is similar to car insurance but tailored to the unique needs of motorcyclists.
Key Components of Motorcycle Insurance
Liability Coverage
Bodily Injury Liability: Covers medical expenses, lost wages, and other costs if you injure someone in an accident. Property Damage Liability: Pays for damage you cause to another person’s property, such as a car or a building.
Collision Coverage
Pays for damage to your motorcycle resulting from a collision with another vehicle or object, regardless of fault.
Comprehensive Coverage
Covers non-collision-related damage, such as theft, vandalism, fire, or weather-related incidents.
Uninsured/Underinsured Motorist Coverage
Protects you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t sufficient to cover your costs.
Medical Payments or Personal Injury Protection (PIP)
Covers medical expenses for you and your passengers, regardless of who is at fault.
Custom Parts and Equipment Coverage
Custom Parts and Equipment Coverage will add protection to your modifications or custom accessories.
Why Motorcycle Insurance is Important
Legal Requirement
In Texas having at least basic liability coverage is mandatory.
Financial Protection
Accidents or theft can lead to significant costs, and insurance helps mitigate those expenses.
Peace of Mind
Ride with confidence when you know you have coverage for your motorcycle or scooter.
Premiums for motorcycle insurance depend on factors like the type of motorcycle, your age, your driving record, your location, and coverage levels. Always compare policies to find the right fit for your needs.
The Texas Department of Insurance website publishes the latest requirements for Motorcycle Insurance. For help with your policy reach out to Legacy Insurance.