Motorcycle Insurance vs. Car Insurance

Understand the Difference

Motorcycle Insurance Is Different From Car Insurance

The Coverage You Need for Your Car May Not Be What You Need For Your Bike

Motorcycle insurance is very similar to car insurance, in that they both have the same legal requirements, and often include the same benefits. For both cars and motorcycles, you are required to maintain a minimum of $200,000.00 in liability coverage. Comprehensive coverage is not required by law, but may be required by your finance company, and many of the same factors that affect car insurance may influence your rates. In determining your rates for motorcycle insurance, the insurance companies will consider your driving experience, your driving record—such as traffic tickets and accidents—as well as your insurance history, including payment history and claims history.

One of the major differences between car and motorcycle insurance is that your driving experience with your car will not count as riding experience. Even if you have been driving for many years, when you first obtain your motorcycle license you will be considered to be a new rider, and as such, your rates will be higher than an experienced rider. However, if you have traffic tickets and accidents from driving your car, you may have a higher rate on your motorcycle insurance. As well, as many motorcycles have a lower value than a car, many people opt for liability coverage only, especially if the value of their motorcycle is less than the deductible on a comprehensive policy.