What Motorcycle Owners Need to Know About Insurance

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Learn more about motorcycle insurance and how to be responsible on the roads with Signature insurance agents.

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If you are a motorcycle owner, there are several important things that you need to know about insurance. When you take your bike out onto the road in Florida, you need to have insurance. Not all policies are created the same, so comparing companies, policies, and rates are of the utmost importance.

Insurance Requirements

A motorcycle is still a motor vehicle on the roads of Florida and therefore you still need to adhere to insurance requirements for the state. When you work with an insurance agent, you will learn what the minimum levels of liability are. From there, you can choose to add additional coverage to your bike so that you have financial protection.

With more coverage, it’s easier for file claims for accidents or damage and have confidence that the insurance company will take care of it. Any time you can minimize the amount of money you spend out of pocket for an accident, it should be taken.

Different Bikes, Different Coverage

There are many types of bikes on the market, including cruisers and sports bikes. The speed of the bike, the weight of the bike, and the overall construction will help insurance companies determine what the cost of your policy is going to be. Sports bikes are more likely to be involved in an accident and that’s because they are designed for speed.

Further, you may make modifications on your bike. These aftermarket parts and mods can increase the value of your bike and therefore you want to make sure you have plenty of coverage. Otherwise, if you were to lay your bike down and total it, you would only get what the bike is worth on the market instead of actual value for the parts you have added.

Your Safety Record

Your safety record is important when shopping for motorcycle insurance in Florida. Past accidents and even past traffic tickets will be reviewed when you get a policy. If you have had major accidents, it may cause your insurance to be more expensive. Further, it’s a good idea to wear as much protective gear as you can while on the roads. Florida doesn’t require a helmet, though it’s still highly recommended because it can save your life if you’re involved in a serious accident.

The goal should be to drive safely all the time. When you can reduce the number of accidents and tickets, it can also save you money on your monthly insurance premiums.

You may be a responsible motorcycle rider in Florida. However, buying motorcycle insurance is a requirement by the state. The bike you choose to ride will impact the kind of insurance you should have – and an independent insurance agent can help you with the process. This will make it easier for you to shop around and get an affordable policy you can count on all year long.