As the old saying goes, everything’s bigger in Texas, and motorcycle insurance premiums are no exception. Nationally, the state ranks third for uninsured drivers. So, finding the right coverage requires research and forethought to ensure the best deal is found for the driver. Motorcycle insurance is different from automobile insurance because driving a bike is riskier than driving a car, and this is reflected in the required insurance. Basic motorcycle insurance coverage demonstrates the safety features of the bike, its value, and the costs of repair.
Like automobile insurance, motorcycle insurance is required by law and must meet the state minimum coverage for bodily injury for everyone in the accident, total bodily injuries per accident, and property damage per accident. While the required minimum amounts are higher than in surrounding states, they often do not fully cover the driver. According to the Governors Highway Safety Association, half of all fatal motorcycle crashes occur because the automobile or truck did not see the motorcyclist. With this figure, Michael Leonard Insurance recommends upgrading to the next level of coverage.
For those who finance a bike, the dealer typically also requires collision and comprehensive coverages. Collision coverage repairs the motorcycle if there is an accident. Comprehensive coverage pays for damages caused by fire, flood, theft, etc. For custom bikes, we recommend an increase in coverage to replace the custom parts if necessary. For older bikes, increasing the coverage is not necessary. Always consider the value of the bike before purchasing insurance. Furthermore, uninsured and underinsured coverage is always a good idea since there are so many motorists that do not carry insurance in Texas.
Motorcycle insurance protects both drivers on the road, but the financial responsibility can be avoided with a reliable insurance plan. If you live in Texas and are in the market for motorcycle insurance, contact Michael Leonard Insurance today! Our professionals are standing by, ready to help with any questions you may have about motorcycle insurance.