5 Ways Motorcycle Insurance Differs from Car Insurance

Wednesday, November 1, 2017.

motorcycles lined up

There are five notable distinctions between motorcycle insurance and your typical auto coverage. Although the claims process is almost identical and both types of insurance serve a similar fundamental purpose, it is a common misconception that motorcycle insurance operates in the same manner as auto insurance.

1. It’s More Expensive

Insuring a motorcycle typically costs less than insuring a car. This is because motorcyclists have a higher risk of accidents and a higher risk of sustaining injuries in an accident. In fact, someone riding a motorcycle is 29 times more likely to die in a traffic accident and 5 times more likely to be injured compared to someone driving a car. The good news is that if you have a good riding record and own an inexpensive motorcycle, the cost of coverage goes down.

2. Personal Injury Protection

It is much more important for motorcycle owners to get it, since they are likely to be injured more. However, there is an option available called personal injury protection (PIP) coverage, which is available for both motorcyclists and motorists. This means that they are much more likely to be seriously injured than the occupants of another vehicle. Motorcycles usually offer very little physical protection and riders are usually thrown from the vehicle in an accident.

3. Passenger Coverage

If you purchase more than the basic liability coverage, auto insurance will automatically provide protection for passengers in the event of an accident. Motorcycles are typically considered as a mode of transportation for one individual, hence motorcycle coverage differs. It generally applies only if you are not responsible for the injuries; however, guest passenger liability insurance is available as an alternative to cover passenger injuries. Irrespective of fault, medical payments coverage is another alternative that provides coverage for injuries.

4. Laid Up Insurance

There is no risk of a motorcycle accident when your motorcycle is stored during the winter, insurance companies understand that. Many insurers offer insurance that covers other winter threats such as fire and theft. This coverage reduces your annual motorcycle insurance costs. However, if you take your bike out during this period, you won’t be covered in case of an accident.

5. Different Coverage Add-ons

Motorcycle insurance can be customized with several unique types of coverage options, such as coverage for chrome and saddlebags, equipment and parts, and custom accessories. Motorcyclists also have the option to add coverage for trailer transport. Additionally, roadside assistance is available as a standard add-on for motorists, providing them with extra support.

If you do not have the coverage you need, it is important not to make the mistake of assuming that the policy you buy will be the same. While auto insurance and motorcycle insurance share many similarities in coverage, it is a mistake to assume that they are the same type of insurance for all vehicles.

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