Motorcycle Coverage: Auto Insurance Options

Motorcycle owners may be wondering if they can add their motorcycle to their existing auto insurance policy. The answer is yes, it is possible to add a motorcycle endorsement to an existing auto insurance policy. This allows you to add motorcycles, mopeds, scooters, and other two-wheeled vehicles to your current policy for an additional premium charge. The cost of adding a motorcycle to your auto insurance will vary depending on the insurance company and factors such as the type of motorcycle, coverage limits, and driving history. It is recommended to get quotes from multiple insurance providers to find the best price and ensure your motorcycle is appropriately insured.

Adding a motorcycle endorsement to an existing policy

When adding a motorcycle endorsement to your auto insurance, you will likely pay an extra premium charge. The cost of this additional coverage option can vary greatly from company to company and depends on several factors, including the type of motorcycle, your current coverage limits, and your driving history. It's a good idea to get quotes from several insurance providers to find the best price and coverage for your needs.

Keep in mind that some insurance providers may not offer motorcycle endorsements on existing policies if you have been continuously uninsured for a certain period, such as six months, or if your policy has expired. In these cases, you may need to purchase a separate motorcycle insurance policy or consider non-owner liability coverage, which provides insurance for riders with no existing auto insurance policies on their two-wheeled vehicles.

Another option to consider is bundling your motorcycle and auto insurance policies with the same provider. This can often result in savings on your monthly premiums. However, it's important to ensure that the provider offers separate coverages for motorcycles, such as liability coverage and collision/comprehensive protection.

By adding a motorcycle endorsement to your existing policy, you can ensure that your bike is appropriately insured, providing you with peace of mind and financial protection in the event of an accident or other incidents.

How much it will cost to add a motorcycle to an auto insurance policy

The cost of adding a motorcycle to an auto insurance policy will depend on a variety of factors, including the type of bike, the state of residence, age, gender, marital status, riding experience, and driving record.

Cost of Motorcycle Insurance

The average cost of motorcycle insurance in the United States is about $33 per month or $399 per year. However, this can vary significantly depending on the factors mentioned above. For example, the cost of insurance for motorcycles can vary by up to $51 per month from one state to another. Kentucky has the most expensive motorcycle insurance quotes, with an average of $69 per month, while North Dakota has the cheapest, with an average of $18 per month.

The type of motorcycle also plays a role, with sport bikes typically being the most expensive to insure due to their high value and frequent theft. Cruisers and touring bikes tend to have lower insurance rates.

Factors Affecting the Cost of Motorcycle Insurance

Age is a significant factor, with younger and older riders often paying higher premiums. Men usually pay more than women, and married riders often have lower rates than single riders. Riders with more experience and a clean driving record generally pay less for insurance.

Minimum Coverage vs. Full Coverage

The cost of motorcycle insurance also depends on the type of coverage. Minimum coverage typically ranges from $85 to $263 per year, while full coverage can cost anywhere from $245 to $2,534 per year. Full coverage includes comprehensive and collision insurance, which covers the cost of repairing or replacing your bike in the event of an accident, while minimum coverage may not.

Discounts and Cost-Saving Measures

There are several ways to reduce the cost of motorcycle insurance. These include choosing a cheaper bike, looking for safety features, reducing annual mileage, increasing the deductible, and taking advantage of discounts offered by insurance providers, such as those for completing a motorcycle safety course or bundling policies.

Multi-bike insurance

Some insurers apply a cap to the number of bikes that can be insured under a multi-bike policy, while others have no limit. It is important to shop around and get quotes from multiple providers to find the best deal.

In addition to multi-bike insurance, there are other options for insuring multiple vehicles, such as motorcycle fleet or family fleet insurance, which can cover different types of vehicles under the same policy and allow multiple named drivers.

What motorcycle insurance covers

Motorcycle insurance is similar to car insurance in that it provides financial protection for injuries or damages incurred while driving your vehicle. However, there are some differences in what is covered by motorcycle insurance, and there are also optional extras that you can add to your policy.

A standard motorcycle insurance policy includes liability insurance, which covers the cost of damage to other people's property and their injuries if you are at fault in an accident. It will also cover some portion of the costs associated with damage to your bike.

In most states, motorcycle riders are required by law to carry two forms of liability insurance: bodily injury and property damage liability coverage. This covers any injury to others or damage to a third party's property while operating their vehicle.

You can also get comprehensive coverage, which will pay for loss or damage due to causes other than collision, such as hail and other weather damage, damage from animals, and motorcycle theft.

Optional Extras

There are a variety of additional coverages that you may want to consider adding to your policy. These include:

• Medical payments and personal injury protection (PIP)
• Uninsured/underinsured motorist insurance
• Collision and comprehensive
• Motorcycle repair insurance
• Carried contents and personal belongings
• Roadside assistance and towing

Discounts on motorcycle insurance

Motorcycle insurance can be costly, but there are many ways to save money. One way is to bundle your motorcycle insurance with other insurance policies. For example, you can get a discount by bundling your motorcycle insurance with home, personal auto, or commercial auto insurance. You can also save money by bundling your motorcycle and car insurance policies, as long as your provider offers separate coverages for motorcycles, such as liability coverage and collision/comprehensive protection.

Another way to save on motorcycle insurance is to take advantage of discounts offered by insurance companies. For instance, GEICO offers a Multi-bike Discount for policyholders who insure more than one motorcycle with them. They also offer a Mature Rider Discount for experienced riders who meet certain age criteria. If you're a safe rider, you can also get a discount by completing a Motorcycle Safety Foundation (MSF) course. This discount is offered by both GEICO and Rider Insurance. Rider Insurance also offers a Safety Instructor Course Discount for those who have completed an instructor course.

The type of motorcycle you own can also affect your insurance rates. For example, Rider Insurance offers a Preferred Operator Discount for applicants with a motorcycle driver's license, who are 26 or older, have a clean driving record, and are insuring a non-sport/non-high-performance motorcycle. They also offer a Sport Bike Safe Driver Discount for applicants 35 or older with a clean driving record, who are insuring a sport/high-performance motorcycle.

Additionally, you can save money by paying your full motorcycle insurance premium upfront rather than making monthly payments. This is known as a Pay-in-Full Discount and is offered by Rider Insurance.

Finally, you can save by switching your motorcycle insurance to a different provider. GEICO, for example, offers a Switching Discount if you transfer your insurance to them from another company.

Remember that insurance policies and discounts can vary by state and company, so be sure to check with your insurance provider to see what specific discounts are available to you.

Frequently asked questions