Motorcycles are exhilarating to ride, as they provide a unique experience that four-wheel cars simply aren’t able to offer. Riding motorcycles, however, also comes with a certain level of risk. Riders should always be cognizant of the risks that come with owning bikes, and they should prepare for those risks. Along with employing good safety practices, motorcycle owners in Massachusetts can prepare by getting motorcycle insurance.
Motorcycle insurance policies are like auto insurance policies that have been specifically designed for motorcycle riders (rather than automobile owners). Motorcycle policies include many coverages that are found in auto policies, although the terms and conditions are sometimes slightly tweaked to better suit motorcycle riders.
Without motorcycle coverage that at least meets Massachusetts’ minimum insurance requirements, riders can’t legally take their bikes on public roads. Therefore, anyone who owns a motorcycle in the state should strongly consider getting a motorcycle policy.
As is the case with auto insurance policies, the exact coverages included in motorcycle policies vary. Nevertheless, there are common coverages that many policies include either as standard protections or optional add-ons. A few such coverages are:
Some riders may also want gap coverage, or optional or added equipment coverage. Gap coverage typically provides protection for the difference between how much a rider owes on a lease or loan, and their bike’s depreciated value. Optional or added equipment coverage is usually used to insure aftermarket parts that are installed on bikes.
Riders who put their motorcycles in storage for winter may not need as much motorcycle coverage while the bikes are in storage. At least carrying comprehensive coverage, however, is usually a good idea. Comprehensive coverage may help protect a bike from vandalism, theft and similar perils, and keeping a policy in effect ensures there isn’t a lapse in coverage (which may cause a rider’s motorcycle coverage rates to increase in the future).
Insurance companies take into account many factors when they calculate motorcycle policies’ rates. A few factors that can impact a rider’s premiums include:
Massachusetts residents who own a motorcycle that they need to insure should contact an independent insurance agent near them. Most licensed, independent agents who help drivers with auto insurance also assist riders with motorcycle insurance. They can help riders assess their insurance needs, request quotes for policies that meet those needs, and compare the quotes that insurers supply.