Motorcycle insurance is an insurance coverage for motorcycles, cars, trucks, and any other road-going vehicles. Its main function is to offer financial coverage against personal injury or physical damage resulting from road accidents and against liability which may arise out of various incidents in a motorcycle. In most states in the U.S., motorcycle insurance is required if you want to drive a motorcycle on the road. However, there are still some states that don’t require you to get this type of insurance coverage.
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If you want to drive legally on the road, you have to acquire motorcycle insurance. It is important for you to understand the differences between standard car insurance and motorcycle insurance. The price may appear similar but this type of coverage has significant differences. The following are the average costs for motorcycle insurance in the state of Washington.
Just like car insurance, motorcycle insurance has a minimum liability coverage requirement. For Washington residents, this minimum liability coverage requirement is set at $200. You need to pay this minimum when you are involved in a single motorcycle accident that was your fault.
This type of insurance coverage provides you with protection for damage to your bike and property when you are involved in an accident. This also covers your medical expenses in the event of a fatal crash. When you have this type of insurance coverage, you can get financial assistance from your insurance company in case you are hospitalized and need to take care of expenses you incurred during recovery. Other benefits include payment of your lost wages and funeral expenses in the event you die in an accident caused by a vehicle you hit. This coverage also covers the repair of your vehicle if you are not covered by auto insurance.
A sidecar insurance offers additional coverage when you are driving other cars or motorcycles. It is designed for people who use their motorcycle as a primary means of transportation. Unlike a full coverage plan, a sidecar plan only provides coverage for injuries to other drivers involved in accidents with you. However, it does not offer coverage for damage to your personal motorcycle. If you have a loan on your bike, you will need to list it on the policy. The lender may require you to purchase a sidecar insurance policy if you want to finance your motorcycle.
You can reduce your premiums for motorcycle insurance in Washington by choosing a higher level of liability coverage. Liability coverage is designed to pay for the medical expenses of the injured person and other third parties involved in an accident with you. It is important to note that this coverage does not have a deductible. Instead, it pays for the medical expenses up to the limit determined by Washington state law. If you have any health issues, you should consider purchasing a rider’s health policy that includes hospital and rehabilitation coverage.