The most common motorcycle insurance myths and misconceptions
As a motorcycle owner, you know that owning a bike comes with a lot of responsibility. One of these responsibilities is purchasing motorcycle insurance. However, there are many myths and misconceptions that surround motorcycle insurance that can make it difficult to understand. To help you navigate this complex topic, we’ve put together a list of the most common motorcycle insurance myths and misconceptions.
Myth 1: Motorcycle insurance is not necessary if you have a good driving record
Even if you have a good driving record, motorcycle insurance is still necessary. Accidents can happen at any time, and if you’re involved in an accident, having insurance will provide you with financial protection. Additionally, in most states, you’re required by law to carry a minimum amount of liability insurance.
Myth 2: Motorcycle insurance is expensive
While it’s true that motorcycle insurance can be more expensive than car insurance, it’s important to remember that insurance costs are affected by a variety of factors. These factors include your driving record, the type of motorcycle you own, your age and location, as well as the amount of coverage you choose. It’s important to shop around and compare rates from different insurance providers to find the best deal.
Myth 3: If someone borrows your motorcycle and gets in an accident, their insurance will cover it
This is a common misconception. In most cases, the insurance of the person riding the motorcycle at the time of the accident will not cover damages. Instead, the insurance policy of the motorcycle’s owner will cover the damages.
Myth 4: All motorcycle insurance policies are the same
This is not true. Just like with car insurance, there are many different types of motorcycle insurance policies and coverage options available. It’s important to do your research and understand the different types of coverage available to ensure that you have the right coverage for your needs.
Myth 5: You don’t need insurance if you only ride your motorcycle a few times a year
If you ride your motorcycle on public roads, you’re required to carry insurance, regardless of how often you ride. Even if you only ride your motorcycle a few times a year, it’s important to make sure you have the right coverage in case of an accident.
In conclusion, it’s important to separate fact from fiction when it comes to motorcycle insurance. By understanding the most common motorcycle insurance myths and misconceptions, you can make informed decisions about purchasing the right policy to protect yourself and your motorcycle.
