Are you a motorcycle rider living in Michigan? Buying motorcycle insurance is an important part of owning a bike, and it’s also required by state law. In this blog post, we’ll be discussing the benefits of having motorcycle insurance in Michigan, what it covers, and how to find the best motorcycle insurance for your needs. So let’s get started.

Motorcycle insurance is a type of insurance specifically designed to cover motorcycles, scooters, and mopeds. It is a form of vehicle insurance that provides financial protection from losses resulting from accidents and other misfortunes related to your bike. Motorcycle insurance is also required by law in most states, and Michigan is no exception.

In Michigan, motorcycle insurance is required for all riders. The state requires that all motorcycle owners purchase at least the minimum amount of insurance coverage. This coverage includes $20,000 in bodily injury liability per person, $40,000 bodily injury liability per accident, and $10,000 in property damage liability. This coverage is also known as 20/40/10 coverage.

In addition to the minimum coverage, Michigan also requires that all riders carry uninsured/underinsured motorist coverage, which protects you in the event that you are involved in an accident with an uninsured or underinsured driver. This coverage is required to be at least the same amount as your liability coverage.

Having motorcycle insurance provides a number of benefits to riders, including financial protection in the event of an accident, theft, or other misfortune related to your bike. Beyond the legal requirement of having at least the minimum amount of coverage, there are some additional benefits to having more comprehensive motorcycle insurance. These include:

By having more comprehensive coverage, you are better protected in the event of an accident or other misfortune related to your bike.

Motorcycle insurance typically covers a variety of situations, including damage to your bike, medical expenses, and liability. Depending on the type of coverage you purchase, it may also cover any costs associated with theft, vandalism, fire, and other non-accident-related incidents.

In addition to covering your bike, motorcycle insurance may also cover any passengers on your bike. This is referred to as passenger liability coverage, and it helps protect you in the event that a passenger on your bike is injured in an accident.

There are several different types of motorcycle insurance available, each with its own set of benefits. The most common types of motorcycle insurance are liability, collision, comprehensive, medical, and personal injury protection.

Liability coverage helps pay for any costs related to damage to another person’s property or injury to another person in the event of an accident. Collision coverage helps pay for any costs related to damage to your own bike in the event of an accident. Comprehensive coverage helps pay for any costs related to damage to your bike in the event of a non-accident related incident, such as theft, fire, or vandalism. Medical coverage helps pay for any medical costs related to an accident, such as hospital bills and doctor visits. Personal injury protection helps pay for any medical costs related to an accident, such as lost wages and rehabilitation.

When comparing motorcycle insurance policies, there are a few key things to look for. First, consider the coverage limits and deductibles offered by each policy. Higher limits and lower deductibles may cost more, but they can provide you with more financial protection in the event of an accident.

Next, look for any discounts or special offers that may be available. Many insurance companies offer discounts for riders who take motorcycle safety courses, or for riders who have multiple policies with the same company.

Finally, make sure you understand the policy’s exclusions and limits. Some policies may not cover certain types of accidents or damage, or may have limits on the amount they will pay out. Knowing what is and isn’t covered by your policy can help you make an informed decision about which policy is right for you.

There are several ways to lower your motorcycle insurance premiums, including raising your deductibles, taking a motorcycle safety course, and bundling your policy with other types of insurance.

Raising your deductibles is one of the easiest ways to lower your motorcycle insurance premiums. By raising your deductible, you are effectively taking on more of the risk yourself, which can result in a lower premium.

Taking a motorcycle safety course can also help you lower your premiums. Many insurance companies offer discounts for riders who take such courses, so it’s worth looking into.

Finally, bundling your policy with other types of insurance is a great way to save money. Many insurance companies offer discounts for customers who have multiple policies with them, so it’s worth checking to see if bundling your motorcycle insurance with your home or auto insurance can help you save.

Motorcycle insurance is an important part of owning a bike, and it’s also required by law in Michigan. By understanding the benefits of having motorcycle insurance, what it covers, and how to find the best policy for your needs, you can make sure you are properly protected in the event of an accident or other misfortune related to your bike. With a little research and shopping around, you can find the right coverage for your needs and save money in the process. Contact Great Lakes State Agency today!