How Much Motorcycle Insurance Should I Get?

The Smith Insurance Group, Inc. in Sandy, UT can help you to find the right insurance for you and your motorcycle.

Besides state-wide motorist requirements, (like limiting cell phone usage, the law against texting and driving, or the requirement to wear an approved helmet,) the Smith Insurance Group, Inc. can help you to ensure you are insured properly in Utah.

Motorcycle insurance requirements

Most states have a legal requirement for motorcyclists to carry liability insurance, which pays out for other’s injuries or damages in the event you cause an accident. Even no-fault states, like Utah, require motorcycle liability insurance.

You are required in Utah to carry certain minimum coverage limits for an accident, which include:

  • $25,000 for bodily injury per person.

  • $65,000 for total bodily injury when multiple people are hurt in the accident.

  • $15,000 for property damage.

While those limits are the minimum requirements, remember – you may need more than that. Speak with your insurance agent to understand if you’re protected, and get a quote today.

Additionally, Utah is a no-fault state, and automobile drivers are legally required to carry PIP, or personal injury protection coverage. PIP is not required to be a part of a motorcycle insurance policy, but many insurers still include PIP.

What If I Need More?

No one likes to think of being sued, but it is a real possibility if you cause an accident and someone brings a suit against you. Just buying the minimum limits from the state may not be enough to pay for legal bills, medical bills, and replacement or repairs to your motorcycle in the event of an injury-causing accident.

If you have passengers, remember – many motorcycle insurance policies do not cover passengers. Check with your insurance agent to confirm that your policy has passenger liability coverage.

In the event you need uninsured or underinsured motorist coverage, your policy should have limits set that will protect you. UIM insurance protects you should someone who is driving without insurance (or with inadequate insurance) gets into an accident with you – if you’re not properly insured, you could be on the hook for the difference between their policy limits and medical or legal bills resulting from the insurance.

Other Motorcycle Insurance Considerations

Other insurance coverages you should consider when purchasing motorcycle insurance include:

  • Collision coverage

  • Comprehensive

  • Umbrella or Gap insurance

  • Personal injury protect (or PIP)

  • Trip interruption coverage

  • Transport trailer coverage/Towing

  • Roadside assistance

  • Motorcycle lay-up protection (or during winter, when motorcycles are traditionally put away. This insurance covers you from theft and other perils)

Potential Motorcycle Insurance Discounts
Speak with your insurance agent today to see if one of the following discounts can help you save on your motorcycle insurance needs:

  • Bundle and save

  • Maintain a clean driving record

  • Pass a rider training course

  • Motorcycle riders organization membership

  • Mature ride discount for longtime riders

Types of Settlements If Your Bike Is Destroyed or Stolen

  • Actual Cash Value: Get reimbursed for what your bike is currently worth, not including deductible and depreciation.
  • Stated Worth: Pays out only the amount you chose when you purchased your insurance policy.
  • Agreed Value: Pays out a fixed amount you and your insurance agency settled on when you purchased your policy.

See how an insurance agent serving Sandy, UT can help you. Speak with a qualified agent today!