Are you wondering if motorcycle insurance is mandatory in Florida? If so, you’re not alone. Many Florida drivers don’t realize the importance of this type of insurance. While some people may have a motorcycle primarily for transportation, many consider it a prized possession. Luckily, motorcycle insurance from The Gordon Agency can help protect you and your ride. Motorcycle insurance is essential for two reasons: it protects you financially in the event of a crash, and it also protects you from any loss due to an accident. Florida’s laws are unique to those of other states, as they are based on a specialized set of laws. For example, you do not have personal injury protection (PIP) if you’re driving a motorcycle. Therefore, motorcycle owners are at a higher risk of financial loss in an accident because their injuries are often more severe.
Liability-only motorcycle insurance
If you’re in Florida, it’s important to know that you are required to carry motorcycle insurance. This is not the same as the PIP coverage that you must have in your auto insurance. Florida requires all drivers to have this coverage, regardless of fault. It will pay for medical bills and other damages, regardless of who is at fault. But, if you’re driving a motorcycle, it’s even more important to have insurance.
Depending on the state you live in, you’ll need to carry a minimum amount of liability insurance. This coverage pays for damage and bodily injury to other drivers and vehicles. The limits are often represented by three numbers, 25/50/25. These amounts represent the amount of bodily injury and property damage the insurance company will pay if you’re at fault in an accident. Liability insurance limits for motorcycles are also equal to your net worth, so make sure you purchase sufficient coverage for your motorcycle.
Uninsured motorists coverage
Although it is not mandatory in Florida to carry motorcycle insurance, it is highly recommended. Without it, you’re at a higher risk of facing huge expenses if you’re in a wreck with someone who has no insurance. Although this coverage is not required by law, it is important to protect yourself from the possibility of being sued by a negligent driver. It’s important to understand that this coverage is only required in case of an accident, and you should obtain it before an accident.
While the law requires most drivers to carry car insurance, Florida has no such requirement. That means that you are required to seek compensation from the other driver’s insurance company. This compensation may include medical costs, pain and suffering, and even damage to your motorcycle. In the case of a motorcycle accident, however, the other driver’s insurance may not cover all of the costs. If you’re injured in a motorcycling accident, you’ll need to seek compensation from his or her insurance company, and uninsured motorist coverage is a great way to do this.
Comprehensive and collision coverages
Motorcycle insurance in Florida consists of several different types of coverage, and collision and comprehensive are the two most common types. Comprehensive insurance provides protection for your bike, passengers, and custom parts, while collision coverage provides coverage for your motorcycle and the other driver. Depending on your policy, collision coverage also includes uninsured motorist coverage, which covers medical bills and lost wages if another driver is at fault for the accident. Uninsured motorist coverage may be an additional cost with a motorcycle insurance policy, so be sure to shop around.
Collision and comprehensive coverages for motorcycle insurance in Florida provide multiple levels of protection and may include roadside assistance. Most Harley-Davidson motorcycles are covered automatically, and touring bikes may be covered for an additional fee. Some motorcycles can also be insured, so make sure to check if your motorcycle is a custom-made one. In addition, motorcycles 25 years and older can be insured. Motorcycles with a V-twin engine and forward-set foot pegs are often covered by collision and comprehensive coverages.
Cost of motorcycle insurance in Florida
When it comes to the cost of motorcycle insurance, Florida is second only to California. While there are more choices, a 1-year policy in Florida can run anywhere from $200 to more than $1,300. The state requires its motorcycle owners to purchase insurance, and it ranks second only to California for the number of registered motorcycles. Generally, liability-only insurance is the most affordable option, and it costs significantly less than comprehensive and collision coverage. Although these aren’t the lowest rates, they do provide more coverage and higher liability limits.
Several factors influence the price of motorcycle insurance. In Florida, the average premium is $400, but this can be as much as $900 if you’re in California. If you’re looking to save money on your insurance, follow these tips. Some insurers offer discounts to those who take certain classes, including a motorcycle safety foundation course. This course takes two days and teaches motorcycle safety. While it may not be cheap, it might save your life if an accident were to happen.