Motorcycle insurance is necessary in various scenarios to ensure legal compliance and protect yourself financially. Here’s when you typically need motorcycle insurance:
1. With a Learner’s Permit:
- If your state requires motorcycle insurance to obtain a learner’s permit, you’ll need coverage while you have the permit.
- In most cases, states require liability coverage for permit holders.
2. Buying and Financing a Motorcycle:
- Similar to car insurance, if you finance a motorcycle through a loan, insurance is necessary to safeguard the lender’s investment.
3. Registering Your Motorcycle:
- Many states demand proof of insurance before allowing motorcycle registration.
- Unregistered motorcycles are usually not permitted on public roads.
4. State Requirements:
- In 46 states, motorcycle insurance is mandatory.
- Florida, New Hampshire, Washington, and Montana are exceptions, but uninsured riders in neighboring states could face legal consequences.
5. Mopeds and Scooters:
- Around 24 states require insurance for mopeds and scooters.
- Motorcycles and fast scooters generally necessitate insurance, while slower scooters may not. Your agent can clarify suitable coverage.
6. Storage Periods:
- Keeping your motorcycle insurance active during storage is wise.
- Continuous coverage helps maintain an insurance history and ensures you’re protected if you take an unexpected ride or encounter storage-related damage.
Remember that motorcycle insurance serves not only as a legal requirement but also as a crucial means of financial protection in case of accidents, theft, or damage. Consulting with a insure agent can help you determine the appropriate coverage for your motorcycle and specific situation.