Motorcycle Insurance Coverage

Motorcycle Insurance Coverage

Arizona Department of Transportation data for 2017 shows that there were 127,064 vehicle crashes throughout the state. These collisions led to over 1,000 fatalities and 55,000 injuries. Motorcycles accidents led to roughly 161 deaths and over 2,400 injuries. Many factors contribute to collisions and how severe they are including speed, alcohol consumption, seat belt usage and distractions. All states have liability insurance requirements for motorists. To register a vehicle in Arizona, there is a requirement to show evidence of financial responsibility coverage. Those seeking motorcycle insurance should understand the required and optional coverages available and the factors that influence the price of premiums.

Motorcycle Risks

Motorcyclists are at a greater risk of incurring life-altering injuries or being killed in collisions. This is attributed largely to vulnerability and exposure that these riders have. Helmet use is one key factor that influences the severity of accident injuries. Roughly 20 states have laws requiring riders to wear helmets. Arizona has no such requirement except for those under the age of 18. The state requires that motorcycle riders wear protective eye glasses or a face shield on bikes not equipped with a windshield.

Minimum Motorcycle Insurance Requirements in Arizona

The mandatory minimums for motorcycle operators are the same as those with passenger vehicles. These requirements are $15,000 in bodily injury coverage per person and $30,000 per accident. Property damage coverage of $10,000 or more is also necessary.

Types of Motorcycle Insurance

Bodily Injury: Pays for injuries that you are liable for due to being at-fault in an accident. It does not provide coverage for injuries that you incur.

Property Damage: Property damage liability coverage is intended for vehicles or other property that is damaged that you are liable for.

Collision: Collision insurance will pay for the repair or replacement of your motorcycle from a crash involving another vehicle or object. This applies even if you are determined to be at-fault.

Comprehensive: This type of coverage pays for damages such as those that result from storms, fire, vandalism or theft. The majority of comprehensive and collision insurance policies have a deductible. The deductible amount is a total that the insured must pay prior to the insurer paying any remaining costs. For example: Your bike has sustained $1,000 in damage. If your deductible was $500, the insured is responsible for paying $500 and then, the insurance will cover the remaining balance.

Uninsured & Underinsured Motorist: These are additional types of coverage options for Arizona motorists. Uninsured motorist protection pays for damages resulting from an accident with a motorist that does not have liability insurance. In accidents where there are severe damages, underinsured motorist coverage may apply. This coverage is used when the responsible party’s amount of liability coverage is not sufficient to cover the full costs of the damage.

Medical Payments: This is often referred to as “med payment” coverage. It pays for costs including medical bills, funeral costs and sometimes, lost wages that result from an accident. Those with health insurance often rely on coverage from that policy instead of med payment. Unless the terms of the policy state otherwise, this will also cover any passengers.

Guest Passenger Liability: Unlike typical passenger vehicle insurance, motorcycle insurance may or may not include liability coverage for passengers. You should review the terms of the policy and add optional guest or passenger coverage as needed. Keep in mind the state requires that passengers have a seat and footrests.

What Factors Influence Rates?

  • There are a number of factors that insurance companies consider that impact rates such as:Younger people tend to exhibit riskier behavior and typically have higher rates.
  • The type of motorcycle being covered is likely to influence rates, as sport or racing bikes are likely have higher premiums.
  • Your past driving record and your claims history are generally considered.
  • Where you live may factor in. If you live in a busy urban area with higher accident rates or there is a high rate of theft in the area, you may have a higher premium.
  • If you have collision coverage and/or comprehensive coverage, the cost of repairing or replacing your bike will impact premiums.
  • Your credit score is commonly considered, as those with lower scores tend to file more claims.

Motorcycle Insurance Covering Theft

In 2017, there were roughly 44,268 motorcycles stolen in the United States. Of those stolen, nearly 42% of the bikes were recovered. Arizona ranks 11th overall in the U.S. in the number of motorcycle thefts. Phoenix is a region of high theft rates with 337 last year. Theft is most common in the summer months and Honda is the most commonly stolen brand.

Potential Discounts

Those who complete a motorcycle training or safety course may qualify for a discount. Those who have other types of insurance or multiple motorcycles covered with the same company are likely to see a reduction. Discount incentives are often available for those who switch from a competitor.

Motorcycle Coverage When Traveling Outside the U.S.

The majority of motorcycle insurance policies issued in Arizona extend coverage when traveling into Canada. Many policies do not provide coverage for traveling in Mexico. According to Mexican law, visitors should purchase a separate policy for liability.

Source of Motorcycle Insurance in Casa Grande

At Gebhardt Insurance Group, we provide excellent options for motorcycle insurance. Our agents will take the time to find you a policy that covers your specific needs at a highly competitive price. Discounts are available for those who bundle other forms of insurance with their motorcycle policy. Contact our office today at (520) 836-3244 for a motorcycle insurance quote!

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Steve Gebhardt

Gebhardt Insurance Group was honored by AAA Insurance for being the top New Policy Agency in Arizona for 2013 and achieving the "Emerald Achievement Award."
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