If you have an automobile, you must have accompanying insurance for it. But is it a requirement to have motorcycle insurance? You may find it surprising that while the vast majority of states do require riders to have their motorcycles insured, Florida does not.
The average auto insurance policy requires around $10,000 for personal injury protection (PIP) insurance and another $10,000 for property damage liability coverage for both no-fault and at-fault situations.
However, motorcycles are not technically automobiles because they don’t have four wheels, which makes their insurance coverage requirements different and unable to be included under the same policy as your automobile.
While motorcycle coverage may not be a Florida requirement, there are a few details in the fine print when it comes to insuring a motorcycle. Even though almost all states require it, they do not all require the same amount of coverage, including bodily injury and property damage liability.
When Motorcycle Insurance is Required in Florida
There are two specific exceptions when motorcycle insurance is required in Florida. The first is if you have been in a crash and charged with any involvement of injuries or certain violations. And the other exception is if you choose not to wear a helmet when riding.
In these instances, or if you voluntarily opt to purchase motorcycle insurance, although motorcyclists are ineligible for PIP insurance, there are a few coverage requirements, including:
- $10,000 bodily injury liability coverage per person
- $20,000 bodily injury liability coverage per accident
- $10,000 property damage liability insurance.
- $10,000 medical payments coverage
Benefits of Having Motorcycle Coverage
Without motorcycle insurance, you are vulnerable to being sued for damages or injuries. Even though it is not required in Florida, having some form of motorcycle insurance is highly beneficial because it can shield you from financial devastation in the event of an accident–whether you are at fault or not.
Looking to Get Motorcycle Insurance?
The road can be an unpredictable journey from point A to point B, and most auto insurance companies tend to also offer some form of motorcycle coverage.
However, choosing the best policy for your specific needs and budget can be challenging. At GreatFlorida Insurance, we will help narrow down your options so you can make the best decision possible for you. Contact us today to get started.