If you think life is better on two wheels than it is on four, you are probably a motorcycle enthusiast. Riders in the Land of 10,000 Lakes have plenty of good reasons to hit the highway on their bikes, not the least of which are the spectacular scenery and endless roadways that wind through the gently rolling hills of the Minnesota countryside. Whether you use your motorcycle for your daily commute or prefer riding it on the occasional road trip, make sure your insurance can hold the line.
Mandatory and Optional Motorcycle Insurance Coverage
At Wheaton Insurance, we specialize in building personalized motorcycle insurance packages for our customers. This includes insurance that meats mandatory state requirements, as well as optional coverage that is designed to protect our clients from financial loss.
Mandatory Motorcycle Insurance Requirements
Riders in Minnesota are required to maintain liability coverage that meets state standards. At a minimum, this includes $10,000 for property damage liability, as well as $30,000 for bodily injury liability per person in a collision. Riders must have at least $60,000 in total bodily injury liability coverage available when two or more people are injured in an accident. We here at Wheaton Insurance recommend purchasing enough liability protection to cover your assets and income in the event you are found at-fault for an accident. Since medical bills, lost wages, rehabilitative care, and court judgments stemming from a collision can total tens or even hundreds of thousands of dollars, you may need to purchase additional coverage to limit your risk exposure in an accident.
In addition, motorcycle riders are also required to carry uninsured and underinsured motorist protection. Despite laws requiring all drivers and riders to have liability insurance, some still remain uninsured. Others lack adequate coverage to fully protect victims in an accident. UM and UIM is available to cover medical claims when an at-fault driver is uninsured or underinsured.
Optional Motorcycle Insurance Coverage
Your motorcycle is an extension of who you are. Chances are you spent a lot of money buying it and even modifying it to fit your preferences. Protect it with collision insurance that pays for repairs or replacement of your bike if you are at-fault for a collision. You can choose to ensure your bike for its actual cash value, which accounts for depreciation, or you can insure it for its replacement value. The same principle applies to comprehensive insurance, which pays for damages and losses related to a non-accident claim. With both collision and comprehensive insurance a part of your motorcycle insurance package, you can be confident that you are covered against nearly anything that may come your way, from theft and vandalism to a major accident.
Be sure to ask your agent about additional coverage options, such as insurance for your accessories, after-market parts protection, roadside assistance, and more.
Motorcycle Insurance: An Exception in a No-Fault State
Minnesota is considered a no-fault state for most motorists. By definition, this means that a driver’s own auto insurance company will pay for his or her medical expenses after an accident. However, these rules do not apply to motorcycle riders, who are not required to purchase personal injury protection (PIP). That does not mean PIP might not be a good idea, though. After all, it can provide peace of mind knowing that your medical expenses, lost wages, and rehabilitative expenses are covered after an accident, regardless of who is at fault.
Motorcycle Insurance Quotes in Forest Lake, MN
If you are in search of motorcycle insurance in Forest Lake or the surrounding areas, let Wheaton Insurance help you build a motorcycle insurance package that fits your needs. Contact us today to request your free quote. We will go to work to find a policy that provides the coverage you need at a price you can afford. We look forward to serving you soon.