Motorcycle Insurance

In a no-fault insurance state, you are required to have a Personal Injury Protection (PIP) on your policy. This law applies to vehicles, but it does not apply to accidents while you are riding your motorcycle. To legally ride a motorcycle in the state of Minnesota, you will need to purchase a separate policy.

How Much Insurance Must Riders Carry?

In states like Minnesota, you are required to have $30,000/$60,000 for bodily injury, and at least $10,000 for property damage liability.

If you want additional coverage, you can purchase a policy that will cover up to $50,000 for the bike and the custom parts. You can also add $30,000 to cover the trailer attachments. The level of insurance that you buy is up to you, but you must carry at least the state minimum to ride your motorcycle regularly.

What Do I Need For Insurance if I Have a Loan On My Bike?

If you are paying off your bike loan, the lender will require you to carry both collision and comprehensive insurance. If you cause an accident, the insurance would cover the other vehicle and your bike. Lenders require this level of protection because it will cover the cost of the bike if it is totaled, and it protects the bank because they are guaranteed to get their money back.

What Happens If I Get Caught Riding Without Insurance?

Getting caught riding without insurance is a very serious offense. It is a misdemeanor, but the punishments can be harsh.

• First and second offense: For your first and second offense, you would be charged a fine of $200 to $1,000. If you don't have the money, you can ask the court for community service in lieu of the fine. Your license and registration will be suspended for 30 days. When you can get your insurance back, you will need to pay a $30 reinstatement fee and take out SR-22 insurance, which can be expensive.
• Third offense: If you are caught three or more times driving without insurance, you will be fined $300 to $3,000. If you cannot afford the fine, you can ask the judge to do community service and serve up to 90 days in jail instead. Your license and registration will be suspended for up to a year. When you can get your license and registration back, you will need to pay a $30 reinstatement fee and take out SR-22 insurance.

If you just purchased a motorcycle, contact Brothers Wood Agency. We can help you purchase a motorcycle insurance policy based on the level of coverage that you want. To get your policy started, contact us today.

While our offices are located in Savage, MN and Fort Mill, SC, we do commercial insurance business nationwide and offer personal insurance business in MN, SC, NC, WI, NM, TX and FL.