Getting proper insurance on a motorcycle is a smart step for motorcyclists. It provides coverage for theft, collision, and liability, as well as other coverages that bike owners may need, such as comprehensive damage and uninsured motorist coverage.
If you’re looking for the best Michigan motorcycle insurance, here’s some crucial information to help you find the right coverage.
How Much Is Motorcycle Insurance in Michigan?
Motorcycle insurance in Michigan can vary per customer depending on a number of factors including:
- Driving record of the motorcycle owner
- The owner’s age
- The bike’s age (new motorcycles cost more to insure)
- How the driver stores the bike (e.g., if they lock it or if they store it outdoors)
- How often they ride it
- Whether they ride it in urban or rural areas
- The bike’s make and model
- State requirements
In Michigan, minimum liability insurance for motorcycles includes the following coverages:
- $10,000 for property damage due to a road accident
- $20,000 for bodily injury or death in case only one individual was involved in an accident
- $40,000 for bodily injury or death if more people were involved in an accident
You should also know that, if you purchase minimum liability insurance, it may not cover other riders. If you get in an accident with another passenger or someone whom you loaned your bike gets in an accident, they may not be covered by your insurance policy.
Does Medicare Cover Motorcycle Insurance in Michigan?
Medicare covers certain auto accident-related injuries only when a person doesn’t have a no-fault insurance policy. However, it doesn’t cover all medical expenses and requires reimbursement.
Michigan state law doesn’t allow motorcycle owners to purchase a no-fault insurance policy. This is because, under state law, motorcycles are not vehicles that fit the definition of a motor vehicle.
However, you can still get no-fault benefits if you get in an accident that involves a motor vehicle, including wage loss, medical expenses, replacement services, and more. So, Medicare can cover motorcycle insurance in Michigan to a certain extent.
To get those benefits, you have one year to file a claim referred to as a first-party claim. In case another driver causes an accident, leaving you with huge wage loss, and pain and suffering, you have three years to file a lawsuit, that is, a third-party claim.
Find the Best Michigan Motorcycle Insurance at Melton McFadden
Melton McFadden Agency is one of the top insurance agencies in Michigan. We work with you to make sure you know all of your coverage options. We can help you find the right motorcycle insurance policy for your needs.
Whether you’re in Grand Rapids or any other area in Michigan, we can help you get the best coverage you need at the most competitive prices.
If you have any questions regarding our agency or available policies, our customer service agents are here for you. Call us by phone, or contact us online to get a free quote, and our insurance experts who specialize in motorcycle insurance will assist you with whatever you need.