Indiana motorcycle insurance policies are necessary to protect riders from the detrimental financial consequences of an accident. Insurance for motorcycle riders is not just for personal protection, state law requires all riders to maintain coverage. A failure to obtain motorcycle insurance may result in penalties from the Indiana Bureau of Motor Vehicles (BMV). Many insurance companies offer policies, making it fairly easy for you to find a plan that fits your budget. You can save money by comparing motorcycle insurance quotes. Online motorcycle insurance quote websites and services make getting a quote very convenient.
Indiana Motorcycle Insurance Requirements
Indiana motorcycle insurance coverage minimum requirements for liability insurance are as follows:
- $25,000 bodily injury for one person in one accident
- $50,000 bodily injury insurance coverage total in any one accident for more than one person
- $10,000 in property damage liability coverage
This type of insurance for motorcycles is often referred to as a 25/50/10 plan. These levels of motorcycle insurance are the minimum requirements. Riders can, and may be encouraged to, seek out coverage that exceeds the minimum requirements, such as full coverage motorcycle insurance, to ensure they are well-covered in the event of a collision.
If your motorcycle insurance policy lapses or is cancelled for whatever reason, you may face a suspension of your driving privileges and/or registration. For the first offense for lapsed insurance for motorcycles, you will receive a 90-day suspension. For any ensuing motorcycle insurance lapses within a three-year period, the suspension may be up to one year. There are fees associated with reinstating a motorcycle license as well. Motorcycle insurance in Indiana does not require riders over the age of 18 to wear a helmet or protective eyewear, however, the use of protective gear for riders younger than 18 years of age is compulsory.
Why get motorcycle insurance in Indiana?
Obtaining motorcycle insurance is wise for a variety of reasons. For one, you must carry motorcycle insurance as a matter of law. All Indiana motorists must provide proof of financial responsibility, demonstrating that they have the minimum requirements for motorcycle insurance liability coverage. Motorcycle insurance coverage is not limited to conventional two-wheeled motorcycles. Three-wheeled vehicles, motor scooters and even some mopeds require IN motorcycle insurance according to state law. If you are pulled over for any reason, the validity of your policy can be verified easily through the BMV database. If you do not maintain motorcycle coverage, you may face fines and/or suspensions. Failure to obtain motorbike insurance may also inhibit you from registering your motorcycle or accessing other BMV services.
How to Get Motorcycle Insurance in Indiana
When it comes to selecting motorcycle insurance policies, motorcycle riders are encouraged to shop around for coverage and to compare rates from different providers. Choosing the best motorcycle insurance or cheap motorcycle insurance may depend on various factors such as your financial situation and the value of your motorcycle. Riders may ask “How much is motorcycle insurance?” Indiana motorcycle insurance cost can vary greatly and depends upon a variety of factors. Agents who provide motorcycle insurance quotes will determine your eligibility as well as your premium rate and any discounts to which you may be entitled. The rate you are quoted will depend upon factors such as your age, the type of bike you have, your driving record and where you live. Other factors that can affect your motorcycle insurance rates include such things as your credit score and whether you have a secure place in which to store your motorcycle. Even the particular safety features and any driving education courses you take can lower your premium. Get affordable motorcycle insurance quotes here.
Riders can get motorcycle insurance online making it easier than ever to obtain coverage. Those seeking to purchase coverage can research various IN motorcycle insurance companies to comparison shop and figure out which company can best meet their needs. Once you determine the level of coverage you desire and the company whose quote is most suitable to your budget, then you will need to provide the following information:
- Name, address and other contact information
- Your driver’s license and Social Security Number
- The motorcycle’s VIN
- Any safety features your motorcycle has
- Where the motorcycle will be kept and how you intend to use it