MOTORCYCLE – IDIANA
Motorcycle Insurance In Indiana
- Motorcycle Insurance In Indiana
- Motorcycle Insurance in Indiana: State Requirements
- How Do You Get Motorcycle Insurance In Indiana?
- Motorcycle Insurance Discounts In Indiana
- Motorcycle Insurance Rates In Indiana
- Motorcycle Laws in Indiana
- Rating Factors for Motorcycle insurance in Indiana
- Cost for motorcycle insurance Full coverage in Indiana
- Motorcycle Insurance in Indiana: Frequently Asked Questions
Motorcycle Insurance in Indiana: State Requirements
For motorcycle insurance in Indiana, the liability limits are 25/50/10.
Liability covers you if you cause an accident, the limits listed below is the amount insurance will pay out to the other party:
The first number 25 is for $25,000 per person in an accident in the event of injury
The second number 50 is $50,000 per accident (it will cover for more than 1 person in the event of injury)
The final number 10 is $10,000 for property damage.
How Do You Get Motorcycle Insurance In Indiana?
Are you looking to get some motorcycle insurance in Indiana? Before you do, there are some steps you have to accomplish first:
- Complete a written exam of knowledge:You can go to an Indiana BMV location and do this to get a motorcycle permit.
- Pass a skills exam at a training location. After those steps, you can go to the BMV with your stamped and signed motorcycle permit!
This may not always be a quick and easy process. Some people say that the online course can take about 3 hours, but then there is a classroom portion that you will have to complete as well.
Motorcycle Insurance Discounts In Indiana
Everyone loves and wants those discounts on their auto and home insurance! Well what about your motorcycle insurance?! Yes! Even your motorcycle insurance can get some discounts on it.
What kind of discounts?
Well just to name a few… years of riding experience, approved safety course, association membership, responsible driver, paperless, and even a garage or locked storage discount.
There are a few other discounts, give us a call to see what others one you may qualify for!
Motorcycle Insurance Rates In Indiana
Each state is different as far as required coverages and rates are unique to each state and zip code.
What that means is you and your best friend can live in Indiana and have the same motorcycle and the same coverages and be the same age and can be paying different prices because you live in different zip codes.
If you would like to see how much motorcycle insurance in Indiana could cost you, give us a call and we can run you a free quote. It is fast and easy and we can break down all the coverages for you. We can even see what kind of discounts that you may be eligible for.
Coverage options for motorcycle insurance in Indiana
When you have a motorcycle, you want to make sure that when you’re riding you are very careful!
But, accidents do happen and when they do you want to make sure you are covered as much as possible.
There are a few coverages that you are going to want to consider having for your motorcycle insurance in Indiana.
- You need to consider liability insurance…this is going to cover you if you are found at fault for an accident. And it’s required by law.
- Consider uninsured/underinsured coverage-you don’t ever want to get hit by someone who doesn’t carry insurance or enough insurance and you have to pay out of pocket for it all.
- Think about getting collision coverage, this might be required by your lender if you are financing the bike.
- Do you want to add medical payments? This comes in handy if you don’t have enough health insurance or don’t have any at all, and you are injured.
Motorcycle Laws in Indiana
Motorcycles are all fun and games, right? Not exactly…not when you realize all of the rules you must follow.
Comparatively, Indiana has a more lenient helmet law than other states. While most states require ALL riders to wear helmets, Indiana only requires riders under the age of 18 or permit holders to to wear one.
Another law to be familiar with is the Biker Training law. In order to ride you have to be at least 16 ½ years old and hold a motorcycle endorsement on your driver’s license. This requires you to have completed a safety course and a written and skills test. Riders must also complete a vision test.
All motorcyclists must have a valid license or permit to ride on the roads. If you are pulled over and caught riding without those, you can be fined up to $500.00.
As far as traffic laws, motorcyclists in Indiana are permitted full use of all lanes on the roads but must follow the regular traffic laws. One unique law to motorcyclists, is that they need to have headlights on even during the day.
Rating Factors for Motorcycle insurance in Indiana
Just as with auto insurance, there are a number of things that can affect your motorcycle insurance in Indiana. Some of the most common rating factors for Motorcycle Insurance in Indiana are…
where you live(your location of where your bike is and where you ride).
Your age and your riding history (you can get discounts for your riding experience so that’s a plus).
Your coverage selections
The kind of bike and what enhancements it has on it.
The year and mileage of your motorcycle. The newer your motorcycle is, the more coverage you may want to have on it to protect it, and your lender may require you to have more coverage on it.
Your mileage and use of your vehicle can have an affect on the rates as well. For instance, will you be using it every day for commuting or just pleasure on the weekends. Some of the questions on the quote portion will ask you if you plan on using the bike for any off road use, this can also affect if they allow that.
These are just a few rating factors however, so give us a call and we can go over a free quote with you.
|Motorcycle Insurance Rating Factors|
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|Type of bike (engine size)|
Cost for motorcycle insurance Full coverage in Indiana
If you are wanting the most coverage on your motorcycle, then full coverage is your best option for motorcycle insurance in Indiana.
So how much does it cost?
Well, the average cost for motorcycle insurance in Indiana for full coverage is around $162-$224 a year. Those prices are going to depend on what deductible you choose for your comprehensive and collision deductibles.
(Insert infographic of deductible explanation)
It will also depend on which company you choose to go with. Each company can have different rates. Just some examples… Dairyland and Progressive for full coverage starts around $267 for a yearly premium, while Nationwide shoots up to $658 for a yearly premium. In the middle range is Geico starting around $330 for a year.
Coverages are a factor to keep in mind, as well as your driving history and the kind of bike you have. Feel free to give us a call to run you a free quote.
Motorcycle Insurance in Indiana: Frequently Asked Questions
How much is Insurance for a Motorcycle?
Depending on the type of coverage desired (liability or full coverage), the driver, and the type of bike, rates will vary greatly.
Are Motorcycles Cheaper to Insure?
Motorcycles can potentially be cheaper to insure than a vehicle. This is because they are worth less than an automobile. However, rates still vary because the risk of injury on a motorcycle…is higher than when driving a car.
How much does Is Motorcycle Insurance worth it?
Not only is it worth it…but it is required. Whether you are financing a Motorcycle or own it outright, you need to carry some form of insurance.
Is motorcycle insurance required?
Yes motorcycle insurance is required in Indiana. Riders must carry at least the state minimum liability limits.
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Last Updated on by Treasure Coleman