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The Complete Guide to Michigan Motorcycle Insurance

The Complete Guide to Michigan Motorcycle Insurance

If you own a motorcycle in the state of Michigan, you are required by law to carry a certain minimum amount of insurance on your bike.  Michigan motorcycle insurance laws are the same as car laws as far as the minimum amount that you need to carry in order to to legally on the street.  Your Michigan motorcycle insurance policy absolutely must meet these standards, but there are also other types of coverage as well as increases in coverage levels to consider in order to ensure that you are protected as well as you possibly can be.

The minimum liability coverage that your Michigan motorcycle insurance policy must offer is $20,00 per person for bodily injury, $40,000 per incident for the same coverage, and $10,000 for property damage.  You are also required to carry Personal Injury Protection to pay for your medical bills in case of an accident, and Property Protection insurance to pay for damage to other people’s property in an accident.  These are the coverages that the law requires you to have, but it does not mean they are the only coverages you need.

Michigan is a no-fault insurance state, which is a type of insurance program that is often misunderstood.  In a no-fault system, your Michigan motorcycle insurance policy handles payments for damages and injuries no matter who is at fault in the accident.  It does not mean that no one will be found at fault, or that there will not be consequences for being found at fault.  Furthermore, the basic Michigan motorcycle insurance policy will not provide any coverage for damage to your motorcycle if you are found to be at fault in the accident – only when you are not at fault.  You therefore need to carry additional coverage to protect your motorcycle.

There are two coverages you should add to your Michigan motorcycle insurance policy if you want to be sure your motorcycle will be repaired or replaced in an accident where you are at fault or if it is stolen or vandalized.  These are comprehensive, which covers anything other than an actual accident, and collision, which covers accident damage.  If you have a loan on your motorcycle, your lender will likely require that you carry both of these coverages on your Michigan motorcycle insurance policy.

You should also consider increasing the liability limits on your Michigan motorcycle insurance policy to better protect yourself in case where you are found to be negligent.  The basic limits on your policy may run out fast in case of a serious accident, and you could find yourself responsible for the rest of the financial burden.  This can quickly rise into the thousands.  

There are a number of other optional coverages you can consider adding to your Michigan motorcycle insurance policy, such as uninsured motorists coverage.  You should discuss this and all of the optional coverages with your insurance agent.  This way, you can be certain that your Michigan motorcycle insurance policy is protecting you and your bike properly every time you hit the road.

Photo courtesy of f650biker.

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