The laws related to motorcycle insurance have been a cause of confusion for many motorcycle owners. Many motorcycle owners mistakenly assume that their automobile insurance will cover them when they are on their motorcycle or may think that if they are hit by a motorist, then that motorist’s insurance will be enough to cover the damages. This is not correct. In worse cases, others assume they do not need any insurance coverage when riding a motorcycle.
Florida drivers are familiar with the PIP coverage for automobile insurance (or at least, they should be). This is the minimum state requirement for vehicle insurance in Florida. Personal Injury Protection (PIP) coverage will pay for a motorist’s medical expenses and lost wages from jobs that were missed because of injury, regardless of who was at fault in the accident.
The state minimum requirement for Florida drivers also applies to motorcyclists with a slight modification—$10,000 for single-person bodily insurance coverage or $20,000 for two or more people.
In 2020, statistics revealed that per vehicle mile traveled, motorcyclists were 4 times more likely to be injured in an accident than car passengers. So, skipping out on PIP insurance coverage can put you at risk of financial loss if you are injured in an accident while riding your motorcycle.
Aside from the major expenditures for medical treatment if injured while on your motorcycle, if you were to damage another person’s property in an accident, then you could be facing higher out-of-pocket costs if you do not carry property damage liability insurance. You could also be facing additional fines or penalties from the state for not carrying the minimum coverage of $10,000 per crash for property damage liability that is required of Florida motorcyclists.
Just making sure that you are protected if you are in an accident while on your motorcycle is not enough. Sadly, there are several drivers out there who have little respect for the law and do not purchase the mandatory, minimum personal injury protection coverage. Unfortunately, if you are hit by one of these reckless and irresponsible drivers, then you will be left to take care of the financial burden of the medical expenses and replacing your damaged property (e.g., your motorcycle). Having uninsured motorist coverage, although not a requirement, will protect you against such drivers.
Even if the other motorist is insured, there is no guarantee that their coverage levels will be enough to cover all your bills. Carrying additional coverage by yourself is the best way to make sure that you can pay your medical expenses if you get injured on your bike.
If you are unsure about what coverages are required in Florida for motorcycle insurance or which coverage options would suit you best for your motorcycle insurance policy, speak with a licensed and independent insurance agent.