Motorcycle Vs. Auto Insurance: What You Need To Know


Different Modes Of Transportation Mean Different Insurance Costs

Choosing between a motorcycle and a car isn’t as easy a choice as it may seem. The two modes of transportation are completely different, and often times, it comes down to price tag. Now, those on a budget might think that the best way to get the most for your money is to purchase a high MPG motorcycle, but that isn’t necessarily true. In fact, the insurance for a motorcycle can be more because of the risk associated with driving one. Motorcycles are also easier to steal than regular cars, and that is reflected in the insurance price tag. On the other hand, owning a car is no walk in the park either. Cars use more gas and can cost more to repair in the event of a total loss. Insurance-wise, owning a car is probably a bit cheaper, but the total costs might be more. The differences between auto and motorcycle insurance don’t stop there. Here are the major differences between motorcycle and auto insurance, and why they are important.

Cars Get All The Discounts

As any car insurance commercial will tell you, there are a lot of discounts available for cars. These discounts can include, but are not limited to:
  • Car parts: discounts are available for having antilock braking systems, airbags, and collision prevention technology
  • Good grades: if you or your son or daughter go to school, good grades can lead to savings
  • Organization affiliations: Belonging to a credit union, military, or a college’s alumni association can bring down your rates
If you drive a motorcycle, however, many of these discounts are not available. Sure, you can have a discount for owning a motorcycle with an antilock braking system, but fewer discounts exist for other, less important reasons.

No-Fault? No Problem For Motorcycles

In some states, auto insurers are required to offer what’s called a no-fault policy. This type of policy covers the losses from an accident, even if you are at fault. Motorcycles are almost always excluded from these policies because of the high stakes associated with motorcycle accidents (heavy injury or death). On the other hand, motorcyclists with full coverage bypass this policy because most of these plans specify that the motorcyclist and his or her family are covered in the event of an injury or death.

Motorcycles Have Room For Adjustment

Most people that drive a car drive it every day of the week. Motorcyclists, on the other hand, often have another mode of transportation that they rely on. In fact, many motorcyclists are “weekend warriors,” meaning that they only ride their motorcycles on a weekend. Other motorcyclists are unable to ride year round because of weather conditions which could permanently damage all or part of the motorcycle. For these motorcyclists, many insurance companies offer adjustable coverage, meaning that they only pay for the insurance on the days or times of the year that they will be riding. Cars do not have this option. There’s no denying that motorcycles and cars are two very different methods of transportation. It shouldn’t come as a surprise, then, that the insurance coverage needed for each is very different. Depending on the type of car or motorcycle you have and the level of coverage you want, your insurance could be greatly affected.
Date of original publication:
Updated on: November 10, 2015

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