At Levay Mack Insurance Group, one of the most commonly asked questions we hear is, “Do I need motorcycle insurance in Florida?” The quick answer is that Florida laws don’t require bikers to purchase insurance to ride. However, penalties can be imposed on those who do not carry insurance following a crash. Therefore, while motorcycle insurance may not be required, it is worth considering. Read on to learn more about why motorcycle insurance is essential for Florida motorcycle owners and how you can go about purchasing the right policy.
Do You Need Insurance to Register a Motorcycle in Florida?
In the state of Florida, it is not required by law to have insurance to register a motorcycle. However, it is important to note that Florida is a no-fault state regarding car accidents; regardless of who is at fault for the accident, each driver is responsible for covering their own medical expenses and damages to their vehicle. Without insurance, a motorcyclist could potentially face significant financial burdens in the event of an accident. For those reasons alone, it is highly recommended that motorcyclists obtain insurance to protect themselves and their assets.
Penalties for Not Having Motorcycle Insurance in Florida
Uninsured motorcyclists may be held liable for all damages and injuries caused in an accident, leaving them open to potential lawsuits and financial ruin. Additionally, those caught without insurance following an accident may face fines, the suspension or revocation of their driver’s license, and even impoundment of their motorcycle. With so much at stake, adequate insurance coverage is a wise investment before hitting the open road.
Minimum Motorcycle Coverages to Consider
At a minimum, it is wise for motorcycle drivers in Florida to carry a liability insurance policy that covers bodily injury and property damage. In the event of an accident, liability insurance can help protect the driver from financial responsibility for any injuries or damages they may have caused. Additionally, uninsured motorist coverage can be beneficial in a hit-and-run or other accident with an uninsured driver.
Motorcyclists in Florida should consider carrying at least $10,000 in medical coverage and $10,000 in property damage liability coverage. However, many riders opt for additional coverage to protect themselves and their bikes.
How Much Does Motorcycle Insurance Cost in Florida?
On average, motorcycle insurance in Florida can cost between $200 to $1,000 per year, depending on various factors such as the type of motorcycle you own, your age and driving history, and the level of coverage you opt for. However, by shopping around and comparing quotes from multiple insurance providers, you can find the coverage that meets your needs at a price you can afford.
How to Save on Motorcycle Insurance
Motorcycle insurance is a wise investment for any rider, but it doesn’t have to break the bank. With a few smart tips, you can save money while getting the necessary coverage. First, consider bundling your motorcycle insurance with other policies you have, like your auto insurance or homeowner’s insurance, as this can often result in a discount. You can also look for companies that offer safe driver discounts or discounts for completing a motorcycle safety course. Additionally, increasing your deductible or opting for a lower coverage limit can result in lower monthly premiums. Finally, remember to shop around and compare policies from different insurance providers, as prices can vary greatly.
By following the tips above, you can save money on motorcycle insurance without sacrificing essential coverage.
Levay Mack Has Your Motorcycle Covered
So, should Florida motorcycle owners purchase an insurance policy? In summary, while motorcycle insurance isn’t required by law in FL, it’s still wise to invest in a policy that protects you and your bike in the event of an accident.
And remember, if you’re looking for a new motorcycle insurance policy in South Florida, Levay Mack Insurance Group is here to help. Here, our goal is to provide you with a thorough understanding of what protection you are purchasing and the peace of mind that comes from protecting your assets. Whether you just purchased your first motorcycle or are an enthusiast with classic or vintage bikes, our agents are always here to help you find the best motorcycle coverage for the best price.
To learn more about our policy options, visit us at one of our three convenient locations, or contact us online for a free insurance quote. Once again, thank you for visiting our blog, and we hope to help you soon!