Is Motorcycle Insurance Required in Texas?

You are excited to jump on your new motorcycle and head down the highway but before you do, there is one thing you need first: motorcycle insurance. The agents at the Allegiance Insurance Agency in Richardson, TX are highlighting the importance of insurance coverage for your motorcycle.

In Texas, motorcycle insurance is a requirement. All drivers, including motorcyclists, need to have at least a minimum liability insurance policy in place to cover both bodily injuries as well as property damage that is caused by an accident.

Even if you have the minimum coverage in place, there are other motorcycle insurance options you should be aware of that will provide you and your bike with more coverage in the event that a catastrophe occurs.

Underinsured or Uninsured Coverage

This type of motorcycle insurance offers you protection if you are involved in an accident with someone who is underinsured or does not have an auto or motorcycle insurance policy in place at all.

Comprehensive Motorcycle Insurance

If you borrowed money from a bank or other lender to purchase your motorcycle, you will probably be required to obtain comprehensive motorcycle insurance coverage. Most lenders will want you to have both collision and comprehensive coverage on your bike to ensure that your it is protected in the event of a fire, fire, vandalism, or natural disasters, such as a tornado or ice storm. This type of coverage will also help pay to have your bike replaced if it is stolen.

Collision Motorcycle Insurance

Collision motorcycle insurance coverage will pay for any damages to your bike if you are involved in a collision with another vehicle or an object of some sort. For example, if you hit a guardrail with your bike, this part of your motorcycle insurance policy will cover the repairs or replacement of your bike as well as any damages to the guardrail.

To get your policy started, contact the motorcycle insurance agents at the Allegiance Insurance Agency in Richardson, TX today!