Attention all veteran road warriors and motorcycle newbies, as the weather starts to warm up and dries out, you’ll be wanting to get out on the open road more and more. Maybe you use your motorcycle to get to work or maybe you belong to a club that takes long weekend ride, no matter how much or how little you use your motorcycle, you need to carry at least liability insurance by law in Oklahoma. Wondering how much motorcycle insurance coverage you actually need? Let us break it down for you.
Oklahoma state law requires a minimum liability policy that covers $10,000 in bodily harm per person (up to $20,000 per accident) and $10,000 in property damage. Now, this is liability only so it pays the other party when you are at fault for an accident. If you want to also protect your investment and your own potential medical costs then you’ll want additional coverage. Collision coverage will cover your expenses after an accident while comprehensive expands your coverage to include other types of damage and theft. If you own a new or expensive bike then you’ll want to make sure you have adequate coverage.
We urge you to drive carefully and always wear your helmet when driving or riding as a passenger on a motorcycle. According to the Motorcycle Legal Foundation, “There are 8.4 million motorcycles registered in the United States representing only 3 percent of the total number of registered motor vehicles, but motorcycle riders are 29 times more likely to be killed in a collision than are the occupants of other types of vehicles.”
If you want to store your bike for the winner, most insurance companies offer a lay-up period with cheaper rates for the winter when you will not be operating your motorcycle. You will still be covered for storage damage and theft. Keep in mind that you are not legally covered to take your bike on the road during the lay-up period and could be subject to fines, loss of license and financial obligations in the event of an accident.
Contact us for a Tulsa motorcycle insurance quote.