Motorcycle Insurance in Michigan
Motorcycle laws vary from state to state. If you are shopping for motorcycle insurance in Michigan, you need to know the minimum insurance requirements. Failure to carry the right amount of motorcycle insurance in Michigan can result in huge fines and possibly the loss of your driver’s license.
Even though the cost of insurance is steadily rising you really cannot afford to be without it. The state of Michigan requires you to have the required insurance in the event of an accident. In the event that you have an accident and you don’t have insurance you could be fined or you risk the loss of your driver’s license. In the case of a fatality you could risk imprisonment.
The state of Michigan requires motorcyclist to carry at least $20,000 of bodily injury coverage with at least $40,000 of coverage for all people injured in one accident. You must also carry at least $10,000 of property damage coverage.
You can also purchase optional insurance coverage. It is extra cost but it will cover your medical expenses and your passenger’s medical expenses, as well as a possible loss of income. Michigan is a no-fault state. This means that an injured person cannot sue you for pain and suffering unless the injury results in death or serious impairment.
You may purchase uninsured motorist insurance or under insured motorist insurance but the state of Michigan doesn’t have a law requiring this. However the cost of this additional insurance is usually minimal, and well worth having in the event that an uninsured motorist causes an accident that damages you or your property.
There are special rules for motorcycle insurance in Michigan. The insurance companies must offer motorcycle owners the option of first-party benefits. These benefits can be in increments of $5,000.
