Types of Motorcycle Insurance
At minimum, motorcycle insurance in New Jersey must include the following basic or standard liability coverage:
- Basic Liability Coverage
- $10,000 coverage for injury/death to more than one person
- $5,000 coverage for property damages
- Standard Liability Coverage
- $15,000 coverage for injury/death to one person
- $30,000 coverage for injury/death to more than one person
- $5,000 coverage for property damage
This coverage protects you up to the policy limits for an accident you cause that damages another person's property. It also covers personal injuries or deaths of third parties as a result of your negligence.
These minimum policies will not cover the following expenses, which is where adding additional coverage may be necessary.
- Collision Insurance: Covers getting your motorcycle repaired or replaced if it is damaged or totaled in an accident.
- Umbrella/Additional Liability Insurance: Increases your liability coverage beyond the minimum outlined in your current policy.
- Comprehensive Insurance: Covers your motorcycle for other perils, such as theft of vandalism.
- Medical Payments: Covers medical expenses or burial costs that you incur as a result of an accident.
- Uninsured/Underinsured Motorist Insurance: Covers your injuries or damage to your motorcycle if you are involved in an accident with another driver who has no insurance or who is underinsured.
- Accessories Insurance: Covers customized upgrades made to your bike after purchase.
Choosing the level of coverage that offers you the right amount of protection starts with talking to a New Jersey Trusted Choice independent insurance agent. They review all your options and needs and help you select a plan from multiple motorcycle insurance companies, so you can select a policy with confidence.
Top Insurance Companies That Support Independent Agents in New Jersey
There are currently 485 independent insurance agents in New Jersey who are ready to help. These agents can save you time and money by helping you find competitively priced coverage that is well-suited to meet your business’s specific coverage needs. Talk to an insurance agent near you to learn more and to start comparing customized business insurance quotes.
