Delaware Motorcycle Insurance (QUOTES, COST & COVERAGE)

What Does Delaware Motorcycle Insurance Cover?

While there are many optional coverages available, the main parts of a Delaware motorcycle insurance policy are:

Liability: Liability insurance is used to cover damage caused by a rider to another vehicle, motorcycle, individual, or property when the accident is proven to be the rider’s fault. This policy is regulated by state government law and is required to operate vehicles on paved roads in any part of the country. As a motorcycle owner and rider, your state has in place a few minimum coverage standards that you must meet in order to operate your bike.

Comprehensive and Collision: This coverage is meant for repair and replacement costs of your bike following an accident, without consideration as to who is at fault. The cost of comprehensive and collision coverage is largely influenced by the value of the motorcycle.

Instances of fire, vandalism, theft, and weather damage are covered by comprehensive coverage, while collision coverage is used to fund repairs or replacement when the bike is involved in a collision. When making any modifications to the bike, consider taking additional motorcycle insurance coverage.

Medical Coverage (PIP): In some states insurance companies are required by law to include medical coverage in all motorcycle insurance policies, although the specifics involved in this coverage vary widely. Medical coverage is meant to cover medical bills resulting from an accident regardless of fault, but the amount of money made available in this coverage is usually not very large, which necessitates having health insurance if someone is severely injured.

Underinsured and Uninsured Motorist: Underinsured and uninsured coverage is not typically mandated by law; however it’s a cheap and often very smart way to protect a rider against unruly motorists and other riders who may not have sufficient coverage or any insurance coverage at all. Because it’s cheaper than the other parts of your insurance policy, uninsured and underinsured motorist coverage is recommended by most road safety authorities.

What Delaware Motorcycle Insurance Doesn’t Cover

DE motorcycle insurance typically does not cover:

• Using your motorcycle as a delivery service or a taxi. So if you deliver packages, food, etc., or if you charge to take people places, you probably won’t have coverage.
• Racing or stunts: If you participate in any kind of organized racing, your motorcycle insurance won’t cover your bike.
• Intentional acts: If you intentionally run someone down and damage someone or something, your motorcycle insurance won’t apply.
• Committing criminal acts: Even if you’re not charged with or convicted of a crime, any injuries or damages resulting from criminal acts aren’t covered by your motorcycle insurance.

How Much Does Delaware Motorcycle Insurance Cost?

How much does motorcycle insurance cost? The average price of bike insurance varies widely based on certain factors. The premiums vary depending on the company and their underwriting rules, and it depends on the coverages and deductible selected. Following are some of the main factors that go into the price of a policy:

• Geographical location – The more dangerous your location is the higher premiums you will pay as there is a higher probability for claims. If you live in a highly populated urban area accidents and insurance claims happen more often and rate are higher.
• Age – Typically drivers under 25 pay more because statistically shown to be inexperienced behind the wheel, easily distracted and to crash more often. They are on of the riskiest category of drivers to insure.
• Gender – Data shows males are more likely to crash, hence men’s premiums are higher.
• Marital status – Married people have been found to be less of a risk to insurers than singles, including divorced or widowed drivers.
• Years of driving experience – Inexperienced drivers pose more risk. That is why under 25 have some of the highest rates.
• Driving record – Drivers with a clean driving record qualify for better rates and can be eligible for a safe driver discount.
• Claims history – More claims = more premium. Insurers actually count frequency (how many claims in a time frame) more than severity (how large the claim was).
• Credit history – The better credit you have, the lower your rates. Most insurers look at credit and weight it heavily.
• Previous insurance coverage – Continual motorcycle insurance history (or at least for the last 6 months) can help get you a better rate.
• Vehicle type – Purchase price, theft rate, cost of repairs, accident rate and safety tests weigh heavily in motorcycle insurance cost.
• Vehicle use – A vehicle used to commute work poses more of a risk than the motorcycle you only take out of the garage on the weekends.
• Miles driven annually – The less you drive, the less risk you have of being in an accident.
• Coverages – The more coverage you choose with higher limits, the more it will cost you since the insurer is taking on additional risk.
• Deductibles – The deductible is your out of pocket cost before your policy kick in. Lower deductible = higher premium, and higher deductible = lower premium.

DE Motorcycle Insurance Quotes

Request a Delaware Motorcycle Insurance quote in Arden, Ardencroft, Ardentown, Bellefonte, Bethany Beach, Blades, Bowers, Bridgeville, Camden, Cheswold, Clayton, Dagsboro, Delaware City, Delmar, Dewey Beach, Dover, Ellendale, Elsmere, Felton, Fenwick Island, Frankford, Frederica, Georgetown, Greenwood, Harrington, Houston, Kenton, Laurel, Lewes, Little Creek, Magnolia, Middletown, Milford, Millsboro, Millville, Milton, New Castle, Newark, Newport, Ocean View, Odessa, Rehoboth Beach, Seaford, Selbyville, Slaughter Beach, Smyrna, South Bethany, Townsend, Wilmington, Wyoming and all other cities in DE.

Delaware Insurance Regulations

In the state of Delaware, there are certain regulations that are applicable to both personal and commercial insurance. There are actually tens of thousands of individual regulations, governing everything from the amount of assets or cash an insurance company must have per policy to how insurance companies can advertise, but the list of regulations that you need to know about is thankfully a lot smaller.

DE Commercial Insurance

Commercial insurance, also known as general liability insurance, protects a business and their customers in a variety of ways. One form of general liability coverage is bodily insurance which is physical damage to anyone on your premises other than employees.

Employees are covered under another type of insurance called Worker's Compensation. In addition, general liability can cover properly damage, protect you from personal injury suits, advertising injuries and provide legal defense and payment for judgments.

Delaware is not one of the states where commercial insurance is required to operate a business. Delaware is a modified comparative fault state with a 51% negligence standard. There are no caps on awards for personal injury suits in Delaware and the statute of limitations for filing after something happens is two years.

As for how much insurance you should carry in Delaware, there is no clear answer. The best thing to do is to research the type of business you have and what kinds of lawsuits are possible, as well as what the payouts for those lawsuits usually turns out to be, so that you can see how much liability coverage you should carry.

Delaware Personal Insurance

There are a few different types of personal insurance available for consumers, but the only one that has any sort of regulation that you need to know about is auto insurance. There are laws in place governing how much liability insurance you are required to carry in Delaware. However, there are no regulations that consumers need to be aware of when it comes to life insurance, flood insurance or various other types of available insurance.

As for the auto insurance regulations, the state of Delaware requires you to carry auto insurance that pays as a result of an accident that was your fault. The limits are known as 15 000 USD /30 000 USD /10 000 USD. That means that you are required to have 15 000 USD per person or 30 000 USD per accident in your auto insurance coverage. You will also need to have an additional 10 000 USD for property damage.