New York Motorcycle Insurance (QUOTES, COST & COVERAGE)
Get New York motorcycle insurance quotes, cost & coverage fast. Find affordable NY motorcycle coverage for your sport bike, cruiser, standard, touring bike, or custom ride.
New York Motorcycle Insurance
To ride a motorcycle on the roads in NY. you need to have New York motorcycle insurance. That is the law – if you choose to ignore it you will be met with a list of legal violations. It’s also common sense to have insurance because of the risks that motorcyclists face on the road.
New York motorcycle insurance is available in different types of policies, each designed to fit different needs. The cost tends to vary based on factors such as the rider’s record (your history with automobiles is considered here as well), the value of the motorcycle, and the place where the rider resides.
What Does New York Motorcycle Insurance Cover?
While there are many optional coverages available, the main parts of a New York 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 New York Motorcycle Insurance Doesn’t Cover
NY 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 New York 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.
NY Motorcycle Insurance Quotes
Request a New York Motorcycle Insurance quote in Anaheim, Bakersfield, Chula Vista, Concord, Corona, Elk Grove, Escondido, Fontana, Fremont, Fresno, Fullerton, Garden Grove, Glendale, Hayward, Huntington Beach, Irvine, Lancaster, Long Beach, Los Angeles, Modesto, Moreno Valley, Oakland, Oceanside, Ontario, Orange, Oxnard, Palmdale, Pasadena, Pomona, Rancho Cucamonga, Riverside, Roseville, Sacramento, Salinas, San Bernardino, San Diego, San Francisco, San Jose, Santa Ana, Santa Clara, Santa Clarita, Santa Rosa, Simi Valley, Stockton, Sunnyvale, Thousand Oaks, Torrance, Vallejo, Victorville, Visalia and all other cities in NY.
The New York Department of Insurance
The NY Dept. of Insurance is the regulatory agency behind the insurance rules for the state of New York. If you want to understand these rules, then this is definitely the agency that you need to focus on. Let’s start with limits within the state.
New York Minimum Insurance Limits
- For auto insurance, New York requires $15,000 per person and $30,000 per accident.
- For life insurance, there are certain regulations in place to determine how someone is able to get or offer life insurance, but there are no limits listed.
- For commercial insurance, insurance agents may offer broker or casualty insurance as well as covered property insurance, covered causes of loss, specified perils and open perils along with a number of coverage forms like builder’s risk, legal liability, building ordinance, glass, peak season, inflation guard and peak element.
NY Insurance Regulations
As for regular insurance regulations there are a lot of things that New York provides that you can look up. For example, there are deadlines for the insurer to pay the claim or deny it, deadlines for submitting paperwork to prove a loss for insurance reimbursement, specific information your insurance company is required to give you and regulations on what information you have to provide to your insurance company.
One of the New York regulations calls for you to be treated by your insurance company in good faith. This means that your insurer must be considered of your needs and must communicate completely and honestly with you about your policy and everything that you need to know about it in order to make a good decision. In turn, you are legally obligated to be honest and cooperative with your insurance company when it comes to your claim.
You should also be aware that your insurance company is required to offer prompt, honest and complete communications. The company and all of its representatives must respond to your communications within 15 calendar days with a complete response based upon the facts that are known.
Finally, be aware that your insurance company is required to have a fair claims process. Unless it is specified in your policy, you do not have to use the forms that are provided to you by your insurance provider in order to make a claim. You can create a list of losses on your own if you need to. In addition, insurers are not able to ask for unreasonable proof of loss. If you provide photographic evidence or video of items that you lost, insurers are not able to ask you to provide additional information.
Different States New York Motorcycle Insurance
If you are looking for state specific New York Motorcycle Insurance insurance quotes, costs and information: