Whether your motorcycle is your primary means of transportation, or you just enjoy going for a ride on the weekends, Texas law requires all riders to prove financial responsibility for any accidents they may be responsible for. The easiest way to achieve this is through liability insurance. There are a few alternatives to liability insurance such as a cash or securities deposit with the county judge or state comptroller, however these alternatives are far less common. The vast majority of motorcycle riders in Texas choose to meet this requirement through liability insurance.
Texas law requires that all motorcycle riders hold certain minimum levels of both property damage coverage and bodily injury coverage. These minimums will help to cover others’ medical bills and any damage caused to their property. Let’s take a quick look at what is required under Texas law, as well as some optional coverage types that will provide more substantial coverage for you and your motorcycle.
Minimum Texas Liability Insurance Requirements
- $30,000 bodily injury coverage per injured person in an accident.
- $60,000 bodily injury coverage for all injuries in an accident.
- $25,000 for property damage per accident.
Always keep in mind that these are the bare minimums you must carry. Purchasing higher levels of coverage provide you with better protection should you be involved in an accident. Liability insurance required by Texas does not cover any damage that may occur to your motorcycle or any injuries you may sustain.
Two of the most common policy additions are collision and comprehensive coverage. Collision coverage will help to either repair or replace your motorcycle if you are responsible for an accident. Protective gear and apparel such as helmets and riding leathers may be covered as well.
Comprehensive coverage on the other hand will cover your motorcycle if it is damaged by a non-accident related incident. This can include vandalism, damage from the weather, theft, and more.
Even though Texas law requires you to carry insurance or a similar alternative, a surprising number of drivers and riders do not meet these requirements. Uninsured and underinsured motorist coverage will help to pay for medical bills and damage to your property in the event you are in an accident caused by someone who does not have adequate liability insurance.
Medical payments coverage can help pay for injuries you sustain in an accident, regardless of who is at fault. Medical payments coverage is even more valuable to those who may not have adequate health insurance.
As with most insurance policies, there are a number of discounts available for motorcycle policies. Premium discounts may be available if you store your motorcycle in a garage, if you have completed certain motorcycle safety courses, or if you belong to certain rider groups. Bundling your motorcycle insurance policy with your auto insurance and homeowners insurance policies can save you money as well.
At the Lisa Nickels Insurance Agency, we offer excellent rates and coverage options on motorcycle insurance throughout Hurst, Colleyville, and Keller, Texas. Contact our experienced agents today for more information on motorcycle insurance or to receive a free quote!