If you own a motorcycle, you need to have insurance coverage. However, there are several common myths about motorcycle insurance that can lead to misunderstandings and inadequate coverage. In this article, we’ll debunk some common motorcycle insurance myths and provide the information you need to ensure you’re adequately covered.

Myth #1: Health insurance is enough; you don’t need medical payment (MedPay) coverage on your motorcycle insurance policy.

This is a dangerous myth because even if you have health insurance, it may not cover all of your medical expenses in the event of an accident. MedPay is available in most states and can help cover the costs that your health insurance doesn’t. It is essential to assess your needs with an agent before opting out of MedPay.

Myth #2: Your credit history does not affect your insurance premium.

This common myth can lead to misunderstandings about how insurance rates are calculated. Insurance companies use your credit score when calculating your premium. Therefore, discussing how your premium is calculated with your insurance agent is crucial.

Myth #3: Comprehensive and collision coverage can be used interchangeably.

Comprehensive and collision coverage are not interchangeable. Collision insurance protects your bike from damage caused by an accident with another vehicle or object. In contrast, comprehensive coverage protects against damages outside of a collision, such as theft, fire, weather damage, vandalism, or hitting an animal. It’s important to note that both coverages only manage damages done to your bike and not other vehicles.

Myth #4: Your driving record does not impact your motorcycle insurance.

Your driving record is a significant factor when determining your motorcycle insurance rates. The more accidents or violations you have, the riskier you are to insure, and the higher your premiums will be. Conversely, being a safe driver can help you save money on motorcycle insurance.

By understanding these common myths and discussing your needs with an agent, you can make informed decisions about your coverage and potentially save money on your insurance premiums.