When you purchase a motorcycle or trike in Virginia, you’ll need to insure it similar to how you would insure a car or truck. At Parr Insurance Services, we want you to remain safe driving the Lynchburg, VA roads, and insurance provides one way to stay financially safe.
Virginia State Minimums for Motorcycle Insurance
The state of Virginia can fine you up to $600 and revoke your license if you’re caught riding without proper insurance coverage. You’ll need to purchase at least a three-part policy that includes the following minimum liability coverages:
- bodily injury coverage in the amount of $30,000 for death or bodily injury for one individual per accident,
- bodily injury coverage in the amount of $50,000 for death or bodily injury for more than one individual per accident,
- property damage coverage in the amount of $20,000 for damage to the other individuals’ vehicles or real property per accident.
Although the state doesn’t require uninsured/underinsured motorist insurance, adding it to your policy makes sense because it protects you when a driver or biker hits you but doesn’t carry insurance or doesn’t carry enough insurance. This pays for the repairs or replacement of your bike and helps cover your medical costs.
You should also consider comprehensive and collision coverages. These two types of coverage help you when you cause a single-vehicle accident or a random, unforeseen act occurs to your bike. For example, if you hit a neighbor’s mailbox, collision coverage pays for the repairs to your bike. If lightning strikes your beloved bike, comprehensive coverage pays for the repairs.
Contact Parr Insurance Services serving Lynchburg, VA for more information on purchasing the motorcycle insurance you need to keep your bike and finances safer.