Motorcycle Insurance Requirements

If you intend on owning and riding a motorcycle in and around Meridian, ID, you need to make sure you have the right kind of insurance coverage. If not, you may be ticketed even if you are not doing anything else wrong. It also is a safety precaution for other drivers on the road. At Idaho Select Insurance, where are here to make sure you understand all of the legal requirements within the state of Idaho. 

Establishment Financial Responsibility

For starters, you must establish financial responsibility. There are a few ways to do this. First, you can take out self-insurance coverage, although this only covers individuals who own at least 25 vehicles under their name. The next is to make a cash deposit to the State Treasurer, obtain a security bond with an authorized in-state broker, or to obtain liability insurance (which is generally the easiest and least expensive up front option). 

Minimum Insurance Requirements

There are a few different minimum liability insurance requirements you need to know about. This is $25,000 for an injury or death to one person, $50,000 for an injury or death to two people and $15,000 for damage to property. 

Additional Coverage

Outside of the liability insurance coverage or proving you have the financial assets to pay for liability, that is the only real kind of insurance you need. Now, if you want to protect yourself in the event of an accident or other kind of incident with your motorcycle, there are other kinds of coverage available to you within Idaho. You should consider collision, comprehensive, medical payment coverage and towing and labor insurance packages. 

Remember, when you are riding your motorcycle, you always need to carry proof of financial responsibility with you at all time to show to an officer if you are pulled over.