Tennessee motorcycle insurance plans protect you and your bike from financial hardship in the event of a collision. Not only is insurance for motorcycle vehicles helpful for you, but it is also the law to have insurance. Failing to obtain insurance for your motorcycle can lead to strict penalties that may even cost you the privilege to register your motorcycle in Tennessee. Luckily, many motorcycle insurance companies exist for you to choose from, making it easy to meet these requirements. You can compare plans for motorcycle insurance online when shopping for a new policy. Whether you choose the cheapest motorcycle insurance or select a full coverage motorcycle insurance plan, you will want to ensure that it meets Tennessee’s minimum liability coverage requirements. Below, learn motorcycle insurance laws and find out how to get motorcycle insurance in Tennessee.
Reasons to Get Motorcycle Insurance in Tennessee
Getting motorcycle insurance in Tennessee is in your best interest for countless reasons. Most of all, not having insurance for motorcycles and other vehicles is illegal in Tennessee. The state of Tennessee has a Financial Responsibility Law which dictates that you are required to prove your vehicle is insured. It does not matter if you drive a motorcycle, three-wheeled vehicle, moped or car, any vehicle operated on Tennessee’s roads must be insured. In Tennessee, motorbike insurance policies are automatically catalogued in a database. Anytime you are pulled over or visit the Department of Safety to renew a license or vehicle registration card, your insurance can be verified in the database. If you cannot prove you have insurance for your motorcycle or your motorbike does not appear in the system, then you may face a fine. Additionally, failing to get motorcycle insurance in TN could prevent you from registering your bike or performing other driver services.
Another reason to get motorbike insurance in Tennessee is because insurance helps you pay for damages and injuries following an accident. Insurance plans for motorcycles may not cover every expense after an accident, but an insurance plan will still provide a great deal of financial support. Any automobile accident can be life-threatening and expensive, but motorcycle accidents are often more dangerous and costly. It is crucial to have motorcycle insurance to cover vehicle repairs and medical bills in the event of an accident.
How much is motorcycle insurance in Tennessee?
The motorcycle insurance cost in Tennessee can vary based on your bike’s safety features, your driving history and your demographic information. Additionally, motorcycle insurance rates vary based on other indicators, such as your credit score. A motorcycle insurance adjuster will consider all of these factors to determine your eligibility for certain rates and discounts. Factors that may reduce your motorcycle insurance costs include: buying a motorbike with new safety features, having a clean driving record, having a safe place in which to store your motorcycle and taking a driver safety course geared towards motorcyclists.
If you cannot find an affordable motorcycle insurance in Tennessee right away, then it is best to shop around at different agencies. Many discount motorcycle insurance policies can be found by comparing policies at multiple agencies.
What must insurance for motorcycles in Tennessee cover?
When shopping for TN motorcycle insurance plans, remember that Tennessee has certain requirements for what your insurance must cover. Regardless of whether you get comprehensive coverage motorcycle insurance or the cheapest motorcycle insurance policy available, you must make sure it meets the following minimum coverage amounts:
- $25,000 per accident for each injury or death
- $50,000 per accident in total for injuries or deaths
- $15,000 per accident in property damage coverage
You may hear this type of Tennessee motorcycle insurance plan referred to as a 25/50/15 insurance plan. These motorbike insurance requirements are just the minimum, so you can always obtain a plan that exceeds the coverage limits and provides more protection. A full-coverage motorcycle insurance plan will cost more, but it also offers more extensive coverage in the event of an accident or other damage to your vehicle.
How to Apply for Motorcycle Insurance in Tennessee
Once you have identified an affordable TN motorcycle insurance plan, you must provide certain information about yourself to complete an application. A motorcycle insurance agent will need the following details in order to offer you a plan:
- Your motorcycle’s vehicle identification number (VIN)
- Information on any safety features your motorcycle has
- Details about how much you drive, where you keep your bike and where you live
- Your name, address and Social Security Number
- Your drivers license and vehicle registration card (if your motorcycle is already registered)
When applying for insurance for your motorcycle in Tennessee, the above information is used to determine whether you will be offered a plan and what your rate will be.