Motorcycle Insurance in Frederick Maryland

If you own a motorcycle in Maryland, it is important to find an insurance policy that is affordable and offers the coverages you will need. The best rates and coverages for your motorcycle insurance will not necessarily come from the same company that insures your auto, home and other areas of your life. At Balderson Insurance, we are an independent agency that works with several of the top insurers in Maryland. We can shop around to find the best motorcycle policy to match your needs and budget. So if you are looking for motorcycle insurance in Frederick Maryland, call us today at (301) 874-0772 for further information and a free quote.

 

Motorcycle Insurance Basics

A Maryland motorcycle insurance policy has many similarities to an auto policy. There are state minimum coverages as well as certain coverages required by a lender if you have a loan on your bike. They break down into the following categories:

 

Liability

In Maryland, liability coverage is required on all motorcycles. This covers you for bodily injury and property damage caused to others if you are involved in an accident. Liability does NOT cover bodily injury to you or property damage to your motorcycle. The minimum requirements in Maryland are as follows:

  • Bodily Injury: $30,000 per person, $60,000 per accident.
  • Property Damage: $15,000

For many motorcycle owners, the MD state minimums are not sufficient. For example, if you have significant assets, you will want to consider higher liability limits, such as $100,000 per person, $300,000 per accident and $50,000 for property damage. We can help you determine the right level of coverage for your specific circumstances.

 

Uninsured/Underinsured Motorist

Uninsured motorist coverage pays for health care, lost wages and other losses if you are injured by a driver without insurance. Similarly, underinsured motorist coverage helps compensate for these losses if you are injured by a driver without sufficient insurance coverage. In Maryland, the state minimums for uninsured motorist coverage are:

  • Bodily Injury: $30,000 per person, $60,000 per accident.
  • Property Damage: $15,000

 

Collision

Collision coverage pays for damage to your motorcycle if you are involved in an accident (minus your deductible). Though Maryland does not require you to carry collision insurance, it may be required by your lender. Whether required or not, if you are driving a newer motorcycle with a high book value, this coverage is usually recommended.

 

Comprehensive

Also known as “other than collision”, this covers your motorcycle for damage resulting from incidents such as fire, theft, vandalism, hail, windstorms and other so-called “acts of God.”

 

Finding the Right Motorcycle Insurance in Maryland

There are a number of considerations that will factor in to your motorcycle insurance rates. These include:

  • Make, Model and Age of the Bike
  • Number of Drivers and their Ages
  • Driving Records and Credit Histories of all Listed Drivers
  • Your Zip Code
  • Amount of Miles Driven Annually
  • Where you Plan to Store the Bike
  • Qualifying Discounts

 

Many insurers offer multi-bike discounts as well as discounts for completing certain training courses such as the Motorcycle Safety Foundation (MSF) riding course. Depending on the insurer, drivers with safe driving records, relevant course completions and other qualifying discounts can receive savings of 10% to 20% (or more) on a policy.

 

If you are a bike owner in need of motorcycle insurance in MD, contact us today and let us find you the right policy to fit your needs.

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