Does Virginia Require Motorcycle Insurance?

For many people, riding a motorcycle is a source of freedom. However, it also comes with responsibilities, like having the right insurance. Of course, each state has its own insurance requirements, and those requirements can get confusing. So, what do you need to know about motorcycle insurance in Richmond, VA? At Cary-Wheeler & Associates Inc., we can help you figure it out. 

Does Virginia Require Motorcycle Insurance?

Yes and no. In Virginia, motorcycle owners have two options: buying liability insurance or paying an Uninsured Motor Vehicle (UMV) fee. If you pay the fee, you don’t have to carry insurance. However, if you choose this route, you remain uninsured at your own risk. 

Reasons to Choose Motorcycle Insurance

If Virginia allows for a UMV fee, why do so many motorcycle owners still choose insurance? Because risk mitigation matters. Carrying insurance can help you as a motorcycle owner reduce your liability risk. 

The UMV fee may save you some money in the short term, but motorcycle insurance provides the more cost-effective choice in case of an accident. If you do cause an accident on your bike, you could pay hundreds or even thousands of dollars out of your own pocket. Having a good insurance policy can protect you from financial struggles. 

And of course, insurance can help you gain some peace of mind. Riding a motorcycle should be an enjoyable experience. But if you’re constantly worried about your lack of coverage, you won’t enjoy the experience as much as you should. Liability coverage can help you breathe a little easier on the road. 

Motorcycle Insurance Questions? 

Do you have questions about your coverage options? At Cary-Wheeler & Associates Inc., we can answer your questions and help you make sure you have the right coverage. We serve motorcycle owners in Richmond, VA. Get in touch with us today to learn more. 

What Are The Benefits of Motorcycle Insurance?

If you are in Richmond, VA, owning a motorcycle is one of the best ways to enjoy the city. But as you have fun with your motorcycle, don’t forget about motorcycle insurance. Since one wrong move in your bike can turn catastrophic, it’s more critical to purchase motorcycle insurance from Cary-Wheeler & Associates Inc. In the process, you will accrue the below benefits. 

Liability protection

Sometimes, accidents do happen. Probably, you lost a bit of concentration and crashed on someone. When this happens, you need to have motorcycle insurance to take care of bodily injuries and property damages you might have caused to third parties. 

Protects your bike

Whether you use your bike for fun, running errands, or commuting, it is valuable to you. That said, it’s wise to protect your asset from perils like theft, accidents, fire, and so on. With motorcycle insurance, you avoid out-of-pocket expenses when you need to replace or repair your bike following an accident. 

Pays for medical expenses

A bike accident — even a minor one — can lead to severe injuries. In light of this, PIP or MedPay coverage is critical as it covers your medical expenses when involved in an accident. Besides, medical payments insurance pays for partial loss of income if you cannot resume your job.

It’s customizable

The beauty about motorcycle insurance is that it’s not cast in stone. If your circumstances change, you can increase or reduce coverages to suit your current needs. For instance, if you add new accessories to your bike, you can adjust your coverage to ensure you are covered. 

Buy motorcycle insurance today!

If you treasure your bike, you can’t afford to ride it without motorcycle insurance. If you are in Richmond, VA and its environs, please talk to Cary-Wheeler & Associates Inc. for a competitive quote. 

A Guide To Help Virginia Residents Find The Right Motorcycle Insurance Policy

Based in Richmond, VA, Cary-Wheeler & Associates, Inc. helps the community find the insurance coverage they need to protect what matters most. For over 30 years, we have helped our clients regardless of their situation. We look forward to establishing a long-lasting relationship with you.

Motorcycle Insurance Guide

During warm weather days, many people enjoy riding through Richmond, VA on their motorcycles. If you enjoy riding through the area, it’s important that you have protection. Motorcycle insurance covers you against some of the natural risks associated with riding a motorcycle. The policy covers your vehicle if it is damaged in a collision. You are also protected if you are a victim of theft or vandalism. You can also amend your policy to cover your motorcycle is damaged due to a fire or natural disaster.

Liability coverage protects you if an unexpected situation arises. Accidents can happen at any time. You will be protected if you accidentally collide with another motorcycle or if you cause damage to someone else’s property. If you have a passenger riding on the motorcycle with you, you will also be protected if the passenger suffers an injury.

You can amend your policy to include roadside assistance in the event of an emergency. If you plan to add custom parts or accessories to your motorcycle, you can add extra coverage to protect them if your motorcycle suffers damage. This gives you peace of mind that you will not have to deal with potentially huge losses if your custom motorcycle is totaled. You can also add coverage to protect your motorcycle while it is in storage. 

Cary-Wheeler & Associates, Inc. Will Help You Cover Your Asset

For more information on motorcycle insurance, visit our website today!