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What is the best coverage for a recently financed motorcycle?

I recently financed a motorcycle. Do I need full coverage insurance or can I just buy liability?

avatar
Savannah Grabek · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Thank you for your question!
When you finance a
motorcycle
, you are going to need full coverage.
The reason the finance company requires full coverage is that they still have a financial interest in the bike. If something happens to it, they want to make sure you can get it fixed. Without full coverage, if the bike is totaled, you would still have to pay the loan, even though you don’t have the bike anymore.
Full coverage insurance for your motorcycle can be expensive, but
Jerry
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