ELECTRIC MOTORCYCLE INSURANCE

In the United States, most states regulate electric motorcycles like traditional motorcycles, meaning there is a requirement to have some form of insurance to ride legally.

Because of this, while requirements vary from state to state, it’s imperative to understand the electric motorcycle insurance laws in your state.

Here at Harley-Davidson^® Insurance, we’ll match you with the perfect insurance policy based on your electric motorcycle and the state you’re based in.

When taking out coverage for your electric motorcycle, most states require liability coverage as the lowest level of coverage to ride legally.

This is designed to cover incidents while you’re on your bike that may injure another individual or cause damage to a third party. However, the extent of coverage will be subject to the policy limits vs. the amount of damage.

While this is the minimum requirement, you are advised to add more coverage to become better financially protected. Options include collision, comprehensive, and uninsured motorist coverage.

The cost of your insurance policy will differ based on the type of electric motorcycle you ride and several other factors.

• Age and gender - Like auto insurance, if you’re not experienced on the road, you can expect a higher insurance quote for your touring motorcycle. People are also shocked to discover that gender can also make a difference. According to J.D. Power, their data shows that an 18-year-old female is likely to receive a lower quote than an 18-year-old male.

• Your driving record - Your driving record influences your insurance quote for your touring bike.

• Bike type - The make, model, and type of sport motorcycle you have may impact your insurance cost. The age of your bike also plays a role. 

• Your location - Where you reside will have an impact on your motorcycle cost as well.

• Coverage type - The degree of coverage and options you select will influence the cost. The more coverage you have, your sport bike insurance may be more expensive.

• Gender and age - Your quote may also be impacted by the amount of experience you have on the roads - which typically increases with age. According to data from J.D. Power, there’s reason to believe that gender can also have an impact.

• Your driving record - If you have any driving violations and/or accidents on your record, this may influence your motorcycle insurance quote.

Before you take out your electric motorcycle insurance plan, consider these tips carefully to make sure you end up with the best coverage for you:

1. Add any other riders - If someone else is going to be using your electric motorcycle, they need to be added to the policy. 

2. Save money by paying yearly instead of monthly - If you can afford to pay your policy annually, it makes sense. Most insurance companies give discounts to those who pay for the year. 

3. Find out more about insurance discounts and how to qualify for them - You may be able to reduce your electric motorcycle insurance cost by installing safety features or completing a safety course.

4. Know the make, model, and year of your electric motorcycle to get an accurate quote - Make sure you’ve got all this information handy before you start your quote so you can get an accurate quote.

5. Disclose any enhancements or modifications you’ve made to your electric motorcycle - If you have modified or enhanced your motorcycle or any other elements, it should be disclosed during the quote process to ensure the coverage you expect is in place.

If you’re looking for an electric motorcycle insurance plan, make sure you don’t fall into one of the following four traps:

1. Not being honest in your application - Little white lies won’t wash when getting an insurance payout. You could void your entire policy if you’re not completely honest on your application.

2. Putting your deductible rate too high - Your set deductible dictates how much you need to pay before your insurance pays out. If you set your deductible rate too high, you may be at risk for financial hardship in the event of an insurance incident.

3. Simply going for the cheapest policy you can find - While it can be tempting to go for the cheapest plan, this is not advised. Typically, the cheaper a plan is, the less coverage you have. This could cost you way more in the long run if your insurance plan doesn’t pay out when you need it to. 

4. Allowing your current electric motorcycle insurance plan to expire - If insurance is a legal requirement in your state, you could be committing an offense if you don’t renew your policy before the current one expires. Also, if you allow your policy to lapse for an extended period, you may lose your Claim-Free renewal discount.

Unfortunately, there’s a lot of misinformation about electric motorcycles and their available insurance options.

• Minimum insurance is sufficient to cover all incidents - NOT TRUE. 

• Your vehicle insurance will cover your electric motorcycle - NOT TRUE. 

• The color of your e-bike will impact how much your insurance costs - NOT TRUE. 

• Your driving record has no impact on your motorcycle insurance - NOT TRUE. 

• If you’re not using your electric motorcycle for a period, during the winter, for example, you should cancel your insurance - NOT TRUE. 

Please do not hesitate to contact the friendly team at Harley-Davidson^® Insurance today if you have any questions about electric motorcycle insurance. We’re always happy to help.