Residents of Vermont love their bikes. As of the end of 2011, there were more than 30,000 motorcycles registered in this state, and there are many motorcycle insurance companies lined up to serve them. Before you go on your next excursion, you may want to compare motorcycle insurance quotes to make sure you're paying reasonable premiums on your current coverage.
Vermont Motorcycle Facts and Statistics
- Vermont has had motorcycle helmet laws in place since 1968.
- In 2010, helmet laws saved an estimated 13 lives per 100,000 registered motorcycles in this state.
- In 2010, helmet laws saved an estimated $12 million per 100,000 registered motorcycles in this state.
- In 2012, 11 motorcyclists died in accidents in this state.
- This is a slight increase over 2011 when eight riders died.
- Approximately 14% of all fatal vehicular accidents in this state involve motorcycles.
What Are the Motorcycle Insurance Requirements in Vermont?
Not all motorized bikes need to have insurance in this state, but all motorcycles and mopeds do. These two different types of bikes have different costs associated with insuring them:
- Motorcycle: Vermont defines a motorcycle as a motor-driven vehicle that travels with no more than three wheels on the ground and has a seat or saddle for the rider. In addition, these vehicles are not motorcycles: mopeds, golf carts, track-driven vehicles, tractors, or vehicle with an enclosed cab for the operator and passengers. Motorcycles include choppers and sport bikes.
- Moped: Vermont defines a moped as a motor-driven cycle that has either two or three wheels, a direct or automatic power-drive system, foot pedals for propulsion, and a power source that has a max of two-brake horsepower and a max piston displacement of 50 cc’s if a combustion engine is used. Mopeds should not be able to travel more than 30 mph on a flat surface. This includes most dirt bikes.
Like every other U.S. state, VT enforces rules about minimum required liability insurance coverage for motorcyclists. This insurance protects you from potentially devastating financial losses if another person can hold you accountable for damage or injuries caused while operating your motorcycle. VT’s liability coverage requirements are as follows:
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident involving two more injured parties
- $10,000 in property damage coverage per accident
Alternately, Vermont residents have the option to forgo liability insurance by proving that they are self-insured for $115,000. Residents can do this by filing a bond with the Commissioner of Motor Vehicles, but most residents prefer to purchase insurance.
What Kinds of Coverage Can Vermont Motorcycle Owners Get?
All motorcycle insurance policies offered in Vermont include liability coverage that meets, at a minimum, the state’s coverage requirements. In addition to this mandatory liability coverage, motorcycle insurance offers other coverage options that include the following:
- Collision coverage: This will compensate you for damage to your motorcycle if you are involved in an accident, regardless of fault.
- Medical payments coverage: This will compensate you for any necessary medical treatment needed by you or your passenger as the result of an accident for which you are at fault.
- Comprehensive coverage: This will cover damage to your bike that does not result from a collision. This can include loss or damage due to falling objects, weather events, fire, vandalism and theft.
- Uninsured/underinsurance motorist coverage: If you suffer injuries or damage in a collision with an uninsured or underinsured motorist who is at fault or with a hit-and-run driver regardless of fault, this will provide you with the necessary compensation you might never receive otherwise.
- Roadside assistance: This policy option will provide you with coverage for towing or assistance if your bike becomes inoperable while you are out on the road.
What's an Average Quote for Motorcycle Insurance in Vermont?
Rates for motorcycle insurance can vary a bit from one person to the next; however, you can expect your policy to cost you between $50 and $100 a month. Because Connecticut winters are not ideal for riding, most motorcycle owners in this state save money by purchasing partial-year coverage.
Some factors that can influence your insurance quotes include the following:
- Your personal driving history and years of experience riding
- The make, model and value your motorcycle
- Where and how you store your bike
- The approximate number of miles you ride per year
- The amount of coverage you purchase
- The amount of your deductible
Where to Find Coverage
An independent agent in the Trusted Choice® network can help you obtain and compare motorcycle insurance quotes from multiple insurers so you can be sure you are getting great coverage at a competitive price. These professionals can work with you to answer your insurance-related questions and help you determine your coverage needs.
Discover what an agent in the Trusted Choice network can do for you. Contact an agent in Vermont to get more information.