As you probably know, all states require motorcycle insurance. NJ is no different. New Jersey state law mandates that all motorcycle riders have liability insurance to the amount of 15/30/5 ($15,000 per person injured, up to $30,000 total, and $5,000 in property damage). In addition, motorcyclists must also have some amount of personal injury protection (PIP). Aside from these two requirements, your motorcycle insurance coverage is pretty much up to you. For more information see Auto Insurance in depth. You may also want to check out NJ motorcycle laws at the American Motorcycle Association.
When it comes to selecting motorcycle insurance, New Jersey has hundreds of providers to choose from. As you consider different plans you should know that there are many of factors insurance providers consider when they assign your rates. Insurance Finder lists these factors as follows:
- The size of your motorcycle's engine (in cubic centimeters-cc's). Larger engines have higher performance and cost more to insure.
- Motorcycle make. Insurers charge more for obscure brands because their parts are more rare.
- Motorcycle model. Sport bikes have coverings over the engines which make them more expensive to repair in accidents.
- Your age and experience. Insurers give older riders get lower rates because drivers under 25 have less experience and get in more accidents.
- Your driving record. If your record is blemished with accidents and tickets insurers won't trust you, so you will have to pay more.
- Whether or not the motorcycle is kept in a garage. Bikes left on the street are more likely to get in accidents or be stolen.
- Where you live. Insurers charge more in cities than rural areas because there is more traffic and theft.
- Number of intended miles driven weekly. The more you ride your motorcycle, greater your chance is of getting into an accident. Higher mileage = higher premium.
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