Is Motorcycle Insurance Required in Florida?
Florida motorcycle laws are unique compared with most other states. In most states, motorcycle insurance laws are comparable to other motor vehicle laws but in Florida, they are not. Drivers of motor vehicles in Florida, with four or more wheels, are required to carry personal injury protection (PIP) as part of the Florida no-fault insurance blanket. This will guarantee the payment of medical bills up to $2500 as long as the claim is filed within 14 days. If the medical bills resulted from an emergency, as certified by a medical professional, the PIP will pay the full threshold of $10,000. This PIP is not available to the motorcycle owner even if the owner already carries PIP for another vehicle. Given the fact that injuries in a motorcycle crash are likely to be more severe, the motorcycle rider is at greater risk of financial disaster following a serious crash.
Motorcycle Registration Florida
Florida motorcycle insurance requirements are based upon the financial responsibility of the owner against liability. The motorcycle owner is not required to carry insurance to register a motorcycle. However, the driver is held financially responsible if charged in a motorcycle crash. A motorcycle owner has three financial responsibility options to choose from.
- Purchase liability insurance for a licensed Florida insurance carrier. This would be the most common way of gaining coverage.
- Secure a Financial Responsibility Certificate. This requires posting a surety bond with a state-licensed company and depositing cash or securities with the Department of Highway Safety and Motor Vehicles (DHSMV)
- Obtain a Self-Insurance Certificate from the Bureau of Financial Responsibility after providing evidence of a net encumbered capital.
No matter what type of motorcycle you own, a free online motorcycle insurance quote from FAM Insurance could help you save money on a new policy. Whether you have a sport bike, cruiser, moped, touring bike, standard, antique, or a sweet custom ride, you can turn to us for great coverage and cheap motorcycle insurance rates.