Just like with your other vehicles, motorcycle insurance requirements vary depending on your state. In most states, motorcycle insurance is required and Illinois is no exception.
In Illinois, all bikers must carry at least:
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$50,000 in bodily injury liability per accident
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$20,000 in property damage liability
Keep in mind that liability insurance only covers damages you may cause to someone else while operating the motorcycle. It will not cover damages to your bike or any injuries you and your passengers may suffer after an accident.
What Happens if You Drive a Motorcycle Without Insurance in Illinois?
If you are caught driving without insurance in Illinois, you could face repercussions. This includes:
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Fines
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License suspension
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Vehicle impoundment
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Jail time
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Higher insurance rates
The worse the circumstances, the more likely you are to face serious charges or ramifications. If you cause an accident while not carrying insurance, for example, you may face higher fines and a possible lawsuit from the victim.
After being caught driving without insurance, you may have more difficulty finding affordable motorcycle and auto insurance policies. Keep in mind that accidents on your motorcycle will also affect your auto insurance, as they are both influenced by your driving record. The same is in reverse, as well. If you are involved in an accident or are caught driving without insurance in your car, your motorcycle insurance may also go up as a result. You could even face your policy being cancelled if you become too high risk in the eyes of your insurance provider.
How Much is Motorcycle Insurance in Illinois?
The cost of motorcycle insurance varies depending on several factors aside from your state such as your age, driving record, credit score, coverage limits, the value of your motorcycle and more.
On average, you may pay around $685 a year for motorcycle insurance in Illinois.
There are ways to lower your motorcycle insurance policy, however. A higher credit score can save you money on motorcycle insurance while a drop in your credit score can raise your rates. Try to build your credit by paying off loans, debts and credit cards.
Also ask your insurance agent about discounts you may qualify for such as safe driver discounts and bundling your motorcycle insurance with home and auto. If you have any questions about your Illinois motorcycle insurance policy, contact your insurance agent.