Motorcycle Insurance

The state of Oklahoma requires that all motorcycle riders show proof of financial responsibility at all times. In case you are deemed to be at fault in an accident and you don't possess coverage, you are liable to be sued, fined, or incarcerated. According to Oklahoma law, your motorcycle should have specific equipment to be regarded as street legal. These include:

Handlebar Height - No higher than eye level of the operator.
Eye Protection - Required by law unless equipped with windscreen.
Safety Helmet - Required by law under age 18.
Mirror (L), Right (R) - Required by law.
Turn signals.
Daytime Use of Headlight - Required by state law.
Muffler - Must be equipped with a muffler or other effective noise-suppressing system in good working order and in constant operation.
Maximum Sound Level - No person shall modify the exhaust system in any manner which will amplify or increase the noise or sound emitted louder than that emitted by the muffler originally installed on the vehicle.
Passenger Seat and Footrest - Required if carrying a passenger.
Motorcycle License Endorsement - Yes.
Accept Motorcycle Endorsement from Other States - Yes.

Purchasing motorcycle insurance is paramount because it pays to repair or replace your motorcycle if it's stolen or damaged in an accident. It also extends coverage to legal liability against injuries to other people and damage to their property.

Whether you utilize your motorcycle daily to commute, your weekend leisure companion, or an integral part of your business venture, you need a motorcycle insurance policy to cushion you against potential risks on the road. We at Moore-Lancaster Agency have tailored competitive motor insurance products for companies and individuals who cherish and use motorcycles. Visit us today at our offices and get detailed information about the motorcycle insurance policy.

Types of motorcycle insurance coverage.

Comprehensive coverage: This policy caters to coverage for losses and damages in an accident other than collision. These perils include explosions and glass breakages, damages caused by animals, such as deer, theft, falling objects, vandalism, fire, or damages by a hail storm.
Collision coverage: This type of policy pays for damages resulting from a collision with another motorcycle, fence, potholes, car, tree, rock outcrops, fence, or other objects.
Uninsured motorist coverage for motorcycles: If you’re injured by an at-fault driver who doesn’t have insurance on their vehicle or if it’s a hit-and-run incident, you may end up having to cover the cost of your medical expenses and your passenger. It also assists with loss of income if your injuries prevent you from returning to work for a period of time. Funeral costs are also covered. According to the Journal Record, Oklahoma has one of the highest percentages of uninsured drivers in the nation as one out of every four motorists in Oklahoma drove without insurance.
Liability Coverage: Oklahoma requires motorcycle riders to carry a minimum liability policy of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.
Gap insurance coverage: Motorcycle gap insurance pays for the gap between what you owe on your motorcycle and what it is worth if it is stolen or totaled in an accident.
Loan/lease coverage: Loan/lease coverage only provides a predetermined percentage of your bike’s market value, usually around 25%. That means that loan/lease coverage may not cover the entire gap in some cases.
Medical payments (MPC) coverage: Medical payments coverage can help pay for medical costs if you or your passenger are injured in a motorcycle accident. Motorcycle medical payments coverage typically covers expenses such as: health insurance deductibles, co-pays, dental expenses, prescriptions, homecare, medical expenses. Medical payments coverage typically does not cover expenses related to injuries to others from an accident you cause unless they are riding on your motorcycle with you at the time. Your motorcycle policy's bodily injury liability coverage typically protects you against liability for injuries to people other than your passengers from an accident you cause.