Do you need motorcycle insurance in florida?
i plan on moving to florida really soon, i am from n.j. and i heard i wouldnt need insurance, is that true? are there any circumstances where i would need to get insurance?
What are the Florida motorcycle insurance laws?
The big deal in Florida is that motorcyclists who are at least 21 years old and have a minimum of $10,000 in medical insurance don't have to wear helmets while riding.Florida uses a something called the Financial Responsibility law for private passenger vehicles.The minimum liability requirements in the Florida Financial Responsibility Law are:$10,000 for 1 person in bodily injury liability$20,000 for 2 or more people in bodily injury liability$10,000 per crash in property damage liabilityIf you can prove financial responsibility, (ability to cover those amounts yourself), you can get a Financial Responsibility Certificate from the Bureau of Financial Responsibility by doing one of these things:1. Post a surety bond with a state-licensed company.2. Deposit cash or securities with the Department of Highway Safety and Motor Vehicles (DHSMV).3. Get a Self Insurance Certificate from the Bureau of Financial Responsibility after you proving you possess net encumbered capital.Note: Florida is considered a "no-fault" state. This means you must have personal injury protection (PIP) coverage for cars. The no-fault law does not apply to motorcycles in FloridaOnce you establish financial responsibility or buy insurance, you can show proof with your Financial Responsibility Certificate from the Bureau of Financial Responsibility or your Self-Insurance Certificate from the Bureau of Financial Responsibility or show your Insurance ID card from your insurance carrier.If you cannot provide proof of motorcycle insurance, you may face suspended driving privileges, suspended registration and license plates. When you go to get them back, there will be reinstatement fees.I can tell you from experience, if you are stopped in your car and cannot show the proof required, there is a $100 ticket for not having your card with you, and that is even if you have insurance. I never got stopped without it on my bike.You really should contact a Florida licensed insurance agent about requirements for insurance. I haven’t lived there in a few years.
Do you need insurance for motorcycle if under 21?
As stated above you don't need insurance. I'm in the same shoes as you, 18 and live in Orlando, Florida. It's just great to have because you have to be able to have the money if you get into an accident. When you register the bike they don't ask for insurance or anything, just for the title and your license. Also, you get a "special" license plate because you're under 21. It says in big bright red underneath the tag "UNDER 21". Also, when a cop pulled me over he just asked for my license and registration.
If I cancel my motorcycle insurance in Florida, how long will I have until my finance company is notified? Is there any chance they won’t be? I’m storing the bike for a few months.
Bad idea.The finance company is owner of the motorcycle until you pay off their loan to you. They’ll get a letter (or perhaps even an email) indicating that the coverage for the vehicle for which they own the title has been canceled. They’ll then contact you and seek a reason for the cancellation. The fact that you are “storing it” will be meaningless to them as if their property (the motorcycle) is damaged, lost or stolen, they’ll have no method to recoup their losses, short of suing you personally.Worse, when you attempt to “restart” the insurance, you’ll be asked about the lapse in coverage. Whatever you are paying now will be increased as you become an insurance risk when you cancel coverage and then try to renew it. If you use the same insurer, you might have to pay a fee for the period of cancellation simply to restart their insurance. That fee may exceed the money you have “saved” by dropping the insurance.Finally, the state will be notified. If you attempt to drive the bike and are stopped, you’ll be ticketed for the lack of insurance coverage. Again, whatever you are paying in premiums, will likely only be a fraction of the ticket that you’ll receive. If you get a police officer who’s a d*ck, or if you act like an a*shole or are intoxicated, the motorcycle will be impounded and you’ll have to not only get it out, you’ll have to reinsure and provide proof that you have insurance before you can get it released.I would strongly advise you not to drop your insurance coverage unless or until you are selling the motorcycle or having someone assume its payments. If the finance company discover that you have dropped the coverage (again, they will) things will get more expensive for you than if you just kept paying whether you’re driving it or not.
How can you get around motorcycle insurance?
I am trying to get a 2007 Kawasaki ZX-6R. I got denied for the kawasaki card, but they said I could probably get approved threw a bank or another lender. But that way I would need to get insurance, is there anyway of getting a loan without having to put insurance on the bike. I live in the state of florida if that helps.
How much do you pay for motorcycle insurance?
Florida doesn't require motorcycle insurance. So I pay nothing, however I own all my bikes.