What is the purpose of motorcycle insurance?

Motorcycle insurance primarily serves the purpose of ensuring financial protection in case of accidents. This type of insurance can cover the costs associated with damages to your motorcycle, medical expenses for injuries sustained by you or others involved, and liability for any damage you may cause to another person's property. In the event of an accident, having insurance can help alleviate the significant financial burden that can arise from repairs, medical bills, and legal fees.

While it is true that some insurance policies may offer coverage for theft and potentially cover certain aspects of maintenance as part of broader policy options, those are not the primary reasons for purchasing motorcycle insurance. Similarly, while not wearing a helmet might seem appealing to some, it does not relate to the financial protection provided by insurance; rather, helmet laws are related to safety regulations and do not influence the necessity or purpose of insurance coverage. Thus, the focus of motorcycle insurance remains on providing a safety net should an accident occur.