Can you file SR22 insurance under a motorcycle policy?

Motorcycle insurance in Illinois is subject to the same rules and regulations for 'motorized vehicles' insurance. This means that all motorcycle liability insurance policies are subject to the State minimum limits of 20/40/15 or $20,000 bodily injury per person,  $40,000 bodily injury per accident, and $15,000 property damage per accident.

Liability auto insurance in Illinois are similar to those liability motorcycle insurance limits.  The laws controlling the policies are the same. Also, issuing a motorcycle insurance policy goes through the same process that a liability auto insurance policy goes through. The fundamental differences between them are:
Motorcycle Insurance Rates in Chicago Illinois
Liability insurance rates for motorcycles are lower than Liability insurance rates for automobile, assuming other things the same. The main reason is the fact that when a motorcycle crashes with other objects it will cause less bodily injury and property damages to others than when an auto does the crash.

Physical damage insurance rates for motorcycles (comprehensive and collisions) are more expensive than comprehensive and collision on a personal auto policy, assuming other things (including actual cash values of the motorized vehicles are the same.) Basically there will be more damage to the motorcycle when it crashes compared to damages incurred to the regular auto when it crashes.

Driver's licenses in Illinois required to ride motorcycles include class M & L. A Class M license allows you legally ride a motorcycle. A Class L license allows you to ride  any motorized  cycle with fewer than 150 cc. A Class D operator's license permits licensees to operate most passenger autos. When you are required to maintain financial responsibility or SR22 the requirement is normally to keep your Class D license privileges active. For that reason, auto coverage or similar non owner auto insurance is required to maintain the driving privileges.

To make it short, while mandatory insurance limits are the same for auto insurance and motorcycle insurance, the Classes of Operators Licenses are different. If you are looking to reinstate the Class D operators license (to drive personal autos), then you need financial filing  (or SR22) for a personal auto coverage or something better (commercial auto or non owners).
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Insurance Navy, 4717 N Pulaski Rd, Chicago, Illinois 60630 (773) 478-3700. We stay focused on Auto Insurance in Chicago Illinois and low rates for Illinois SR22

Home About Services Partners Contact Blog RSS Feed