Motorcycle Insurance More motorcycle accidents happen on Saturday than any other day of the week, and in July than any other month.* Motorcycle insurance is evaluated both on state legal guidelines and riders’ risk tolerance. Rates vary based on the policy selected, and these policies take into account coverage amounts, discounts that may apply, and your premium. Insurance companies take into consideration how much it will cost them to assume financial responsibility for individuals and equipment.As with auto insurance, motorcycle insurance also includes different aspects of coverage such as bodily injury, property damage, uninsured motorist, and medical expenses. Different policies have different amounts of coverage, so it is important for each rider to take into consideration how much coverage they want or are required to have.*“Progressive® Insurance 2014 Year in Claims Report: Motorcycle.” Progressive. November 2015.