Do motorcycles need to pay insurance every year?
1 Answers
Motorcycles must pay insurance every year. Just like cars, motorcycles are required to purchase compulsory traffic insurance (CTPL) to be legally driven on the road, as motorcycles are also classified as motor vehicles. If a motorcycle is found operating without CTPL, it will be impounded, and the owner will face a fine equal to twice the insurance premium to retrieve the vehicle. Commercial insurance, on the other hand, can be optionally purchased based on the owner's needs. The premium for motorcycle CTPL is also uniformly regulated by the state and is primarily related to the vehicle's engine displacement. However, the coverage and exclusions of motorcycle CTPL are essentially the same as those for cars. Methods to purchase motorcycle insurance: Local insurance company purchase: Owners can purchase insurance from local insurance companies, as all insurers offer CTPL. Vehicle management office purchase: Motorcycle insurance can also be purchased at the vehicle management office. Whether in urban areas or county-level cities, there are generally dedicated motorcycle insurance service points. Therefore, motorcycle owners who wish to purchase insurance can also do so at their local vehicle management office.