Motorcycle insurance protects the rider against any damages incurred by the bike and provides ample monetary compensation. It also covers damages caused to others and their property when the owner is at fault. The global motorcycle insurance market is bound to reach an astounding value of USD 900 billion by 2026, according to the latest report by Market Research Future (MRFR). It is poised to register 5% CAGR over the forecast period (2020-2026).