Ready to get a cheap motorcycle insurance policy? Reach out to one of our expert agents to get a free motorcycle insurance quote. Just enter your zip code, bike year, make and model, and driving history to get an instant quote!
You can get a motorcycle quote from us either at one of our many locations or online with your zip code in just a few clicks via our website or mobile app. We are also just one call away. Get a motorcycle insurance quote online and ride off on your motorcycle worry-free tomorrow.
What does Motorcycle insurance cover?
Motorcycle insurance insurance includes liability, collision, comprehensive, and optional add ons like roadside assistance or equipment breakdown coverage.
You can even go beyond that to add on specialty insurance. What a quote covers and its benefits and perks are outlined below.
Motorcycle liability insurance
Liability insurance covers bodily injury liability and property damage liability coverage in case you cause an accident. Like auto insurance, there is a minimum amount of insurance motorcycle operators are expected to carry in several states.
It is important to remember that liability coverage will not assist with your bodily injury or damage to your property. Liability insurance offers coverage for the other person involved in the collision.
Motorcycle collision coverage
Collision insurance coverage pays for repairs to your motorcycles after an accident, no matter who was found to be at fault. This will be a crucial piece of your insurance policy as it ensures that your bike will be repaired regardless of who is at fault.
Collision Coverage is vital, especially since liability insurance offers no protection for fixing your bike.
Comprehensive coverage for Motorcycles
Comprehensive coverage pays for non-collision-related damage to your motorcycles. This includes vandalism, theft, and fire.
It is important to note that you can only enact comprehensive coverage if the damage you need to repair was caused outside of an accident. This is another essential type of insurance for motorcycle owners.
Specialty Motorcycle insurance coverage
What has been explored above are some of the significant types of affordable motorcycle insurance coverage options to protect your bike. There are several optional coverage add-ons that insurance providers offer when providing quotes to customers to help them expand coverage:
Towing and Roadside assistance
Suppose your motorcycle has mechanical issues while on the road. Roadside assistance is there to help fix the problem or tow you to a shop. The last thing you want is to be stranded on the road, and we offer all types of road assistance to help in these situations.
Uninsured motorist insurance
A surprising number of people in the U.S. are uninsured drivers - 12.6% of them to be exact. Places like Florida, Mississippi and New Mexico have even higher uninsured rates. Uninsured/underinsured motorist coverage can add $50 to $150 to your annual insurance premium, but it will cover your medical bills and bike repairs if you get hit by someone with no insurance or not enough insurance to cover the damage. Illinois requires that this coverage be offered, though Texas does not - but they highly recommend it with a 30/60 minimum.
Equipment
Motorcycle riding requires accessories like a helmet and other protective gear. Your insurance policy can cover the equipment and others if they are damaged in an accident.
Replacement cost
After an accident, your motorcycle may be beyond repair. For instances like that, you can get replacement coverage that will pay for replacing your bike.
Personal injury protection (PIP)
Personal injury protection (PIP) is a crucial policy option to have. This type of insurance will pay for any medical expenses you and your passenger accumulate following an accident.
It pays out for personal injury claims no matter who was found to be at fault. This is often called no-fault insurance and is mandated for drivers in several states.
What types of Motorcycles are covered?
It covers vehicles from traditional motorcycles, vintage bikes, scooters, or mopeds.
Listed below are some common types of motorcycles that insurance providers offer personal coverage options for.
Cruisers
This is the most popular type of motorcycle, usually with an engine visible from both sides. Harley-Davidson is the most common brand of these touring bikes followed by the Honda Shadow, Yamaha V Star, and Indian Scout. The V-twin or full-view engine, like on a Harley Davidson, is what you’ll find on most cruisers.
Sport Bikes
High-performance motorcycles are built for speed including the Yamaha YZF-R1, Suzuki GSX-R series, and Ducati Panigale. These sports bikes are driven on the streets but make excellent everyday transportation when needed!
Dirt Bikes
The dirt bike is a lightweight motorcycle with rugged tires and upgraded suspension. Dirt Bikes such as the Honda CRF, Yamaha YZ, and KTM EXC series are exhilarating two-wheeled vehicles that can be used for outdoor adventures, including off-road racing or simply commuting to work on weekends.
ATV’s and UTV’s
Off-road vehicles can be four-wheeled or have up to eight wheels. Some popular models are the Polaris RZR, Can-Am Maverick, Honda Pioneer, and Yamaha Wolverine
Do you need Motorcycle insurance?
Illinois requires a minimum of $25,000 bodily injury for one person, $50,000 for all people involved in a crash, and $20,000 for property damage if you're involved in a motorcycle accident.
Texas requires 30/60/25 minimums - $30,000 for one person, $60,000 for all people in the crash, and $25,000 for the other persons property.
Florida is the only state that does not require motorcycle liability insurance but mandates medical benefits of $10,000 if a rider is injured and they lack health insurance.
California requires a minimum of 15/30/5.
Only Florida and Montana don't require some kind of liability coverage on motorcycles, but all states will require you to take some financial fall if you cause an accident.
How Much Does Motorcycle Insurance Cost?
Motorcycle insurance costs vary a lot - depending on what kind of motorcycle you have, your age and where you live. Here are some rough estimates of what you might pay each year:
Cruisers like Harleys or Indians will cost you between $200 and $500 per year
Sport bikes like a yamaha R6 or a Kawasaki Ninja twin will set you back $800 to $2,000 annually
Touring bikes like a Honda Goldwing or a BMW K1600 will cost you between $300 and $700 per year
Scooters or Mopeds like a Vespa or PCX will run you between $100 and $300 each year
If youre under 25, you can expect to pay 50 to 100% more than you would if you were over 30.
Factors that determine your Motorcycle insurance rates
Several factors affect how much you will pay for a motorcycle insurance policy. Some can be customized to lower your quote, while others you can’t control. Still, it is essential to understand what sort of information is causing your premiums to be at their price.
Factors insurance companies consider when getting a motorcycle insurance quote:
Type of motorcycle
The make and model of the bike you want to insure will significantly determine your rates. High-speed, big, expensive bikes tend to cost you more to insure because of their replacement costs. A sports bike, on average, has higher insurance quotes than a cruiser or touring motorcycle.
Age
A rider between 16 and 20 is going to pay the most and will be paying 100 to 150% more than a rider 30 plus years old. I mean, a 19 year old buying a Kawasaki Ninja 650 might pay $1,800 to $2,500 per year while a 35 year old with the same bike and a clean record pays $600 to $900. Rates usually stabilize after 25 and then drop again after 50 for riders who have no claims against them.
Usage
How you plan to use your bike can impact your rates. Suppose you purchase a fast, high-performance motorcycle, like those used for racing. In that case, you can expect to pay more for insurance. However, a smaller bike, like a scooter, will be cheaper. Bikes used sparingly will have a lower quote.
Driving record
Much like auto insurance, your driving record will be considered when deciding insurance premiums. The safer driver you are, the lower your rates will be. Every claim and accident will be listed on your record, which insurance providers then consider when giving you a quote.
Motorcycle Endorsement
Most motorcycle insurance companies will require a valid motorcycle license to provide you affordable rates.
Location
Here are the average annual motorcycle insurance premiums for each state:
California $696
Florida $727
Texas $582
Michigan $862
Louisiana $891
Illinois $534
Georgia $489
Its worth noting that places like Chicago, Houston, or Los Angeles where there is a lot of urban traffic and theft is going to cost you 20 to 40% more than if you were in a more rural area in the same state.
If you live in a state where people ride their bikes all year round you can expect to pay more for insurance because of the higher claims rate. States that have no breaks in their riding season experience higher premiums.
Coverage level
Liability only coverage costs an average of $75-200 per year for most riders. Adding collision to the policy increases premiums by $150-$400 per year. Full coverage, which consists of liability, collision, and comprehensive typically costs $300-$800 per year for cruisers and $1000-$2500 per year for sport bikes
However, it is essential to remember that skimping on coverage for a lower rate can put your finances at risk, especially if you have a total loss.
How can I get the Cheapest rates on Motorcycle Insurance?
Common motorcycle insurance discounts are listed below.
Motorcycle safety course discount
Completing the MSF (Motorcycle Safety Foundation) Basic RiderCourse can save you 5 to 15% on your premiums. Some places offer free courses and if you complete the MSF course you may be able to get a 10% discount with most insurance companies.
Multi-Policy Discount
Bundling motorcycle insurance with your auto or home insurance can save you 10 to 25% off of your premiums. For example, at Insurance Navy, if you bundle motorcycle with auto you can save anywhere from $150 to $300 per year. Adding renters insurance to a motorcycle policy can cost as little as $12 to $18 a month while also qualifying you for multi-policy discounts.
Install safety features and anti theft devices
Some insurance providers will offer you discounted rates based on safety features and anti theft devices installed. The safer your motorcycle is, the less you should get into accidents, meaning fewer claims for insurers to pay for. Ask your insurance agent about the complete requirements for such a discount.
Stay claim free
Maintaining a clean driving record is the best way to keep your insurance quotes low. Claims can raise your rates, and if you go to change insurers, your record follows. Companies typically want to insure customers who practice safe driving and don’t come with a high insurability risk.
Motorcycle riders group discounts
Some providers may offer discounted rates on your motorcycle policy if you are part of a riding club or motorcycle association. When you go looking for a quote, check if there is a section for rider group membership. If your group is listed, you could get savings on rates.