Get Cheap Motorcycle Insurance

Cheap Motorcycle Insurance FAQs

What is cheap motorcycle insurance?

A motorcycle insurance policy is designed to cover the cost of injuries to others and damage to their property when you have caused an accident.

You can also take out additional motorcycle insurance that can cover your motorcycle for unexpected events such as theft, fire, and damaging weather.

Some motorcycle coverage policies also cover collisions and will pay for the damage to your motorcycle if you hit an object or another vehicle.

As a motorcycle owner, you can also add accessory coverage to your insurance.

Insurance companies consider accessories to be separate from the bike itself and provide cover as additional motorcycle insurance.

Accessories can include:

• Paniers.
• Top boxes.
• Specialized exhausts.
• Sidecars.
• Kits that turn a bike into a trike.
• Trailers.
• Electronic devices for media playback.
• Customized seating.
• Motorcycle safety accessories like fairings.

Why do you need motorcycle insurance?

It may seem as though you shouldn’t need motorcycle insurance—especially comprehensive and collision coverage. You’re not alone in thinking this way, particularly if you only ride for a few months of the year.

The truth is that you should actually have this insurance in place to save money, and protect you and your bike, no matter what happens.

In 2019, motorcycle accidents in the U.S. killed 5,014 riders and injured another 84,000.

When it comes to the chances of having a motorcycle accident, the odds are high. To ride a bike you need more skill than to drive a car. In addition, a bike is not as stable on the road as a car.

Motorcycles are also more difficult to see on the road and motorists often don’t notice bikes while they are driving.

This means that motorcycle safety is critical and you’ll need to be covered for injuries, as well as any damage to your bike.

Over 51,000 motorcycles are stolen every year in the U.S. Theft is a big problem and by insuring your bike, you can cover the cost of buying a new one if yours is stolen.

Motorcycle insurance also covers any unexpected damages. Your bike could accidentally fall over and cost a great deal to repair. Insurance helps you pay for these unexpected events.

You can get a cheap motorcycle insurance quote by using our quick quote tool.

How can I get the most affordable motorcycle insurance?

Here are eight tips for finding cheaper motorcycle insurance coverage:

Compare rates: Different insurers target different customer groups. This means what is cheaper for one person may not be more affordable for you. Use a price comparison site like ours that allows you to compare different insurance policies to suit your specific requirements.

Consider local insurers: Bigger isn’t necessarily better. Many state-wide insurers have customer review scores at least as high as big-name motorcycle insurance providers. They may offer lower rates.

Get a discount: There are many reasons that you may qualify for a discount—for example, if you buy a home or turn 55. You can ask for a discount at any time, so make sure you call your insurer and ask.

Improve your credit score: Insurers in most states will consider your credit score when calculating your premium. Improving your score could save money.

Get basic cover for old motorcycles: If your motorcycle has a low value or is old, it may not make sense to get expensive cover like comprehensive and collision coverage.

Opt for higher deductibles: A deductible is the amount you pay before your insurer will pay you out toward settling a claim. You can save money on your quote by choosing a higher deductible. This is not always a good idea, as you would have to pay the higher deductible should you have an accident.

Find a motorcycle that’s cheaper to insure: Some more expensive bikes can be costly to cover. We can reduce your premium if you buy a motorcycle that is cheaper to insure.

How much should full motorcycle insurance cost?

Research shows that on average, motorcycle insurance costs $519 per year, or $43 per month.

Having said this, when it comes to motorcycle coverage, each state is different. Premiums will vary depending on the state you live in, the minimum liability coverage laws, and the length of the riding season.

Why is motorcycle insurance so expensive?

There are several reasons why your motorcycle insurance could be high.

1. Your age: Riders who are under 25 are statistically more likely to be involved in an accident. Even if they take a motorcycle safety course, they are a higher risk to insure. For this reason, it is often more difficult to save money on insurance coverage.
2. Your location: The insurance rates in each state vary, so your actual address can impact your insurance quotes. Considerations like the traffic volume, crime, and weather all influence how much an insurer will charge you.
3. Your driving record: Having points on your driving history or any DUI convictions for instance, will increase your insurance premiums.

Finally, insurance premiums are pushed up by the high number of uninsured drivers. If you are in an accident with an uninsured driver, you will be left paying for the damage.

The risk of this happening is factored in when you buy insurance, making it more expensive.

Why is motorcycle insurance so expensive for people under 25?

Motorcycle insurance prices decrease as you age. This is because you are seen as becoming a more experienced driver as each year passes.

For under 25s, insurance companies consider you to not be very experienced on the roads, and therefore you’re a higher risk for them to insure.

Interestingly, insurance premiums for younger women cost less than for younger men. This is because young men are more likely to be involved in accidents than women.

Does my credit score impact my motorcycle insurance rates?

Yes, having a good credit score will significantly reduce your insurance rates in most states.

The only exceptions are California, Hawaii, Massachusetts, Michigan, and Washington where your credit score is not taken into account when applying for insurance.

A good credit rating could reduce your premiums by up to 25%, while a poor credit rating could double it. Insurers do this because to them, your credit score tends to be a good indicator of whether you are a responsible driver or not.

Getting a motorcycle insurance quote will not affect your credit rating.

Is it better to pay for motorcycle insurance coverage every 6 months or monthly?

When it comes to motorcycle insurance coverage options, a 12-month motorcycle insurance policy is best if you have a clean driving record.

This is because it will guarantee you an affordable premium for a whole year. You can also get a discount for paying your premiums up front.

If this isn’t possible, or if you have points or a violation on your driving record, then paying for your insurance every 6 months or monthly is your next best bet.

Once the points on your driving record have expired, you can switch to a cheaper policy and annual payments may become possible.

Can I Bundle My Motorcycle Insurance with my Car Insurance Policy?

Yes—bundling your insurance products is a very good idea.

If you have homeowners insurance, car insurance, and motorcycle insurance all with one company, you can get much cheaper insurance premiums.

Insurance companies with bundled insurance options usually offer a discount of between 5 and 25% per policy. This can amount to huge savings.

To bundle your insurance you can use a tool like ours to find the best bundled insurance deals.

How can I get the best motorcycle insurance rates?

If you’re looking to get comprehensive coverage for your motorcycle, as well as collision coverage, you can get the best rates in the following ways:

Maintain a clean driving record: Make sure that you avoid getting any points or violations on your driving record as this could significantly increase your insurance premiums.

Bundle your insurance: Get your homeowners insurance, auto insurance, and motorcycle insurance from one company and save up to 25% on your insurance premiums.

Pay your insurance premiums upfront: If you pay your insurance premiums annually, you can ask for a good discount from your motorcycle insurance company.

What’s the difference between actual cash value, agreed value, and replacement value?

Your insurance premium could be affected by which option you choose when it comes to actual cash value, agreed value, or replacement value.

Actual cash value is the amount of money that your motorcycle is worth. This will be its market-related or book value. In other words, if you were to sell your motorcycle out of hand or to a dealer, you will get its actual cash value.

Agreed value is the amount of money that you are looking to receive if you need to replace your bike. This amount could be above or below the actual cash value.

Replacement value is generally the amount of money needed to replace your motorcycle with a new model of the same or similar specifications.

For example, if you have a Harley Davidson Sportster from a few years ago, the replacement value of that bike would be higher than your current machine’s actual cash value.

Should I have year-round motorcycle insurance?

Depending on the state that you live in, you may only ride your motorcycle for some months of the year, and may store your bike over winter.

For this reason, it makes sense to question whether you should still keep insurance to cover all those months.

The answer is yes, you should maintain insurance coverage throughout the year. You never know what may happen while your bike is in storage.

There could be a fire, or your bike could get stolen or damaged in some way. It’s also cheaper to maintain year-round coverage for your motorcycle.

How do you know if you have the right motorcycle insurance coverage?

When asking for insurance, it’s important to know exactly what coverage and benefits you are getting. Ask about coverage for the following:

Safety apparel: You may be able to get your helmet, jacket, pants, gloves, and boots covered.

Medical coverage: This is a must when riding a bike, so find out exactly what medical coverage your insurer is offering you.

Towing: This benefit comes in very useful if you are riding alone and have a breakdown on the side of the road.

Uninsured motorist: When the other party in an accident does not have insurance, this benefit means that your damages and medical bills will still be covered.

Roadside assistance: If you have a flat tire or run out of gas, roadside assistance can be a lifesaver.

What do all these motorcycle insurance terms mean?

Here is a list of common terms that your insurer will use in their policy documentation and when speaking to you about your insurance: