How much is sport bike insurance? Motorcycle insurance can be expensive, while typically being significantly less expensive than auto insurance. A sports bike owner or a younger motorcycle rider will pay substantially more for insurance than other riders. In order to help you compare coverage and select the best plan for you, MoneyGeek has determined the average cost of motorcycle insurance both nationwide and by state. Based on our quotation data, we’ve compiled a list of the companies that provide the most cheap coverage. tennisqa.com will provide some of information for you in this post.
The Average Cost of Motorcycle Insurance in the US
How much is sport bike insurance? Even though motorcycle insurance rates differ from state to state, being aware of the average nationwide might be helpful. As an illustration, switching to full coverage will raise the typical annual cost of liability-only motorcycle insurance from $141 to $364. Keep in mind that additional factors can also affect your rates. For instance, the average cost of full coverage motorbike insurance for an 18-year-old is $1,064, while the average cost of full coverage motorcycle insurance for a 40-year-old who owns a sports bike is $3,924.
Keep in mind that the amount of insurance you need depends on more than just local laws. Lenders will likely require motorbike owners who are current on their payments to carry full coverage insurance.
How much is sport bike insurance? The chosen rider profile was a Honda Rebel 500 driven by a 40-year-old with a clean driving record. A cyclist who is 18 years old was chosen for the younger riders. Our Honda CBR1000 was utilized to cover sport bikes.
How Much Does Motorcycle Insurance Cost by Company?
The cost of motorbike insurance varies greatly amongst carriers because each one utilizes a different proprietary system to establish its rates. How much is sport bike insurance? One of the quickest and simplest ways to guarantee you get the lowest prices for your insurance coverage is to obtain various motorbike insurance quotes.
For instance, Progressive offers liability-only insurance at a price point of around $108 annually, while Harley-Davidson charges the highest premium at about $166 annually. Progressive and Dairyland are matched for the lowest rates for total coverage, with an average annual cost of $267, while Nationwide has the highest, at roughly $658.
Since each company sets its own prices, premiums might occasionally differ by hundreds or even thousands of dollars year. For instance, although there is a startling $391 difference on average between full coverage premiums from Progressive and Nationwide, there is only a $35 difference between full coverage premiums from Dairyland and Harley-Davidson.
MoneyGeek’s Recommendation for Best Motorcycle Insurance Company
The top motorbike insurance providers offer top-notch support and reasonably priced coverage that satisfies your demands. How much is sport bike insurance? MoneyGeek names Progressive and Dairyland as the top overall motorcycle insurance carriers after analyzing the average cost of premiums, discounts, and service ratings from J.D. Power for most significant motorcycle suppliers.
Best Overall: Progressive
PROS
- In all 50 states, Progressive offers motorbike insurance.
- Customers of Progressive can purchase hundreds of different forms of insurance, qualifying them for savings for purchasing multiple policies, in addition to motorcycle coverage.
CONS
- Despite having outstanding customer service ratings, Progressive behind Dairyland in terms of both the best customer service and the fewest complaints.
COMPANY HIGHLIGHTS
With some of the most affordable rates and a wide range of coverage options, including complete replacement cost, roadside assistance, and coverage for accessories and custom parts, Progressive is a top choice for motorcycle insurance. How much is sport bike insurance? Additionally, they provide a variety of discounts, such as bundle discounts, discounts for homeowners and motorcycle safety courses. Progressive also provides coverage for virtually every style of bike, including dirt bikes, ATVs, UTVs, cruisers, and custom bikes.
Second-Best Overall: Dairyland
PROS
- Receives great marks for customer service and pricing (particularly for complete coverage).
- A 24-hour hotline is available for submitting claims.
CONS
- Not all 50 states have access to Dairyland.
- Compared to suppliers of comparable size, the company receives more claims.
COMPANY HIGHLIGHTS
Dairyland offers affordable prices and first-rate customer support. Similar to Progressive, Dairyland provides a choice of coverage options and savings, including one for completing a rider safety course. How much is sport bike insurance? Depending on what works best for you, the company lets you select a policy directly through their website or through a third-party agent. There are just 42 states where Dairyland motorbike insurance is available.
The Cost of Motorcycle Insurance by State
Your motorbike insurance prices are significantly influenced by your location. How much is sport bike insurance? Your insurance prices may change after moving to a different state or even ZIP code, often by hundreds of dollars annually. This is so because a number of factors, including local and state rules and regulations, affect insurance premiums. Your prices may also change depending on the amount of collisions in a certain ZIP code, the accessibility of on-street parking, or even merely the population density.
