Motorcyle Insurance Quotes

Compare Motorcycle Insurance Quotes

Have you insured your motorcycle? If not, the wizards behind have simplified the process for you. We’ve done the research—so you don’t have to.

Read on and learn how to access the most competitive motorcycle insurance quotes online! 

Compare Motorcycle Insurance Quotes

Irrespective of the motorcycle in your garage, getting an insurance plan to protect you and your family from unexpected financial losses is of utmost importance. This is because your motorcycle is the passion that’s shared by friends and family. While your ride might be your passion, securing coverage to protect you and your family is important. Whether it’s a cruiser, sport bike, touring bike, a sweet custom job, unexpected financial losses could occur in the event of accidents, collision damage, and bodily injury. For this reason, the wizards behind MoneyWizard offer a wide range of coverage options from which to choose. 

Get the Best Motorcycle Insurance Rates

Is your motorcycle more than a means of transport? For some, their motorcycle is their source of pride and joy. When the weather’s perfect and the season short, losing evena day of riding is unthinkable. Bearing this in mind, we believe that riders shouldn’t have to pay unreasonable amounts of money for the privilege to ride, so we’ve done a great deal of research to help you save some money when purchasing an insurance policy for your motorcycle. In order to achieve this, we’ve compared quotes from a number of insurance providers in the marketplace—which is no easy task. This is because motorcycle insurance rates vary between states and depend on a number of different coverage options. With MoneyWizard, you will enjoy access to  the best insurance rates in the marketplace along with reliable information about money saving discounts, protection for different bikes, and multiple types of motorcycle insurance. With your zip code or phone number, we can get the best motorcycle insurance rates for you within seconds!

Types of Motorcycle Insurance

The common types of motorcycle coverage are:

  • Liability Coverage

Liability coverage will help you pay for other people’s property repairs or medical care bills when you are legally responsible for an accident. It is a mandatory requirement in some states. 

  • Collision Coverage

In case of collision with an object or another vehicle, collision coverage can cover the cost of repairs or replace your motorcycle. 

  • Comprehensive  Coverage

Your motorcycle can be damaged by  fire, theft, or vandalism. Comprehensive coverage may help pay for your bike’s repairs or replacement. 

  • Uninsured and Underinsured Motorist Coverage

If you’re involved in an accident with a rider who doesn’t have insurance or who doesn’t have enough coverage for the cost of your bike’s repairs uninsured and underinsured motorist coverage may help pay for the related repair or replacement costs.

These types of insurance represent the three levels of motorcycle insurance. Third-party Only (TPO) is the minimum legal requirement in the United States. It provides coverage for bodily injury to other people or damage caused to their property. Third-party Fire &  Theft (TPFT) covers injuries to other people, their property, and damage caused by calamities like fires. Comprehensive covers for damages or injuries to third parties, accidental damages, personal injury, and replacement costs. 

Benefits of Motorcycle Insurance

Motorcycle insurance is beneficial because:

  • It protects you and your family from unexpected financial losses. 
  • It provides coverage repairs or damages to your motorcycle in case of an accident. 
  • In case of accidental collisions, collision coverage will repair or replace your bike. 
  • In case of fire, theft, or vandalism, comprehensive coverage will cover your losses. 
  • Liability coverage will cover for injuries or damages to third parties when you cause an accident. 
  • It can also provide coverage for attached side cares, emergency roadside expenses, damages to protective gear, and trip interruption expenses. 

Motorcycle Insurance FAQ

How much is motorcycle insurance?

The cost of motorcycle insurance depends on factors such as your riding experience, the state in which you reside, and your preferred type of coverage. In the US, for instance, the average cost of motorcycle insurance is $702/year. Interested? With just your zip code, we’ll help you get an accurate quote online!  

Are motorcycles expensive to insure?

Generally, motorcycle insurance is cheaper than car insurance. Even if it is riskier to drive a motorcycle than to drive a car, the average cost for bike repairs after an accident is lower. Also, the cost of replacing a car is more than that of replacing a motorcycle. Even so, this might depend on other factors like your location, type of motorcycle, and the insurance coverage. 

Do I need a motorcycle license to get insurance?

Technically, you don’t need a license to register your motorcycle. But according to statutory laws and regulations, you need motorcycle insurance. In order to purchase insurance, most insurance agencies require that you have a motorcycle license for you to get insurance coverage. Considering these, it could be overwhelming to register your motorcycle without a license. 

Can I cancel my motorcycle insurance?

You can cancel your motorcycle insurance at any time. After the cooling-off period of 14 days, however, you will be charged a cancellation fee. The cost of cancellation depends on the insurer and will be set out on the terms and conditions of your insurance policy. In order to effect the cancellation, contact your insurance agency, inform them about your decision, and return your certificate of motor insurance after signing a declaration form for the cancellation.

Will customizing my motorcycle affect my premiums?

Customizing your motorcycle will affect your insurance. But as long as the safety of the bike isn’t affected, the modifications may be covered through ad-on coverage options. Buying optional insurance coverage for the customizations will almost certainly increase the motorcycle’s total premium payments. 

Modifications like crash bars, an% increase in engine capacity, and upgraded braking systems might have no effect on your premiums. Tank pads, suspension, and wheel modifications might result in moderate increases. Nitrous oxide injection, increasing the bike’s engine capacity by greater than 5%, and performance enhancing exhausts will affect your insurance premiums significantly. To avoid these, contact your insurance provider before customizing your motorcycle.