Motorcycle Insurance in Colorado: The Cheapest Quotes and Best Companies

What Is the Average Motorcycle Insurance Cost in Colorado?

MoneyGeek compared different rider profiles to determine average premiums from insurance companies throughout the state, taking into account factors such as coverage amounts, age, motorcycle model, years of riding experience, and riding record. The cost of motorcycle insurance in Colorado varies based on various factors.

The average across the nation is $43 more. This amounts to approximately $27 per month or $321 per year, on average, for a comprehensive insurance plan in Colorado.

Colorado riders pay an average of less than $51 per month or $91 per year for liability-only coverage, which offers scant protection after an at-fault accident, while minimum coverage is cheaper than the national average.

The average rates provided in this study consist of a $500 excess, $25,000 in insurance for property damage liability, and bodily injury liability coverage of $50,000/$100,000.

Car Insurance Costs by Coverage Type

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  • Average Cost for a 12-Month Period in Colorado.

    Average 12-Month National Cost

  • Full Coverage.

    $321

    $364

    -$43

  • Liability Only.

    $91

    $141

    -$51

  • How Much Motorcycle Insurance Coverage Do You Need in Colorado?

    Most states require bikers to have at least the minimum insurance while operating their vehicle. Colorado’s minimum coverage requirements encompass:

  • $25,000 per person for bodily injury liability (BI).
  • $50,000 liability for bodily injury per accident.
  • $15,000 PD (property damage liability).
  • How Much Insurance Coverage Is Required in Colorado?

    If you purchase this policy and are involved in an accident for which you are deemed responsible, your insurance provider will be required to adhere to these coverage limits and compensate for any damages incurred. The state of Colorado has mandated a minimum coverage threshold of 25/50/15 for all motor vehicles, which implies that your motorcycle insurance in Colorado should include liability limits of no less than $25,000 for bodily injury per individual, with a combined total of $50,000 per accident, and $15,000 for property damage liability coverage.

    Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Colorado?

    Only property damage and bodily injury coverage are necessary. Riders in Colorado are not required to purchase coverage for underinsured motorist, uninsured motorist, or personal injury protection (PIP). You have the option to include additional features in your insurance plan to increase your level of protection.

    MoneyGeek’s expert tip.

    MoneyGeek recommends that Colorado motorcycle riders opt for a minimum coverage of 50/100/25, at a slightly higher expense, in order to obtain significant additional safeguards. Additionally, you may want to contemplate raising your coverage to 100/300/100 for enhanced protection, albeit at a small extra fee.

    How to Get a Motorcycle Insurance Quote in Colorado

    To find the most affordable motorcycle insurance in Colorado, make sure to compare different quotes and explore your options. With the provided details, obtaining an online quote will be a simple and convenient process.

  • Your ZIP code and address in Colorado.
  • Your birthdate.
  • Car year, brand and style.
  • Riding record.
  • Insurance coverage choices (see below for additional details).
  • Frequently Asked Questions About Motorcycle Insurance in Colorado

    MoneyGeek responds to commonly asked questions about motorcycle insurance in Colorado to assist motorcyclists in making the correct decision.

    The Cheapest Motorcycle Insurance in Colorado

    Full insurance coverage offers higher limits of liability and greater protection after an accident, but it is more expensive. This policy may seem tempting as it offers low cost coverage, but it may prove to be inadequate in providing sufficient financial protection after an accident.

    MoneyGeek utilized quotations for a decent rider with a 50/100/25 liability-only coverage plan for the prices listed beneath.

    Cheapest Liability-Only Motorcycle Insurance Quotes in Colorado

    According to the average prices, the most affordable options for a secure cyclist with liability-only motorbike insurance in Colorado are:

  • Markel: $58 annually.
  • Progressive: $76 annually.
  • Markel’s prices are 48.2% more affordable than those charged by the most expensive company, Harley-Davidson.

    Average Annual Premium for Liability Coverage

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    Cheapest Full Coverage Motorcycle Insurance Quotes in Colorado

    MoneyGeek advises riders in Colorado to purchase a comprehensive and collision insurance policy to keep in mind for those who are still making payments on their bikes and have the most riders who are still making payments on their bikes.

    In Colorado, the least expensive providers are those that offer a full coverage policy including a $500 deductible and coverage of 25/100/50, which is ideal for a cautious biker.

  • Dairyland: $230 annually.
  • Harley-Davidson: $247 annually.
  • The insurance rates from the most budget-friendly company, Dairyland, are 48.3% cheaper than those from the most expensive carrier, Markel.

    Average Annual Premium for Comprehensive and Collision

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    The Best Motorcycle Insurance Companies in Colorado

    MoneyGeek calculated the overall ratings of motorcycle insurance companies in Colorado by considering factors such as affordability, financial stability, and the quality of products and services offered. Based on this information, Dairyland emerged as the top motorcycle insurance company in the state.

    MoneyGeek’s study uncovered that the top three motorcycle insurance providers in Colorado are:

    Geek Rapid Assessment.

    Pros.

  • Affordable initial payment charges.
  • Welcomes adventurous riders.
  • Round-the-clock phone claims assistance.
  • Cons.

  • The cost of liability coverage in the state is not the most affordable.
  • Does not have an online function for reporting claims.
  • Coverage and discounts may not be accessible in every area.
  • Further Information Regarding Dairyland.

    Comprehensive insurance plans have an annual cost of $230. On average, the company charges $96 per year for insurance that only covers liability. Dairyland holds the top position in Colorado, boasting an impressive rating of 88.49 out of 100.

    Dairyland provides discounts for customer loyalty, owning multiple motorcycles, and completing rider safety courses. In order to assist customers in reducing their premiums, Dairyland includes uninsured motorist bodily injury, property damage, bodily injury liability, and trip interruption coverage as part of its standard policies. Moreover, Dairyland offers coverage for all types and brands of motorcycles, scooters, and mopeds. Additionally, they provide additional coverage options for vintage motorcycles, trikes, accessories, and custom bikes.

    Geek Rapid Assessment.

    Pros.

  • Obtain complimentary quotations and purchase online insurance for bicycles.
  • Convenient mobile application.
  • A variety of additional coverage choices.
  • Cons.

  • Discounts are not available in every state.
  • Unsatisfactory rating of customer satisfaction.
  • Only policyholders who have held their policies for a minimum of four years and have had three consecutive years without any accidents are eligible for Large Accident Forgiveness, which provides coverage for the first accident occurring within the year.
  • Further Details Regarding Progressive.

    The yearly cost of a comprehensive plan is typically $312 on average. The company has an average annual rate of $76 for coverage that only includes liability. In Colorado, Progressive comes in second place with a score of 88.46 out of 100.

    Progressive offers several unique coverages. It stands out by providing several unique add-ons. If you are incapacitated due to an incident covered by the company’s enhanced injury protection policy, Progressive will pay $250 per week for up to two years. Their disappearing deductible feature reduces your deductible by 25% for every claim-free term policy. Another notable add-on is accident forgiveness, which ensures that your premiums won’t increase for claims less than $500. Additionally, Progressive offers automatic coverage for custom parts and original equipment from manufacturers.

    Geek Rapid Assessment.

    Pros.

  • Various loyalty discounts and rewards programs.
  • 24/7 telephone and internet claims submission.
  • Coverage provided for particular bicycle models.
  • Cons.

  • Does not offer a mobile application.
  • Unable to combine with automobile insurance.
  • More expensive than other competitors.
  • Additional Information Regarding Harley-Davidson.

    The average cost for a full-coverage insurance plan is $247 per year, while the average cost for liability-only coverage is $112. Harley-Davidson is the third-best motorcycle insurance company in Colorado, with a score of 86.10 out of 100.

    Following a covered incident, in the event that your motorcycle becomes inoperable, Harley-Davidson’s rental compensation feature will additionally cover the expenses of renting a bike. Any alterations are encompassed by supplementary coverage choices that cater to a variety of motorcycles, and Harley-Davidson provides further savings if patrons purchase supplementary features, like scheduled upkeep. Individuals desiring to include a new motorcycle in their plan, regardless of whether they are existing customers or not, may be eligible for one of Harley-Davidson’s numerous discounts.

    Methodology

    To help users find the best motorcycle insurance in Colorado, MoneyGeek captured prices from different insurance companies based on different coverage amounts. We ranked the best providers in the state based on a unique scoring system that gave 30% weighting to services and products, 60% weighting to affordability, and 10% weighting to financial stability. Our information is accurate as we collected the most recent and trustworthy sources from government laws, license and requirements coverage, and insurance coverage.

    Mark Fitzpatrick’s background and information.

    Mark Fitzpatrick headshot

    Mark Fitzpatrick, a senior content director at MoneyGeek with over five years of experience, has been quoted in various publications such as Mashable, NBC News, CNBC, and several others on topics related to insurance. He specializes in creating personalized content and conducting original research, while also analyzing the insurance market for every buyer.

    Mark, who obtained a bachelor’s degree from Boston College and a master’s degree in International Relations and Economics from Johns Hopkins University, is passionate about using his knowledge of insurance and economics to promote transparency and help others feel confident about money matters.