How Much is Motorcycle Insurance & Is It Required in Colorado?

November 21st, 2018 by

Man riding yellow and black Ducati Monster

If you’re wondering what to expect when it comes to motorcycle insurance costs and where to find the best motorcycle insurance rates near Westminister, you’ve come to the right place! The team at Erico Motorsports is here to help answer all your FAQs about motorcycle ownership, from motorcycle insurance in’s and out’s to how to get a motorcycle license.

Do You Have to Have Motorcycle Insurance?

If you own a motorcycle in Denver or the surrounding areas, then you are required to have motorcycle insurance in order to comply with Colorado state law. You must have the following motorcycle liability insurance, so you can pay for potential damages and injuries in the event of a collision. This includes:

  • $25,000 per person for bodily injury
  • $50,000 per accident for bodily injury
  • $15,000 per accident for property damage

Motorcycle Insurance Cost

There are a number of factors that go into determining the cost of motorcycle insurance, including:

  • The quality and type of motorcycle insurance you purchase
  • Where you live
  • Your age and gender
  • The age, model, and mileage of your motorcycle
  • How many miles you expect to drive in a year
  • Motorcycle use (type of recreational or professional use planned)
  • Your personal credit history

In general, drivers in and around Aurora can expect to pay an average of around $500-600 per year, or around $50 per month, though you could pay as little as $40 per month and as much as $80 per month, depending on the factors listed above.

Types of Motorcycle Insurance

In addition to the motorcycle liability insurance coverage discussed above, which is used to cover another person’s property and injuries, you can also purchase more premium motorcycle insurance plans that cover things like:

  • Collision coverage for your own motorcycle
  • Personal medical coverage
  • Uninsured/uninsured motorist coverage
  • Comprehensive coverage for vandalism and other types of damage to your motorcycle
  • Roadside assistance
  • Rental reimbursement

Get Help with Colorado Motorcycle Insurance Requirements from Erico Motorsports

Find out more about how to get a motorcycle insurance quote from Erico Motorsports, your Denver motorcycle dealer. Get more information about motorcycle ownership by contacting us directly, or make the trip from Thornton to our dealership to check out our current new motorcycle inventory!

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