Get the Best Sport Bike Insurance Rates and Coverage

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A motocross racer jumps over a dirt mound during a competitive outdoor race under a BELL archway.
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To get the best sport bike insurance rates and coverage, consider your bike's value and usage. A higher value bike requires more comprehensive coverage.

A sport bike's high-performance capabilities and expensive parts mean higher repair costs. This is why some insurance policies have higher deductibles for these types of bikes.

Riding your sport bike to work or school can increase your premiums, but if you ride it only on weekends, you may qualify for lower rates.

Cost and Pricing

Sport bike insurance costs can be quite high due to the bike's desirability and high-performance aspect, making them prime targets for theft.

You can get liability insurance on your sport bike for as low as $75/year with Progressive, but your rate may vary depending on the type of bike and the amount of coverage you want.

High-speed sports bikes will command higher insurance premiums than equivalent naked bikes, and the capacity of the machine will also have a big impact on the premium.

Insurers have found that sportbikes are frequently stolen and easily damaged in an accident, which can combine to make insuring a sportbike expensive.

If you keep your bike secured in a garage overnight, it's likely to lower your insurance premium.

If this caught your attention, see: Electric Bikes

What's the Cost?

Harley Davidson Motorcycle
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Sport bike insurance can be a significant expense, but the cost varies depending on several factors.

You can get liability insurance on your sport bike for as low as $75/year with Progressive, but your rate may vary depending on the type of bike you have and the amount of coverage you want.

An inexperienced rider with a newer model sport bike will likely pay more than an experienced rider with an older ride, which is why many insurance companies offer discounts for things like bundling your policy and motorcycle safety courses.

High-performance bikes like sports bikes are more expensive to insure due to their desirability and higher risk of theft, which can bump up premiums.

The capacity of the machine will also have a big impact on the premium, with larger engines commanding higher insurance premiums.

A 125cc sports bike is generally cheaper to insure than a 1000cc equivalent, but an inexperienced rider on a 125cc bike may end up paying just as much as an experienced rider on a larger bike.

Two Men Riding Orange-and-black Sports Bikes While Doing Exhibition
Credit: pexels.com, Two Men Riding Orange-and-black Sports Bikes While Doing Exhibition

You can take steps to minimize your rates, such as locking and securing your bike, using security markings and tracking devices, and racking up a good no claims bonus.

Comparing rates from multiple companies is the only way to know how much you will have to pay for sport bike insurance, and using a comparison site like MCN Compare can help you get the cheapest cover possible.

Total Loss Coverage for New

Total loss coverage for a brand-new bike can be a lifesaver if it's totaled in a covered accident. You'll get the full retail value of your bike, minus your deductible, to buy a new one.

For example, if you buy a bike for $15,000 and it's only worth $10,000 after depreciation, you'll get the full $15,000 to buy a new one.

Insurance Types and Coverage

Bodily injury liability coverage is a must-have, as it covers medical expenses and lost wages of another driver if you're at fault in an accident.

Credit: youtube.com, Motorcycle Insurance...make sure you have the RIGHT coverage.

Property damage liability coverage takes care of damage you do to someone's property, including vehicles, storefronts, and homes.

Comprehensive coverage is essential for covering costs of repairs due to theft, floods, wind, and vandalism.

Collision coverage is a no-brainer for sport riders, as it covers repairs to your bike after an accident, even if it's a simple drop.

With sport bikes, the risk of severe injuries and longer recovery times is higher, so consider enhanced injury protection that can pay up to $250 per week for up to two years if you can't work due to an injury.

Coverage

Bodily injury liability coverage is a must-have, covering medical expenses and lost wages of other drivers if they're injured in an accident where you're at fault.

This type of coverage also protects passengers on your bike. It's a crucial aspect of insurance that can save you from financial burdens in case of an accident.

Credit: youtube.com, Understanding Auto Insurance: What’s ‘Full Coverage’ Car Insurance?

Property damage liability coverage takes care of damage you do to someone's property if you're found at fault in an accident. It covers vehicles, storefronts, homes, and more.

Medical payments coverage is another essential aspect, covering x-rays, ambulances, and other medical expenses, but with a limit of what's deemed reasonable and necessary.

Personal injury protection is for your protection and your family's, covering medical expenses, lost income, or funeral expenses.

Collision coverage is a must-have for sport riders, covering repairs to your bike if you hit a car, motorcycle, tree, or building. A single drop can cause hundreds or thousands of dollars in damage to modern sport bikes.

Comprehensive coverage covers damages not involving an accident, such as theft, floods, wind, and vandalism. It typically covers the cost of repairs up to the value of your bike.

Bodily injury & property damage liability (BI/PD) is included in your policy and covers any damages you cause to other motorcycles, vehicles, and property, as well as injuries to other riders or drivers.

Enhanced injury protection can pay you up to $250 per week for up to two years if you can't work due to an injury, especially important for those who ride at higher speeds.

Men Riding Motorcycles
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Comprehensive motorcycle coverage pays to repair or replace your bike if it's damaged from hitting an animal, weather-related incidents, or other events out of your control.

Total loss coverage can cover the full retail value of your bike if it's totaled in a covered accident, minus the cost of your deductible, if your sport bike is less than one model year old.

If you're in the market for a sport bike, there are several popular models to consider. The Kawasaki Ninja 250R is a great option for beginners, offering a lightweight and fuel-efficient design.

The Kawasaki Ninja 300 is another popular choice, with a slightly larger engine and improved handling. It's a great option for those looking to upgrade from the Ninja 250R.

The Kawasaki Ninja 650 is a more powerful bike, with a 649cc engine and sport-tuned suspension. It's a great choice for experienced riders looking for a thrilling ride.

Recommended read: Sport Bikes Comfortable

Woman and Man Riding on Motorcycle
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For those who want to take their riding to the next level, the Suzuki GSX-R1000 is a top-of-the-line option. It features a 999cc engine and advanced aerodynamics for maximum speed and agility.

If you're looking for a more affordable option, the Suzuki GSX-R600 is a great choice. It has a 599cc engine and is known for its exceptional handling and braking performance.

Here are some of the most popular sport bikes to insure:

  • Kawasaki Ninja 250R
  • Kawasaki Ninja 300
  • Kawasaki Ninja 650
  • Kawasaki ZX-6R
  • Suzuki GSX-R1000
  • Suzuki GSX-R600
  • Yamaha YZF-R1
  • Yamaha YZF-R6

The Yamaha YZF-R1 and YZF-R6 are also popular options for sport bike enthusiasts. They feature advanced aerodynamics and high-performance engines for maximum speed and agility.

Tips and Comparison

Sport bikes are the most expensive class of motorcycle to insure, with insurers citing high accident and fatality rates, as well as frequent theft.

A sportbike is often defined as a high-performance motorcycle, and insurers have found that these bikes are more likely to be stolen and damaged in an accident.

Comparing rates from multiple companies is the only way to know how much you'll pay for sport bike insurance, and a tool is available to make this process easier by allowing you to input your information once and get multiple quotes.

Tips for Quoting

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Quoting sport bike insurance can be a bit overwhelming, but don't worry, I've got some tips to help you get the most accurate quote.

Increasing your comprehensive or collision deductible will help lower your premium. This is a simple way to save money on your insurance, but be aware that you'll need to pay more out of pocket if you need to file a claim.

Knowing your bike's year, make, and model is crucial to getting the right quote. You'll need the vehicle identification number to purchase a policy, so make sure you have that handy.

Disclosing any modifications you've made to your bike's engine, like a turbo kit or any other enhancements, is essential. Failing to mention these could lead to your insurance being voided if you need to file a claim.

To protect against motorcycle theft, fire, or vandalism, consider adding comprehensive coverage to your policy. This will give you peace of mind and financial protection in case the worst happens.

Additional reading: Claim Insurance

Compare Insurance Rates Instantly

Two motorcyclists in gear, standing with their sport bikes on an open road
Credit: pexels.com, Two motorcyclists in gear, standing with their sport bikes on an open road

To compare insurance rates instantly, you can use a tool that allows you to input your information once and get multiple quotes. Just enter your zip code to discover the least expensive sport bike insurance for you.

Sportbikes, also known as supersports, are the most expensive class of motorcycle to insure. They have the highest accident and fatality rates of any class, according to the Highway Loss Data Institute (HLDI).

Insurers consider sportbikes to be high-risk due to their frequent theft and ease of damage in an accident. This can make insuring a sportbike expensive, sometimes prohibitively so.

To minimize your rates, compare rates from top insurers instantly and find the best deal for you. You can also take steps to lower your premiums, such as using a comparison tool to find the least expensive option.

Motorcycle and Rider

Sport bikes are designed for speed and agility, with powerful engines and lightweight frames.

Two bikers with helmets standing beside their sport motorcycles during twilight on a road.
Credit: pexels.com, Two bikers with helmets standing beside their sport motorcycles during twilight on a road.

These characteristics make them more prone to accidents, especially for inexperienced riders.

The average cost of a sport bike is around $10,000, which can be a significant investment for many riders.

Sport bike riders are more likely to be involved in accidents due to their high-speed nature, making insurance a crucial consideration.

According to the National Highway Traffic Safety Administration (NHTSA), motorcyclists are about 28 times more likely to die in a crash per vehicle mile traveled than passenger car occupants.

Riders under the age of 25 are more likely to be involved in a motorcycle accident, which is why many insurance companies offer higher premiums for younger riders.

Sport bike insurance policies often include additional coverage options, such as roadside assistance and bike repair services.

Getting a Quote and Coverage

To get the most accurate quote for your sport bike insurance, you'll need to know your bike's year, make, and model. This information is crucial to get a reliable quote.

Photo of Man Riding Motorcycle
Credit: pexels.com, Photo of Man Riding Motorcycle

Having your vehicle identification number (VIN) handy will also make the quoting process smoother.

Increasing your comprehensive or collision deductible can help lower your premium, but be aware that this means you'll pay more out of pocket if you need to file a claim.

Disclose any modifications you've made to your bike's engine, like a turbo kit or other enhancements, as these can affect your premium.

Adding comprehensive coverage can protect your bike against theft, fire, or vandalism, giving you peace of mind.

Here are some common sport, street, and high-performance bikes that we insure:

You can get a liability policy for as low as $75/year, but keep in mind that this is just a starting point, and your actual premium may vary.

Expectations and Risks

As a sport bike enthusiast, I've seen my fair share of close calls on the road. Expectations and risks go hand-in-hand when it comes to riding a sport bike.

A motorcyclist in full gear riding a sport bike on a paved road, showcasing safety and adventure.
Credit: pexels.com, A motorcyclist in full gear riding a sport bike on a paved road, showcasing safety and adventure.

Riders of sport bikes are 25 times more likely to die in an accident than automobile passengers. This sobering fact should give you pause and make you think twice about the risks involved.

Speed and maneuverability are key characteristics of sport bikes, but they also make them more vulnerable to collision. Other motorists often have difficulty seeing motorcycles on the road due to their small size and quickness.

Speeding Is Risky

Speeding is a major contributor to highway fatalities among supersport operators, with 57% of all supersport fatalities in 2005 being caused by speeding.

This is a staggering number, and it highlights the importance of riding safely and within the speed limit. If you ride a supercharged bike, you may want to consider some form of super sport insurance coverage to protect yourself and your machine.

Speeding is especially risky on sport bikes and super sports, which are more likely to be involved in fatal accidents due to driver errors and speeding.

A motorcyclist wearing gear poses with a sport bike on a dirt path in Kankapura, India.
Credit: pexels.com, A motorcyclist wearing gear poses with a sport bike on a dirt path in Kankapura, India.

In fact, some studies indicate that "crotch rockets" make up less than 10 percent of all motorcycles on the road, but account for upwards of 25 percent of all rider fatalities.

Here are some statistics that illustrate the risks of speeding on sport bikes and super sports:

  • 57% of all supersport fatalities in 2005 were caused by speeding
  • 46% of sport and unclad sport bike fatalities were caused by speeding
  • 27% of all fatalities among riders of cruisers and standards were caused by speeding
  • 22% of all fatalities among riders of touring cycles were caused by speeding

What to Expect?

As you consider getting into sport biking, it's essential to understand what to expect in terms of insurance costs. The cost of insurance is based on several factors, including the type of bike, your location, driving record, age, and credit score.

The type of bike you ride is a significant factor in determining insurance costs. The larger the engine, the higher the insurance rates. For instance, the Suzuki Hayabusa is the most expensive sport bike to insure, while the Honda CB500X/F is the least expensive.

Urban areas tend to have higher insurance rates compared to rural areas. This is reflected in Rider 1's insurance rate, who lives in Georgia and pays $484 per year for full coverage.

Man on Motorcycle Riding by Graffiti on Wall
Credit: pexels.com, Man on Motorcycle Riding by Graffiti on Wall

A clean driving record can significantly lower your insurance rates. Rider 2, a 34-year-old male with a clean record and a 2009 CBR600, pays $796 per year for full coverage.

Taking the Basic Rider Course offered by the Motorcycle Safety Foundation (MSF) can also lead to lower insurance rates. Graduates of the course can expect a discount of 15-20% per year from most insurers.

Here are some key statistics on insurance rates based on the examples provided:

Age is another factor that affects insurance rates. Rider 1, a 67-year-old male, pays $484 per year, while Rider 3, a 20-year-old male, pays $1600 per year for liability only.

Frequently Asked Questions

Who is the cheapest for motorcycle insurance?

Dairyland is the cheapest option for motorcycle insurance, with an average monthly cost of $22. It's followed closely by Progressive and Harley-Davidson, at $23 and $24 per month, respectively.

Why is it so expensive to insure my sport bike?

Insuring a sport bike can be expensive because lenders consider financed motorcycles a higher risk, which increases premiums. The bike's value also plays a role, with more expensive bikes costing more to insure

Joan Lowe-Schiller

Assigning Editor

Joan Lowe-Schiller serves as an Assigning Editor, overseeing a diverse range of architectural and design content. Her expertise lies in Brazilian architecture, a passion that has led to in-depth coverage of the region's innovative structures and cultural influences. Under her guidance, the publication has expanded its reach, offering readers a deeper understanding of the architectural landscape in Brazil.

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