Cheapest Motorcycle Insurance In Florida For 2024

Getting the right motorcycle insurance in Florida can be tough, but you’re in the right place to figure it out. Based on our experience, the best motorcycle insurance company offers a great mix of thorough coverage and top-notch customer service.

If affordability is your top concern, Harley Davidson (Sentry Insurance) is a standout choice, offering a very competitive monthly premium of just $47. With more than 15 years in the insurance industry, I’ve witnessed how opting for a cheap motorcycle insurance policy can have negative consequences. It’s not only about meeting legal requirements; it’s about safeguarding your investment.

Cheapest Motorcycle Insurance In Florida For Minimum Liability

According to our findings, USAA (Progressive) provides the most affordable rates for minimum coverage in Florida, with an annual cost of $70.

The term “cheapest minimum liability for motorcycle insurance in Florida” pertains to the least expensive insurance plans that fulfill the state’s minimum legal prerequisites for motorcycle riders. These plans typically include basic liability coverage, which covers expenses for bodily injury and property damage caused by the rider to others in an accident.

In this category, insurance rates are significantly influenced by factors such as driving history. A clean record generally results in lower premiums because insurers see these riders as lower risk. Conversely, individuals with a history of accidents or traffic violations may face higher rates because insurers view them as more likely to be involved in future incidents.

It’s important to note that being in an accident can greatly impact your insurance rate, as it indicates a higher risk of expensive claims for the insurance provider. This risk evaluation directly affects the cost of minimum coverage insurance in Florida.

Cheapest Motorcycle Insurance For Full Coverage

After conducting thorough research, we found that Harley Davidson (Sentry) offers the most affordable full coverage motorcycle insurance in Florida, priced at $42 per month.

The term “cheapest full coverage for motorcycle insurance in Florida” pertains to the most economical choices for insurance policies that surpass the state’s minimum liability prerequisites. Full coverage generally encompasses comprehensive and collision insurance, offering broader protection against various situations such as accidents, theft, vandalism, and natural disasters.

In this category, insurance rates are significantly influenced by factors such as a rider’s driving history. A clean record typically results in lower premiums because insurers consider these riders to be lower risk.

On the other hand, having a history of accidents or traffic violations typically leads to higher rates because insurers consider these riders to be more of a risk. In particular, being in an accident can substantially raise your rate since insurers believe it increases the likelihood of future claims.

Average Cost Of Motorcycle Insurance By City In Florida

Where you live in Florida can affect your motorcycle insurance rates. For instance, riders in larger cities generally pay more than those in rural areas due to the higher frequency of accidents in densely populated areas.

These are the ten cities in Florida with the most affordable motorcycle insurance rates:

Average Cost Of Motorcycle Insurance In Florida

The average cost of full coverage motorcycle insurance in Florida is $46 per month.

How To Get A Motorcycle Insurance Quote In Florida

Obtaining a motorcycle insurance quote is a simple process that involves several key steps:

1. Collect Your Personal Details: Before you begin, gather your personal information. This includes your full name, address, date of birth, and driver’s license number. Also, have information about any additional riders who might use the motorcycle.
2. Gather Your Motorcycle’s Information: You’ll need specific details about your motorcycle, including the make, model, year, engine size, and vehicle identification number (VIN). If you’ve made any modifications or have specific safety features, have those details ready, as they can impact your quote.
3. Assess Your Insurance Requirements: Determine the type of coverage you require. This involves selecting liability limits and deciding whether you want additional coverage such as comprehensive, collision, or uninsured motorist coverage.
4. Research Insurance Companies: Explore insurance providers that offer motorcycle insurance. Check their reputation, customer service reviews, and financial stability.
5. Obtain Quotes: You can request quotes online, over the phone, or in person. Provide the information you’ve gathered to the insurance provider. Online forms are a convenient and quick way to get multiple quotes. (Insuranceopedia can provide you with multiple quotes, streamlining your selection process.)
6. Compare Quotes: After receiving several quotes, compare them not only based on price but also on coverage options, deductibles, and any exclusions or limitations. Ensure you’re comparing similar coverages across different quotes.
7. Inquire About Discounts: Ask about potential discounts you may be eligible for, such as those for safe driving, multiple policies, or completing motorcycle safety courses.
8. Review Quotes and Choose a Policy: Evaluate all the information and select the policy that provides the best balance of price and coverage for your requirements.
9. Provide Additional Information and Complete Your Purchase: After choosing a provider, you may need to provide additional information or documentation. Review the policy details, make the initial payment, and you’ll receive your proof of insurance.

Remember, the cheapest quote isn’t always the best. Consider the value of the coverage you’re getting for the price you’re paying.

Do You Need Motorcycle Insurance In Florida?

In Florida, having motorcycle insurance isn’t just important; it’s a legal obligation. The state requires all motorcycle riders to have a minimum level of insurance coverage to legally ride on public roads. This regulation ensures that if there’s an accident, there’s financial coverage for any resulting damages or injuries.

The minimum required insurance coverage includes liability insurance, which covers bodily injury and property damage that a rider may cause to others in an accident. Specifically, the law mandates coverage of at least $15,000 for injury/death to one person, $30,000 for injury/death to more than one person, and $5,000 for property damage. However, this basic coverage does not protect the rider’s injuries or damages to their motorcycle.

To enhance their protection, riders often opt for additional coverages such as collision, comprehensive, and uninsured/underinsured motorist coverage. Collision coverage pays for damages to your motorcycle in an accident, while comprehensive covers non-collision incidents like theft, vandalism, or natural disasters. Uninsured/underinsured motorist coverage is especially crucial in Florida, where many drivers and riders may not have sufficient insurance.

While the law sets minimum insurance requirements, it’s prudent for riders to assess their individual needs based on factors such as the value of their motorcycle, how often they ride, and their financial circumstances. Additionally, not having the required insurance can lead to penalties like fines, license suspension, and possibly having your motorcycle impounded.