The Best Cheap Motorcycle Insurance In Colorado
Dairyland has the cheapest motorcycle insurance in Colorado, at $20 per month for full coverage.
Find Cheap Motorcycle Insurance Quotes in Colorado
Cheapest motorcycle insurance in Colorado
How we chose the top companies
Cheapest motorcycle insurance companies in Colorado
Dairyland has the cheapest motorcycle insurance in Colorado.
Full coverage motorcycle insurance from Dairyland costs an average of $20 per month. That's 41% cheaper than the state average.
Compare Motorcycle Insurance Quotes in Colorado
The average cost of motorcycle insurance in Colorado is $34 per month, which is 6% more than the national average.
Best cheap motorcycle insurance in Colorado
Company | Monthly rate | ||
|---|---|---|---|
| Dairyland | $20 | |
| Harley-Davidson Insurance | $21 | |
| Progressive | $27 | |
| Allstate | $38 | |
| Geico | $48 | |
| Nationwide | $48 | |
Best motorcycle insurance in Colorado for most people: Dairyland
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Editor's rating
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Cost: $20/month
Overview
Pros/cons
Dairyland's cheap rates and coverage for daily riders make it a great choice for most Colorado riders.
Overview
Dairyland's cheap rates and coverage for daily riders make it a great choice for most Colorado riders.
Pros/cons
Pros:
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Cheapest quotes in Colorado
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Offers good coverage for daily riders
Cons:
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Numerous customer complaints
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Can't bundle with home or renters
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Limited discounts
Dairyland's cheap rates and coverage for daily riders make it a great choice for most Colorado riders.
Pros:
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Cheapest quotes in Colorado
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Offers good coverage for daily riders
Cons:
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Numerous customer complaints
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Can't bundle with home or renters
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Limited discounts
Dairyland has the cheapest motorcycle insurance in Colorado, with an average cost of $20 per month statewide.
However, Dairyland doesn't offer as many discounts as other motorcycle insurance companies. So you may find cheaper rates elsewhere if you're able to qualify for lots of discounts with another company.
For example, Dairyland doesn't offer homeowners or renters insurance, so you'll miss out on earning a bundling discount.
In addition, having policies with multiple insurance companies could make your life more difficult if your bike and home are damaged at the same time, such as by a wildfire.
Dairyland offers useful coverage add-ons for people who use their motorcycle as their primary vehicle, including rental reimbursement and roadside assistance. These coverages can help keep your life on track if you're in an accident or your bike breaks down.
However, Dairyland gets 73% more complaints than an average company its size. Most complaints are about its lengthy claims process and low settlement offers. That means Dairyland may take longer to fix your bike than other companies, and you could end up paying more for repairs.
Best for discounts: Harley-Davidson
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Editor's rating
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Cost: $21/month
Overview
Pros/cons
Harley-Davidson offers lots of discounts and coverage options for people looking to customize their policy.
Overview
Harley-Davidson offers lots of discounts and coverage options for people looking to customize their policy.
Pros/cons
Pros:
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Affordable rates
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Lots of discounts
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Helpful coverage for riders who travel
Cons:
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Doesn't sell, auto, home or renters
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Unreliable customer service
Harley-Davidson offers lots of discounts and coverage options for people looking to customize their policy.
Pros:
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Affordable rates
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Lots of discounts
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Helpful coverage for riders who travel
Cons:
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Doesn't sell, auto, home or renters
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Unreliable customer service
Harley-Davidson is the second-cheapest motorcycle insurance company in Colorado. Full coverage motorcycle insurance from Harley-Davidson costs an average of $21 per month, which is only $1 per month more than the cheapest company, Dairyland.
In addition, Harley-Davidson offers lots of discounts to help lower your insurance bill. It may be the cheapest option if you can qualify for a lot of its discounts, many of which are easy to get.
Harley-Davidson discounts
- Anti-theft
- Bundled protection
- H-D Riding Academy
- H.O.G. membership
- Homeowner
- Military and law enforcement
- Multicycle
- New bike
Harley-Davidson also offers a number of coverage options for people who need extra protection.
Its trip interruption and vacation rental insurance are great options for people who go on road trips or enjoy renting motorcycles while on vacation.
One of the main downsides to Harley-Davidson is its high number of customer complaints. Most of its complaints are regarding low settlement offers, so you may end up paying more to fix your motorcycle after a crash.
In addition, Harley-Davidson doesn't sell auto, home or renters insurance. That means most people will have to work with another insurance company to fulfill those needs.
Best for extra coverage: Progressive
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Editor's rating
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Cost: $27/month
Overview
Pros/cons
Progressive's basic policy includes extra protection, and it offers many add-ons to increase your coverage.
Overview
Progressive's basic policy includes extra protection, and it offers many add-ons to increase your coverage.
Pros/cons
Pros:
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Basic policy includes extra coverage
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Lots of ways to upgrade your coverage
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Few customer complaints
Cons:
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Not the cheapest option
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Doesn't offer rental reimbursement
Progressive's basic policy includes extra protection, and it offers many add-ons to increase your coverage.
Pros:
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Basic policy includes extra coverage
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Lots of ways to customize your coverage
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Few customer complaints
Cons:
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Not the cheapest option
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Doesn't offer rental reimbursement
Progressive is the best choice if you're looking for extra protection for your motorcycle.
When you get a full coverage policy from Progressive, you'll automatically get:
- Full replacement cost coverage
- Expanded parts coverage for $3,000 of custom additions
- Original equipment manufacturer (OEM) parts coverage
Most companies charge extra for these coverages.
So, while Progressive costs an average of $7 per month more than the cheapest company in Colorado, it may be worth the extra money if you have a newer or customized bike.
Progressive offers additional protection you can add for a fee, including roadside assistance.
However, you can't get rental reimbursement coverage, which pays for a rental car while your bike is in the shop after a crash. This could be important if your motorcycle is your only way to get around.
Unlike Dairyland and Harley-Davidson, Progressive sells lots of different types of insurance that you can bundle with your motorcycle policy.
This includes auto, homeowners, renters, ATV, boat and life insurance. So it can take care of all of your insurance needs.
Colorado motorcycle insurance: Costs by city
Denver is the most expensive city in Colorado for insuring a motorcycle.
The average price in Denver is $40 per month, which is 18% higher than the state average.
Durango is the cheapest large city in the state for motorcycle insurance, at $27 per month.
Average motorcycle insurance cost in CO by city
City | Monthly cost | % from average |
|---|---|---|
| Arvada | $39 | 16% |
| Aurora | $37 | 9% |
| Boulder | $32 | -4% |
| Brighton | $34 | 0% |
| Broomfield | $34 | 0% |
Like in many other states, motorcycle insurance in Colorado is most expensive for the largest cities. Nine out of the 10 cities with the highest rates are in the Denver metropolitan area. In these cities, the average cost of insuring a motorcycle is 10% to 19% higher than in the state as a whole.
Colorado motorcycle insurance requirements
Under Colorado law, riding a motorcycle requires the same amount of liability insurance as driving a car:
- Bodily injury liability: $25,000 per person and $50,000 per accident
- Property damage liability: $15,000 per accident
How do you get a Colorado motorcycle license?
There are two ways you can get a motorcycle license in Colorado. Both options require you to visit a driver's license office in person.
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Option 1:
- Pass the written motorcycle exam
- Pay for a motorcycle instruction permit
- Pass a motorcycle skills test
- Pay for a new driver's license that shows your motorcycle endorsement
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Option 2:
- Pass the Motorcycle Operator Safety Training (MOST) course
- Show your MOST license waiver card when paying for a new license that shows your motorcycle endorsement
If you're under 18, you must purchase and hold a motorcycle instruction permit for at least 12 months.
After that, you may add the motorcycle endorsement to your driver's license. The need for a regular license to start this process means that you must be at least 16 to get your motorcycle permit in Colorado.
Frequently asked questions
How much is motorcycle insurance in Colorado?
The average cost of motorcycle insurance in Colorado is $34 per month for a full coverage policy. That's 6% more expensive than the national average.
Is motorcycle insurance required in Colorado?
Yes, you must have a minimum of 25/50/15 in liability insurance to legally ride a motorcycle in Colorado. This is shorthand for $25,000 of bodily injury liability per person and $50,000 per accident, along with $15,000 of property damage liability coverage.
Methodology
To find the best cheap motorcycle insurance in Colorado, ValuePenguin collected over 200 quotes across the state. Rates are for a 45-year-old single man who owns a 2018 Honda CMX500 Rebel.
Quotes are for a full coverage policy, which includes higher liability limits than the state requirement, along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Uninsured and underinsured motorist property damage: $25,000 per accident
- Medical payments: $5,000
- Comprehensive and collision deductible: $500
The ValuePenguin team has a combined total of more than 50 years' experience in the property and casualty insurance industry.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.