Motorcycle Insurance Boulder, CO

Boulder Colorado Insurance Requirements

In every state, liability insurance is required. Liability insurance is coverage that if you are found responsible for an accident, that you are covered when paying the expenses for the other party in the crash.

While Colorado’s car liability requirement limit is 25 / 50 / 25.

This means that you will be required to hold at least :

Bodily Injury	Bodily Injury for Multiple People	Property Damage
$25,000	$50,000	$15,000

As a client, you are always able to increase your liability limits if you wish to do so. Raising liability limits is always recommended since typically accidents that are caused, are in a greater value than what is required.

This means that the remainder of the accident cost after insurance will be needed to be paid in another form, even if it’s out of your own pocket..

Motorcycle Insurance Boulder Coverages

In addition to liability, there are extra coverages you can add onto your motorcycle insurance Boulder policy.

Coverages can include but are not limited to:

Comprehensive	When damage occurs to the motorcycle from external factors such as theft, vandalism, an animal, tree branch, fire, etc. The carrier will help pay for the cost after you pay your deductible.
Collision	When damage is done to the motorcycle by colliding with another car or object, whether it was parked or moving during the incident. The carrier will help cover the costs after a deductible is paid first.
Medical Payments	Helps cover medical expenses when in the case of an accident.
Roadside Assistance	Helps to cover towing when in the case of your motorcycle breaking down.

Depending on which carrier that you ultimately go with, they may offer additional types of coverage with the policy. The coverages listed above are pretty standard amongst all carriers when it comes to a motorcycle insurance Boulder policy.

How much does it cost to insure a motorcycle in Colorado?

The average cost of motorcycle insurance in Colorado is $34 per month, or $402 per year according to recent statistics.

The cost of motorcycle insurance in Colorado can vary significantly depending on several factors, including:

1. Type of Motorcycle: The make, model, year, and engine size of the motorcycle can influence insurance premiums. Sports bikes and high-performance motorcycles typically have higher insurance rates due to their increased risk of accidents and theft.
2. Rider’s Age and Experience: Younger and less experienced riders may face higher insurance premiums because they are statistically more likely to be involved in accidents. Experienced riders with a clean driving record may qualify for lower rates.
3. Driving Record: A history of accidents, traffic violations, or DUI convictions can lead to higher insurance premiums. Maintaining a clean driving record typically results in lower insurance rates.
4. Coverage Options: The type and amount of coverage selected can impact insurance costs. Basic liability coverage is typically less expensive than comprehensive or collision coverage, but it offers less protection.
5. Location: Where the motorcycle is garaged and driven can affect insurance rates. Urban areas with higher traffic congestion and theft rates may have higher premiums compared to rural areas.
6. Insurance Company: Different insurance companies may offer varying rates for the same coverage options, so it’s essential to shop around and compare quotes from multiple insurers to find the most competitive rate.

Without specific details about the motorcycle and the rider, it’s challenging to provide an accurate estimate of motorcycle insurance costs in Colorado. However, premiums typically range from a few hundred dollars to over a thousand dollars per year, depending on the factors mentioned above. To get an accurate quote, it’s recommended to contact insurance providers directly and provide details about the motorcycle and the rider’s driving history.

Motorcycle Insurance Boulder – Violations

Of course, violations can cause your motorcycle insurance Boulder rates to increase, but which violations impact the rate more than others? Speeding of course can be a big factor driving the rate up.

In addition, a DUI, and no proof of insurance can be a large factor as well. Getting pulled over for these violations could result in a SR22 filing being required on your policy.

Violation Name	Major, Minor, or Non Moving	How Long it Will Affect Your Insurance Rates
Running a Traffic Light or Stop Sign	Minor	3 Years
DUI	Major	10 Years
Speeding	Minor	3 Years
Using a Cell Phone with Driving	Minor	3 Years
Failure to maintain Clear Distance (tailgating	Minor	3 Years
At Fault Accident	Major	5 Years
Failure to Secure Load to truck/trailer	Minor	3 Years
No Proof of insurance	Non Moving	NA*
Reckless Driving	Major	5 Years
Failure to Use a Seat Belt	Non Moving	NA*
Non-At-Fault Acccident	Minor	NA*
Failure to Stop for a Pedestrian Side walk	Minor	3 Years

Is motorcycle cheaper than car insurance?

Contrary to popular belief, motorcycle insurance isn’t always cheaper than car insurance. While motorcycles typically cost less to insure due to their smaller size and lower purchase price, several factors come into play. Insurance premiums for motorcycles can vary based on factors such as the type of motorcycle, engine size, rider’s age and experience, driving record, and the level of coverage selected. Additionally, the geographical location, like Boulder, can impact insurance rates due to factors such as weather conditions, theft rates, and accident frequency. It’s essential to compare quotes from different insurance providers to find the best coverage at the most competitive rates tailored to your specific needs and circumstances.

How to Lower Motorcycle Insurance Cost?

Lowering motorcycle insurance costs involves several factors. First, consider your driving history—maintaining a clean record significantly impacts premiums. Additionally, taking a motorcycle safety course not only enhances riding skills but often qualifies for insurance discounts. Another critical factor is the type of bike; certain models are more expensive to insure due to higher theft rates or increased repair costs. Moreover, adjusting your coverage based on usage frequency and needs—opting for liability coverage during off-season storage, for instance—can result in substantial savings. Lastly, bundling motorcycle insurance with other policies from the same provider often leads to significant discounts, so explore package deals for potential savings.

Understanding how to lower motorcycle insurance costs is essential for riders in Boulder. By focusing on key factors like driving history, safety courses, bike selection, coverage adjustments based on usage, and bundling policies, individuals can make informed choices to reduce premiums. These strategies not only promote safer riding habits and better coverage alignment but also ensure financial savings, making motorcycle ownership in Boulder both secure and cost-effective.

Motorcycle Insurance Boulder – Scenic Drives

Boulder is yet another gorgeous spot in Colorado. It too is full of scenic routes and even better when you are on your motorcycle riding through those beautiful scenic routes! Some of the best ones are listed below….
Mount Evans Scenic and Historic Byway- This is 28 miles one way and will take you about an hour to explore. While riding through it, you will see the amazing mountainsides and glacier cut valleys! You will see wildlife like mountain goats and bighorn sheep along the roadway.

Trail Ridge Road Scenic and Historic Byway- The best way to see the Rocky Mountain National park is of course on your bike. This trail is the highest paved road in the US, and it doesn’t dead end! You will get to see elk, bighorn sheep and lots of other wildlife along the way! It has lots of twists and turns so you can see all of the beauty. Its 48 miles one way and will take you 2-3 hours.

If You Have Time To Kill in Boulder, CO

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Last Updated on March 27, 2024 by Alexis Karapiperis