Full coverage motorcycle insurance provides comprehensive protection for riders, encompassing various coverages to safeguard both the rider and the motorcycle. Typically, a full coverage policy includes:
- Liability Coverage: Covers bodily injury and property damage you may cause to others in an accident.
- Collision Coverage: Pays for damage to your motorcycle resulting from a collision with another vehicle or object.
- Comprehensive Coverage: Protects against non-collision-related damages such as theft, vandalism, fire, or natural disasters.
- Uninsured/Underinsured Motorist Coverage: Offers protection if you’re involved in an accident with a driver who lacks sufficient insurance.
- Personal Injury Protection (PIP): Covers medical expenses for injuries sustained in an accident, regardless of fault.
 42, Male, Single, Colorado Springs, Colorado |
|---|
| Year/Make Model: 2014 Yamaha YZFR1 |
| Ownership Status: Owned |
| Discounts: Multi Policy, Automatic Card, Paperless, Smart Technology, & 17 years experience operating a Motorcycle. |
| Selected Coverages With Progressive Insurance |
|---|
| Bodily Injury Liability: $25,000/$50,000 |
| Property Damage Liability: $25,000 |
| Comprehensive: $1000 deductible Collision: $1000 deductible |
| Other Rejected Coverages: Uninsured Motorist, Medical Payments, Roadside, Rental Reimbursement |
Single male in mid 40s with an excellent driving record. He has his auto, motorcycle and renters Insurance bundled with Progressive for savings. He opted for full coverage on the Motorcycle with $1000 deductible. The policy does coverage accessory and riding gear up to $5000 if damaged in a covered claim.
Total 6 Month Premium: $971.00
Average Insurance Costs
For a 2014 Yamaha YZF-R1, which is a high-performance sportbike, the average annual insurance cost typically ranges between $800 and $2,000, depending on the following:
- Age and Experience:
- Younger riders or those with limited riding experience typically pay higher premiums.
- Experienced riders with clean records may qualify for lower rates.
- Location:
- Urban areas or regions with higher theft rates may increase premiums.
- Riders in rural or low-traffic areas might pay less.
- Coverage Options:
- Liability-Only Coverage: Around $300–$600 annually, cheaper but provides limited protection.
- Full Coverage: Around $1,000–$2,000 annually, depending on the rider’s profile and policy specifics.
- Riding Record:
- Accidents, tickets, or other infractions significantly increase rates.
- Insurance Discounts:
- Safety courses, anti-theft devices, and bundling with other policies can lower costs.
Why Is the Yamaha YZF-R1 Expensive to Insure?
- Performance: The YZF-R1 is a liter-class sportbike with high speeds and acceleration, increasing risk in the eyes of insurers.
- Repair Costs: Parts and repairs for high-performance motorcycles tend to be costly.
- Theft Rates: Sportbikes like the YZF-R1 are often targeted for theft, leading to higher premiums.
Monthly Installments: $75.96