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Written by Brian Greenberg

Last updated: July 1st, 2022

Reviewed by Grant Desselle

Colorado is a great place to ride motorcycles. With its scenic mountain roads and open prairies, there’s plenty of territory to explore on two wheels. But before you take off on your next adventure, it’s important to make sure you have the right insurance in place.

In this post, we’ll share five affordable options for Colorado motorcycle insurance.

What Is Motorcycle Insurance For?

A motorcycle policy is designed to protect you financially in the event of an accident. If you cause damage to another person’s property or injure someone while riding, your insurance will cover the cost of repairs or medical expenses up to your policy limit. Motorcycle insurance also covers you if your motorcycle is damaged or stolen.

Motorcycle Liability Insurance Minimum In Colorado

Colorado requires all motorcycle riders to carry liability coverage. This type of insurance covers damage you cause to other people or property in an accident. The minimum amount of vehicle liability coverage required in Colorado is  as follows:

  • $25,000 for bodily injury or death to any single person in an accident
  • $50,000 for bodily injury or death to all persons in any single accident
  • $15,000 for property damage liability coverage in any single accident

The following are the other requirements that Colorado requires of motorcycle riders:

  • Drivers must wear eye protection unless the motorcycle has three wheels, has a maximum speed of 25 miles per hour, has a windshield, and has seat belts.
  • Drivers under 18 years old must wear a helmet unless the motorcycle has three wheels (as stated above)
  • Drivers must pay a $4 registration fee for motorcycle operator safety training.

How Much Is Motorcycle Insurance In Colorado?

The cost of motorcycle insurance coverage in Colorado will vary depending on a number of factors, including your age, motorcycle make and model, driving history, and the coverage you choose. However, you can expect to pay an average cost of $619 per year for motor insurance in Colorado. The national average for motorcycle policies is $519 per year according to data from J.D. Power’s NADAguides.

5 Cheapest Motorcycle Insurance In Colorado

We looked into rates in Colorado to give you an idea of how much your insurance might cost. Here are the five cheapest motorcycle insurance companies in Colorado. Note that these companies don’t publish their rates online, so it’s best to request a quote and use a comparison tool to obtain real-time pricing.

1. Progressive

Progressive is one of the largest providers in the country and offers the most affordable rates for motorcycle riders in Colorado. It also provides additional coverage for custom parts, carried contents, and OEM replacement protection. Progressive has a program for safe riders, which could help you save money on your motorcycle insurance premium. The average price for a standard motorcycle is $398.07 per year.

2. Geico

Geico is a national insurer that offers motorcycle collision coverage in Colorado. Geico’s motorcycle insurance rates are generally very competitive, and they offer a number of discounts for motorcycle riders, including a discount for taking a motorcycle safety course. Premiums cost an average of $408.65 per year.

3. Dairyland

Dairyland is a provider that offers motorcycle coverage in Colorado. Dairyland rates are generally very competitive, and they offer a number of discounts for motorcycle riders. The average yearly price of Dairyland motorcycle insurance is $424.81.

4. Nationwide

Nationwide is another large motorcycle insurance provider that offers motorcycle coverage in Colorado. Nationwide offers a variety of discounts for motorcycle riders, including a discount for being a member of a motorcycle association. Premiums average at $593 per year.

5. USAA

USAA is a company that offers motorcycle coverage in Colorado. USAA is designed  for military members and their families, but they do offer insurance to non-military members as well. The average yearly price of a motorcycle insurance policy from USAA is $875 per year.

This is not a complete list of insurance companies in Colorado, but these are some of the more affordable options. You can bring down premium costs by using insurance discounts that each provider offers such as a multi-policy discount. Be sure to compare rates and comprehensive coverage inclusions from multiple insurance companies before you purchase a policy.

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How To Get The Cheapest Motorcycle Insurance In Colorado

You need to have motorcycle coverage in Colorado, so there’s no way to opt-out of this expense. However, you can do something to bring your monthly or yearly costs down. Here are a few things you can do to get the cheapest motorcycle insurance in Colorado:

  • Compare insurance quotes from multiple insurers.
  • Choose a motorcycle that is cheaper to insure.
  • Take advantage of discounts offered by insurers.
  • Maintain a clean driving record.
  • Don’t let your insurance lapse.
  • Increase your insurance deductible.
  • Join a rider group or motorcycle club.

Keep these factors in mind when shopping for motorcycle insurance, and you’re sure to find an affordable policy that meets your needs.

Motorcycle insurance is required in Colorado, and there are a number of factors that will affect your premium rates. However, there are ways to get cheap motorcycle insurance in Colorado. Be sure to compare quotes from multiple insurers and take advantage of discounts to get the best rate.

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