While many people value affordability as one of the top factors they look for in a motorcycle insurance policy, the cheapest plan may not necessarily be the best option available. Full coverage with comprehensive and collision insurance is more expensive than liability-only coverage, but it offers better protection and higher liability limits. While you’ll pay more in premiums, full coverage insurance can protect you and your bike from accidents and non-collision events like vandalism, fire or theft. MoneyGeek used quotes for a good driver with a 50/100/25 liability-only coverage policy to find rates for these policies in California.
Based on average prices, the most affordable companies for a good biker with liability-only motorcycle insurance in California are:
- GEICO: $79 per year
- Dairyland: $102 per year
GEICO’s premiums are 79.7% lower than those offered by the most expensive provider, Harley-Davidson.
Average Annual Premium for Liability Coverage
MoneyGeek recommends California riders purchase full coverage motorcycle insurance to get comprehensive protection. This coverage can financially protect you and your bike in the event of an at-fault accident. In most cases, riders are required to have full coverage insurance if they’re still making payments on their motorcycles.
Read more: Motorcycle Insurance California – Best Rate
The least expensive motorcycle insurance firms for a good biker with a full coverage policy, including 50/100/25 coverage and a $500 deductible, are:
- GEICO: $210 per year
- Progressive: $301 per year
GEICO’s full coverage premiums are 58.6% cheaper than the costliest carrier, Dairyland.
Average Annual Premium for Comprehensive and Collision
Factors such as your age, riding record, motorcycle model, coverage amounts and years of riding experience determine the average cost of motorcycle insurance in California. MoneyGeek collected average rates from providers in the state for different rider profiles.
California riders pay an average of $380 per year for a full coverage policy or about $32 per month. This cost is $17 more than the national average.
Purchasing a liability insurance plan in the state costs $179 per year or $15 per month, or $38 more than the national average. Minimum coverage may be cheaper but won’t cover your injuries or bike damages if you’re at fault.
MoneyGeek’s study used average rates for a policy with $50,000/$100,000 of bodily injury liability coverage, $25,000 in property damage liability insurance and a $500 deductible.
Car Insurance Costs by Coverage Type
MoneyGeek rated the best motorcycle insurance providers in California based on criteria such as affordability, products and services offered, and financial stability. Based on the results of this data, Progressive is the top-ranking motorcycle insurance company in the state.
MoneyGeek’s data recognizes the following three companies as the best motorcycle insurance carriers in California:
Read more: California Motorcycle Insurance – BikeBound
It’s wise to shop around and compare quotes from multiple carriers to find the cheapest motorcycle insurance in California. To get an online quote, provide the following details:
- California address and ZIP code
- Vehicle year, make and model
- Riding record
- Insurance coverage elections (for more information, see below)
California requires all bike riders to purchase at least minimum liability motorcycle insurance coverage. The state’s minimum coverage requirements are:
- 15,000 bodily injury liability per person (BI)
- $30,000 bodily injury liability per accident
- $5,000 property damage liability (PD)
In California, the minimum liability coverage requirement for all motor vehicles is 15/30/5. That means your motorcycle insurance in California should have liability limits of at least $15,000 for bodily injury per person, with a total of $30,000 per accident and $5,000 for property damage liability coverage. These coverage limits will need to be met by your provider if you are at fault in an accident.
In California, bikers don’t have to have personal injury protection (PIP), underinsured motorist or uninsured motorist coverage. Only bodily injury and property damage coverage are required in California. For added security, you can buy PIP, underinsured motorist and uninsured motorist coverage.
To help riders find the cheapest motorcycle insurance in California, MoneyGeek answered common questions about providers and their coverages and rates.
For more information, please see more information about Ca motorcycle insurance