Key Takeaways
Any insurance can cover you against unexpected financial liabilities. Motorcycle insurance is also a mandatory requirement in the United States, except in Florida. The average monthly insurance rate can vary between $34 in North Dakota to $157 in California.
Motorcycle insurance covers damages to the motorcycle and other damages or injuries. In other words, collision coverage, comprehensive and liability coverage are included in any motorcycle insurance. In addition, other coverages can be considered while insuring your motorcycle. For example, trip interruption or guest passenger liability coverage may be considered if you own a motorcycle.
How much is motorcycle insurance in Florida? Can you drive a motorcycle without insurance in Florida? Here we look at everything you should consider if you own a motorcycle in Florida.
The liability insurance that can be purchased to show proof of financial responsibility will include the following.
Bodily damage liability insurance will assist in covering the medical costs associated with the other person's injuries if you are at fault in an accident with another driver or pedestrian. In addition, if the other party decides to sue you for their losses, it might also pay for your legal expenses.
Comprehensive motorcycle insurance may cover the costs of replacing or repairing your bike due to events beyond your control, such as fire, theft, vandalism, and wildlife accidents. Motorcycle collision coverage protects your bike in an accident with another driver or an object, such as a stop sign or parked car.
This will contribute to the payment for the damages you caused to the other vehicle during an accident. You're required to have $10,000 of property damage liability coverage under the financial responsibility law.
Uninsured and underinsured motorist coverage protects you financially if you are in an accident with a driver who is either uninsured or does not have enough coverage to cover your losses.
Medical payments coverage helps pay for accident-related medical bills. It is accessible in states without PIP and is optional in most states.
The state of Florida might not require you to purchase motorcycle insurance if you own one. However, one does need to possess proof of financial responsibility to ride a bike. Here is the list of insurance providers that provide the cheapest motorcycle insurance rates in Florida.
| Insurance Company | Average Annual Insurance Rate |
|---|---|
| Allstate | $768 |
| Dairyland | $1536 |
| Progressive | $624 |
On average, it costs $85 a month to insure a Florida motorcycle. This amounts to an average annual insurance cost of $1020. However, the insurance rates can vary with the insurance provider, the motorcycle's make and model, and each state and city. Here is the average motorcycle insurance cost according to companies and by state.
The average cost of motorcycle insurance by state ranges from as low as $245 in Utah to $1529 in Hawaii. Even though Florida doesn't insist on motorcycle insurance, the average annual insurance rate in Florida is $537.
| State | Annual Coverage Rate |
|---|---|
| Alabama | $375 |
| Alaska | $584 |
| Arizona | $618 |
| Arkansas | $529 |
| California | $721 |
| Colorado | $480 |
| Connecticut | $748 |
| Delaware | $572 |
| Florida | $537 |
| Georgia | $675 |
| Hawaii | $1529 |
| Idaho | $355 |
| Illinois | $377 |
| Indiana | $425 |
| Iowa | $476 |
| Kansas | $425 |
| Kentucky | $587 |
| Louisiana | $518 |
| Maryland | $369 |
| Massachusetts | $538 |
| Michigan | $663 |
| Minnesota | $249 |
| Mississippi | $526 |
| Missouri | $434 |
| Montana | $508 |
| Nebraska | $371 |
| Nevada | $862 |
| New Hampshire | $669 |
| New Jersey | $512 |
| New Mexico | $300 |
| New York | $575 |
| North Carolina | $470 |
| North Dakota | $ 408 |
| Ohio | $396 |
| Oklahoma | $605 |
| Oregon | $351 |
| Pennsylvania | $377 |
| Rhode Island | $311 |
| South Carolina | $522 |
| South Dakota | $303 |
| Tennessee | $602 |
| Texas | $597 |
| Utah | $245 |
| Virginia | $1082 |
| Washington, D.C. | $373 |
| Wisconsin | $413 |
Looking at the average insurance cost in the different cities of Florida, we note that the monthly insurance rate can range between $60 and $135. For example, in Melbourne and Gainesville, it is $67 per month, while in Hialeah and Miami, it is $133.
| City | Average monthly cost |
|---|---|
| Boca Raton | $65 |
| Boynton Beach | $66 |
| Cape Coral | $63 |
| Clearwater | $64 |
| Coral Springs | $81 |
| Davie | $85 |
| Daytona Beach | $59 |
| Deerfield Beach | $83 |
| Deltona | $58 |
| Fort Lauderdale | $91 |
| Fort Myers | $63 |
| Gainesville | $61 |
| Hialeah | $127 |
| Hollywood | $102 |
| Jacksonville | $78 |
| Lakeland | $64 |
| Largo | $64 |
| Lauderhill | $89 |
| Melbourne | $61 |
| Miami | $127 |
| Miami Beach | $111 |
| Miami Gardens | $127 |
| Miramar | $87 |
| Orlando | $74 |
| Palm Bay | $61 |
| Palm Coast | $59 |
| Pembroke Pines | $87 |
| Plantation | $85 |
| Pompano Beach | $83 |
| Port St. Lucie | $59 |
| St. Petersburg | $66 |
| Sunrise | $85 |
| Tallahassee | $66 |
| Tampa | $75 |
| West Palm Beach | $69 |
| Weston | $85 |
The major factors that affect motorcycle insurance rates include the driving record, the type of bike you own, the age and gender of the driver, and the type of coverage you choose for your motorcycle.
Cleaner the record, the lower will be the insurance rate for your motorcycle. A ticket in your name can increase the insurance rates.
A brand-new motorcycle will cost more to insure than older models. However, those with a sidecar will cost more than the tow-wheelers. The average cost to insure a dirt bike is $99, less than the normal motorcycles.
The age and gender of the driver play a crucial role in determining the insurance rates. Younger drivers with less experience will cost more than older drivers with spotless driving record.
The insurance company and the kind of coverage you opt for on your motorcycle will determine the amount you need to pay for the insurance. The fewer coverage options, the less the amount to be paid. However, the wider the coverage options better it will be for your motorcycle.
First, you may get a jump start on finding an affordable choice by shopping around for insurance quotes from other providers. This will offer you the opportunity to compare prices.
Attending a motorcycle safety class will fetch you discounts from the different providers.
The discounts available can vary with the insurance companies and the model of the bike you own. Stressing on the available discounts can be a good opportunity to save.
For example, multi-policy discounts can be worked out if you club other policies with the same provider. Similarly, a clean driving record can fetch you a responsible driver discount. Some companies give association membership discounts as well.
Florida motorcycle accident victims may be required to pay for the damages in case of accidents. You may pay for your motorcycle repairs or injuries. Without proof of financial responsibility or liability coverage, your registration and driving privileges may be suspended.
After an accident, Florida motorcycle insurance may be required. After a crash, you must buy three years of bodily injury and property damage liability insurance.
If you already possess a valid Florida driver's license, you only need a motorcycle endorsement to ride a motorcycle in Florida. Obtaining this requires the completion of the Florida Rider Program. To obtain a motorcycle-only license, you must be at least 16 years old and have held a learner's permit for at least one year without receiving any traffic convictions. If you are 18 or older, you do not need a learner's permit, but you must pass the standard class E license exam and complete the Basic Rider Course.
The cost of the fee involved in obtaining a motorcycle license in Florida is as follows.
The consequences of riding without a motorcycle endorsement, a second-class misdemeanor in the state, are as follows.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
No, Florida does not mandate insuring motorcycles. However, it requires you to have proof of financial responsibility, of which the insurance proof is one.
The average cost of motorcycle insurance in Florida is $85 per month. This amounts to an average annual insurance cost of $1020. However, the insurance rates can vary with the insurance provider, the motorcycle's make and model, and each state.
Yes, you can drive your motorcycle in Florida without insurance, but it requires proof of financial responsibility. Apart from an insurance policy, you can own proof of financial responsibility with the financial responsibility certificate from the Bureau of Motorist Compliances or a self-insurance certificate.
Florida does not require insurance for motorcycle registration. However, you must have motorcycle insurance or proof of financial responsibility in case of an accident or traffic stop.
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