Do you Need Motorcycle Insurance in Denver, CO?

Having a Motorcycle in Colorado is a great way to get outside and enjoy the beautiful scenery. It’s an excellent way to hit the road and see the great outdoors.

If you’re like most people, your motorcycle is like having a child. It’s one of your favorite purchases. While you might be an extremely safe driver, you never know about everyone else on the road or when mother nature is going to damage your bike. That’s where motorcycle comes in.

At Longevity Brokers, we know that shopping for insurance protection, regardless of what type of plan that is it, can be a long and confusing process. That’s why we are here to help. It’s our mission to ensure that you have all of the quality insurance plans that you need. Everything from homeowner’s insurance to motorcycle insurance.

Do you Need Motorcycle Insurance?

Every state has different requirements when it comes to auto insurance and motorcycle insurance. With Colorado, there are going to be a few basic requirements that you’ll have to meet. First, you’ll have to have at least $25,000 worth of protection per person for bodily injury. Additionally, you’ll need to have at least $50,000 per accident for bodily injury and $15,000 of coverage per accident for property damage. motorcycle insurance in Denver CO

As long as your insurance policy meets those requirements, then you’ll have the coverage to meet Colorado law. While that’s all that you HAVE to have, you should still consider getting some additional coverage. There are several options for additional protection that you can purchase to add on to your plan.

Additional Coverage

One popular option for coverage is to add collision. This type of coverage will pay for any repairs to your motorcycle after an accident. This is a great way to protect yourself from having to pay thousands and thousands of dollars if you were to run into something.

On a similar note, you can also purchase comprehensive coverage, which is popular for both motorcycles and with traditional auto insurance plans. Comprehensive coverage some of the best coverage that you can purchase for your plan. Comprehensive coverage would pay for any bills or repairs if something were to happen to your bike that wasn’t an accident. For example, if a tree limb were to fall on your motorcycle, that’s where comprehensive coverage would kick in. With a traditional motorcycle insurance policy, the damage wouldn’t be covered and you would have to pay for all of those repairs out-of-pocket.

If you’re worried about something very drastic happening to your bike, then you should consider adding on total loss coverage to your motorcycle. As you can probably guess from the name, if your bike were to get totaled, the plan would pay the manufacturer’s retail price of a current model of the same make. If you don’t have this coverage, you would get paid the actual cash value, which means that you’ll get paid what your bike was worth that day. If the bike were several years old, then you won’t have the money that you need to get a new bike.

How Much is Motorcycle Insurance in Denver, CO?

When you’re shopping for motorcycle insurance, there are dozens of different factors that are going to determine how much you pay for your insurance plan. Everything from your age to the size of your bike, which means that it’s impossible for us to say how much you’ll pay for your plan without knowing the exact details. It’s important that you find the lowest insurance rates possible. Your motorcycle coverage shouldn’t break your bank every month.

Additionally, there are dozens and dozens of different companies that you can choose from. Each of them is going to offer you different rates based on their rating system. The quotes that you get from two different companies could vary wildly. When you’re looking for an average motorcycle quote, with the very few additional coverage packets, you can expect to pay around $375 a year for your bike. Some companies are going to be much higher, while you might find a few lower. Keep in mind that is a rough estimate based on averages in Denver, Colorado. If you want to add additional coverage, like comprehensive, your policy is going to be more expensive.

Buying Motorcycle Insurance

If you want to get the cheapest insurance policy, regardless of what type of plan that it is, it’s critical that you compare dozens of companies before you decide which one is going to work best for you. As we mentioned, every company is going to have different premiums. Finding the best company for you could save you hundreds of dollars every year.

Instead of taking hours to call all of the companies yourself, let one of our independent agents do all of that hard work for you. At Longevity Brokers, we are a group of independent insurance agents that are dedicated to helping you find the perfect plan for you and your bike. We work with all of the best companies around, and we can bring all of the best premiums directly to you.

If you have any questions about motorcycle insurance, homeowner’s insurance, or any other type of plan, please contact one of our experienced agents today. We would love to answer any questions that you have and help ensure that you have all of the insurance plans in place to ensure that you and your loved ones have the protection that they need. Feel free to call us at (720) 209-4598 or use our contact page. 

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