Riding motorcycles on the long empty Rocky Mountain roads of Colorado can be quite a thrilling experience. However, it takes seconds for this thrill to turn into regret if you get into an accident and do not have motorcycle insurance in Colorado. 

Firstly, you are legally bound to have motorcycle insurance if you own a bike. Secondly, apart from your bike getting damaged, you may also suffer injuries that will lead to expensive medical bills on top of the repair bills for your bike. While you and your bike are both in your hospitals getting “repaired,” someone out there whose property you damaged in the accident could be filing a case to sue for damages. 

Imagine the financial distress you would experience here as you try to wrap your head around what’s happening. This is exactly why you need motorcycle insurance in Colorado so you can ride your motorcycle safely with a financial cushion to protect you from such incidents. 

Now you may have certain questions about motorcycle insurance so keep reading to know everything about it. 

Is it Mandatory to Have Motorcycle Insurance in Colorado?

Yes, you must legally buy motorcycle insurance before registering your bike. Furthermore, the state of Colorado has provided some requirements for automobile insurance that must be met if you own an automobile in Colorado. 

According to the requirements, your insurance policy should meet this coverage amount if not exceed it:

• Death or bodily injury to one person - $25,000
• Death or bodily injury to more than two people - $50,000
• Damage or destruction of property - $15000

All other coverage is your choice, and you can get it if you think you need it. Furthermore, it is important to remember that motorcycle insurance in Colorado only applies to your bike. So, if you are riding someone else’s motorcycle, your policy would not apply in case of an accident. In fact, the motorcycle’s owner would be responsible for filing claims through their insurance policy. 

What Else Does Motorcycle Insurance in Colorado Cover?

Colorado is a beautiful mountain state which is why many people enjoy traveling on bikes. If you are the same, you can choose to get more coverage in your policy. It is a wise move to do so because the requirements only cover the basics. Motorcycle insurance will ensure you have the safety net you need in case of an emergency. Typically, a Colorado motorcycle insurance provides the following cover:

Liability Coverage

As mentioned above, liability coverage is required to protect yourself from third-party lawsuits for causing damage to property or injuring a person. Of course, you may also need it in case an accident occurs because of you. 

Collision Coverage

In case of a collision, your insurer can provide coverage for repairing or replacing your motorcycle. It does not matter whether you are at fault or not. Additionally, the insurer offers a payout based on actual value or replacement value as compensation if your bike gets totaled. 

Comprehensive Coverage

While collision coverage protects your motorcycle in case of a collision, comprehensive coverage ensures that you are protected in case of non-collision accidents. The damage could be minor, because of an accident, flood, theft, or even something as small as a windshield brake. If you opt for this coverage, the insurer will also be liable to pay you compensation for non-collision incidents.

Personal Injury Coverage

As much as you avoid it and follow safety rules, you may also end up getting hurt on your motorbike. Additionally, riding a bike can be risky. While you have coverage for damages to other people and their property, you should get the same for yourself and anyone riding with you. This will cover the driver and the passenger on the motorcycle. So, even if somebody else is riding with you on your bike, the insurer will also provide compensation against their medical bills.

Accessory Coverage

Most people consider their motorcycles their partners and even give them names. Such people who are passionate about riding often love to accessorize the bike. This increases the actual value of the bike, and if any damages occur and these accessories are affected, the insurers consider it a loss as well. However, you need to have accessory coverage mentioned in your motorcycle insurance in Colorado to get a payout for these losses.

Uninsured or Underinsured Motorist Coverage

Motorcycle insurance is a requirement in most states, which means you may get into an accident with someone who doesn’t carry an insurance policy. Instead of going through legal channels, you can add this coverage to your Colorado motorcycle insurance so that you are covered by your insurer. An uninsured motorist coverage also comes into effect in case of a hit and run case.

Towing and Roadside Assistance Coverage

At the end of the day, a motorcycle is a machine and can break down in the middle of the road if there is an internal issue. Since roadside assistance can be expensive, many bikers buy this coverage to ensure they aren't loaded with bills and their insurer can take care of it.

What is the Cost of Motorcycle Insurance in Colorado?

Like other insurance policies, the cost of motorcycle insurance in Colorado is also based on a few factors like 

• Your motorcycle model and other details
• Your age and riding experience
• Your traffic citation history
• History of your claims and your credit score

However, that said, the average cost of basic motorcycle insurance in Colorado is $602 annually.

Conclusion

Since motorcycle insurance in Colorado is a mandatory requirement, you can easily find an insurance company to provide you with some basic cover. However, if you want to extend your policy and include more coverage, it is important to consult an experienced insurance advisor like Badger Insurance Advisors, so you get the best price and a great plan. 

We at Badgers Insurance Advisors do not associate ourselves with specific insurance agencies, which makes us a team of independent advisors who will ensure that your insurance needs are met and that you are satisfied with your insurance policy before you seal the deal.

Contact Badgers Insurance Advisors today to request a quote for Colorado motorcycle insurance.