The Minnesota Department of Public Safety (DPS) says that motorcycle ownership is at an all-time high in the state. In 2012, there were over 400,000 licensed riders and almost 230,000 registered motorcycles. The bad news is that, while overall US traffic fatalities have been decreasing over the last decade, the number of US motorcycle deaths have been increasing. It is important to cover yourself, your finances, and your bike with the right Minnesota motorcycle insurance.
Which motorcycle insurer is right for you? Captive agents can only offer you a quote from one insurer. Your local and independent Trusted Choice® member agent can compare Minnesota motorcycle insurance quotes from multiple insurers to make sure you get the best coverage at the lowest possible price. Find an agent today.
- Motorcycle fatality crashes, 2011: 43
- Motorcycle injury crashes, 2011: 1,130
- Motorcycle property damage accidents, 2011: 136
Operating and owning a motorcycle has risks, not unlike any other kind of vehicle. A motorcycle accident can threaten the property, health, and life of the operator, passenger, and other people involved. Enjoy your motorcycle with the right Minnesota motorcycle insurance purchased from a Trusted Choice member agent.
What Minnesota Motorcycle Insurance Do You Need?
Minnesota requires motorcycle riders to carry insurance with minimum limits for liability. Since motorcycle riding can be risky, many owners will chose to purchase a policy with higher coverage amounts than the required MN policy limits.
Some riders may choose extra types of coverage, too. If you took out a loan on your bike, you will be required to purchase collision and comprehensive insurance by your lender. Many motorcycle owners purchase collision and comprehensive insurance even if their bikes are fully paid off as a way to protect their investment.
Your coverage needs may be different depending upon how you use your motorcycle. Coverage for standard street-legal motorcycles will be different than sport bikes, dirt bikes, choppers, and mopeds. An independent agent can help you stay compliant with local laws and choose the right types and amounts of coverage no matter what kind of two-wheeled motorized vehicle you own.
How Much Does Minnesota Motorcycle Insurance Cost
In many ways, motorcycle insurance rates are determined like auto policy premiums. An individual’s rates will vary depending upon the rider, type of motorcycle, coverage options, home address, and many other factors. If you only use your bike to ride in the country on the weekend, you may get cheaper premiums than if you use it to commute around Minneapolis every day.
In general, these are the factors that will affect your motorcycle policy premiums.
- Your age and driving history
- Where you live and travel.
- How often you ride
- The make and model of your motorcycle
- After-market additions
Compare Minnesota Motorcycle Insurance Quotes
The best way to find out how much motorcycle insurance costs is to compare Minnesota motorcycle insurance quotes from multiple insurers. Comparing quotes from several companies and determining the right coverage can be a tough task for the average bike owner; you may want some help and professional advice before making this major purchase.
Your Trusted Choice member agent can find custom-tailored plans and quotes from a variety of local insurers. An independent agent can also answer your policy questions, suggest the right coverage amounts, and provide service in the future. Find a Trusted Choice network agent and get started today.