Sport Bike Insurance
Designed as high-performance motorcycles, sport bikes need a special kind of coverage made just for them.
Written by
Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Reviewed by
Cara Carlone is a licensed P&C agent with 20 years of experience. She has her P&C license in RI and TX and holds CPCU, API, and AINS designations.
Sport bikes can bring a lot of joy and excitement, but they also come with a host of risks to be aware of. However, they're not quite in the same category as other vehicles or even other motorcycles, so they can't share the same kind of insurance policy. As such, sport bikes need coverage tailored specifically to them.
Fortunately, an independent insurance agent can easily help you find the right sport bike insurance. They'll get you matched to all the coverage you need fast. But first, here's an overview of sport bike insurance, what it covers, and why it's necessary.
What Is Sport Bike Insurance?
Sport bike insurance, sometimes called sportbike insurance or even street bike insurance, is coverage tailored to these high-performance bikes. A sport bike belongs to a specific category of motorcycles that demands certain types of coverage to meet its exposures. Considering sport bikes are known and designed for greater agility and speed than other kinds of motorcycles, a standard motorcycle insurance policy may not be able to cover them.
Who Needs Sport Bike Insurance?
Anyone who owns a vehicle or motorcycle is required to get it equipped with the proper type of insurance, and owners of sport bikes are no exception. Some of the most commonly insured sport bikes are the:
- Kawasaki Ninja
- Suzuki GSX-R & GSX-S
- Honda CBR
- Yamaha YZF
- Ducati Panigale
- Ducati SuperSport
If you own one of these bikes or another kind of sport bike, you'll need to get it equipped with coverage that at least meets your state's minimum requirements for liability and additional protections.
What Does Sport Bike Insurance Cover?
You can buy several types of coverage to protect yourself and your sport bike. You can expect to find some or all of the following types of coverage in a sport bike insurance policy:
- Comprehensive coverage: Pays for damage to your sport bike due to a non-collision event such as a flood or theft.
- Collision coverage: Pays for damage to your sport bike from a collision with another driver or rider, regardless of fault.
- Medical payments insurance: Pays for medical treatment to you or your passengers resulting from an accident on your street bike or sport bike.
- Bodily injury and property damage liability: Pays for costs associated with third-party claims of bodily injury or personal property damage caused by you and your sport bike.
- Roadside assistance coverage: Pays for costs associated with emergency services needed to rescue you and your sport bike if you get stranded on the road for some reason, such as due to an accident or dead battery.
- Custom parts and equipment or accessory insurance: Covers equipment or accessories on your bike that are an addition to the originally manufactured equipment, including items that enhance the performance, appearance, or utility of the bike. Equipment often covered under this type of insurance includes:
- Electronic audio or communication equipment, including mounting hardware
- Custom paint or exhaust equipment
- Trike conversion kits
- Trailers designed for use with a motorcycle (if attached at the time of the incident)
- Sidecars (if attached at the time of the incident)
- Protective apparel, including helmets, chaps, goggles and gloves
An independent insurance agent can help you build and customize a complete sport bike insurance package that best meets your needs.
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How Much Is Sport Bike Insurance?
You can sometimes find minimum coverage for sport bikes for as little as $75 per year. But the cost of sport bike insurance may depend on a number of factors related to you and your bike. These can include:
- Your age and location
- Your driving and riding experience
- Your driving record
- Your credit score (in certain states)
- Your claim history
- The type of bike you own
- The type and amount of coverage you buy
An independent insurance agent can help you find the most affordable sport bike or street bike insurance in your area.
Here's How an Independent Insurance Agent Can Help
Independent insurance agents know which carriers in your area offer the sport bike insurance you need. They're free to shop and compare quotes from multiple companies, so they can find you the best overall blend of coverage and cost. And down the road, they'll be there to help file motorcycle insurance claims for you and update your coverage as necessary.
https://www.progressive.com/motorcycle/sport-bike-insurance/