Motorcycle insurance in Michigan costs an average of $953 per year, or $79 per month.
How much is the average motorcycle insurance in Michigan?
The cost of motorcycle insurance in Michigan is determined by a number of criteria, including the quantity of coverage, the motorcycle model, the rider’s age, riding history, and years of experience. MoneyGeek gathered motorbike insurance rates from a number of companies in Michigan.
For a full coverage policy, the average cost of motorcycle insurance in Michigan is $456 per year, or about $38 per month. A full coverage motorbike insurance policy costs $92 in Michigan, which is 20% higher than the national average of $364.
Riders in Michigan typically pay roughly $186 per year for a liability-only policy, or around $16 per month. This is an extra $45 over the national average.
Keep in mind, however, that this sort of insurance does not cover your motorcycle or your injuries in an accident when you were at fault.
The Michigan averages were calculated using $50,000/$100,000 in bodily injury liability, $25,000 in property damage liability, a $500 deductible, and $10,000 in personal injury protection (PIP).
Why is Michigan motorcycle insurance so expensive?
Motorcycle insurance can cost anything from less than $100 to more than $1000 per year. The differences in insurance costs are caused by a variety of factors, including:
- Factors affecting the state Almost every state requires motorcycle liability insurance, however the minimum amounts vary by state. The average annual cost is often between $100 and $500.
- For bodily injury or death involving one individual in a single accident, there is a $20,000 limit.
- For bodily injuries or deaths involving more than one person in a single accident, there is a $40,000 limit.
- In the event that the rider is injured in an accident that does not include another motor vehicle, there is still the option to purchase motorcycle PIP coverage in $5,000 increments.
(NOTE: Louisiana has the least liability coverage ($20,000 for personal injury and $10,000 for property damage), while Maine and Alabama have the most ($100,000 for injury and $50,000 for property damage.)
- Regional Variables. Whether you’re riding your motorcycle in a city or out in the country, or in an area with a lot of or little climate and weather change (or even in a high- or low-disaster area), these regional considerations will have an impact on the cost of insurance.
- The Bike’s Make and Model. The cost of insurance is directly related to the motorcycle’s make, model, and year. This includes the engine’s horsepower as well as any modifications (turbo kits) or other enhancements.
- The Person in Charge. The rates are also influenced by a person’s age and driving history. Due to the statistics showing a higher quantity of accident risks, the cost of coverage for younger drivers is higher. Any prior collisions or traffic offenses might also raise your insurance premiums.
- The frequency with which the motorcycle is used. The expenses are higher if it is used on a daily basis since the cyclist is more likely to be involved in an accident; nevertheless, weekend and seasonal bikers pay less.
- How to Store a Motorcycle. The premium will be cheaper if the bike is kept in a locker garage when not in use.
Do you need insurance on a motorcycle in Michigan?
In Michigan, anyone riding a motorcycle must acquire liability insurance from a licensed insurer. Under fact, under Michigan’s no-fault statute, motorbikes are specifically excluded as a motor vehicle and are not eligible for no-fault payments unless in particular circumstances (see below).
How does motorcycle insurance work in Michigan?
In Michigan, motorcycle insurance is compulsory. Liability coverage is required for motorcyclists in the event that they cause an accident that results in death or bodily injury. Motorcyclists who do not wear helmets are also required to carry first-party medical benefits coverage.
Why is motorcycle insurance so cheap?
Motorcycles are less expensive to insure than vehicles for several reasons. When determining premiums, insurance firms consider elements such as safety ratings. Cars are much more expensive to insure than motorcycles, despite the fact that they are typically regarded safer to drive.
What motorcycle has cheapest insurance?
Honda, Kawasaki, and Yamaha make some of the most affordable sportbikes. In general, the more lightweight a motorcycle is, the less expensive it is to insure. This is due to the fact that it has a smaller engine and can’t move as quickly, resulting in lower claim expenses and savings for insurance companies.
How much does it cost to get a motorcycle license in Michigan?
The price of a license The cost of adding a motorbike endorsement to your Michigan driver’s license is $13.50. When renewing your license, you must pay a $5.00 renewal charge.
How much does it cost to register a motorcycle in Michigan?
To ride a motorbike lawfully in Michigan, you must first apply for a motorcycle registration. The registration is valid for a year and ends on your birthday. You do not need to register a mini-cycle or a pocket rocket if you own one. On Michigan’s public roads, these two styles of bikes are prohibited.
You must have motorcycle insurance and a motorcycle title in order to register your bike in Michigan. You’ll require liability insurance worth between $20,000 and $40,000, as well as property damage coverage worth up to $10,000.
You must go to your local Secretary of State branch office to register your motorcycle for the first time. Make sure to bring the following items:
- To pay the registration fees and taxes, bring cash or a cheque. Payments by credit card are not accepted.
You must pay a $15 title charge as well as registration fees. The registration charge is determined by the original MSRP of your motorcycle.
Renewing Your Registration
You must renew your motorcycle registration before it expires if it is going to expire. Renewal of your motorcycle registration is a simple process that takes only a few minutes if you do it online. You must present proof of motorbike insurance as well as your renewal letter.
Renewal in Person or by Mail
Your motorbike registration can be renewed by mail or in person at a Secretary of State branch office near you. You must return your renewal notice, proof of motorcycle insurance, and payment to the postal address indicated on the notice to renew by mail.
How can I get my motorcycle license in Michigan?
- To get a Temporary Instruction Permit, go to a Secretary of State branch office and take the visual and written knowledge tests (TIP).
- Up to 180 days of practice riding with an endorsed motorcyclist and other limitations
- Schedule a riding skills test and pass it. The results will be sent to the Secretary of State by your tester.
- You’ll get an email with directions on how to get your CY motorbike endorsement, either online or at a Secretary of State branch office.
How many questions are on the motorcycle permit test in Michigan?
The Michigan motorcycle permit test has 20 questions, and you must have at least 16 accurate answers to pass.