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- Well-regarded sport bikes include the Honda CBR and Kawasaki Ninja lines, with 2015 models typically running from around $9,000 to $16,000. But be sure to set plenty of money aside for insurance premiums on these bikes. After all, sport bikes’ high speed and popularity among younger, riskier riders make them more expensive to insure.
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Why are sport bikes more expensive to insure?
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Jul 31, 2015 · After all, sport bikes’ high speed and popularity among younger, riskier riders make them more expensive to insure. Example: 2015 Honda Interceptor 782 Annual premium: $1,335.75
How much does sport bike insurance cost? With Progressive, you can get liability insurance on your sport bike for as low as $75/year. * Depending on the type of bike you have and the amount of coverage you want, your rate may vary. An inexperienced rider with a newer model sport bike will likely pay more than an experienced rider with an older ...
- Do you need sport bike insurance?Yes. It's required by most states to have liability insurance on your bike to legally ride on the streets. We offer the same coverages for our spor...
- How much does sport bike insurance cost?With Progressive, you can get liability insurance on your sport bike for as low as $75/year.* Depending on the type of bike you have and the amount...
- What does sport bike insurance cover?From accidents (regardless of fault) to theft, vandalism, custom parts, medical bills, and even roadside assistance, our sport bike insurance cover...
Apr 17, 2024 · Compared to cruiser-style bikes, sport bikes cost more than three and a half times as much to insure. That's despite having an average Kelley Blue Book value of around two and a half times more. Similarly, touring bikes are 33% cheaper to insure than sport bikes, even though they're much more expensive to replace.
- Lindsay Bishop
Feb 1, 2023 · The average cost of motorcycle insurance is $364 (full coverage 50/100/25) per year. But your actual premium can be significantly lower or higher based on your rider profile. MoneyGeek broke down these factors to help you determine how much you might pay for motorcycle insurance and help you find the right provider.
- Rachael Brennan
As mentioned before, sports bikes are inherently costly due to their advanced features and high-performance capabilities. To ensure adequate coverage for your valuable sports bike, you will obviously want a higher IDV. And, a higher IDV leads to higher insurance premiums. 2️⃣ Expensive Spare Parts.
May 8, 2022 · If you want to ride a sports bike legally, most states require you to carry some type of insurance coverage. With policies often significantly more expensive because of the factors involved with this motorcycle class, the costs of protecting it can be prohibitively expensive for even good riders.
Given the nature of a sport bike, it can be expensive to insure. In fact, a young rider insuring a 600cc bike may have to pay an insurance premium that rivals their monthly payment for the bike itself! The cost can prompt a rider to find ways to cut the cost at the expense of coverage. That can be a huge mistake.
