The Cheapest Motorcycle Insurance in Florida

The most affordable option for motorcycle insurance in Florida is a policy that meets only the state’s minimum coverage limits for bodily injury and property damage liability insurance. While choosing a liability-only policy costs significantly less than full coverage, it may not always be the best option. Having comprehensive and collision coverage is usually the better option for most Florida riders as it provides more protection and higher liability limits. For this analysis, MoneyGeek evaluated rates for a good rider with 50/100/25 liability-only coverage.

Cheapest Liability-Only Motorcycle Insurance Quotes in Florida

MoneyGeek’s study shows that the cheapest liability-only motorcycle insurance policies in Florida are from:

  • Markel: $58 per year
  • Progressive: $70 per year

On the other hand, Dairyland charges the most expensive rate for liability-only motorcycle insurance. Its average rate in the state is $249 per year, 76.7% more expensive than Markel.

Company
Annual Premium

1.

Markel

$58

2.

Progressive

$70

3.

GEICO

$99

4.

Harley-Davidson

$199

5.

Dairyland

$249

Cheapest Full Coverage Motorcycle Insurance Quotes in Florida

If you want better protection, opting for a full coverage policy with comprehensive and collision insurance may be worth considering. This level of coverage will protect you against damages due to collisions with another vehicle or other structures. At the same time, it pays for damages to or the loss of your bike due to non-collision incidents like fire, theft or vandalism. Riders making payments on their motorcycles may need to buy a full coverage policy.

MoneyGeek used a good rider with 50/100/25 coverage and a $500 deductible for this analysis. Based on the research, the cheapest motorcycle insurance companies in Florida for full coverage are:

  • Progressive: $200 per year
  • Markel: $288 per year

Meanwhile, the company with the most expensive rate for a full coverage policy in Florida is Dairyland. The average rate of Dairyland policies with this level of coverage is $361 per year, which is 44.6% more than Progressive typically charges.

Company
Annual Premium

1.

Progressive

$200

2.

Markel

$288

3.

Harley-Davidson

$289

4.

GEICO

$346

5.

Dairyland

$361

What Is the Average Motorcycle Insurance Cost in Florida?

Motorcycle insurance rates in Florida vary depending on certain factors, such as coverage amounts, motorcycle model, riding record, age and years of riding experience. MoneyGeek gathered and compared average motorcycle insurance premiums for different rider profiles from insurers offering coverage in Florida.

For full coverage motorcycle insurance in Florida, the average premium cost is $297 per year or approximately $25 per month. In comparison, this rate is $67 cheaper than the national average of $364 per year. That means Florida riders tend to pay 18.41% less for motorcycle insurance.

The average cost of liability-only insurance in the state is $135 per year or about $11 monthly. The national average is $141 per year, which means Florida has a 4.26% cheaper liability-only insurance rate. Liability-only insurance does not cover the policyholder’s motorcycle or injuries if they caused the accident.

Policy coverages used to determine Florida averages were $50,000/$100,000 in bodily injury coverage with $25,000 for property damage and a $500 deductible for full coverage policies.

Type
Cost
National Average
Delta vs National Average

Full Coverage

$297

$364

-$67

Liability

$135

$141

-$6

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The Best Motorcycle Insurance Companies in Florida

To calculate the final rankings and determine the best motorcycle insurance in Florida, MoneyGeek used a unique rating system that includes products and services, affordability and financial stability. Based on the study, Progressive is the highest-scoring carrier in the state. Learn more about MoneyGeek’s methodology below.

The best motorcycle insurance companies in Florida are:


1
Progressive
Score:97

5/5

Affordability

4.7/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Pros

  • Has a handy mobile app
  • Online quoting tool
  • Extra coverage options

Cons

  • J.D. Power user satisfaction rating is below average
  • Not all discounts are available in all states
  • Cheap annual premium for basic liability is not available in all states
More About Progressive

Garnering a MoneyGeek score of 96.25 out of 100, Progressive is in first place in our rankings. Its ranking is based on high ratings across all categories. The average cost of a Progressive liability-only insurance policy in Florida is $70 per year. Meanwhile, the company’s full coverage policy costs $200 on average.

The wide range of coverages that Progressive offers makes it one of the most appealing options for Florida riders. It has unique features that may not be available from other insurers in the state. For instance, all Progressive motorcycle insurance policies automatically include custom parts and original equipment manufacturer (OEM) parts coverage. The enhanced injury protection feature will pay you up to $250 per week for two years if you get injured or cannot work due to a covered incident. If you have this coverage, the company will also pay your beneficiaries $25,000 if you die due to a fatal accident. There may also be different discounts available to eligible policyholders.

2
Harley-Davidson
Score:87

4/5

Affordability

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Pros

  • Online quotes and bill payment
  • 24/7 claims filing via phone or internet
  • Multiple discounts

Cons

  • Can be more expensive than other insurers
  • Cannot be bundled with your car insurance
  • No mobile app
More About Harley-Davidson

In third place is Harley-Davidson. It earned a MoneyGeek score of 83.5 out of 100. On average, the cost of a liability-only policy from Harley-Davidson is $199 per year. Meanwhile, the company’s full coverage policy in Florida costs an average of $289 per year.

No matter the make and model of your bike, Harley-Davidson has a motorcycle insurance policy available for you. The company allows riders to get online motorcycle insurance quotes in Florida. Policyholders can also pay bills online. Harley-Davidson offers several different discounts, including those for riders whose bikes have safety features. The automatic accident forgiveness of this insurer is available for all its policyholders. This feature ensures that your annual premium will not increase if you make a claim at least 12 months after the start of your policy term.

3
Markel
Score:85

How to Get a Motorcycle Insurance Quote in Florida

Florida riders can get motorcycle insurance quotes online. Insurance carriers will require some pieces of information to help them calculate your premiums. Here is what you will need:

  • ZIP code
  • Florida address where you keep your bike
  • Motorcycle year, make and model
  • Your birthdate and riding record
  • Insurance coverage elections (for more information on this, see below)
Compare Motorcycle Insurance Rates

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How Much Motorcycle Insurance Coverage Do You Need in Florida?

When it comes to motorcycle insurance, riders need to know the minimum requirements for the state where they reside. Motorcycle insurance in Florida is not required by law. However, it is strongly recommended. Riders who do not have motorcycle insurance in Florida are more vulnerable to potential lawsuits if they cause damages or injuries due to an accident.

Florida riders can get a combined single limit policy with at least the following coverages:

  • $10,000 per-person bodily injury liability (BI)
  • $20,000 per-accident bodily injury liability
  • $10,000 property damage liability (PD)
  • Personal injury protection (PIP)

How Much Insurance Coverage Is Required in Florida?

Florida does not impose minimum coverage limits for riders as motorcycle insurance is not required in the state.

Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Florida?

Motorcycle insurance in Florida is not required. While uninsured motorist, underinsured motorist and PIP coverage are not mandatory, riders can still purchase these coverages as part of their motorcycle insurance policies.

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MONEYGEEK EXPERT TIP

For most riders in Florida, MoneyGeek recommends a full coverage policy of at least 50/100/25 and preferably 100/300/100 because of the small incremental cost for a large increase in coverage.

Frequently Asked Questions About Motorcycle Insurance in Florida

Finding the best motorcycle insurance in Florida requires riders to consider various factors. Here are some of the most commonly asked questions about motorcycle insurance in the state.

Which company has the cheapest car insurance in Florida?
How much does motorcycle insurance cost for most riders in Florida?
Which company is the best motorcycle insurance provider in Florida?
Do you need motorcycle insurance in Florida?
Compare Motorcycle Insurance Rates

Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

Methodology

MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles to help our users determine which is the least expensive provider in Florida. The best motorcycle insurance companies in Florida were determined using three factors, including policy cost in Florida (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in Florida were gathered from the state Highway Safety and Motor Vehicles unit to ensure accurate and up-to-date information.

Experts' Insights on Finding Affordable Motorcycle Insurance in Florida

  1. Why do motorcycle insurance rates change depending on your state? Are they expensive or cheap in Florida?
  2. What are the best coverages to add to motorcycle insurance in Florida?
Armando G. Hernandez
Armando G. HernandezTrial Attorney and Founder of AGH Law in Miami

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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