Motorcycle Insurance in Idaho: The Cheapest Quotes and Best Companies

Typically, the minimum liability coverage policy is the cheapest in Idaho for motorcycle riders. While you may pay less for this policy, it may not be the best option since it only covers bodily injury and property damage costs. Although the minimum liability policy is the most affordable option for motorcycle insurance in Idaho, it has lower limits and provides much less protection than comprehensive and collision coverage.

MoneyGeek used a sample rider with a 50/100/25 liability-only motorcycle insurance coverage and a good riding history to determine the costs for this study.

According to MoneyGeek’s research, the cheapest companies for motorcycle insurance in Idaho are:

• Markel: $62 per year
• Progressive: $75 per year

Markel’s motorcycle insurance policy costs 66.1% less than what the most expensive company, Nationwide, charges on average per year. If you purchase your policy from Nationwide, you will pay around $183 per year.

Riders wishing to get more protection for their motorcycle in Idaho may need to purchase a full coverage policy with comprehensive and collision insurance. A full-coverage policy not only protects you from a collision with other vehicles and structures but also covers the damage or loss of your bike as a result of non-collision occurrences, like theft, fire or vandalism.

If you are still making payments for your motorbike, you may wish to consider getting full coverage instead of liability-only insurance in Idaho. Based on the MoneyGeek study, the lowest motorcycle insurance rates in Idaho for a good rider with a full coverage policy that offers a 50/100/25 limit and a deductible of $500 come from:

• Dairyland: $233 per year
• Harley-Davidson: $248 per year

Nationwide is the most expensive insurer for a full coverage policy in the state, at an average of $730 per year. That is around 68.1% more than what Dairyland charges.

Insurance companies in Idaho consider several factors while determining their average costs. These include your riding record, the bike’s make and model, level of coverage, age and years of riding experience. MoneyGeek compared quotes for various rider profiles to determine the average cost of motorcycle insurance in Idaho.

On average, a full coverage motorcycle insurance policy in the state costs $352 annually, which is about $29 per month. This cost is less than the national average by $11 per year.

For liability-only coverage, the average cost of motorcycle insurance in Idaho is $116 per year or approximately $10 per month. That is $25 less than the annual national average. While the liability-only coverage is cheaper, it covers neither your bike nor your injuries in the event of an accident.

The costs used in this analysis represent average rates for a policy that has bodily injury liability coverage of $50,000/$100,000, property damage liability coverage of $25,000, a deductible of $500 and minimum uninsured motorist coverage.

MoneyGeek analyzed the best motorcycle insurance in Idaho by comparing the costs across various coverage amounts from different providers. The scores depend on data that is unique to motorcycle insurance policies in the state. Companies rank according to financial stability scores from AM Best, policy prices and product offerings.

Based on MoneyGeek’s research, Progressive is the best motorcycle insurance provider in Idaho.

Several factors contribute to motorcycle insurance rates in Idaho. If you wish to find the best coverage for your needs, you may need to shop around and compare quotes across various insurers.

The majority of insurance companies in Idaho allow riders to request a quote online. The information you will need to provide includes:

• Your date of birth
• ZIP code and address where you park the motorcycle
• Year of manufacture, model and make of your bike
• Riding history and level of experience
• Insurance coverage elections (see more about this below)

It is mandatory for all bikers in Idaho to purchase motorcycle insurance that meets the minimum liability coverage requirements of the state. Idaho’s minimum requirements include:

• $25,000 per person bodily injury liability
• $50,000 per accident bodily injury liability
• $15,000 property damage liability

Bikers in Idaho are required to get policies with a minimum liability-only coverage of 25/50/15. This implies that your coverage should have at least $25,000 in bodily injury coverage per person, with a total of $50,000 per accident and a property damage liability limit of $15,000. These limits represent what your insurer will pay in case you get involved in an at-fault accident.

Idaho requires bikers to have uninsured motorist coverage in their bodily injury liability policies. Meanwhile, there is no statutory requirement for property damage caused by uninsured motorists, and you may need to ask your agent if your policy includes uninsured motorist property damage.

Several factors contribute to the cost of motorcycle insurance in Idaho. Some of the common questions asked about motorcycle insurance in the state include:

MoneyGeek used different driver profiles and coverage amounts to determine the cheapest and most expensive motorcycle insurance providers in Idaho. The factors used to establish the best motorcycle insurance carriers in the state include financial stability scores from AM Best (10% weighting), product offerings and services (30% weighting) and statutory policy costs (60% weighting). MoneyGeek obtained Idaho’s most recent insurance coverage requirements and laws from the state’s DMV to give you accurate information.