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Compare motorcycle insurance in Florida
Prepare for high premiums despite low insurance requirements.
Florida motorcyclists have few insurance laws which can keep their riding costs low. However, you may want more coverage than required because of the high motorcycle crash rate here. But more protection comes at a higher price.
Motorcycle insurance providers in Florida
Average motorcycle insurance in Florida
This state is known for high motorcycle premiums, with an average of $689 per year or $57 per month. That’s a few hundred dollars higher than you’ll find in most states, which usually range from $300 to $500 annually.
The high cost makes sense since Florida has the highest motorcycle fatality rate of any US state, with 550 deaths in 2017. Plus, low insurance requirements could mean that more riders have less insurance than they need, making options like uninsured/underinsured motorist coverage more costly choices.
Minimum motorcycle insurance requirements in Florida
Unlike other states, Florida doesn’t require liability coverage. Instead, this state requires you to have at least $10,000 of medical payments coverage that you can carry through health or vehicle insurance.
This is not to be confused with personal injury protection (PIP), which isn’t available to motorcyclists in the state.
The state recommends keeping liability coverage to avoid being held financially responsible if you cause an accident. To ensure financial responsibility:
- Purchase bike insurance. A good rule is to keep the same liability coverage as other drivers: $10,000 for bodily injuries per person, $20,000 for bodily injuries per incident and $10,000 for property damage liability.
- Show proof of financial responsibility. You’ll need both a surety bond from a licensed company and a security deposit with the Department of Highway Safety and Motor Vehicles.
- Apply for self-insurance. Prove you have a certain amount of accessible funds or assets and you can apply for a self-insurance certificate with the Bureau of Financial Responsibility.
How to save on bike insurance in Florida
Because Florida has minimal bike insurance laws, you can get by with little coverage and a low premium upfront. However, consider these easy ways to save:
- Use health insurance for injury protection. If you have at least $10,000 of health insurance coverage, you may not need personal injury protection from a bike insurer. And you’ll be covered for more than just bike accidents.
- Take a motorcycle safety course. You could get a discount by completing an approved safety course.
- Lower coverage. You can go with the lowest insurance protection here without any state liability laws. But keep in mind that you’ll have to pay out of pocket if an accident occurs.
Bottom line
Florida might have stellar views that make riding a fun mode of transportation, but the state also has many severe bike accidents. Despite its low insurance requirements, consider bike insurers who offer helpful liability and physical damage coverage.
Frequently asked questions about Florida motorcycle insurance
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