Compare motorcycle insurance in Virginia

Virginia keeps basic insurance requirements and middle-of-the-road accident risk, all leading to the state’s low average premiums. Virginia also offers a wide selection of insurers, since many of the big names and regional insurers are available here.

Average motorcycle insurance in Virginia

The state average bike insurance premium of $470 per year falls below the national average of $518. Riders may pay a lower premium because Virginia has fewer bike fatalities than other states, according to a 2017 NHTSA motorcycle statistics report.

Minimum motorcycle insurance requirements in Virginia

Always the median, Virginia has pretty standard insurance requirements, including:

• $25,000 for bodily injuries per person
• $50,000 for bodily injuries per accident
• $20,000 for property damage per accident

However, Virginia is unique in that it allows all vehicle owners, including bike owners, to pay an uninsured driver fee of $500 if they don’t want to carry coverage. The fee doesn’t endorse riding without insurance but allows riders to operate their motorcycle uninsured at their own risk. If you go the uninsured route, you’ll be responsible for the costs in an accident.

How can I save on motorcycle insurance in Virginia?

Discover ways to save on your bike policy:

• Garage your bike. Virginia has its fair share of motorcycle theft. To prevent yours from getting stolen and receive savings on comprehensive coverage, store your bike in a garage or enclosed space.
• Take a bike safety course. This state stands in the middle for bike fatalities, making it just as important to get defensive riding training so you can steer clear of accidents.
• Revamp your bike with safety features. This small state has a variety of attractive riding terrain: beaches, mountains and city streets. If you plan to explore or commute regularly, consider adding features like antilock brakes or airbags and using protective gear for added safety and discounts.

Bottom line

Even if you pick a quick option to get you on the road, you’ll likely have a low premium in Virginia. But consider multiple insurers for their coverage, value and discounts to make sure you get the best protection for your situation.

Frequently asked questions about Virginia motorcycle insurance

• What is the penalty for riding without motorcycle insurance in Virginia?

  If you’re caught riding uninsured and haven’t paid the uninsured motor vehicle fee, you’ll receive a license and registration suspension. In addition, you’ll have to pay a $500 statutory fee and license reinstatement fee, plus file an SR-22 with an insurer for three years.

• Who has the cheapest motorcycle insurance in Virginia?

  Geico has some of the cheapest premiums and a variety of discounts. However, you may want to get quotes from several providers because your premium can differ based on your specific location, bike and driving record.

• Are there other options for proving financial responsibility in Virginia?

  Not for individuals. However, self-insurance and surety bonds are options for business vehicles. If you don’t want to keep insurance on a bike you’re storing, you’ll need to temporarily deactivate or surrender your license plate to the Virginia Department of Motor Vehicles.

Written by

Sarah George

Writer

Sarah George is Staff Writer for Small Business Loans at BankRate and formally a personal finance writer at Finder focusing on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and Reviews.com, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance. See full bio

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Sarah has written 134 Finder guides across topics including:

• Car, motorcycle, home and life insurance
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