What influences the cost of motorcycle insurance?
As with car insurance, a number of other factors also affect the cost of your motorcycle insurance premiums, including your age, ZIP code, driving record, and where you store your bike.[2] Insurers look at these factors to determine how much risk you pose as a driver. People who demonstrate more risk will likely pay higher premiums.
Age
Your age can affect the cost of your motorcycle insurance. Drivers younger than 21 typically pay the highest motorcycle insurance premiums on average due to their lack of driving experience. A 50-year-old driver pays much less on average for motorcycle insurance coverage than an 18-year-old. On average, 18-year-old motorcyclists pay $533 per month for coverage.
Age | Average Monthly Quote |
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18 | $533 |
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21 | $273 |
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25 | $183 |
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30 | $162 |
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40 | $148 |
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50 | $138 |
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Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Location and storage
Where you live and where you store your motorcycle also affect your insurance rates. Drivers who live in larger cities typically pay more than motorcyclists in rural areas driving on less congested roads. Cities tend to have busier roads and higher crime and theft rates, which can increase insurance premiums.
Georgia offers the cheapest average motorcycle insurance quote, at $75 per month, and motorcyclists in New York face the most expensive average quote, at $305 per month.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Your driving record and experience
Having a clean driving record will help you earn the best motorcycle insurance rates. If you have an accident or get a speeding ticket or DUI, the cost of your motorcycle insurance will increase.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The type of motorcycle
The type of motorcycle you have affects your premium. Bikes with higher horsepower or modifications pose a higher risk and can result in more expensive premiums. If you build your own bike from a kit, some insurers may not allow you to buy full-coverage insurance. However, some insurance companies sell add-on coverage you can purchase if you want to insure custom parts on your bike.[3]
Credit history
In most states, insurance companies can look at your credit history when determining premiums. A higher credit rating often leads to lower insurance premiums. States that prohibit or restrict this practice in some way include California, Hawaii, Massachusetts, Michigan, and Washington.[4]
Credit Tier | Yearly Quote: Full Coverage | Yearly Quote: Liability Only |
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Excellent | $1,427 | $687 |
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Good | $1,779 | $811 |
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Average | $1,991 | $885 |
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Poor | $3,101 | $1,325 |
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Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Frequency of use
Someone riding their motorcycle to work every day might pay more for insurance than someone only using their bike for pleasure on the weekend. More miles on the road often translates to higher premiums.