Find the Cheapest Motorcycle Insurance Quotes in Your Area
Motorcycle insurance is required in most states in the U.S., but regardless of local laws, riders should purchase policies to protect their bikes and financial well-being. The average cost of motorcycle insurance is $702 per year in the U.S., which is well below the average cost of auto insurance. But, depending on which state you live in, average motorcycle insurance rates can vary by over 250%.
Average cost of motorcycle insurance: by state
We performed a study reviewing motorcycle insurance quotes across all 50 states to see what the average cost of motorcycle insurance quotes was in each one. We then took the aggregate of those prices and found that the average annual motorcycle insurance rate in the U.S. was $702. You can see how much motorcycle insurance costs on average per month in your state in the table below.
|State||Monthly motorcycle insurance rate||Annual insurance rate||Rank||Vs. U.S. average|
The average annual and monthly motorcycle insurance rates are rounded to the nearest whole dollar amount.
To estimate average rates, our study used a male, 45-year-old sample rider and gathered quotes from as many as six major motorcycle insurance carriers in each state. We calculated the average quote using a sample insurance policy, which included bodily injury protection of $100,000 per person/$300,000 per accident and $50,000 in property damage coverage. The deductibles for both comprehensive and collision coverage were $500.
States with the lowest average motorcycle insurance cost
The five states with the most affordable motorcycle insurance quotes all had rates that were at least 32% lower than the average in the U.S. With the exception of New Hampshire, all of the states with the cheapest rates were also located in the Midwest and Great Plains regions of the U.S.
States with the highest average cost of motorcycle insurance
Unlike the states with the cheapest motorcycle insurance, there is not as clear of a geographical correlation among states with the most expensive motorcycle insurance rates. However, states with high motorcycle insurance rates tend to have large populations, as well as longer riding seasons.
Paying for motorcycle insurance monthly is typically more expensive for a full year of coverage than if you pay for a policy in-full. The pay-in-full discount is commonly offered by the top insurers, such as Progressive, Esurance and Nationwide. So, if you live in a higher-cost state or are looking for cheaper rates, you may be able to save money by paying for six to 12 months of motorcycle insurance coverage at a time instead of paying monthly.
How do motorcycle insurance rates change with age?
In addition to the city you live in, the amount of coverage you purchase and your driving history, motorcycle insurance companies also calculate your cost of coverage based upon your age and years of experience. For example, the same motorcycle insurance policy from Progressive can range in price from $1,434 per year for a 50-year-old driver to $2,628 per year for an 18-year-old.
|Age||Annual motorcycle insurance cost||Monthly motorcycle insurance cost|
Since new riders have less experience, insurers estimate them to be more likely to be involved in an accident and, therefore, offer higher quotes. This applies whether you’re a 19-year-old new driver or an older rider with few years of experience on the road, though teens and those in their early 20s will typically face even higher motorcycle insurance premiums.
Sport vs. touring vs. cruiser: how your motorcycle affects insurance rates
Insurance companies will use all safety and risk information available to them when setting your rates, so naturally the type of motorcycle you ride has a large impact on your premiums. Specifically, insurers will consider:
- Motorcycle value: More expensive motorbikes cost more to repair and replace, so insurance companies will charge you more to insure them if you purchase comprehensive and collision insurance.
- Bike safety: Bikes with more safety features — such as anti-lock brakes — are less likely to be involved in an accident and will generally be cheaper to insure than bikes lacking those features.
- Crash rate: Certain motorcycle models and styles are involved in more accidents than others. If your model of bike is involved in crashes at a high rate, motorcycle insurance companies will assume that you are more likely to file claim.
- Theft rate: Insurance companies will often charge more to cover a bike that is often stolen, because there is a higher chance they'll have to pay out for a comprehensive claim. For this reason, flashy and expensive bikes that are high theft targets will be more expensive to insure.
Sport and supersport bikes (also referred to as street bikes) are generally much more costly to insure than other bikes, because they tick a lot of these boxes: They are relatively expensive, often wrecked and are high theft targets.
We collected typical motorcycle insurance rates and found that compared to cruiser style bikes, sports bikes were 388% more expensive to insure, despite having an average Kelley Blue Book value of only 82% more. Similarly, touring bikes were 40% cheaper to insure, while having a much higher average value. Below, we've included the average cost to insure various cruiser, touring and street bikes that shows the increased average motorcycle insurance costs.
|Motorcycle||Engine size||Blue Book value||Average annual cost of insurance|
|Cruiser||2017 Yamaha V Star 250||250cc||$3,390||$400|
|2017 Honda Rebel 500||500cc||$5,280||$484|
|2017 Harley Davidson Street 750||750cc||$6,815||$686|
|Touring||2017 BMW R 1200 RT||1,200cc||$16,800||$1,400|
|2017 Harley Davidson Road King||1,746cc||$17,300||$1,523|
|2017 Honda Gold Wing||1,833cc||$19,820||$1,640|
|Sport||2017 Kawasaki Ninja 300 ABS KRT||300cc||$4,850||$614|
|2017 Suzuki GSX-R600||600cc||$10,440||$3,895|
|2017 Ducati SuperSport||937cc||$12,865||$3,152|
The most frequent motorcycle insurance claims
Motorcycles share the road with personal automobiles, but they file different insurance claims most frequently. Single vehicle accidents accounted for the most motorcycle insurance claims, while rear-end collisions accounted for the highest number of auto insurance claims, according to a study by Progressive. A motorcyclist's greatest adversary when it comes to insurance is him or herself and their claims amount to a sizable losses.
In 2012, the Government Accountability Office (GAO) estimated that direct losses due to motorcycle crashes in the U.S. amounted to $16 billion. That estimate included the obvious: emergency services, medical costs including rehabilitation and property damage. It also accounted for things such as loss of market productivity or lost wages, household productivity and insurance costs such as claims and the cost of defense attorneys.
According to the most recent data available, the number of motorcycle injuries per year has increased from 81,000 in 2011 to 88,000 in 2015. Additionally, the cost of medical care has increased, as well. Taking those factors into consideration, it’s safe to assume that a more current study would result in an even higher direct loss cost.
The table below of Progressive's claims also shows the prevalence of motorcycle theft claims in comparison to other types of claims. Stolen and unrecovered motorcycles accounted for the fourth most motorcycle insurance claims, but theft claims weren't even in the top five of personal auto claims.
|Rank||Top motorcycle claims by type||Top personal auto claims by type|
|4||Stolen and unrecovered||Object coming from the road|
Motorcycles are more likely to be stolen than cars and trucks. The most common way thieves take them is simply by hoisting the motorcycle into a van and driving away. The tactic doesn't damage the bike and it makes for a stealthy getaway. It would be extremely difficult to steal a car the same way.
Reported motorcycle thefts in the U.S. decreased 6% between 2017 and 2018 to 41,674, according to calculations from the National Insurance Crime Bureau. Since 2006, motorcycle thefts are estimated to be down 38% from 66,774.
California had the highest number of thefts in 2018 (7,035), but it also has the highest number of registered motorcycles — more than 800,000. Florida had the second highest number of motorcycle thefts but was far behind California, with 4,279 bikes reported stolen.
Sources: I.I.I., NHTSA, Progressive, The National Insurance Crime Bureau (NICB), National Crime Information Center of the FBI, Motorcycle Industry Council (MIC).