How much is motorcycle insurance?
The average cost of motorcycle insurance in the U.S. is $33 per month. But your rate depends on many factors, including where you live, the type of bike you ride and your age. For example, motorcycle rates vary by $33 per month depending on which company you choose.
Average cost of motorcycle insurance by state
The cost of insurance for motorcycles varies by up to $51 per month from one state to the next.
Kentucky has the most expensive motorcycle quotes in the country, with an average of $69 per month. Riders in North Dakota have the cheapest bike insurance quotes, with an average of $18 per month.
There are a number of reasons why the place you live affects your bike insurance costs. Motorcycle insurance may be more expensive in places with high crime rates, more traffic, frequent severe weather or higher accident rates.
States with the cheapest motorcycle insurance
The five states with the most affordable motorcycle insurance rates are North Dakota, Iowa, South Dakota, Maine and Massachusetts. Motorcycle insurance quotes in these states are at least 36% cheaper than the national average.
States with the most expensive motorcycle insurance
The five most expensive states for motorcycle insurance are Kentucky, Florida, Arizona, Mississippi and Texas. These states tend to have warmer, longer riding seasons. Motorcycle insurance costs at least 39% more than the national average in these states.
If you live in a state with expensive rates, it's even more important to compare quotes to find the cheapest motorcycle insurance in your area.
How much is motorcycle insurance by company?
Motorcycle insurance rates can vary by $33 per month from one insurance company to the next.
The cheapest bike insurance comes from Dairyland, which costs $22 per month, on average. Nationwide is the most expensive company, at $55 per month.
Find Cheap Motorcycle Insurance Quotes in Your Area
Progressive and Harley-Davidson also offer cheaper-than-average quotes, at $23 and $24 per month, respectively.
Cheapest motorcycle insurance companies
How much is motorcycle insurance by age?
Young drivers usually pay more for motorcycle insurance.
That's because they have less riding experience and are more likely to cause an accident. For example, an 18-year-old rider can expect to pay 41% more for full coverage insurance than a 35-year-old.
Find Cheap Motorcycle Insurance Near You
Your insurance rate should go down as you gain experience, as long as you have a clean record. The average motorcycle insurance cost for 18-year-old riders is 26% more expensive than the rate for 21-year-olds. And 21-year-olds pay 12% more than 35-year-old riders.
Motorcycle insurance price by rider age
How much is motorcycle insurance for sport vs. touring vs. cruiser vs. scooter?
The type of motorcycle you ride greatly impacts how much you pay for insurance.
Sport and supersport bikes (also referred to as street bikes) are generally much more expensive to insure than other bikes.
That's because they're usually expensive to replace and thieves often steal street bikes.
Compared to cruiser-style bikes, sport bikes cost more than three and a half times as much to insure. That's despite having an average Kelley Blue Book value of around two and a half times more.
Similarly, touring bikes are 33% cheaper to insure than sport bikes, even though they're much more expensive to replace.
Motorcycle insurance average cost by type
|Yamaha V Star 250
|Honda Rebel 500
|Harley-Davidson Street 750
|BMW R 1250 RT
|Harley-Davidson Road King
When calculating your motorcycle insurance rates, companies consider your bike's:
- Value: More expensive motorbikes cost more to repair and replace. For that reason, insurance companies charge more for comprehensive and collision insurance on these bikes.
- Safety features: Bikes with more safety features, like anti-lock brakes, are less likely to be in an accident. That generally makes them cheaper to insure.
- Crash rate: Certain motorcycle models and styles have more accidents than others. If the type of bike you own is often in accidents, companies will assume you're more likely to file a claim.
- Theft rate: Insurance companies usually charge more to protect bikes that are often stolen with comprehensive insurance. That's because there's a higher chance the company will have to pay out a claim. For this reason, flashy and expensive bikes that are stolen more often are more expensive to insure.
Frequently asked questions
How much is motorcycle insurance in the U.S.?
The average cost of motorcycle insurance in the U.S. is $33 per month, or $399 per year. A number of factors may make your insurance rates more or less expensive, like where you live, the company you choose, your age and the type of bike you drive.
Why is my motorcycle insurance so expensive?
The four main factors that affect motorcycle insurance quotes are your age, your driving history, where you live and what type of motorcycle you have.
Less experienced riders or those with a recent accident pay more than riders with years of accident-free experience. If you live in an area with a lot of motorcycle theft, you'll likely pay more. And a powerful sport bike costs more to insure than a lower-power cruiser.
Are motorcycles expensive to insure?
Motorcycles are much cheaper to insure than cars. The average cost of full coverage motorcycle insurance is just $33 per month. Full coverage car insurance costs $165 per month, on average.
That could be in part because many riders use their motorcycle as a second vehicle and motorcycles are typically cheaper to replace after an accident.
Do motorcycles need insurance?
In most states, the answer is yes. How much coverage you need to buy changes by state.
A few states allow you to legally ride a motorcycle without insurance or proof of financial responsibility. However, we still recommend protecting yourself with an insurance policy.
Which motorcycles are expensive to insure?
Supersport or street bikes are typically the most expensive to insure. That's because people with street bikes tend to have riskier riding behaviors. These motorcycles are also stolen more often than other types of bikes, like cruisers.
ValuePenguin collected thousands of quotes from top insurance companies across the country to find the average cost of motorcycle insurance by state. Quotes are for a 45-year-old single man who owns a 2018 Honda CMX500 Rebel.
Rates are for a full coverage policy, which includes higher liability limits than the state requirement along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Uninsured and underinsured motorist property damage: $25,000 per accident
- Medical payments: $5,000
- Comprehensive and collision deductible: $500
To find how driver age affects motorcycle insurance rates, ValuePenguin gathered quotes from Progressive for a man living in Los Angeles with a clean driving record. He has had his driver's license since he was 16 years old and has been riding a motorcycle for 10 years or since his 16th birthday, whichever is shorter.
When comparing the rates for different types of motorcycles, we collected quotes from Progressive for a 50-year-old single man with a clean record living in Los Angeles. He has had a driver's license since he was 16 years old and has been riding a motorcycle for 10 years.