Average Cost of Motorcycle Insurance (2021)

Average Cost of Motorcycle Insurance (2021)

Get the best rates for motorcycle insurance by comparing quotes.

The average cost of motorcycle insurance is $721 per year in the U.S., but rates may vary by more than 150% depending on your location.

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Motorcycle insurance is required in most U.S. states, but every rider benefits from active coverage, regardless of local requirements. We collected thousands of quotes from across the country to find out how much it costs to protect your bike, your health and your financial well-being.

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Average cost of motorcycle insurance by state

We conducted a review of motorcycle insurance quotes across all 50 states and found that the average cost of motorcycle insurance quotes in the U.S. is $721 for a full year of coverage. Because the cost of coverage varies based on your location, it's useful to get more than one quote to find the best price.

You can see how much motorcycle insurance costs on average per month in your state in the table below.

Cost rank
State
Monthly rate
Annual rate
Difference vs. national average
1California$151$1,816152%
2Louisiana$95$1,14258%
3Missouri$85$1,01641%
4Michigan$79$95332%
5Florida$79$94231%
6North Carolina$78$93630%
7Rhode Island$76$91527%
8Kentucky$76$90826%
9Tennessee$74$88823%
10Massechusets$72$86620%
11Utah$69$83215%
12Texas$69$82214%
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Monthly rate equals annual rate divided by 12. However, some insurers offer pay-in-full discounts.

We collected rates from up to six major motorcycle insurance carriers in each state, based on a sample 45-year-old male rider. The coverage limits we requested in our quotes included:

  • Bodily injury liability coverage: $100,000 per person/$300,000 per accident
  • Property damage liability coverage: $50,000
  • Comprehensive and collision deductible: $500

States with the most affordable motorcycle insurance

The five states with the most affordable motorcycle insurance quotes all had rates that were at least 36% lower than the average in the U.S. All of the states with the cheapest rates were located in the Midwest and Great Plains regions.

Top 5 cheapest states for motorcycle insurance

States with the most expensive motorcycle insurance

Unlike the most affordable states, the costliest states for motorcycle insurance showed no clear geographical correlation. However, they did tend to have large populations and warmer, longer riding seasons.

Top 5 most-expensive states for motorcycle insurance

Paying for your motorcycle insurance in 12 monthly installments is usually more expensive than if you pay for a yearlong policy up front. The pay-in-full discount is common at top insurers such as Progressive, Allstate and Nationwide. If you live in a state where coverage is expensive, or you want a lower overall rate, consider paying for six to 12 months of motorcycle insurance coverage at one time instead of paying monthly.

How do motorcycle insurance rates change with age?

Motorcycle insurance providers usually charge higher premiums to younger drivers, who are viewed as more likely to be involved in an accident.

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 on your age and years of riding experience.

Cost of motorcycle insurance by rider age

2019 Yamaha V Star 250
2019 Kawasaki Ninja 400
2019 BMW R 1250 RT
TypeCruiserSportTouring
16-year-old$2,576$4,002$5655
18-year-old$2,044$2,774$3,952
21-year-old$1,911$2,102$2,979
35-year-old$1,389$2,110$2,719
50-year-old$1,389$2,110$3,394

All annual quotes were gathered from Progressive for a male rider living in Los Angeles with a clean driving record who 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.

However, as long as you're not involved in any accidents, your premium should decrease as you gain experience. For example, 18-year-old riders are often charged more for insurance than 21-year-olds, while 21-year-olds often have slightly more expensive rates than middle-aged riders.

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Sport vs. touring vs. cruiser vs. scooter: How your motorcycle affects insurance rates

Insurance companies use all safety and risk information available to them when setting your rates, so the type of motorcycle you ride has a large impact on your premium. Specifically, insurers consider:

  • Motorcycle value: More expensive motorbikes cost more to repair and replace, so insurance companies 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 are generally 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 higher rate, motorcycle insurance companies assume you are more likely to file a claim.
  • Theft rate: Insurance companies often charge more to cover a type of bike that is often stolen. That's because there's a higher chance the insurer will have to pay out for a comprehensive claim. For this reason, flashy and expensive bikes that are high theft targets are 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, sport bikes are 257% more expensive to insure, despite having an average Kelley Blue Book value of only 169% more. Similarly, touring bikes are 33% cheaper to insure than sport bikes, while having a much higher average cost.

Below, we've included the average cost to insure various cruisers, touring motorcycles, street bikes and scooters that shows the increase in average motorcycle insurance costs.

Style
Motorcycle
Engine size
Blue Book value
Annual premium
Cruiser2019 Yamaha V Star 250250cc$3,620$1,389
2019 Honda Rebel 500500cc$5,645$1,894
2019 Harley-Davidson Street 750750cc$6,230$1,853
Cruiser average:$5,165$1,712
Touring2019 BMW R 1250 RT1250cc$18,920$3,394
2019 Harley-Davidson Road King1746cc$17,900$2,675
2019 Honda Gold Wing1833cc$21,680$3,943
Touring average:$19,500$3,337
Sport2019 Kawasaki Ninja 400300cc$4,555$2,110
2019 Suzuki GSX-R600600cc$9,9000$7,097
2019 Ducati SuperSport937cc$11,755$4008
Sport average:$8,737$4,405

Average annual motorcycle insurance quotes were gathered from Progressive for a 50-year-old single male rider with no accidents or traffic violations, 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.

The most frequent motorcycle insurance claims

In 2010, the Government Accountability Office (GAO) estimated that direct losses due to motorcycle crashes in the U.S. amounted to $16 billion. That estimate included direct costs like emergency services, property damage and medical costs including rehabilitation. It also accounted for things such as lost wages, household productivity and legal defense costs in liability claims.

According to the most recent data available, the number of motorcycle injuries per year has decreased from 104,000 in 2016 to 84,000 in 2019. However, the cost of medical care has increased. Taking those factors into consideration, it's likely that a more current study would result in an even higher direct loss cost.

Given their smaller size and weight, motorcycles are more likely to be stolen than cars and trucks. Thieves commonly hoist the bike into a van, which minimizes both the damage to the motorcycle and the likelihood of getting caught in the act.

Reported incidents of motorcycle theft in the U.S. decreased 2% between 2018 and 2019, to 40,830, according to calculations from the National Insurance Crime Bureau. Since 2006, motorcycle thefts are estimated to be down 39%, from 66,774.

States with the highest number of motorcycle thefts

The five states with the highest number of stolen motorcycles in 2019 represent over 42% of the total number of stolen bikes in the U.S.

Top 5 states with the most motorcycle thefts

What does motorcycle insurance cover?

Like car insurance, motorcycle insurance covers your financial liability if you are responsible for an accident. Full-coverage motorcycle insurance can also include comprehensive and collision coverage, which pays for damage to your bike in a crash or due to other causes, like theft. Some motorcycle insurers also offer extras like roadside assistance and trip cancellation coverage.

Why is my motorcycle insurance so expensive?

The three main factors that influence how much motorcycle insurance costs are who you are, where you live and what type of motorcycle you have. Younger, less experienced riders or those who have recently gotten into a crash pay more than riders with years of accident-free riding 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.

Do motorcycles need insurance?

In most states, the answer is yes. How much coverage you are required to buy changes by state, and some states require personal injury protection, while others do not. A few states allow residents to legally ride motorcycles without insurance or proof of financial responsibility. However, we still recommend protecting yourself with an insurance policy.

Which company has the best motorcycle insurance?

The best motorcycle insurance policy depends on your specific needs, like the type of motorcycle you have and your riding habits. We found that Nationwide has the cheapest motorcycle insurance rates on average, while Markel is an ideal choice for collectors because it covers more types of motorcycles than many other insurers.Young riders will find Geico's payment plans helpful, and veterans can take advantage of discounts and great customer service at USAA.

Can I bundle my motorcycle and car insurance?

Yes, you can bundle your motorcycle and car insurance. In fact, most insurers offer a multi-policy discount of 5% to 10% for bundling your auto and motorcycle insurance.

Methodology

We analyzed thousands of quotes from six major insurers to determine the average cost of motorcycle insurance by state.

To discover the effect of driver age on motorcycle insurance rates, we compiled quotes from Progressive for a male rider living in Los Angeles with a clean driving record who 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 premiums for different types of motorcycles, we gathered quotes from Progressive for a 50-year-old single male rider with no accidents or traffic violations, 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.

Crash statistics were gathered from the Government Accountability Office (GAO). Injury statistics were provided by the National Highway Traffic Safety Administration. Theft statistics were obtained through the National Insurance Crime Bureau.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.