You did it. You went out and bought your dream bike. No more holding back. Throwing caution to the wind. The family was not in favor of it, but you do not care. You want to get back to enjoying life. You want to cruise around on joy rides as often as possible.

The thought of motorcycle insurance never crossed your mind…until you signed on the dotted line. Then you remembered that insurance is a must when on your motorcycle. So the search began.

You got a quote from the agent who does your car insurance, and a few others. But you do not know how much motorcycle insurance is actually supposed to cost. So it is time to do a little more research.

How Much is Motorcycle Insurance on Average?

If you are looking to figure out a normal price for motorcycle insurance before buying a policy, then we are here to help. We dove deeper and researched how much motorcycle insurance costs and what factors ultimately determine your premium.

It is not easy to determine the average cost for motorcycle insurance. There is no true “average” cost for these types of policies. There are simply too many factors at play to give you one set number. However, we can tell you two things for certain:

 

• You MUST get motorcycle insurance before you crank up your bad boy and hit the road.

• Most people spend an average of $100–800 a year on motorcycle insurance. While this is a wide range, it will help give you an idea of what to pay for your policy.

 

Factors That Determine Costs

The wide range of costs regarding motorcycle insurance is due to a variety of factors, including:

 

• Liability or Full Coverage

 

If you get only liability coverage for your motorcycle, you could pay as little as $100 a year. Full coverage can cost over $1,000 per year. This seems to be the biggest factor when determining cost.

 

• Age

 

The rider’s age plays a huge role in determining the cost. An older man with a great driving record will always have a lower premium than an 18-year-old on his first bike.

 

• Type of Bike

 

Sure, age plays a huge role, but so does the type of motorcycle. Crotch-rocket sport motorcycles tend to have much higher insurance rates than cruiser bikes. This is because people who buy these motorcycles often ride them fast and furiously.

 

• Your State

 

Every state handles motorcycle insurance differently. Some require certain forms, while others do not. Pricing is also highly variable from state to state. While this factor will not be as pronounced as some of the others, it still plays a role.

 

• Storage Capabilities

 

If you keep your bike in a garage, then it will be cheaper to insure. Leaving the bike on the street increases the likelihood it may be stolen or damaged while not in use. Motorcycle insurance premiums reflect this fact.

Motorcycle Insurance & You

Ultimately, the only way to find the true average cost of motorcycle insurance in your state is to get quotes and compare policies. Every policy will be different, as every rider has a different situation.