Motorcycle Insurance Cost: 6 Factors That Will Determine How Much You Will Have To Pay

2011-02-17_2153Many people may find it surprising, but there is no easy answer to the question. “How much does motorcycle insurance cost.” Like anything else you are looking to insure, motorcycle insurance costs are dependent on many different things, some you have control over and some you don’t. Also, the decisions you make when purchasing a policy can have a huge impact on the cost of motorcycle insurance.

Average Motorcycle Insurance Costs

There are many things that can change what motorcycle insurance costs you, but before you look at what can influence the price it is always good to have a baseline idea. Typically, a person who is looking to purchase a motorcycle insurance policy should expect to spend anywhere from $150 per year to well over $500 a year. Of course like automobile insurance, these base policies do not provide collision, liability or comprehensive insurance coverage. These need to be purchased in addition to your liability coverage.

Things That Affect the Average Cost of Motorcycle Insurance

Now that you know what motorcycle insurance costs, let’s look a few things that can affect how much you are going to spend.

  • The type of bike you ride.

High-powered sport bikes are going to cost more to insure than others. Custom motorcycles and ones that have been modified will also cost more to insure.

  • Your driving history.

Tickets and collisions will drive your costs up when it comes to motorcycle insurance costs. If you want to keep your premiums low then ride safely.

  • Your age.

Insurance is all about risk and insurance companies feel that younger riders are greater risks than more mature, responsible riders.

  • The state you live in.

Motorcycle insurance requirements vary depending on where you live. If you live in an urban area, your average motorcycle insurance costs will likely be higher than in a rural area because there is greater potential risk of accidents or theft.

  • Your skill as a rider.

First-time motorcyclists have a higher average motorcycle insurance cost because they have less experience on the road.

  • Deductibles.

How much you are willing to pay out of pocket should you need to file a claim will definitely affect your premium. If you are willing to pay more out of pocket by going with a higher deductible then you will pay less when it comes to the cost of your premium. A lower deductible will, conversely, because the average cost of a policy to go up.

If you are serious about decreasing how much your motorcycle insurance costs then start by talking to your insurance company to see what kind of discounts you can get from them. Once you have this in hand, start asking about what other things you can do to save a bit of money. Often times, you can become an “experienced” rider after taking a rider safety course. You may also be able to fix negative marks on your driving record through safety courses as well.

Questions or Comments, you know what to do.

Jeff Orloff writes about Motorcycle Insurance ( and other insurance topics for the Consumer Media Network.

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