The Average Cost of Motorcycle Insurance by State, Company, & Age
Motorcycle insurance costs depend on several factors, including the type of motorcycle you own, where you live, your driving record, and your age. To help you determine what you can expect to pay in insurance premiums, we’ve analyzed data from reputable sources to determine the average motorcycle insurance cost by state, insurer, and rider age. Keep reading to learn how much it costs to insure your bike and how to get the best deal on motorcycle insurance for your ride!
How much does motorcycle insurance cost?
Buying motorcycle insurance can be a tricky thing. The cost of motorcycle insurers varies depending on what company you go with, your coverage type, what your age or gender is, your driving record, and your type of bike. On average, the cost of motorcycle insurance in the U.S. is $519 per year. But, costs can range from $400 to $500 depending on a number of factors, according to data from J.D. Power’s NADAguides. Let’s look at the cost of motorcycle insurance according to the different variants.
Average cost of motorcycle insurance by company
The cost of insuring a motorcycle can differ depending on your provider. In the table below, insuring a bike costs the least with Progressive and the most with Foremost. However, these rates can fluctuate based on your age, location, and other features. Make sure to investigate the reliability of each company and what each policy includes to get the most accurate comparison.
| Motorcycle insurance carrier | Average annual premium |
| Progressive | $515 |
| Safeco | $558 |
| National General | $597 |
| Nationwide | $700 |
| American Modern | $835 |
| Dairyland | $964 |
| Allstate | $1,028 |
| Foremost | $1,065 |
Source: Goosehead
Average cost of motorcycle insurance by state
In some states, you will pay more for motorcycle insurance than you would in some others due to state laws and winters.
The chart below is the average cost of motorcycle insurance in each state:
| State | Average motorcycle insurance annual premium |
| Alaska | $578 |
| Alabama | $369 |
| Arkansas | $523 |
| Arizona | $612 |
| California | $715 |
| Colorado | $474 |
| Connecticut | $742 |
| District of Columbia | $1,404 |
| Delaware | $586 |
| Florida | $531 |
| Georgia | $669 |
| Hawaii | $1,523 |
| Iowa | $470 |
| Idaho | $349 |
| Illinois | $371 |
| Indiana | $419 |
| Kansas | $419 |
| Kentucky | $581 |
| Louisiana | $512 |
| Massachusetts | $532 |
| Maryland | $363 |
| Michigan | $658 |
| Minnesota | $243 |
| Missouri | $428 |
| Mississippi | $520 |
| Montana | $502 |
| North Carolina | $464 |
| Nebraska | $365 |
| New Hampshire | $663 |
| New Jersey | $506 |
| New Mexico | $294 |
| Nevada | $856 |
| New York | $569 |
| Ohio | $390 |
| Oklahoma | $599 |
| Oregon | $345 |
| Pennsylvania | $371 |
| Rhode Island | $305 |
| South Carolina | $516 |
| South Dakota | $297 |
| Tennessee | $596 |
| Texas | $591 |
| Utah | $239 |
| Virginia | $1,076 |
| Washington | $367 |
| Wisconsin | $407 |
Source: Goosehead
Average cost of motorcycle insurance by age and motorcycle type
The average cost of motorcycle insurance varies depending on the rider’s age. younger riders tend to pay more for insurance, as they are considered to be a higher risk. Older riders usually pay less for insurance, as they are considered to be more experienced and less likely to be involved in an accident. The below chart shows the average cost of motorcycle insurance based on the rider’s age and the type of bike riden.
| Age | Yamaha V Star 250 | Kawasaki Ninja 400 | BMW R 1250 RT |
|---|---|---|---|
| Cruiser | Sport | Touring | |
| 16 | $2,576 | $4,002 | $5655 |
| 18 | $2,044 | $2,774 | $3,952 |
| 21 | $1,911 | $2,102 | $2,979 |
| 35 | $1,389 | $2,110 | $2,719 |
| 50 | $1,389 | $2,110 | $3,394 |
Source: Valuepenguin
Of course, these are just averages and your actual motorcycle insurance rates will vary depending on a number of factors, including your age, gender, location, riding history, and more.
How to save on motorcycle insurance
Motorcycle insurance is a necessary expense for all riders, but it doesn’t have to be a budget-breaker. There are a number of ways you can save on your motorcycle insurance premiums, from choosing the right bike to bundling your policies.
Here are a few tips to help you get the most coverage for your money:
1. Choose a bike that is inexpensive to insure. Sport bikes and cruisers are typically more expensive to insure than standard motorcycles.
2. Consider bundling your motorcycle insurance with your auto or home policy. Many insurers offer discounts for customers who bundle multiple policies.
3. Raise your deductible. A higher deductible will lower your premiums, but make sure you can afford to pay the deductible if you have an accident.
4. Take advantage of any discounts you may be eligible for. Some discounts are available for riders who are 65 years of age or older, have a disability, or are low-income. If you think you may be eligible for a discount, please contact your local transportation authority to see if you qualify.
Conclusion
When it comes to motorcycle insurance, rates can vary widely depending on a number of factors. Your state of residence, the insurance company you choose, and your age are all major factors that will affect your premium. That’s why it’s so important to do your research before you buy a policy. Insurance providers all use different methodologies to calculate rates, so it’s important to compare quotes from multiple companies before you make a decision.