Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jan 3, 2021

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So, how much is motorcycle insurance? Here’s what you need to know: motorcycle insurance premiums, much like car insurance, can vary from driver to driver. Truth be told, there isn’t an insurance professional in the world that is capable of simply throwing a number at you.

You would likely hear something like, “We’d have to just quote it and see.” However, we can give you some pointers on how to make sure you’re getting the best deal no matter who you are or what kind of bike you ride. Believe us — learning more about motorcycle insurance is one of the most important insurance topics any biker can learn about.

Today, we’re taking a closer look at the most common factors that will impact just how much you’ll pay in insurance for your motorcycle.

But we aren’t stopping there. We’re also giving you the lowdown on some of the best money-saving tips to keep your motorcycle insurance premiums low and affordable.

Now is also a good time to begin saving money and shopping for the best rates. Get started by entering your ZIP code into our free car insurance comparison tool.

How much is motorcycle insurance?

Knowing how insurance rates are determined is a great starting point for achieving the lowest motorcycle insurance premiums. And when it’s all said and done, there’s much more to insurance coverage than whether you have two or four wheels.

Underwriters consider a variety of factors, ranging from your record to the type of vehicle you drive. But before we dig deeper into these factors, let’s take a closer look at costs.

How much is motorcycle insurance per month?

It’s obvious. You not only want to know how much is motorcycle insurance, but you also want to know how much it costs a month. Beyond that, we know you want to purchase affordable motorcycle insurance.

First thing’s first — motorcycle insurance costs the average rider about $700 a year.

But here’s the caveat: different bikers will pay different rates depending on where they live, their driving record, and more. However, we can help you get a better idea of what those rates might look like by comparing rates across several states.

First, let’s look at the states with some of the lowest, average monthly rates for motorcycle insurance. According to our research, the state with the lowest average monthly rate is North Dakota, at $32 a month.

Here’s a look at our top fifteen states with the lowest monthly motorcycle insurance rates in the country:

States with the Lowest Motorcycle Insurance Rates
StateAverage Monthly Rate
North Dakota$32
Iowa$34
Wyoming$37
South Dakota$39
Nebraska$39
Maine$41
Wisconsin$42
Kansas$43
Vermont$43
Montana$44
Hawaii$45
Alaska$45
Ohio$48
Minnesota$49
New Hampshire$50
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With the exception of Hawaii, we can see that many of the states with the lowest monthly motorcycle insurance rates have much colder climates. Among those states with average monthly rates in the thirty-dollar range? Iowa at $34, Wyoming at $37, Nebraska at $39, and South Dakota at $39.

Now, for a look at the states with the highest average monthly rates for motorcycle insurance. Our research shows that motorcycle riders in California have the highest average motorcycle insurance rates, at $113 a month.

Let’s see how some of the other states with higher rates stack up. Here’s our top fifteen:

States with the Highest Motorcycle Insurance Rates
StateAverage Monthly Rate
California$113
Louisiana$98
Michigan$90
New York$81
Arizona$78
Missouri$78
Florida$76
Rhode Island$74
Georgia$74
Tennessee$68
Maryland$67
Utah$66
South Carolina$65
Arkansas$64
North Carolina$64
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We can see that the only state with an average monthly rate in the hundred-dollar range is California. However, states like Louisiana and Michigan are not too far off, with monthly rates averaging $98 and $90, respectively.  Following these three states are New York at $81, and Arizona and Missouri, both averaging $78 a month.

Also of note? If you want to know how much motorcycle insurance is in Florida, look no further: the average rate in Florida is $76 a month.

How much is motorcycle insurance for an 18-year-old?

It’s reasonable to want to know how much motorcycle insurance costs for bikers of various ages. After all, the Insurance Information Institute (III) confirms that age is indeed a factor that could impact what you pay each month.

We did some digging and learned that according to the Motorcycle Legal Foundation, an 18-year-old will, on average, pay $998 a year – or about $83 a month – for motorcycle insurance.

The foundation goes on to report that that same 18-year-old living in Chicago will pay an average of $57.08 a month. In Los Angeles, $111.58 a month, and in New York, $87.50 a month.

We understand that you may be asking the same question for bikers of other ages. For instance, how much is motorcycle insurance for a 20-year-old? Or motorcycle insurance a 17-year-old?

Whether a motorcyclist is 17 or 20 years of age, we found that the ballpark estimate in insurance premiums is roughly a thousand a year, or $83 a month.

Who has the cheapest motorcycle insurance?

In many ways, this is a loaded question. After all, we can’t emphasize it enough: what motorcycle riders pay in their monthly rates will vary depending on a variety of factors (which we’re getting into soon).

But here’s what we can tell you: one company known for offering lower motorcycle insurance rates is Geico. In fact, by reading up on some of Geico’s auto insurance discounts, you can get a better idea of what breaks the insurer can offer to motorcyclists.

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How much is motorcycle insurance? What Impacts Your Rates

Having an idea of what some of the average rates for motorcycle insurance are throughout the nation only paints half of the picture. If you really want to answer the question, “How much is motorcycle insurance?” you need to also know what factors could cause your rates to skyrocket, or level out.

Ready? Let’s go.

How Good or Bad Credit Can Impact Motorcycle Insurance

Having good (or great) credit can be a huge factor in how much you pay.

Why? It’s simple: When determining your rates, insurance companies are looking at a number of risk factors. One is something called credit-based insurance scores. This is a number that factors in your credit history, late payments, and more. When it’s all said and done, this is the big takeaway:

Those with lower credit-based scores tend to have higher insurance rates, as insurers often associate these drivers with a higher likelihood of filing claims. On the flip side, those with higher credit-based scores tend to have lower rates.

In fact, insurers may discount a motorcycle insurance policy by as much as 35% based on credit history alone.

Something important to keep in mind? If you live in California, Hawaii, or Massachusetts, the use of credit-based scoring in determining insurance rates is not legal.

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Where You Live and the Cost of Motorcycle Insurance

The post office isn’t the only entity paying close attention to your ZIP code. When determining how much your motorcycle insurance will cost, insurance companies will also take a look at where you live.

The reasoning is cut and dry: motorcycle riders living ZIP codes with higher rates of crime (such as motorcycle theft) will likely pay higher rates. Alternately, if you live in a ZIP code with lower crime rates will pay lower rates.

Your Age, Your Gender, and Cheap Motorcycle Insurance

Age and gender are two more factors insurance companies look to when putting together your rates. As we all know, teenagers — especially 16-year-olds who are just learning to drive — are known to pay much higher rates due to inexperience, and higher levels of crashes.

When it comes to gender, insurers are known to charge men higher rates. That’s also due to a higher likelihood of accidents. Keep in mind that in some states, this is not legal.

Whether you like it or not, similar rules apply to bikers. If you want to know how much is motorcycle insurance, keep in mind that how old or how young you are, as well as your gender, will play a role.

Your Driving Record And Motorcycle Insurance Rates

Bikes are dangerous, but you know that…that’s part of the allure. So if bikes are inherently dangerous, there is nothing more obvious than higher premiums for bikers who have a track record of overdoing it.

Anytime you apply for insurance, companies are going to take a look at your past record. This includes your motor vehicle record, which will have any recent tickets and accidents listed.

If you have a lengthy report, this will give insurers a reason to think you’re a risk. And as long as they think you’re a risk who is more likely to get into accidents, they won’t hesitate to charge you higher rates.

You may be asking yourself, will my insurance go up if I file a claim? Depending on the scenario, it’s entirely possible. Having this knowledge will, without a doubt, help you better understand the “why” behind your rates.

Motorcycle Insurance Rates and the Type of Bike You Ride

Finally, the kind of motorcycle you ride may also be the difference between cheap motorcycle insurance, and costlier motorcycle insurance. In the same way, an older car might not cost as much to insure as a brand new BMW, an older bike will likely come with lower insurance premiums than a new one.

But it’s not just how new or how old your bike is. Motorcycles that are more powerful will likely cost much more to insure.

Your 500cc road bike is going to be less than half the cost to insure your 1500cc motorcycle…for the same driver. And since a 500cc bike is also much cheaper, you may be able to drop the physical damage coverage, which will significantly reduce the premium as well.

Motorcycle Insurance Coverages

Here’s the deal: having an understanding of what kind of coverage you need for your motorcycle is imperative. And we get it. Sifting through insurance lingo can be confusing, and frustrating. Thankfully, we’re breaking it all down below.

  • Liability insurance. If you know what liability car insurance coverage covers, then you have a good idea of what that means for your motorcycle. Liability insurance is what pays for damage done to another person’s property, or another’s injuries.
  • Collision insurance. This kind of coverage deals with damages done to your own bike if you’re involved in an accident.
  • Comprehensive coverage. This kind of insurance covers damaged one by more unpredictable events that are not accidents. This can include theft, vandalism, and certain weather-related events.
  • Underinsured or uninsured motorist coverage (UM/UIM). This comes into play if you are involved in an accident with a driver who either doesn’t have insurance or doesn’t have enough insurance.

You can get away without purchasing personal injury protection (PIP) or medical payments coverage if you have a comprehensive health insurance policy. This might save you as much as 25%-30% on your policy. But talk to your health insurance administrator to determine your benefits…don’t just drop the coverage!

Read more: PIP vs Med Pay

Ways to Save on Motorcycle Insurance

The good news? As long as you need motorcycle insurance, you can save money. We’ve come up with a list of potential savings that can help bikers drive down costs

Take a safety course. Some insurance companies will be happy to give you a discounted rate if you provide proof of taking a safety course. But what you’ll need to remember is this: not all safety courses count. It has to be approved by your insurer. So be sure to ask ahead of time to learn more.

Save by bundling policies. In the eyes of many insurance companies, more is better. So if you are able to hold multiple policies with one company – for instance, your bike and your car – you may get a discount.

Motorcycle clubs and organizations. Simply being a member of certain motorcycle groups and clubs could entitle you to a discount. Speak to an agent to learn more.

When it comes to discounts, every insurance provider is different. Never hesitate to reach out to see what discounts are offered, and what you can take advantage of.

How Much is Motorcycle Insurance? A Final Word

We’ve examined common factors that impact motorcycle insurance rates. We’ve also touched upon coverages. Now, it’s your turn.

As you begin to search rates and compare packages, don’t hesitate to consult with an independent insurance agent. Getting stuck with one motorcycle insurance quote typically means getting stuck with a higher premium than you deserve. Therefore, be sure to research — and wisely.

Begin your journey to the best motorcycle insurance rates and coverages. Start by entering your ZIP code into our free car insurance comparison tool now.