Motorcycle insurance costs vary widely depending on factors such as location, type of motorcycle, coverage level, rider age, and riding history. Average Costs in the U.S.:
- The average motorcycle insurance cost is around $399 per year ($33 per month) according to ValuePenguin
- MarketWatch reports an average of about $552 per year ($46 per month)
- Progressive's data shows liability-only policies ranging from about $127 to $318 annually depending on the state, with some policies starting as low as $75 per year
- Business Insider states the average cost is higher, around $1,296 per year ($108 per month), with liability-only coverage at about $816 per year and full coverage around $1,776 per year
Coverage Types and Costs (UK example):
- Comprehensive coverage averages £405 per year (~$500), covering accidental damage, fire, theft, and third-party claims
- Third Party, Fire & Theft costs about 25% less (~£297/year) but excludes damage to your own bike
- Third Party Only, the minimum legal requirement, can be as low as £254/year but can vary widely depending on the bike and rider
Factors Influencing Cost:
- Type and value of motorcycle: More expensive or sport bikes cost more to insure
- Location: Insurance is more expensive in states or areas with higher theft, accident rates, or severe weather
- Rider profile: Younger or less experienced riders pay more; clean riding records and safety courses can reduce premiums
- Coverage level: Liability-only is cheapest; comprehensive coverage costs significantly more but offers broader protection
Examples of State Variation (U.S.):
- Low-cost states average about $147 per year for liability-only coverage
- High-cost states can average over $300 per year or more
- Monthly premiums range from about $18 in the cheapest states to over $250 in the most expensive
Summary:
Motorcycle insurance can cost anywhere from under $100 per year for minimal
liability coverage in low-cost areas to over $1,700 per year for full coverage
on high-value bikes in expensive states. The average U.S. rider might expect
to pay between $400 and $1,300 annually depending on their coverage needs and
circumstances. Comparing quotes from multiple insurers and adjusting coverage
and deductibles can help find the best rate for your situation
