Best And Cheapest Motorcycle Insurance - Motorcycle insurance is required in most US states, but every rider can benefit from active coverage regardless of local requirements. We've collected thousands of quotes from all over the country to find out how much it costs to protect your bike, your health and your financial well-being.
We checked motorcycle insurance rates in all 50 states and found that the average cost of motorcycle insurance rates in the United States is $721 for a full year of coverage. Since the cost of coverage varies depending on your location, it helps to get more than one quote to find the best price.
Best And Cheapest Motorcycle Insurance
In the table below, you can see the average cost of motorcycle insurance per month in your state.
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We collected rates from up to six major motorcycle insurance companies in each state, based on a sample of 45-year-old male riders. The coverage limits we ask for in our quotes include:
The five states with the cheapest motorcycle insurance prices all have rates at least 36 percent below the US average. All the states with the cheapest prices are in the Midwest and Great Plains.
Unlike the cheapest states, the most expensive states for motorcycle insurance have no clear geographic correlation. However, they have more populations and warmer, longer riding seasons.
Paying for your motorcycle insurance in 12-month installments is usually more expensive than paying for a one-year policy. Full payment discounts are common with leading insurers such as Progressive, Allstate and Nationwide. If you live in a state where coverage is expensive or want a lower overall rate, consider paying for six to 12 months of motorcycle insurance at once instead of paying monthly.
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Motorcycle insurance providers usually charge higher premiums to young drivers who are more likely to be involved in an accident.
In addition to the city you live in, the amount of coverage you purchase, and your driving history, motorcycle insurance companies also calculate the cost of your coverage based on your age and years of riding experience. .
All annual citations from Progressive are collected for a male rider living in Los Angeles who has a clean driving record with a driver's license since age 16 and has been riding a motorcycle for 10 years or since on his 16th birthday. Less for 2019 motorcycle models.
However, as long as you are not involved in any accidents, your premium should decrease with experience. For example, 18-year-old riders usually charge more for insurance than 21-year-olds, while 21-year-olds are usually more expensive than middle-aged riders.
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Insurance companies use all the safety and risk information available to them when setting your rates, so the type of motorcycle you ride has a big impact on your premium. In particular, insurers consider:
Sport and supersport bikes (also called road bikes) are often more expensive to insure than other bikes because they tick so many boxes. It is relatively expensive, breaks down frequently, and is a high target for theft.
We compiled average motorcycle insurance rates and found that sport bikes are 257 percent more expensive than cruiser bikes, despite Kelley Blue Book's average value being only 169 percent higher. Similarly, touring bikes are 33% cheaper to insure than sports bikes, while the average cost is higher.
Below are the average insurance costs for cruisers, touring motorcycles, street bikes and scooters, showing the average increase in motorcycle insurance costs.
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Average annual motorcycle insurance quotes from Progressive were collected for a 50-year-old single rider with no accidents or traffic violations, living in Los Angeles. He has had a driver's license since he was 16 and has been riding a motorcycle for 10 years.
In 2010, the Government Accountability Office (GAO) estimated that direct damages from motorcycle accidents in the United States amounted to $16 billion. This estimate includes direct costs such as emergency services, property damage and medical costs including rehabilitation. It also causes things like lost wages, household productivity and legal defense costs of debt claims.
According to the most recent data available, the number of motorcycle injuries each year has decreased from 104,000 in 2016 to 84,000 in 2019. However, the cost of medical care has increased. Considering these factors, it is likely that a new study would result in higher direct loss costs.
Motorcycles are more likely to be stolen than cars and trucks because of their smaller size and weight. Thieves often load the bike into a van, which reduces damage to the motorcycle and the likelihood of being caught in the act.
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According to calculations by the National Insurance Crime Bureau, the reported incidents of motorcycle theft in the United States between 2018 and 2019 decreased by 2 percent to 40,830. Since 2006, motorcycle thefts have dropped 39 percent from 66,774.
The five states with the most stolen motorcycles in 2019 accounted for more than 42 percent of all stolen bikes in the United States.
Like car insurance, motorcycle insurance covers your financial responsibility in the event of an accident. Full motorcycle insurance coverage can also include comprehensive and collision coverage, which pays for damage to your bike in an accident or for other reasons such as theft. Some motorcycle insurers also offer additional services such as roadside assistance and trip cancellation cover.
The three main factors that affect how much motorcycle insurance costs are who you are, where you live, and what type of motorcycle you own. Younger, less experienced riders or those who have recently been in an accident pay more than riders with years of accident-free riding experience. If you live in an area where motorcycle theft is common, your bill will likely be higher. And a powerful sportbike is more expensive to insure than a fuel-efficient cruiser.
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In most states, the answer is yes. The amount of coverage you must purchase varies by state, and some states require personal injury protection while others do not. Some states allow residents to legally ride motorcycles without insurance or proof of financial responsibility. However, we recommend protecting yourself with an insurance policy.
The best motorcycle insurance policy depends on your specific needs, such as the type of motorcycle and your driving habits. Nationwide has the cheapest motorcycle insurance rates on average, while Markle is an ideal choice for collectors because it covers more types of motorcycles than many other insurers. Young riders will find Geico's payment plans helpful, and veterans can take advantage of USAA's discounts and great customer service.
Yes, you can bundle your motorcycle and car insurance. In fact, most insurers offer a multi-policy discount of between 5% and 10% on your car and motorcycle insurance packages.
We analyzed thousands of quotes from six major insurance companies to determine the average cost of motorcycle insurance by state.
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To examine the impact of driver age on motorcycle insurance premiums, Progressive collected quotes for a Los Angeles-based male rider with a clean driving record who received his driver's license at age who is 16 and has been riding motorcycles for a long time. 10 years or from his 16th birthday, whichever is shorter.
When comparing premiums for different types of motorcycle insurance, we collected quotes from Progressive for a 50-year-old male rider with no accidents or traffic violations living in Los Angeles. He has had a driver's license since he was 16 and has been riding a motorcycle for 10 years.
Falls statistics are collected from the Government Accountability Office (GAO). The number of casualties was provided by the National Highway Traffic Safety Administration. Theft statistics were obtained through the country's General Directorate of Insurance Crimes.
To get an insurance policy over the phone, call (855) 596-3655 Agents are available 24 hours a day, 7 days a week! Geico has the cheapest motorcycle insurance rates in New Hampshire, charging an average of $350 per year. That's 45 percent cheaper than the New Hampshire state average.
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We found that the average cost of motorcycle insurance in New Hampshire is $636 per year, or $53 per month.
Motorcycle insurance can help cover the financial costs of an accident, such as repairs and medical bills. We've got more than 100 quotes from New Hampshire towns to help you figure out which insurance is right for you.
We averaged the rates for the top five motorcycle insurance companies in New Hampshire and found that Geico has the cheapest rates overall. The state average is $636 per year for full coverage, but at just $350 per year, Geico's average annual rate is 45% cheaper than average.
We recommend Nationwide as the best choice for motorcycle insurance in New Hampshire. The insurer has the highest rating for customer service in New Hampshire, receiving about half the number of complaints typically expected for an insurer of its size.
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Additionally, Nationwide has the second cheapest rate in the state, charging an average of $426 per year. Customers can also take advantage of many discount opportunities to lower their prices. Available discounts are:
Another benefit of nationwide car insurance is its large number
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