According to a recent study, the average cost of motorcycle insurance by state, company, and age. For example, the average cost of motorcycle insurance in California for a 25–year–old rider with a clean driving record from State Farm is $543 per year.
However, the same rider would pay $1,258 per year for coverage from Progressive, an increase of 132%. Age is one of the most important factors in determining the cost of motorcycle insurance. In general, younger riders are considered to be at higher risk and thus pay higher rates.
There are some companies that offer discounts to riders who take a motorcycle safety course. The type of motorcycle you ride can also impact your insurance rates. Sport bikes are typically more expensive to insure than cruisers or touring bikes.
This is because sports bikes are more likely to be involved in an accident. Finally, where you live also plays a role in the cost of your motorcycle insurance. States with a higher population density tend to have higher rates, as there are more bikes on the road and more chances for an accident to occur.
Average cost of motorcycle insurance:
The average cost of motorcycle insurance by state, and company. And age is a very important topic for all motorcycle riders. No matter what state you live in, what company you ride with, or how old you are, motorcycle insurance is a necessity.
In this article, we will break down the average cost of motorcycle insurance by state, company, and age so that you can be prepared for what you might expect to pay. On average, motorcycle insurance costs about $1,200 per year.
However, this number can vary greatly depending on a number of factors. For example, the state in which you live will have a big impact on your motorcycle insurance rates. Riders in Florida, for example, can expect to pay about $2,100 per year for their motorcycle insurance, while riders in California will only pay about $1,400 per year.
Your chosen motorcycle insurance company will also affect your rates. Some companies, such as Progressive, will offer discounts of up to 20% for riders. Those who have taken a motorcycle safety course. Other companies, such as Geico, will offer discounts of up to 15% for riders who have multiple motorcycles insured with them.
Finally, your age will also affect the cost of your motorcycle insurance. Riders under the age of 25 can expect to pay about $3,000 per year for their motorcycle insurance. And riders over the age of 25 will only pay about $1,700 per year. So, there you have it: the average cost of motorcycle insurance by state, company, and age.
No matter where you live or what company you ride with, be sure to shop around and compare rates before you purchase your policy.
What determines the cost of motorcycle insurance?
The cost of motorcycle insurance is determined by a number of factors, including the rider‘s age, driving record, the type of motorcycle ridden, and the amount of coverage desired. Riders who are considered high–risk, such as those with multiple accidents or traffic violations, will pay more for insurance than those with clean records.
The type of motorcycle ridden is also a factor, with sport bikes typically costing more to insure than cruisers or touring bikes. The amount of coverage desired is another factor that affects the cost of motorcycle insurance, with riders who opt for comprehensive and collision coverage paying more than those who only carry liability insurance.
From what we can tell, the cost of motorcycle insurance is determined by a variety of factors. Besides, including the type of bike, the rider‘s age. And experience, the rider‘s location, and the rider‘s driving history. In addition, the insurance company‘s assessment of the risk involved in insuring a particular rider will also play a role in setting the premium.