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Average Cost of Motorcycle Insurance – State-by-State

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Generally, taking an insurance policy is something some people often consider somewhat of a habit. For others, it is a burden. The latter group often comprises those who think their property or asset has an insignificant value to be insured. 

Motorcycle Insurance in the United States vaires. However, the average cost of Motorcycle Insurance is $700 a year. Many owners of motorcycles often fall into this category. Some get discouraged and consider it unnecessary and outrageous, the cost of insuring a motorbike. Hence, there’s no motivation to even purchase one.   

Thanks to local laws in most states in the US that require owners of vehicles to purchase insurance policies that will secure their motorcycles or bikes in case of loss or damage.  

In addition, several life-changing events could trigger you to contact your insurance agency or company rep.

Here is the first rule of thumb: Whether you own a bike as an individual or wholesale as a small business owner, you should try to insure your vehicles. 

Depending on the state, there are variations in terms of the cost it requires to purchase an insurance policy on motorcycles.  Regardless of that, the benefits of purchasing bike insurance far outweigh the consequences of not insuring. 

How Much Does Motorcycle Insurance Cost?

There are several factors to consider to determine how much you have to budget to purchase an auto insurance or make an insurance claim.  

Insurance Costs in the United States:

State Monthly Motorcycle Insurance RateAnnual Insurance RateRankVS. US Average
Alabama $64 $762 35 8.67%
Alaska $45 $540 11 -23.05%
Arizona $78 $935 46 33.27%
Arkansas $64 $766 37 9.13%
California $113 $1,360 50 93.92%
Colorado $50 $602 16 -14.15%
Connecticut $56 $668 24 -4.73%
Delaware $62 $742 33 5.78%
Florida $76 $911 44 29.86%
Georgia $74 $883 42 25.86%
Hawaii $45 $540 12 -22.98%
Idaho $62 $739 32 5.40%
Illinois $56 $677 26 -3.52%
Indiana $50 $606 17 -13.67%
Iowa $34 $414 2 -41.01%
Kansas $43 $516 9 -26.42%
Kentucky $60 $716 30 2.02%
Louisiana $98 $1,175 49 67.55%
Maine $41 $492 6 -29.87%
Maryland $67 $801 40 14.12%
Massachusetts $54 $649 20 -7.52%
Michigan $90 $1,083 48 54.35%
Minnesota $49 $592 14 -15.58%
Mississippi $56 $677 25 -3.53%
Missouri $78 $934 45 33.11%
Montana $44 $532 10 24.14%
Nebraska $39 $469 4 -33.09%
Nevada $54 $644 19 -8.26%
New Hampshire $50 $601 15 -14.30%
New Jersey $51 $610 18 -13.09%
New Mexico $63 $752 34 7.23%
New York $81 $969 47 38.07%
North Carolina $64 $763 36 8.71%
North Dakota $32 $382 1 -45.56%
Ohio $48 $575 13 -18.03%
Oklahoma $59 $708 29 0.97%
Oregon $54 $652 21 -7.01%
Pennsylvania $55 $661 23 -5.79%
Rhode Island $74 $889 43 26.75%
South Carolina $65 $781 38 11.36%
South Dakota $39 $472 5 -32.67%
Tennessee $68 $820 41 16.83%
Texas $60 $723 31 3.01%
Utah $66 $794 39 13.22%
Vermont $43 $515 8 -26.59%
Virginia $59 $703 28 0.25%
Washington $57 $688 27 -2.00%
West Virginia $54 $653 22 -6.91%
Wisconsin $42 $501 7 -28.58%
Wyoming $37 $439 3 -37.39%

Where Do You Live?

One straightforward answer is that the cost of living in the state you live in is a determinant of how much you pay to purchase auto insurance. There are lower-cost states, and there’re higher-cost states. On average, you should expect to part with $750 annually. 

What’s more, if you live in high-brow states like California, Florida, or Arizona, auto insurance costs $1,360, $911, $935, respectively. Mid-brow states like Alabama, Indiana, Illinois, Colorado, and Connecticut charge $762, $606, $677, $602, and $668 respectively. 

How Do You Want To Pay?

Another important factor to consider is the payment method. Do you want to purchase your insurance in a monthly installment, or are you considering an annual insurance policy? Besides, how often do you want to review the policy: monthly, annually, quarterly, every three years, or every five years?

For riders living in higher-cost states, it is better to buy auto insurance on a six to 12-month package. Essentially, if you’re looking at getting cheaper rates on your motorcycle insurance, then you’ll be able to save some money if you consider one-time annual payment coverage instead of adopting the monthly payment option.

Because you cannot possibly compete with top insurers like Progressive or Nationwide, then making insurance payment for motorcycle monthly is a NO. It’s better to pay in full, that is, the year coverage. In addition, the pay-in-full system comes with a discount.

How Much Coverage Are You Buying For a Single Milestone?

Apart from the city you live in or the policy option, purchasing a long-term motorcycle insurance policy also comes with a lot of benefits. Here’s the thing: if you buy for a year, you don’t get equal benefits a rider who purchases, say, a five or ten-year insurance coverage. In sum, the amount of coverage you purchase plays a great role in determining how much it’ll cost to purchase motorcycle insurance. 

What is Your Age or Driving History?

This is an important factor to remember. The truth is that insurance agencies and companies estimate the cost of coverage based on your age and years of experience as a rider. 

Where a 57-year-old rider is paying something in the region of $1,425 annually, a newbie in his early 20s may be asked to pay double, maybe $2,628 per year. Still on the same line, a 35-year-old bike enthusiast who wants auto insurance may pay $1,500. 

Here’s the thing: new riders, due to their lack of experience, are highly vulnerable to accident. Hence, insurance agencies offer higher quotes and charges.

What Type of Motorcycle Do You Ride?

This shouldn’t sound strange. It’s a common thing with the relationship between the insurers and the insured. You prefer a sports bike; some go for touring; others choose a cruiser.  Each of these motorcycles has differences in terms of cost, theft rate, crash rate, safety and value.

Insurance companies take into account all of these factors before calculating your insurance quotes. Essentially, the kind and model of your motorcycle will largely account for your premiums. 

What is The Value of Your Bike?

By motorcycle value, insurers are looking at the cost of purchase and repair of abike. Naturally, more expensive motorbikes require more money to repair in the event of an accident. If you choose to purchase comprehensive or collision insurance, be ready to pay more.

Does Your Bike Feature Safety Measures?

If your bike is built with a lot of safety features, then you’re highly likely to pay less. This is because there is a lower crash rate for bikes with anti-lock brakes than ones that have none of those safety features.

How Prone is Your Bike to Crash?

The vulnerability or otherwise of your vehicle to an accident has a long way to determine what your insurance quotes will look like. The more vulnerable your motorcycles are to crash, the more insurance costs you incur.

Is Your Bike Liable to Theft?

Well, it’s easy to say that every asset is liable to be stolen. But flashy, trendy and more expensive and valued motorcycles are more likely to catch the attention of stealers than old-school models. Hence, because owners of these bikes are likely to claim comprehensive insurance, they pay a premium.

Final Thoughts

These bits of information are important to keep your bike secure. Your insurance claims could be by motorcycle or by person. Some of the motorcycle claims by type include single vehicle, rear-end, intersection, stolen and recovered, and parked. For personal autos by type, the claims of objects coming from the road apply plus the motorcycle claims.

This research article will help you further understand what to expect when it comes to Motorcycle Insurance Costs by states in the United States, these numbers are not completely correct and will vary from quote to quote.

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