How Much Does Motorcycle Insurance Cost?

Motorcycle insurance can cost anywhere from about one hundred dollars to over a thousand dollars per year. When the open road is calling, you may want to answer that call. But you’ll need motorcycle insurance first.

That added layer of protection is a must to safeguard you and your bike, but how much does motorcycle insurance cost? And what determines how much you’ll pay for it? Those are good questions. Let’s take a look at how insurance quotes are put together to cover you and your motorcycle.


How Is Motorcycle Insurance Calculated?

Knowing what variables go into determining your motorcycle insurance premium can help you understand how the quote is built. Similar to auto insurance, the coverage options you select for your motorcycle insurance can influence the amount you’ll pay in a monthly or annual premium. But other factors can be key players that impact the average cost of motorcycle coverage, too:

Your physical location. Riding conditions vary across the U.S. Since some areas and states have limited motorcycle season, like those that see snowy, cold winters, insurance can be less expensive. While riders in locations that are suitable for year-round riding may find higher premiums for insurance.

Your bike’s type, year, and model. You probably already know that the value of your motorcycle will effect the cost of your insurance. Coverage for a brand new, top-of-the-line model will cost more than an older, used motorcycle.

Motorcycle use. Are you riding your motorcycle recreationally or for commuting between work or school? If you are a recreational rider, you’ll want to let your agent know since rates are typically less for people who only use their bike occasionally. Your estimated annual miles is another variable that insurance some companies consider when building you a quote.

The year you were born. Your age, like your location, can factor into the cost of your motorcycle insurance. But as you’ll find in the discounts section, we have ways to help you save on your coverage regardless of your age.

Your riding and driving record. You’ll find your premium can be impacted by your driving history — the number of claims, accidents, tickets you’ve had in the past few years.

The way you’ve customized your ride. If you’ve modified your bike in a way that adds value, you’ll want to protect those upgrades with the right coverage. We can add coverage to help protect your bike and all the ways you’ve made it your own. From sports bikes to classic choppers, we’ve got you covered.

The type of coverage you choose. This is up to you, depending on whether you want the minimum coverage your state requires, or if you would like more protection — and peace of mind.

Your credit rating. When we build a quote, we’ll review your credit. A better credit score can translate into a lower rate.

What Additional Motorcycle Coverages are Available?

Finding extra protection for your savings and your ride is easy with American Family. We’ll help you find peace of mind with insurance that goes above and beyond.

Collision coverage. This coverage helps to keep your finances safe and it also protects you in many ways above your standard policy.

Comprehensive coverage. Protects your motorcycle from accidents that don’t involve other vehicles — like theft, vandalism and animal strikes.

Emergency roadside service. When your bike breaks down or if you just run out of gas, we’ll get a service technician out to help — or tow your bike if necessary. It’s inexpensive coverage that really can pay off when help can be hard to find.

Medical expense coverage. Get help paying for medical costs if you’re hurt while you’re out riding.

Uninsured motorist insurance. This protects you if you or anyone riding on your motorcycle is hurt in an accident that was caused by an uninsured vehicle or a hit-and-run driver.

Underinsured motorist coverage. This helps pay for the balance when another driver is at fault and doesn’t carry enough insurance.

How Can You Lower Your Motorcycle Insurance Rates?

There are a lot of different ways you can take advantage of American Family’s motorcycle insurance discounts to avoid higher rates. From safe biking courses to going paperless, take a look at many ways you could save.

  • Install anti-lock brakes
  • Sign up for safe riding classes
  • Pay your premium in full and receive a discount
  • Sign up for automatic payments
  • Leverage a multi-product discount
  • Take advantage of our continuous coverage discount
  • The more years you’ve been riding your cycle, the greater the discount you’ll receive

Other factors can play into the price of your motorcycle insurance premium, and the discounts you are eligible for. So, talk to your American Family Insurance agent to find the best plan for you and your bike. Then hit the open road and enjoy your ride!


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