{"id":12563,"date":"2024-02-14T12:52:00","date_gmt":"2024-02-14T19:52:00","guid":{"rendered":"https:\/\/www.neighbor.com\/storage-blog\/?p=12563"},"modified":"2024-02-13T14:53:34","modified_gmt":"2024-02-13T21:53:34","slug":"how-much-is-motorcycle-insurance","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/how-much-is-motorcycle-insurance\/","title":{"rendered":"How Much Is Motorcycle Insurance?"},"content":{"rendered":"\n

Motorcycle insurance is a must. Motorcycle coverage will protect you, your motorcycle, and other drivers on the road. However, when purchasing a motorcycle, it’s a good idea to understand the cost factors involved and whether or not you are getting a good deal on your motorcycle insurance.<\/em><\/strong> <\/p>\n\n\n\n

In this article, we’ll fill you in on the a) average cost of motorcycle insurance<\/strong>, b) how you can save some money<\/strong>, and c) the importance of proper coverage<\/strong>. <\/p>\n\n\n\n

Exploring the Average Motorcycle Insurance Cost<\/strong><\/h2>\n\n\n\n

Motorcycle insurance costs vary as much as the costs of the motorcycles<\/a> do. On average, riders may find themselves paying anywhere from $25 to $200 per month<\/strong>, depending on the specific features and options they choose. <\/em><\/p>\n\n\n\n

The national average is $33 per month. <\/strong><\/p>\n\n\n\n

When we break that down further, we find that liability-only motorcycle insurance coverage, also known as liability coverage, costs around $141 annually.<\/em><\/strong> Opting for full coverage? That’s going to bump up the annual cost to $364 on average.<\/em><\/strong> Of course, these averages offer just a baseline, with personal motorcycle insurance rates ranging widely depending on a host of factors.<\/p>\n\n\n\n

Factor<\/strong><\/td>Impact on Cost<\/strong><\/td><\/tr>
Average Monthly Cost<\/strong><\/td>$25 to $200<\/td><\/tr>
Nationwide Average<\/strong><\/td>$33 per month<\/td><\/tr>
Liability Coverage<\/strong><\/td>$141 annually<\/td><\/tr>
Full Coverage<\/strong><\/td>$364 annually<\/td><\/tr>
Most Expensive States<\/strong><\/td>Kentucky, Florida, Arizona, Mississippi, Texas (up to $69 per month)<\/td><\/tr>
Least Expensive States<\/td>North Dakota, Iowa, South Dakota, Maine, Massachusetts (as low as $18 per month)<\/td><\/tr>
Factors Affecting Cost<\/strong><\/td>Age, experience, bike type, location, riding history, coverage options, deductibles, population density, crime rates, traffic conditions, weather, & claims history.<\/em><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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