What Is the Average Cost for Motorcycle Insurance | SmartGuy

What Is the Average Cost for Motorcycle Insurance

Insurance - Auto

The average cost for motorcycle insurance varies because of the factors used in calculating a policy.  Which motorcycle insurance providers you consider may affect the cost of the policy as can other factors such as the state that you live in and the place that you store your motorcycle.  Getting motorcycle insurance quotes can be a good way to see what prices are available.  Make sure that each of the quotes is for the same type of coverage so that you are comparing the same items.  If you have one quote that offers no passenger liability and others that do, then that quote without it is likely to be cheaper, but you are getting less coverage, so you pay for less coverage.

Taking a motorcycle safety course may help with getting some discount on a policy, but if the class is from several years ago, it may not count any longer.  If you speak with an agent, you could ask about the discount and if there is a time limit on how long ago you took the class.  If you have not taken one of these classes then investing in such a class might be a wise idea for the knowledge as well as the discounts.

An average cost for motorcycle insurance for someone in California is different from someone who has a policy in Massachusetts because each state has laws that dictate the minimum standard for insurance and they are all different.  Also, some states may regulate the cost of insurance and so the premiums may be lower in that state to begin with, but it isn't to do with the law per se.  You may call or go online for a quote and find that some motorcycle insurance providers do not offer coverage in some states.  This may be due to the regulation of insurance or a provider choice for another reason.

When getting motorcycle insurance quotes, having some information ready can make the process easier.  First, know what type of motorcycle you have and be ready to say whether it is your first bike or not.  Your age and driving record are important because the younger you are the less road experience you have and may be at a greater risk of an accident from that inexperience.  Your driving record comes into play because if you have multiple tickets from speeding or reckless driving, then you are perhaps a greater risk on your motorcycle, as well. 

What state you are in and where you are planning to drive and store your motorcycle are also factors in determining your rate.  Other factors like your credit score might play a part in the quote, as well.  A factor that can work to your advantage is if you have another policy for a house or car with the provider with which you are trying to insure your motorcycle.  This can be a good thing because you have some history with the agent and you could possibly take advantage of any bundling discounts that the provider offers. 

Determining the average cost for motorcycle insurance may be due to many factors. Some are in your control, like your driving record and credit score.  Some are not, like your age and the state that you live in at the moment.  State minimums mandate certain coverage by law.  An average  policy can run anywhere from twenty dollars to three hundred dollars per month, so doing your homework, looking for discounts and being a safe driver in your other vehicles can make a difference as to how much you will pay for your motorcycle insurance.