The average rates for drivers between 25 and 60 years old who choose the standard liability insurance for a motorcycle tour generally range from $100 to $500 annually.
That’s an enormous gap. It’s due to rates that vary between states, and the bike you ride and age plays a major role.
For example, a 16-24-year-old motorcyclist with complete coverage on a sports bike can expect to pay between $1,000 and $3000. It’s quite a leap!
Similar to all car insurance aspects like the age of your driver, driving history and where you live can affect the cost of your motorcycle insurance.
The rates can be higher in states with warmer temperatures because more people are riding their bikes and possibly getting into accidents and making claims.
States which experience colder temperatures that restrict motorcycle use to the hardest-core and more experienced riders will experience lower rates due to the fact that fewer people are riding for long periods of the season.
Younger drivers are paid more than drivers of older years regardless of their driving record is similar.
Like all rates for insurance, The state determines acceptable rates for what kinds of insurance costs. They are not negotiable.
Insurance companies can determine whether applicants are eligible for discounts or other factors that could reduce their rates.
It is important to note that insurers base their decision-making on various factors, including the length of time they have been a client and the driver’s prior claim and driving record.
In comparison to car insurance, motorcycle insurance costs are considerably cheaper – nearly half.