The average motorcycle insurance cost in the United States is $519 per year. However, the exact annual rate depends on various factors, including the state you live in.
According to ValuePenguin.com
, the states with the cheapest motorcycle insurance rates are North Dakota ($283), Iowa ($323), Oklahoma ($341), New Hampshire ($352), and Wyoming ($354).
On the other hand, Louisiana ($896), Texas ($749), Michigan ($746), Delaware ($734), and Florida ($689) are among the states that offer the most expensive motorcycle insurance rates.
The motorcycle insurance price mostly depends on the crime rate
in the state and number of residents per bike
. For example, North Dakota
has one motorcycle for every 12 people
in the country, while Louisiana
has one motorbike per 67 people
– accordingly, we can see why there is such a difference in prices.
Other things that significantly impact the total motorcycle insurance cost are your driving experience and your age. The motorbike newbies usually pay more money for the policy than older drivers due to the lack of experience, and they seem more prone to accidents in the eyes of insurers.
For instance, 18-year-old motorist
s will pay about $2,628 for the annual plan
, while the 50-year-old drivers' policy
will cost $1,434
In addition to the mentioned factors, here are some other things that will determine the exact amount of money you'll pay for the annual premium: