How Much Can I Save on My Insurance by Buying a Used Motorcycle Instead of a Brand New One?

The answer depends on several factors. For example, buying a used bike that’s say, five years old, would save you less than buying a bike that’s 10 years old. Also, the type of bike you’re interested in makes a difference: at Progressive, a five-year old sportbike can be more than 50% cheaper to insure than a new sportbike of the same model, whereas a five-year old cruiser will be more like 30-40% lower than the same model, brand new.

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