#InsuranceRates

For an apples to apples comparison, the 18 year old would generally pay around 75% more than the 30 year old for the same bike. In reality, the difference would be greater if, for example, the 30 year old is married or is a homeowner and the 18 year old is not. In terms of the dollar amount this would generally translate to, it will depend on the age of the bike and the type and amount of coverage desired. On average, for a new Ninja ZX-10R ABS with full coverage, the difference in premium between the 18 year old and the 30 year old might come to around $500 a year, but so many other factors come into play, so this is just a rough estimate. Consulting with your local agent or current insurance provider is a great way to get the specific numbers for your situation.

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.

Unlike auto insurance laws, motorcycle insurance laws in many states do not require the carrier’s insurance to cover medical costs. Florida and Michigan, among others, have repealed their mandatory helmet laws, instead mandating riders to carry additional medical insurance – pushing premiums in those states to higher levels.

The insurance will always be rated on the motorcycle and the driver.  Once again your driving record will be considered in addition to the cycle type.  Electric motorcycles are typically just as reasonable to insure as a gas motorcycle.  Some manufacturers may be more readily accepted than others by insurers.

When purchasing what may well be your first street bike there are a number of considerations. Completing a Motorcycle Safety Course and obtaining a Motorcycle endorsement will gain discounts from many insurers, and give you basic skills that will carry you safely down the highways. The type of cycle you select will have the greatest effect on the price of your insurance. For instance a Sportbike may cost thousands of dollars a year to insure and a reasonable size Cruiser-style bike may only be hundreds. Keeping your cycle in an enclosed locked structure will earn a discount from some insurance companies.