A finance website called Value Penguin calculates that motorcycle insurance prices vary widely across the US.  In fact, one state’s motorcycle insurance is more than  93% more than the national average.

Coverages

The company collected rates from up to six major motorcycle insurance carriers in each state to arrive at their conclusions.  They then asked for quotes for coverage using a theoretical 45-year-old male rider and the following coverages:

  • Bodily injury protection: $100,000 per person/$300,000 per accident
  • Property damage coverage: $50,000
  • Comprehensive and collision deductible: $500

Ultimately, Value Penguin’s survey provides some interesting insights into U.S. motorcycle insurance costs.  It turns out that the average cost of motorcycle insurance (based on the aforementioned 45-year-old male) is $702.  But it’s the state-by-state variations in price that are quite interesting.

The five cheapest states

Probably not so surprising, many states with low population densities and shorter riding seasons make it into the list of the least expensive motorcycle insurance.  North Dakota leads the way for cheap insurance, with Iowa, Wyoming, Nebraska, and South Dakota making up the five least expensive motorcycle insurance states.  North Dakota’s average annual cost to insure a motorcycle is $382, which is more than 45% less than the national average.

This chart shows how each of the top five states ranks in price against the remaining U.S. states.

insurance

The five US states with the least expensive average insurance costs.

The five most expensive states

At the other end of the spectrum are the states with the highest average motorcycle insurance costs.  This time around, the costs are not as intuitive.  Not surprisingly, California’s motorcycle and traffic-dense state has the unfortunate honor of being the most expensive state in the U.S. to insure a motorcycle.  Coming in at $1,360 per year, its costs are nearly 94% more than the national average.

Rounding out the most expensive states to insure a motorcycle are Louisiana, Michigan, New York, and Arizona.

insurance

The five most expensive states in which to insure a motorcycle in the U.S.

Of course, many other factors play into the cost of motorcycle insurance.  Things like the rider’s age, driving record, and types of bikes ridden all influence how much you may be charged for motorcycle insurance.  But Value Penguin’s survey does give you a feel for which states may be more expensive in which to insure your bike.

All 50 states

Here’s the list of all 50 states and how they did against the national average:

Cost rank         State       Monthly rate        Annual rate        Diff. vs. national average

1.                     California              $113                         $1,360                                 93.92%
2.                    Louisiana               $98                         $1,175                                  67.55%
3.                    Michigan                $90                         $1,083                                  54.35%
4.                    New York               $81                          $969                                     38.07%
5.                    Arizona                   $78                          $935                                     33.27%
6.                    Missouri                 $78                          $934                                     33.11%
7.                    Florida                    $76                          $911                                      29.86%
8.                    Rhode Island        $74                           $889                                    26.75%
9.                    Georgia                  $74                           $883                                    25.86%
10.                  Tennessee             $68                           $820                                   16.83%
11.                  Maryland               $67                           $801                                    14.12%
12.                  Utah                       $66                           $794                                    13.22%
13.                  South Carolina     $65                           $781                                    11.36%
14.                  Arkansas               $64                           $766                                      9.13%
15.                  North Carolina    $64                           $763                                      8.71%
16.                  Alabama                $64                          $762                                      8.67%
17.                  New Mexico          $63                          $752                                      7.23%
18.                 Delaware               $62                           $742                                      5.78%
19.                 Idaho                      $62                           $739                                      5.40%
20.               Texas                      $60                            $723                                      3.01%
21.                Kentucky               $60                            $716                                       2.02%
22.               Oklahoma              $59                            $708                                      0.97%
23.               Virginia                  $59                            $703                                      0.25%
24.              Washington            $57                            $688                                    -2.00%
25.              Illinois                     $56                            $677                                     -3.52%
26.              Mississippi             $56                            $677                                     -3.53%
27.              Connecticut            $56                            $668                                    -4.73%
28.             Pennsylvania          $55                            $661                                     -5.79%
29.             West Virginia         $54                            $653                                     -6.91%
30.             Oregon                    $54                            $652                                     -7.01%
31.              Massachusetts       $54                            $649                                    -7.52%
32.             Nevada                    $54                            $644                                    -8.26%
33.             New Jersey             $51                            $610                                    -13.09%
34.             Indiana                    $50                           $606                                   -13.67%
35.             Colorado                 $50                           $602                                    -14.15%
36.             New Hampshire    $50                           $601                                    -14.30%
37.             Minnesota               $49                           $592                                   -15.58%
38.             Ohio                          $48                          $575                                   -18.03%
39.             Hawaii                      $45                          $540                                   -22.98%
40.            Alaska                       $45                           $540                                   -23.05%
41.             Montana                  $44                           $532                                   -24.14%
42.            Kansas                      $43                           $516                                    -26.42%
43.            Vermont                   $43                           $515                                    -26.59%
44            Wisconsin                 $42                           $501                                    -28.58%
45.           Maine                         $41                           $492                                    -29.87%
46.           South Dakota           $39                           $472                                    -32.67%
47.           Nebraska                   $39                           $469                                    -33.09%
48.          Wyoming                   $37                           $439                                     -37.39%
49.          Iowa                            $34                          $414                                      -41.01%
50.          North Dakota            $32                           $382                                     -45.56%

Age factor

If you are wondering how a rider’s age affects motorcycle insurance costs, it is quite substantial.  Insurance companies largely consider younger drives as higher-risk riders.   As such, they often charge significantly more to insure them.  Value Penguin’s survey looked at the effects of age on insurance premium by using a male rider living in Los Angeles with a clean driving record who has had his driver’s license since he was 16 and has been riding a motorcycle for 10 years or since his 16th birthday (whichever is shorter).

Their survey includes the costs for three different categories of bikes in varying displacements.  The three 2019 motorcycle models surveyed are:

  • Yamaha V Star 250 – Cruiser
  • Kawasaki Ninja 400 – Sport
  • BMW R 1250 RT – Touring

Cost of motorcycle insurance by rider age

Motorcycle
Type
18 year old
21 year old
35 year old
50 year old
Average $1,428 $1,365 $1,083 $1,083
2019 Yamaha V Star 250 Cruiser $987 $943 $753 $753
2019 Kawasaki Ninja 400 Sport $1,870 $1,787 $1,413 $1,413
2019 BMW R 1250 RT Touring $2,683 $2,572 $1,897 $1,897

In Value Penguin’s survey, an 18-year-old rider pays significantly more than a 50-year-old rider.  Not surprisingly, the larger the bike’s engine displacement, the higher the insurance cost.

Interestingly, as the motorcycle’s displacement increases, the “discount” for more “experienced” riders generally dwindles as a percentage of the overall cost.  Ultimately, three main factors influence how much you’ll pay for motorcycle insurance.  They are:

  • Who you are – male/female – age – good/poor driving record
  • Where you live – state and city
  • What category of motorcycle you have (e.g. Sport, Touring, Cruiser, Dirt) and engine displacement

So, for example, if you are a young rider or a rider with a history of traffic violations, living in California and riding a large displacement sportbike, you’re likely to see a costly motorcycle insurance premium.

At the other end of the spectrum, if you are a 50-year-old rider with no history of traffic violations, living in North Dakota, and ride a small displacement cruiser, you’ll likely see significantly lower insurance premiums.

Even with all of the information provided above, this survey is not scientifically based.  It can only give you an idea of how the location of the motorcycle and the rider’s age can affect the cost of a motorcycle’s insurance premium.  But it does give you some idea of how insurance companies think when they develop your annual motorcycle insurance premium.

How do your motorcycle insurance premiums compare to those listed above?  Let us know in the comments below.

 

 

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