What Is the Average Motorcycle Insurance Cost for an 18-Year-Old Guy?

Written by James Hirby and Fact Checked by The Law Dictionary Staff  

As more and more Americans discover the cost-saving benefits of gas-sipping motorcycles, finding good deals on motorcycle insurance is becoming increasingly important. If you're thinking about purchasing your first motorcycle but worry about the cost of insuring it, you'll need to keep several things in mind. No matter what you learn during your initial investigation of the rates that you'll be asked to pay to insure your new bike, you must remember that the cost of such insurance can vary widely. If you have the time and resources to do so, you should gather quotes on a wide range of policy types from multiple different issuers. You might have to do a considerable amount of research in order to find a truly affordable motorcycle insurance policy.

If you're young and newly-licensed, you should expect to pay a substantial premium for your motorcycle insurance policy. The reason for this is simple: According to national statistics that have been carefully compiled over the course of several decades, younger riders are far more likely to be involved in serious car accidents than their older, more experienced peers. This is due to the natural inexperience that characterizes newly-licensed drivers as well as the impulsive tendencies of typical 18-year-old males. Although your insurer's natural wariness might serve to double the cost of your insurance during the first few years of your policy, you shouldn't take it personally.

There are several steps that you can take to minimize your motorcycle insurance costs without depriving yourself of adequate coverage. First, don't purchase collision or comprehensive insurance on your bike. If you purchased the vehicle with your own money, you're under no obligation to cover the cost of its repairs in the event of an accident. Unless their secondhand bikes are "classic" or remain relatively valuable, most used-bike riders eschew comprehensive and collision coverage. This move might save you $100 or more per month.

In addition, avoid speeding or breaking other traffic laws. Motorcycle insurance companies tend to penalize young riders for such offenses more harshly than their seasoned counterparts. If you're issued a traffic citation while riding your bike, you could face a premium increase of as much as $500 per year. In other words, you have a strong financial interest in being a safe, courteous rider. Depending upon the appraised value of your bike, you might be able to keep your total motorcycle insurance costs under $600 per year by following these simple guidelines.

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