Average Motorcycle Insurance Cost for a 21-Year-Old – ValuePenguin

The cheapest motorcycle insurance company we found, dairyland, offers an average rate of $41 per month. Your motorcycle insurance quotes are based primarily on your location, driving history, bike model, and coverage.

how much does motorcycle insurance cost for 21 year olds?

The average cost of motorcycle insurance for 21-year-olds is $634 per year, or about $53 per month.

The cost of motorcycle insurance for a 21-year-old will largely depend on where you live. for example, in pennsylvania the rates are 24% cheaper than in california.

Georgia’s average price is closest to the average cost of coverage for riders age 21, about $663 per year.

Gender can affect motorcycle insurance rates for 21-year-olds, but it’s not a major factor nationwide. It only costs 21-year-old female riders $6 more per year than male riders.

Depending on the state, the cost disparity can be greater: In Pennsylvania, motorcycle insurance costs 6% more for women than for men. california, new york and texas have the same rates regardless of gender.

the cheapest motorcycle insurance for 21-year-olds

On average, the company that offers the cheapest motorcycle insurance for 21-year-old drivers is dairyland. A full coverage dairyland policy costs $41 per month, or $494 per year, which is 22% cheaper than average.

Because rates vary by region, the only way to ensure you get the lowest rates in your area is to compare quotes from multiple companies.

for example, in texas, dairyland motorcycle quotes are 58% cheaper than the average cost for 21-year-olds in the state. however, in california, geico offers the lowest rates for 21-year-olds: a policy costs $135 per year less than the same coverage from dairyland.

how to save on motorcycle insurance rates at age 21

One of the best ways to save money on your motorcycle insurance is to compare quotes from multiple companies. Many large providers, such as Geico, Allstate, and Progressive, have online forms that allow you to receive a quote, adjust your coverage, and purchase a policy in minutes.

When you compare motorcycle insurance companies, you should also consider the discounts each provider offers. We’ve found that Allstate and Progressive tend to offer the most discounts from large providers, while Geico offers the fewest.

why is motorcycle insurance so cheap compared to car insurance?

Insuring a motorcycle costs about a quarter of what it costs to insure a car, costing an average of $2,977 per year for a 21-year-old driver. That’s mainly because claims are typically much lower for motorcyclists than car drivers.

The cost of bodily injury and property damage liability, which are the most commonly required motorcycle insurance coverages, is cheaper for motorcyclists than car owners because motorcyclists are less likely to cause damage substantial damage to other motorists and their property. this is mainly due to the fact that motorcycles are much smaller and lighter than cars.

methodology

We compiled motorcycle insurance quotes for 21-year-old men and women with a clean driving record who operate a 2020 Harley-Davidson Street 500 and have held a motorcycle license for five years.

rates are based on the following coverage limits:

quotes are from california, georgia, new york, pennsylvania and texas.