The average cost of motorcycle insurance for an 18-year-old is $945 per year. Geico has the cheapest motorcycle insurance for riders 18 and under at $811 per year, but premiums can vary significantly by state.
In addition to location, your motorcycle rates depend on your coverage, driving record, and gender. While motorcycle insurance rates tend to be high for 18-year-old drivers, you can save money by comparing quotes, qualifying for certain discounts, and joining the parent’s policy.
how much does motorcycle insurance cost for 18 year olds?
While companies use age to determine motorcycle insurance rates, there are other factors responsible for the typical cost of motorcycle insurance, including where you live. Rates vary by nearly $900 per year between major US states. states.
Your gender can also slightly influence the price of motorcycle insurance. In general, insurers quote the same or almost the same figure for both sexes. The average price of motorcycle insurance for an 18-year-old male is $939 per year, only about $13 cheaper per year than coverage for an 18-year-old female.
Most companies quote similar motorcycle insurance rates for men and women, with a difference of only 1%. the largest gender gap comes from dairy farms, with a difference of $104 per year between 18-year-old men and women.
cheapest motorcycle insurance companies for 18 year olds
Based on our quote data for 18-year-old motorcyclists, the difference between the lowest and highest rates is $277 per year per year for men and $173 for men. year for women.
See also: Accident Insurance | Aflac
Many large motorcycle insurance companies make it easy to compare quotes directly through their websites. With companies like Progressive, Geico, and Allstate, you can often request a quote and shop for motorcycle insurance online in less than 10 minutes.
why is the average cost of motorcycle insurance for 18 year olds so high?
Statistically, younger bicyclists are more likely to be involved in accidents. insurance companies interpret this data to mean that 18-year-olds are among their riskiest clients, and higher risk means higher insurance cost.
Because young drivers are more likely to be in accidents, insurers increase the cost of their insurance until they gain more driving experience.
Insurance companies offering high rates to young motorcyclists are not exclusive to motorcycle insurance; It can also be difficult to find cheap car insurance for young motorcyclists. however, as passengers age, they are more likely to receive lower fares, provided they maintain a clean driving record.
The cost of insuring a car for an 18-year-old is considerably higher than a motorcycle, with minimum coverage averaging more than $2,000 per year. however, we do not recommend simply using a motorcycle instead of a car for financial reasons, as an accident has a higher chance of injury and high medical costs.
how to save on motorcycle insurance at 18 years old
While motorcycle insurance is often expensive for 18-year-olds, there are a few methods you can use to save money on motorcycle insurance. Some of the easiest ways to lower the price of your motorcycle insurance are to compare rates, take advantage of discounts, and purchase the policy through your parents.
ask for discounts
It is common for motorcycle insurance companies to offer discounts to drivers who are more experienced or to policyholders who renew their coverage, making these discounts impossible for 18-year-olds to obtain. however, young riders may qualify for many discounts, including:
combined coverage through your parents
If your parents have an existing auto insurance policy, consider asking them to purchase motorcycle insurance coverage with their current insurer. Joining a parent’s policy is cheaper for 18-year-old riders compared to the price of getting your own policy, especially if your parents may qualify for an insurance package discount.
how much does moped and scooter insurance cost for 18 year olds?
Insurance companies almost always cover mopeds and scooters under a motorcycle insurance policy. If you’re 18 and looking for moped or scooter insurance, your best bet is to get coverage through a company that sells motorcycle insurance.
We calculate our 18+ motorcycle insurance rates using addresses in Austin, San Jose, Augusta, Buffalo, and Pittsburgh by getting online quotes from major motorcycle companies:
To maintain consistency across listings, we sourced rates for a 2020 harley-davidson street 500 for men and women 18+. we insure this bike for:
We generally recommend getting more insurance than the state minimums to protect yourself and your property. Although it may be a good idea to carry comprehensive or collision protection in addition to the basic protection, adding this protection for an 18-year-old driver causes rates to increase dramatically.