Motorcycle insurance typically costs more for new riders than those who are more experienced on the road. However, your premium depends a lot on your bike’s safety features, how much you ride and the amount of coverage you need. As a new rider, you may steer on the side of wide coverage, and nab discounts for defensive riding courses or getting a motorcycle license.
How do I compare motorcycle insurance for new riders?
Consider several situations when getting coverage while you’re learning your new ride.
- High liability limits. Because liability covers you for legal expenses, you might want a limit that covers the value of your personal assets. For example, $300,000 for bodily injury liability per accident might be plenty, as recommended for car drivers by the Insurance Information Institute.
- Bike value. When weighing protection for physical damage, consider the market value of your bike. Brand new rides need more coverage than a restored scrap bike.
- Personal injuries. Because you have less protection during an accident, ensure that you have medical coverage from health insurance or a motorcycle insurance add-on.
- Accessories and equipment. Custom equipment, mods, original parts and accessories like your helmet are all protected under separate coverage from your bike. Some insurers offer free accessories coverage.
- Passengers. Make sure you understand how your policy protects your family and friends before they hop on your bike.
How much is motorcycle insurance for new riders?
The average motorcycle premium is $518 per year. However, your premium may vary based on several factors that affect accident risk such as:
- Annual mileage
- Bike make, model and value
- Coverage amount
- Driving record
- Safety features
Does motorcycle insurance get cheaper the longer you ride?
Your motorcycle insurance premium can decrease as you get more experience, but it doesn’t always. Your premium is closely tied to your driving record and age. If your driving record stays clean, then you’ll probably see a lower premium.
However, you could see it go up with accidents on record, no matter how much experience you have.
Compare motorcycle insurance for new riders
What motorcycle insurance coverage do new riders need?
Most states require riders to carry insurance to ride legally, but wide coverage for new riders may be more of a necessity. Consider this coverage for the best protection.
- Bodily injury liability. Cover medical bills and court fees if other drivers or passengers get hurt when you’re at-fault for an accident. Required in most states.
- Collision. This add-on protects your ride from damage that you cause, paying to repair or replace your bike.
- Comprehensive. Cover your bike for accidents not involving other vehicle collisions — like weather damage, theft, vandalism or falling tree branches.
- Guest passenger liability. Help your passengers cover their medical bills if they get hurt in an accident you cause.
- Loan or lease gap. If you financed or leased your bike, you’re probably required to keep this coverage. Gap coverage pays the remainder of your loan or lease if your bike gets totaled and is worth less than you owe.
- Medical payments. Opt for this coverage to help with medical bills, including your health insurance copay and deductible.
- Property damage liability. Most states require this coverage. It pays for another person’s vehicle or personal property if you’ve caused the damage.
- Underinsured motorist. Be prepared for other drivers with less coverage than they may need to pay for the damage they caused. Some states require this coverage.
How to save on motorcycle insurance for new riders
No matter how green you are on the road, you can still have the street smarts to save money. Explore these savings options:
- Get a motorcycle endorsement. An additional credential on an existing license states you’re legally able to drive a motorcycle — and this could help you save.
- Add safety features. Deck out your ride with an antitheft device, antilock brakes or airbags for added safety and savings.
- Take a safety course. Prove that your safety habits go beyond years of experience with credentials from an approved motorcycle safety course.
- Get rewards for good grades. You could land a discount for keeping high grades as a student or reducing coverage while you’re away at college.
- Pay on time. Keep this solid financial practice, and you might get a quick and easy discount.
- Bundle with home and auto. Chances are that you or your parents have multiple insurance needs, and bundling them could help you save.
Case study: New rider
Shannon just received her motorcycle license to ride alongside her dad, David, who has ridden for five years with no accidents. David’s insurance premium is $405 per year, which reflects his 10% claims-free discount and choice to ride a used cruiser.
Shannon has a newer bike and a 5% discount for her B-average school grades, bringing her premium to $570. The father-daughter duo could save even more by bundling both motorcycles on the same policy.
What to watch out for
Just because you’re new on the streets doesn’t mean you have to fall for rookie mistakes. Take preventative measures to ward off these unwelcome situations:
- Theft. Bikes have a lower chance of recovery than cars, and you might not get the full replacement cost from insurance. Lock it up in a garage for safekeeping.
- Motorcycle laws. Every state has different bike insurance requirements — you want to fully understand yours to get the proper coverage.
- Motorcycle licensing. Some states require you to get a motorcycle license. But even if yours doesn’t, your insurer may offer a discount for getting one.
- Sport bikes. Sport bikes cost up to five times more to insure than cruisers, especially if you’re new to riding.
What type of motorcycle costs the least to insure?
Cruisers and standard bikes cost the least for insurance, although the exact costs vary by your bike’s make and model.
Every rider needs coverage, but compare wide bike coverage if you’re a new rider getting more experience under your belt.