Sport bikes, also known as “super sports cars” in the industry, are typically the most costly type of motorcycle to insure. Standard sports and dual sports are usually the least expensive, while cruises and tours fall somewhere in between.
Sport bikes
, such as 600cc and 1000cc racing replicas, are by far the most expensive. You'll have to pay a premium for bikes like the Yamaha R1 or the Honda CBR600RR due to their speed, crash risk, theft risk, and expensive repair costs.Naked bikes may have slightly lower insurance rates than sport bikes, likely because they don't have fairings that break if the bike is tipped over. Additionally, the smaller the engine, the lower the cost of insurance. When it comes to motorcycles, there are a few different factors that affect the total cost of insurance, regardless of your age, location, or driving history. The five states with the most affordable motorcycle insurance rates are North Dakota, Iowa, Wyoming, South Dakota and Nebraska. Some states allow you to legally ride a motorcycle without insurance or proof of financial responsibility.
If you live in a state with expensive coverage, it's even more important to compare quotes from several companies to find the cheapest rates for motorcycle insurance. The five most expensive states for motorcycle insurance are Florida, Michigan, Missouri, Louisiana and California. In addition to the city in which you live, the amount of coverage you buy and your driving history, motorcycle insurance companies also calculate the cost of coverage based on your age and years of driving experience. Motorcycle insurance companies tend to charge younger drivers higher rates because they are more likely to be involved in an accident. For example, 18-year-old drivers often pay more for motorcycle insurance than 21-year-olds do, while 21-year-olds tend to pay higher rates than middle-aged cyclists. When shopping for motorcycle insurance, it's important to compare quotes from multiple companies to find the best rate for your situation.
Be sure to consider all factors that may affect your premium such as age, location, type of bike and amount of coverage. As an expert in motorcycle insurance, I recommend researching different policies and comparing quotes from multiple companies before making a decision. This will help you find the best rate for your situation and ensure that you have adequate coverage.
