Generally speaking, motorcycle insurance is cheaper than car insurance. There are exceptions, though. Depending on the state that you live in and the value of the bike you ride, you could end up paying more for insurance than you would on a car.
Motorcycles are a fun way to get around, but they’re also riskier to drive than cars. Having the right insurance coverage where you need it the most can make all the difference.
That’s why trusted insurance broker
and comparison shopping app Jerry
has compiled everything you need about the cost of insuring a motorcycle, as well as how to find the best cheap insurance
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How much does it cost to insure a motorcycle?
On average, motorcycle insurance
costs less than half of what car insurance costs. And by using the free Jerry
app to compare companies and find the cheapest premiums, you’ll always be getting the best rate. As a licensed broker
, Jerry compares plans from over 55 insurance companies in just a few seconds, so you know you're getting the best price for the coverage you need. Average motorcycle and car insurance costs per year
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Why do motorcycles cost less to insure than cars?
There are a few key reasons that motorcycles cost less to insure than cars.
They generally cost less to buy than cars
They are usually cheaper to fix and cheaper to replace, which tends to lower insurance costs
They are less likely to cause property damage in an accident
Insurance companies also take factors like safety ratings into account when setting their premiums. And while cars are generally considered safer to drive than motorcycles, even cars with top-safety ratings tend to cost more to insure.
MORE: Essential tips for motorcycle winter storage
Can motorcycle insurance cost more than car insurance?
A motorcycle can cost more than a car—especially if it is an expensive model.
The type of motorcycle you drive definitely impacts your insurance rate. If you own an expensive, rare, or vintage model, parts will be harder to find and it will be more costly to replace. The state you live in can also impact your insurance rates for a motorcycle.
Key Takeaway Since motorcycles are usually cheaper than cars, cost less to fix, and cause less property damage in an accident, insurance rates for them are typically at least 50% less than cars.
Don’t forget potential medical expenses
Motorcycles may be cheaper to insure than cars, but they are not safer to drive. Stats released by the National Highway Traffic Safety Administration (NHTSA)
suggest that motorcyclists are up to five times more likely to get injured than other drivers. If you drive a motorcycle, having additional coverage for medical expenses is always a good idea.
If you live in a no-fault state, you may not be required to carry medical payment coverage
or PIP coverage
. This means you could be on the hook for medical expenses if you get into an accident. RECOMMENDEDNo spam or unwanted phone calls · No long forms
FAQs
Are motorcycles cheaper than cars?
For the most part, buying, owning, and maintaining a motorcycle is far cheaper. It depends on what exactly you're after, but it's possible to buy a motorbike for just a few thousand dollars. However, there are some catches. For a bike, you'll need to buy gear such as a helmet, leathers, and boots—which you'd have to pay for up front. Motorcycles also sometimes need servicing more often.
Is classic motorcycle insurance cheaper than normal motorcycle insurance?
Yes, older bikes tend to be cheaper to insure than newer ones. Since classic bikes typically require more care, and aren't used every day, insurers won't charge you as much—the same goes for classic car insurance.
How to get the best rates on motorcycle insurance
If you don’t want to be paying more for your motorcycle insurance than you have to, consider the free insurance comparison shopping app Jerry
your new best friend. It’s this simple: download the Jerry app and answer a handful of questions. In less than 45 seconds, Jerry collects all of your information from your existing insurer. You’ll choose from competitive quotes from up to 50 top insurance companies and Jerry takes care of everything else—from securing your new policy and canceling your old one.
The average Jerry user saves $879 a year on car insurance.
"Stop, this is what you’ve been looking for! This app/service is fantastic! They streamline the process of getting auto insurance so well. I just put in how much coverage I needed, and Jerry handled finding the cheapest policy, signing me up for it, and removing me from my parent’s policy. I can’t recommend this app enough. Jerry gave me the confidence to take this additional step towards independence. Thanks, Jerry!" — Satisfied Jerry User
Saved $725 annually
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