The cost of motorcycle insurance varies widely and depends on a number of factors.
Factors that influence the cost of motorcycle insurance
- Vehicle type, year, make, model and engine size (in cubic centimeters). As you’d expect, insurance for a newer sport bike with a large engine will cost more than insurance for a used cruiser with a small engine.
- How the vehicle is primarily used. Insurance for a bike that is primarily used for pleasure riding/recreation will be less expensive than it would be for a bike that is used primarily for your daily commute or business/deliveries.
- Modifications, conversions and customization. Has the vehicle been converted to a trike, modified, customized, rebuilt, salvaged or had the original frame replaced? If so, you’ll want to let your insurer know so that you are properly covered.
- Coverage options. Are you looking for a bare-bones, state-minimum liability policy or do you need a custom motorcycle insurance package that includes collision coverage, comprehensive coverage, uninsured or underinsured motorcycle coverage, Roadside Assistance and an OEM endorsement?
- Your age. Riders in different age groups pose different risks.
- Your location. Rates differ according to geography, as well as where the vehicle is kept (which is sometimes referred to as your garaging address). Also, you may be eligible for a discount if your vehicle is stored in a locked garage.
- Driving history. Have you had any accidents, violations or claims in the past 5 years?
- Policy limits and deductibles. What level of protection do you need? If limits are too high, you’ll be paying for insurance you don’t need; too low, and you’re at risk of covering the difference out of pocket in the event of an accident. You’ll also be at risk of paying more out of pocket if you choose a high deductible in return for a lower rate.
- Security and safety features and programs. A discount may be available if your vehicle has a professionally-installed radio or GPS theft-recovery system, or is equipped with a factory-installed anti-lock braking system (ABS). A discount may also be available if you take a safety course.
Motorcycle insurance discounts
In addition to affordable rates, Nationwide offers a number of motorcycle insurance discounts, such as a multi-vehicle discount, a multi-policy discount and a riding association discount. Find out which motorcycle insurance discounts you may be eligible for.
Getting a motorcycle insurance quote
The best way to figure out how much motorcycle insurance is going to cost you is to get a quote.
Thankfully, getting an online motorcycle insurance quote from Nationwide is easy. To get a quote, visit our motorcycle insurance page and enter your zip code to begin the process.