How Much Is Motorcycle Insurance (2024)

Explore motorcycle insurance costs for various bike types, including standard, sports, and touring. Details cover both minimum and full coverage options.

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Average Annual Cost for Motorcycle Insurance by Type

Data as of February 23, 2024.
Source: MarketWatch

Minimum-Coverage Average Motorcycle Insurance Costs

For riders looking for the most affordable option, minimum-coverage insurance provides basic protection that meets state requirements but may not cover all costs associated with an accident. Here’s what you can expect to pay for different types of bikes:

  • Standard Bikes: These are the most economical to insure under minimum coverage, motorcycle insurance rates reaching about $91 per year or $8 per month. Standard bikes are typically lower in cost and have moderate performance, which makes them less of a risk in the eyes of insurers.
  • Sports Bikes: Due to their high performance and associated risk, sports bikes are more expensive to insure, even for minimum coverage. Expect to pay around $136 per year or $11 per month. The heightened risk comes from the higher speeds and the demographic attracted to these bikes, which statistically face more accidents.
  • Touring Bikes: Known for their comfort and long-distance capabilities, touring bikes have higher minimum coverage costs at $241 per year or $20 per month. This increase can be attributed to their high value and extensive equipment, which can be costly to repair or replace.

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Full-Coverage Motorcycle Insurance Rates

For complete protection that covers many types of incidents, full coverage is recommended, especially for costly or financed bikes. Here's what you can expect to pay for full coverage:

  • Standard Bikes: Full coverage jumps significantly for standard bikes, average motorcycle insurance cost is about $1,376 per year or $115 per month. This coverage is comprehensive, protecting against most on-road and off-road incidents, which justifies the higher price.
  • Sports Bikes: At the top of the insurance cost range are sports bikes, which can cost approximately $1,600 per year or $133 per month under full coverage. Their high-performance nature and the greater likelihood of theft make them the most expensive to insure.
  • Touring Bikes: Interestingly, touring bikes, despite their higher minimum coverage costs, are less expensive to insure under full coverage than sports bikes, at about $900 per year or $75 per month. This could be due to the lower accident rates and safer riding styles typically associated with touring enthusiasts.


The price of how much is motorcycle insurance depends on the type of bike and the level of coverage you choose. Standard bikes usually cost the least to insure, while sports bikes, due to their high performance and risk, are the most expensive. Touring bikes are in the middle price range. When picking motorcycle insurance, think about your bike's value, how you use it, and the common risks for your type of bike to find the best plan for you.

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