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Motorcycle Insurance Quotes Comparison

May 2, 2021

Motorcycle-insurance-cost-21-year-old

Average cost for 21-year old male motorcycle insurance

We compared quotes from top insurers across the country and discovered that motorcycle insurance for 21-year-olds can cost as little as $381. However, we discovered that, depending on your position and insurance company, 21-year-olds could pay up to $900 more for motorcycle insurance.

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Motorcycle insurance companies base their rates on your driving history, the model of bike you're insuring, and the coverage limits you choose, in addition to your location. While your gender may have an impact on the cost of your motorcycle insurance, it is usually insignificant.

How Much Does 21-Year-Olds? Motorcycle Insurance Cost?

The cost of motorcycle insurance for a 21-year-old will be heavily influenced by where they live. Rates for motorcycle insurance are 42 percent lower in Chicago, the most affordable city we surveyed, than in Los Angeles. Motorcycle insurance in Los Angeles costs an average of $954 per year. New York's prices, on the other hand, are the most similar to the national average cost of coverage for 21-year-old riders — approximately $677 per year in the Big Apple.

Average Motorcycle Insurance Cost for 21-Year-Olds by City

Chicago	$551
New York	$677
Average	$714
Los Angeles	$954

Gender can affect motorcycle insurance rates for 21-year-olds, but the effect isn't significant at the national level. While we discovered that female riders pay slightly more for motorcycle insurance than young men, our 21-year-old female rider only pays $7 more per year than her male counterpart.

Rider profile	Progressive motorcycle insurance	Geico motorcycle insurance	Dairyland motorcycle insurance	Allstate motorcycle insurance	Nationwide motorcycle insurance	Average
21-year-old man	$796	$778	$892	$534	$381	$676
21-year-old woman	$796	$778	$928	$534	$381	$683
Annual difference in rates for men compared to women	0%	0%	-4%	0%	0%	-1%

The cost disparity can be greater depending on the city: In New York, female riders pay 4% more for motorcycle insurance than male riders. The difference in Chicago is less than 1%.

Motorcycle Insurance for 21-Year-Olds at the Lowest Price

Nationwide was the company that provided the cheapest motorcycle insurance to 21-year-old riders on average. However, the cheapest overall insurer may not have the most affordable policies in your city or may not provide service in your area. Because rates vary greatly by region, comparing quotes from multiple companies is the only way to ensure you get the best rates in your area.

Average Motorcycle Insurance Cost for 21-Year-Olds by Provider

Nationwide	$381
Allstate	$534
Geico	$778
Progressive	$796
Dairyland	$910

Nationwide's motorcycle quotes, for example, are the cheapest among the insurers we looked at in Chicago. In Chicago, the annual cost difference between Nationwide and the most expensive provider, Geico, is about $600. The average annual difference between the highest and lowest rates in all cities is $574.

How to Save Money on Motorcycle Insurance as a 21-Year-Old

Comparing companies is one of the best ways to save money on your motorcycle insurance premiums. Many large providers, such as Nationwide, Allstate, and Progressive, have online forms that allow you to get a quote, change your coverages, and buy a policy in minutes.

How are your rates determined? : When determining motorcycle insurance rates, insurance companies consider a variety of factors, including your age, where you live, and the type of bike you ride. Any detail that indicates a higher risk can cause your premiums to rise.

When comparing motorcycle insurance companies, you should also consider the range of discounts provided by each provider. Progressive offers the most discounts among large providers, while Geico offers the fewest. Typically, each company offers a variety of ways to qualify for a discount, such as:

• Making the decision to receive policy information and bills electronically.

• Paying your bills automatically or purchasing a full-fledged policy.

• Completing a motorcycle safety course.

• Renewing a policy or switching to a different provider

• Combining services with your auto insurance provider.

How the Coronavirus affects motorcycle insurance

Motorcycle riders, like car drivers, are taking fewer risks on the roads as the coronavirus spreads. While you must continue to maintain your coverage in order to ride legally, your provider may have issued shelter-in-place paybacks.

Depending on which motorcycle insurance company you purchase a policy from, a portion of your monthly premiums may be returned to you.

Why Is Motorcycle Insurance Less Expensive Than Car Insurance?

Getting motorcycle coverage is less expensive than insuring a car, which costs an average of $3,057 per year for a 21-year-old driver. In fact, it's about a quarter of the price. This is primarily due to the fact that claims for motorcyclists are frequently much lower than claims for car drivers.

Since you are less likely to do serious harm to other motorists and their property on a bike than in a vehicle, the personal accident and property damage liability portions of motorcycle insurance policies are less expensive for motorcyclists than for car owners. This is due to the fact that motorcycles are much smaller and lighter than automobiles.