Dairyland emerged as the most budget-friendly motorcycle insurance provider we encountered, boasting an average monthly rate of $41.
Your motorcycle insurance quotes are predominantly influenced by your geographical location, driving record, motorcycle model, and selected coverage options.
What is the Price Tag on Motorcycle Insurance for 21-Year-Olds?
The typical expense of motorcycle insurance for individuals aged 21 amounts to $634 annually, translating to approximately $53 per month.
The cost of motorcycle insurance for a 21-year-old hinges significantly on their residency. For instance, in Pennsylvania, rates stand at a 24% markdown compared to those in California.
Visualization depicting the mean expenditures of motorcycle insurance for 21-year-olds across six distinct states
In Georgia, the average rate closely mirrors the overall cost of coverage for 21-year-old riders, hovering around $663 annually.
States with the Most Economical Motorcycle Insurance for 21-Year-Olds
| State | Average Monthly Rate |
|---|---|
| Pennsylvania | $46 |
| New York | $46 |
| Average | $53 |
| Georgia | $55 |
| Texas | $56 |
| California | $60 |
While gender may influence motorcycle insurance premiums for 21-year-olds, its impact isn’t particularly pronounced nationwide.
Female riders of this age group only incur an additional $6 in yearly expenses compared to their male counterparts.
However, depending on the state, the gender-based pricing disparity can be more pronounced.
In Pennsylvania, motorcycle insurance for women costs 6% more than it does for men. Conversely, California, New York, and Texas all maintain uniform rates regardless of gender.
The Most Economical Motorcycle Insurance for 21-Year-Olds
On average, Dairyland stands out as the insurer offering the most affordable motorcycle coverage for 21-year-old riders.
A comprehensive policy from Dairyland comes at $41 monthly or $494 annually, constituting a 22% reduction from the norm.
To save money on your motorcycle insurance, actively compare quotes from multiple companies.
Many large providers, including Geico, Allstate, and Progressive, offer online forms enabling you to obtain a quote, tailor your coverage, and buy a policy in minutes.
When evaluating motorcycle insurance companies, also assess the discounts they provide.
We’ve observed that Allstate and Progressive typically offer the most discounts among large providers, whereas Geico offers the fewest.
Each company typically offers various avenues to qualify for discounts, such as:
– Opting for electronic policy information and billing
– Enrolling in automatic bill payment or paying the policy in full
– Completing a motorcycle safety course
– Renewing a policy or transitioning from another insurer
– Bundling with your car, home, or renters insurance provider
Why is Motorcycle Insurance Comparatively Inexpensive Compared to car Insurance?
Insuring a motorcycle generally costs about one-fourth as much as insuring a car, which averages $2,977 annually for a 21-year-old driver.
This discrepancy is primarily because claims for motorcyclists are often much smaller than those for car drivers.
The expense of bodily injury and property damage liability, which are typically required motorcycle insurance coverages, is lower for motorcyclists than for car owners because bikers are less likely to cause significant damage to other motorists and their property.
This is largely due to motorcycles being smaller and lighter than cars.
Frequently Asked Questions
What is the average cost of motorcycle insurance for a 21-year-old?
A 21-year-old rider can anticipate paying an average of $53 per month or $634 per year for full-coverage motorcycle insurance.
Which company offers the cheapest motorcycle insurance for a 21-year-old?
Dairyland provides the most economical quotes for 21-year-old bikers, with an average policy cost of $41 per month or $494 per year.
How much does motorcycle insurance cost in Texas for a 21-year-old?
The average cost of motorcycle insurance in Texas for a 21-year-old rider is $56 per month or $672 per year.
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