Motorcycle Insurance So High: 8 Factors (Explained)

The cost of motorcycle insurance is so high for many riders that it is now one of the main reasons they don’t buy a motorcycle.

The following are the factors that influence the overall cost of an insurance policy:

  • Driver’s age
  • Driver’s experience
  • Motorcycle CCs
  • Motorcycle’s age
  • Motorcycle’s value
  • Crime rate in the place you live.

You need to take a look at these components of the premium calculation if you want a rationale that is more reasonable.

Insurance premiums are determined by a number of different elements.

In the following paragraphs, I will break out exactly how each of these elements contributes to the overall cost of your insurance policy.

Why Is My Motorcycle Insurance So High?

1. Driver’s Age

The age of the driver is the first consideration. According to official data compiled by the government, the risk of an accident being caused by a young driver is substantially higher.

The percentage of motorcycle accidents that are caused by the age group of the driver follows a pattern that is almost perfectly linear. This is especially true for younger drivers.

Naturally, drivers between the ages of 16 and 20 have the highest accident rate since, in general, they are less cautious while driving. This accounts for the majority of the reason for this high rate.

They only have a few years of experience and have not yet learned how to drive defensively around other people because they only have a few years of experience.

When you go from one age group to the next, you will see a drop in the rates that you pay for insurance.

The age bracket of 20–30 years old has a slightly elevated percentage, while the age bracket of 30–40 years old has a significantly lower percentage, and the over-40 age bracket has a very low percentage.

If you don’t have any accidents or traffic penalties during your driving career, your insurance price will decrease as you get older.

Because insurance companies are aware that taking on a client who is in a younger age group comes with a significant amount of risk, they will almost always charge you a significantly higher premium in order to make up for the amount of money they anticipate losing on you.

2. Occupation

There are a few distinct reasons why your insurance rate could change depending on what you do for a living.

Your insurance premiums can go up if your employment requires you to ride your motorcycle for longer stretches of time than usual.

In addition, if you have a job that puts you in the limelight of public attention, there is an increased risk of vandalism, which can also lead to higher insurance costs.

Due to the fact that the insurance company is exposed to a greater risk of having to pay out claims as a result of the aforementioned employment requirements, premiums will naturally be higher.

3. Where do You Keep Your Bike

If you are able to store your motorcycle in a secure location overnight, you might save in half the cost of your annual premium for motorcycle insurance.

To insure a bike that is kept on the street rather than in a closed garage might cost as much as twice as much money because stolen bike are more likely to be found on the street.

4. Driving Experience

Your insurance provider may provide you with a more favorable estimate of your premium costs if you can demonstrate that you are an experienced driver.

If you have successfully finished any advanced training sessions, then your insurance company may reward you with a premium reduction for being a responsible driver.

5. Motorcycle CCs

The horsepower of your motorcycle’s engine has a direct bearing on how much you will pay for insurance. The more powerful the engine, the higher the price tag that comes along with it.

It is therefore possible to make some financial savings if you are able to locate an engine with a smaller displacement that has a higher horsepower output.

Each and every insurance provider has access to a database that maintains the accident statistics for each and every type of motorcycle.

Therefore, as your information is processed via their system, and they discover that you’re only 21 years old and you’re looking into insuring a 1200cc motorcycle, that risk factor will significantly increase.

The number of cubic centimeters in a motorcycle’s engine is not what determines how quickly it can travel; there are a number of other elements at play here.

There is an abundant supply of quick motorcycles that do not have engines with a huge displacement.

However, insurance companies typically only consider engine size when making their calculations, which can work in your favor. This is one of the ways in which you can save money on car insurance.

6. Motorcycle Age And Value

If you are interested in purchasing an older motorcycle, keep in mind that its value has probably already experienced the majority of its decline.

As a result, the insurance company will not be required to pay out as much money in the event of a collision involving the motorcycle.

The only thing that the insurance company cares about is whether or not they will come out ahead in the long term.

Because of this, if you purchase an older motorcycle that can be replaced for just a few thousand dollars, your insurance price will drop significantly.

7. Where You Live

It’s only a fact that some regions have a higher incidence of motorbike theft than others.

If you happen to call any of these locations home, you should anticipate paying a higher premium for your insurance.

Unfortunately, motorcycles can be extremely simple to steal; all that is required is to lift them into a van and then drive off with them in a matter of minutes.

You won’t be able to significantly change this aspect of the situation unless you make the decision to relocate.

If there are a significant number of motorcycle thefts in your neighborhood, then you should anticipate a significant increase in the cost of your auto insurance.

Because it is so simple to steal motorcycles, it may assist if you tell the person that you store the motorcycle in a closed garage, have a wheel lock on it, or have some other type of security system installed on it.

There are some insurance companies that will give you a discount on your premium if you demonstrate that you have taken additional safety steps and have added extra security to your motorcycle.

Simply click on this link to access the list of recommended safety equipment that could assist you in lowering the cost of your insurance rates.

8. Driving Record

When you apply for motorcycle insurance, the insurance company will inquire about any driving convictions you may have received in the previous five years.

Despite the fact that you might not be able to erase your driving record from the past, adopting the essential safety measures to lower the likelihood of receiving a conviction in the future will help you pay less for motorbike insurance in the years to come.

Lowering the Price of Motorbike insurance:

You have some say over the things that determine the cost of your motorbike insurance, including some of the elements themselves.

1. Age

Having a parent serve as the primary driver on the insurance policy and adding you as a secondary driver is one strategy that might be utilized to circumvent the higher premiums that are incurred due to the fact that you are a young driver.

You are not breaking the law by doing this, and it may end up saving you a significant amount of money.

2. By opting for a higher excess

The cost of your motorbike insurance could be reduced by as much as thirty percent or even more.

The excess is the amount that you will pay toward a claim, and there are normally two elements to a motorbike excess: the deductible and the co-payment.

If you ever need to make a claim, you should make sure that you will be able to cover the whole cost of both the mandatory and the optional excesses before opting for a greater excess in order to enjoy the advantage of a reduced premium today.

3. Mileage

The cost of your insurance policy takes into account the possibility that you will file a claim. And the longer you spend driving, the greater the risk of being involved in a traffic accident becomes.

As a consequence of this, the estimation of annual mileage that you provide when requesting a pricing quote can have a discernible effect on the final cost.

However, it is essential to be exact because, in the event that you make a claim, understating your mileage could render your insurance policy null and void.

4. Market value

The lower the current market value of your motorcycle is and the more modest the engine, the more the monthly premium for motorcycle insurance will normally be.

5. Motorcycle Security

If your bike is stolen, having adequate security measures in place can not only reduce the likelihood that it will be taken, but it can also make it much simpler to recover.

Because of this, having a high level of security, such as an alarm system with tracking, immobilization, anti-grab, and movement sensors that is rated 1 or 2 by Thatcham may lower the cost of your motorbike insurance; however, this will vary depending on the insurance company.

Visit the Motorcycle, Moped, and Scooter Security Guide provided by the Metropolitan Police Department for information on how to make your motorcycle more secure both at home and when you are traveling.

6. Security

Since insurance premiums are completely based on risk, making sure that your motorcycle has the best protection possible can save you a lot of money.

A simple method of securing your motorcycle is to use an approved chain, which can result in a discount of 1-2 percentage points off of your insurance premium, and data tagging can result in a savings of 5 percentage points.

You can be eligible for a discount of up to ten percent on your premium if you protect your motorcycle with an aftermarket alarm and an immobilizer.

If you want to get a discount on your motorbike insurance, you should think about securing your motorcycle.

7. Multi-Bike Policy

If you have more than one motorcycle, you may be eligible for a multi-bike policy, which will be more cost-effective than purchasing two individual policies.

If you have more than one motorcycle, you may qualify for a multi-bike policy.

You will save money on your overall premium if you get the multi-bike coverage.

Because you cannot ride both bikes at the same time and therefore there is a smaller risk of damage to your bike, the multi-bike policy is less expensive than having two separate policies. This is due to the fact that you cannot ride both bikes at the same time.


I believe that by this point, you are aware of the reasons why motorcycle insurance costs are so expensive. The causes are those mentioned above. Additionally, there are factors you can influence, as mentioned above, to keep the cost of your motorcycle insurance to a bare minimum.