How Much Should You Pay for Motorcycle Insurance?

Front view of a person riding a motorcycleThe average cost of insurance for a cruiser or touring motorcycle in the U.S. ranges between $200 and up to $3,000 per year, depending on the coverage.

If you’re looking for motorcycle insurance here in Chicago, IL, the price you pay may be based on your age and driving record. A bad history generally means that you would need to pay more.

Types of Coverage

Those between 25 and 60 years old with a good driving record will need to pay between $200 and 500 per year for a liability-only coverage. Some factors that may reduce the price include owning a house, a good credit standing and completing a safety course.

A full coverage among people from the same age group will cost from $400 to $800 every year. You may choose to cut the overall price by increasing your deductible and not signing up for add-on coverage. However, the cost of your bike will be a factor for more high prices.

If you’re a new rider, you can show that you are a responsible one by having the basic safety gear.

New Riders

First-time owners need a helmet, motorcycle boots, gloves and an armored jacket before hitting the road. If you can’t afford them all at once, start with an industry-certified helmet and a pair of gloves. When shopping for a helmet, you should pay anywhere near the mid-range to avoid overspending without compromising safety.

A good helmet costs between $100 and $200, while safety gloves range between $20 and $100. Most people forget that their hands are exposed when driving, so having a pair of gloves makes sense.


You don’t need to spend a fortune on insurance, especially if you already know your preferred coverage. Take note that your insurer may be privy about your safety habits; hence be prudent about wearing gear when on the road.