Motorcycle Insurance So High: 8 Factors (Explained)

Many riders don’t buy motorcycles because insurance is so expensive. 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.

I’ll explain how each of these factors affects your insurance policy’s cost below.

Why Is My Motorcycle Insurance So High?

1. Driver’s Age

Driver age comes first. Young drivers cause more accidents, according to government data.

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.

Due to their inexperience, they haven’t learned how to drive defensively around others.

Insurance rates decrease as you age.

20–30-year-olds have a slightly higher percentage, 30–40-year-olds a much lower percentage, and over-40s 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.

Insurance companies know that younger clients are riskier, so they will usually charge you a higher premium to make up for the money they expect to lose on you.

2. Occupation

Work can affect your insurance rate for several reasons.

If your job requires long motorbike rides, your insurance rates may rise.

Vandalism is also more likely if you work in the public eye, which can raise insurance costs.

The employment requirements increase the insurance company’s risk of having to pay claims, so premiums are 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

If you’re an experienced driver, your insurance company may lower your premium estimate.

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

Your motorcycle’s horsepower affects insurance costs. Powerful engines cost more.

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.

Motorcycle accident statistics are available to all insurance providers.

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 can reduce car insurance costs.

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.

Thus, a motorbike accident will cost the insurance company less.

Insurance companies only care about long-term profitability.

Thus, buying an older motorbike that can be replaced for a few thousand dollars will lower your insurance.

7. Where You Live

Motorcycle theft is higher in some areas.

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

Regretfully, motorcycles can be stolen in minutes by lifting them into a van and driving off.

You’ll need to move to change this.

If your neighbourhood has a lot of motorcycle thefts, your auto insurance will likely rise.

Telling the person that you store the motorcycle in a closed garage, have a wheel lock on it, or have another security system may help since motorcycles are easy to steal.

Some companies will lower your premium if you take extra safety measures and secure your bike.

This link provides a list of recommended safety equipment that may lower your rates.

8. Driving Record

Motorcycle insurance companies ask about driving convictions from the past five years when you apply.

Even though you can’t erase your driving record, taking safety precautions to reduce the likelihood of a future conviction will lower your motorbike insurance rates.

Lowering the Price of Motorcycle 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.

This is legal and could save you money.

2. By opting for a higher excess

Your motorbike insurance could drop by 30% or 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

Your insurance premiums reflect the likelihood of a claim. Driving longer increases your risk of an accident.

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

Security measures can reduce the likelihood of your bike being stolen and make it easier to recover if it is.

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.

The Metropolitan Police Department’s Motorcycle, Moped, and Scooter Security Guide offers tips for protecting your motorcycle at home and on the road.

6. Security

Making sure your motorbike is well-protected can save you money on insurance since risk is the sole factor.

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.

Securing your motorcycle can lower your motorcycle insurance.

7. Multi-Bike Policy

If you have more than one motorbike, a multi-bike policy may be cheaper than two individual policies.

A multi-bike policy may be available if you own multiple motorcycles.

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

The multi-bike policy is cheaper than two separate policies because you cannot ride both bikes at once, reducing the risk of bike damage. You cannot ride both bikes at once.


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.