Choosing an insurance plan for your motorcycle can be difficult, especially if you’re a younger rider. When selecting a policy, it’s important to weigh the price, coverage levels and potential discounts associated with each plan. MoneyGeek put together a list of the best motorcycle insurance companies available for 21-year-old riders based on our proprietary quote data, so you can easily compare policies and determine which is right for you.


How Much Does Motorcycle Insurance Cost for a 21-Year-Old?

Insurers charge younger riders higher rates for their insurance. Statistically speaking, younger riders are much more likely to be involved in an accident than older riders, making them riskier to insure. According to our research, the average annual cost of motorcycle insurance for a 21-year-old is $255 for liability-only coverage and $907 for full coverage.

Average Cost of Motorcycle Insurance for a 21-Year-Old

Which Company Has the Best Cheap Insurance for a 21-Year-Old?

Insurance costs fluctuate significantly from company to company. Comparing quotes from different providers can help you find the best deal. For liability-only coverage, GEICO offers the cheapest motorcycle insurance for a 21-year-old at $180 per year. The most affordable option for full coverage is Dairyland, with a $460 average annual premium. Keep in mind that your rates can vary based on personal factors, including your age, location and driving history.

Cheapest Motorcycle Insurance for 21-Year-Olds

There are two options for insuring your motorcycle — full coverage insurance and liability-only insurance.

  • Liability coverage: Liability insurance is what pays for damages you cause to other people in an at-fault accident, including both property damage and bodily injury liability.
  • Full coverage: Full coverage insurance is what pays for damages to others and repairs to your motorcycle after an accident, no matter who is at fault. This option includes comprehensive insurance, which covers weather damage, theft and fire damage. It also includes collision insurance, which covers damages regardless of fault, including accidents with stationary objects.

MoneyGeek’s Motorcycle Insurance Recommendation for 21-Year-Olds

The best motorcycle insurance companies for 21-year-olds provide affordable coverage, excellent customer service and savings opportunities. After analyzing policy costs, discounts and service ratings from J.D. Power for major motorcycle providers, MoneyGeek recommends Progressive as our top pick for 21-year-olds.


Motorcycle Insurance Cost by State for 21-Year-Olds

Many location-based factors affect insurance rates, including local laws, regulations and the number of accidents or other claims filed in a given area. The bottom line — where you live can have a significant impact on your premiums. Moving can change your rates by hundreds of dollars each year, whether you’re going out of state or a few blocks away.

Motorcycle Insurance Cost by State for 21-Year-Olds

The rates listed above are for a full coverage plan.

Why Is Motorcycle Insurance Expensive for a 21-Year-Old?

Just like auto insurance, motorcycle insurance tends to be more expensive the younger you are. The average 21-year-old rider pays $907 each year for full coverage insurance, compared to $346 per year for the average 40-year-old rider. Because older riders typically have more experience on the road, motorcycle insurance costs decrease over time, provided you maintain a good driving record.

Avoiding accidents and traffic tickets goes a long way toward keeping your insurance costs low. Road safety tips — like following traffic laws and avoiding alcohol or drug use while riding — can keep you safe and help you save money.


How Can 21-Year-Olds Save Money on Motorcycle Insurance?

While insurance tends to be more expensive the younger you are, there are some measures 21-year-olds can take to score significant savings:

Compare Quotes

Gather quotes from multiple companies to make sure you’re getting the lowest rate for your motorcycle insurance. When comparing policies, always compare plans that offer identical coverage so you know which is the most affordable.

Choose Your Bike Carefully

One of the easiest ways to save money on premiums is to use a motorcycle that costs less to insure — insuring a cruiser, moped or other beginner bike costs significantly less than insuring a sports bike.

Stay On Your Parent’s Policy

Staying on your family policy gives you multiple benefits that can help lower your insurance costs. These include bundling discounts and reduced rates for long-term customers or riders who own a house.

Consider Liability-Only Coverage

If you’ve paid off your bike and can afford to replace it out of pocket, you could consider carrying liability-only coverage. This option saves you money by eliminating the cost of comprehensive and collision insurance. However, it also means you’re responsible for repairing or replacing your bike in the event of an at-fault accident.

Frequently Asked Questions About the Cost of Motorcycle Insurance

Still have questions about the cost of motorcycle insurance for 21-year-old riders? MoneyGeek compiled some of the most common questions people ask to help you find the best policy.

How much does motorcycle insurance cost, on average, for a 21-year-old?
Who has the cheapest motorcycle insurance cost for a 21-year-old?
Can a 21-year-old rider be on a parent’s policy?
How does motorcycle insurance work for a 21-year-old?

Learn More About Motorcycle Insurance


MoneyGeek calculated the sample rates on this page by gathering quotes for a 21-year-old Honda Rebel 500 rider with a good driving record.

These rates are for the following coverage limits:

  • $50,000 per person for bodily injury coverage
  • $100,000 per accident for bodily injury coverage
  • $25,000 per accident for property damage coverage

In instances where sample rates were for a full coverage policy, note that the policy includes comprehensive and collision with a $500 deductible.

About Rachael Brennan

 Rachael Brennan headshot

Rachael Brennan is a licensed insurance agent who has worked in the insurance industry for over a decade. She specializes in property, casualty, health, life, accidental death and disability insurance. She is P&C-licensed in all 50 states, and life, health and AD&D-licensed in New York and the surrounding states. Rachael has worked for respected companies such as 21st Century Insurance and BlueCross BlueShield, and was the insurance plans coordinator for the Unitarian Universalist Association (UUA) for three years.

Rachael earned her Bachelor of Science degree in Communications from Texas A&M University-Commerce. As a writer, she is committed to using her insurance and personal finance experience to share practical knowledge and help people make informed financial decisions.