How much is motorcycle insurance for a 20 year old

The price of motorcycle insurance for 20-year-olds is typically $62 per month, or $743 per year, depending on major insurers. however, depending on your location and the company you purchase coverage from, the price you pay could exceed $1,149 per year.

Compared to younger passengers, 20-year-olds tend to pay lower fares. In addition to your age, other factors can influence the price of motorcycle insurance, such as your personal insurance history and the type of bike you own. location is another main factor in high prices.

Reading: How much is motorcycle insurance for a 20 year old

dairyland has the lowest rates for 20-year-olds, with an average price of just $574 a year.

how much does motorcycle insurance cost for 20 year olds?

The cost of motorcycle insurance for 20-year-olds is 21% cheaper than the average cost of coverage for an 18-year-old. but it is still 14% more than for a 21-year-old, on average. rates for a 20 year old motorcyclist can depend heavily on location, provider and even gender.

We compared prices in cities across the country and found you could pay hundreds more for motorcycle insurance based on where you live. The cost of motorcycle insurance we found in Pennsylvania is only $588 a year, $241 less than the rate we found in Georgia.

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We found very little difference between genders in the price of motorcycle insurance for people in their 20s. Many companies generally quote the same rates regardless of gender, but some companies may charge more based on your gender.

Surprisingly, young women sometimes pay a little more than young men for motorcycle insurance. In general, women tend to pay less for car insurance than men.

for example, dairyland charges female clients in new york $20 per year more for coverage than men. allstate also charges more for female applicants.

gender only resulted in a monthly price discrepancy of $1 across surveyed locations. Although our data indicates that this factor is less important for motorcycle insurers than it is for auto insurance providers, it is a good idea to compare the price quoted with the rates of a few different providers.

who has the cheapest motorcycle insurance for young people?

The cheapest motorcycle insurance provider for young drivers is usually dairyland. this insurer’s rate is significantly cheaper than the average price for most passengers of this age and 29% cheaper than the rate of the most expensive company.

by contrast, motorcycle insurance from geico costs $809 a year. That’s $66 a year more expensive than the average price of motorcycle insurance for 20-year-olds.

how to save on motorcycle insurance in your 20s

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As you get older, your motorcycle insurance rates go down. we’ve found that motorcycle insurance for 20-year-olds is cheaper than bicycle insurance for 18-year-olds, who can pay nearly $1,000 a year for coverage. however, 21-year-olds save more than $100 on motorcycle insurance per year compared to 20-year-olds.

The best way to save money is to compare the prices offered by various motorcycle insurance companies. Rates can fluctuate dramatically depending on your provider, and you can lose savings if you buy the first policy you come across just to satisfy your state’s legal requirements. You could also save by qualifying for discounts offered by providers, including discounts for:

Is motorcycle insurance cheaper than car insurance?

Motorcycle insurance is much cheaper than car insurance. The average cost of auto insurance for a 20-year-old is $5,517 per year, more than seven times the average cost of coverage for motorcyclists of the same age.

The difference in cost between the two forms of insurance is due to the size of the vehicle: In most cases, cars cause far more damage or injury than motorcycles. Motorcycles are also worth much less than cars, which means there are fewer costs to your insurer if your bike breaks down and needs repair.

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To find the most affordable motorcycle insurance for drivers in their 20s, we compiled quotes from four of the major motorcycle insurers: Progressive, Geico, Allstate, and Dairyland.

All citations were for full coverage and were collected from five locations: San Jose, California; Augusta, Georgia; buffalo, new york; pittsburgh, pennsylvania; and Austin, Texas. The sample customer has been licensed to use a car and motorcycle since he was 16 years old, and drives a 2020 Harley-Davidson Street 500.

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