What Is The Average Motorcycle Insurance Cost?

According to data from MoneyGeek, the average cost of liability-only motorcycle insurance in Illinois is about $176 per year, and the average cost of a full coverage policy is $417 per year— slightly higher than the national average. Note that these figures are just averages, though, and your actual motorcycle insurance costs can vary based on several factors. 

Factors That Affect Motorcycle Insurance Cost

Below are some of the most important factors that affect motorcycle insurance costs. 

Type of Motorcycle

Your specific choice of bike has a significant effect on insurance premiums. The model’s safety features, crash outcomes, and theft rate can all affect premium costs. All other things being equal, sport bikes are typically the most expensive kind of motorcycle to insure because they have fewer safety features and are capable of incredibly high performance. 

Rider Age & Gender

The rider’s age and gender also affect insurance costs. Younger riders tend to be more expensive to insure because they have higher accident rates and less experience with riding. In contrast, older riders usually get lower rates. Men also usually have higher insurance rates because accident rates are higher among men than women. 

Location

Location affects premium costs as certain areas are more risky to insure motorcycles. For instance, riders in urban areas typically pay higher premiums because of the enhanced risk of theft and accidents. 

Driving History

Riding history also affects insurance rates. If you have a history of moving violations or reckless driving, you will be more expensive to insure.

How Much Motorcycle Insurance Do I Need in Illinois?

Illinois requires all motorized vehicles with a license plate to carry liability insurance. The minimum required liability coverage is:

• $25,000 per injury per person
• $50,000 total for bodily injury per accident
• $20,000 in property damage per accident

In addition to liability coverage, Illinois requires all motorcyclists to carry a minimum of $25,000 per person and $50,000 per accident in uninsured motorist insurance. A typical liability policy will carry the same amounts of uninsured motorist coverage, though riders can choose to add more coverage if they wish. 

How to Lower Your Rates

Below are some tips and tricks to pay less for your motorcycle insurance:

• Many insurers will offer discounts if you take a motorcycle safety course. 
• You can often get discounts by bundling motorcycle policies with other policies, such as auto coverage. 
• Switch to a higher-deductible insurance plan. Plans with higher deductibles usually have lower monthly premiums. 
• Change bikes to a safer model that is less expensive to insure. 
• Some insurance providers offer accident forgiveness, which means your rates won’t rise if you get into an accident that costs under a certain amount. 

Why You Should Call a Lawyer Before Your Insurance Company

Dealing with a motorcycle accident can be overwhelming, and your first instinct might be to call your insurance company. However, reaching out to a lawyer first—especially one who understands the unique needs of motorcyclists—can make a huge difference in protecting your rights and maximizing your claim. Insurance companies are primarily focused on minimizing payouts, even if it’s at your expense. A knowledgeable lawyer will advocate for you, ensuring you get the compensation you deserve.

At Law Tigers, we specialize in representing motorcyclists and understand the complexities of insurance claims. Whether you’re dealing with an accident or navigating your coverage options, we’re here to help.

Before you speak with your insurance company, contact Law Tigers. Let us be your advocate and ensure your case is handled with care and expertise.

Ride safe, and remember—Law Tigers has your back!