How Much Does Motorcycle Insurance in Ohio Typically Cost

Motorcycle insurance in Ohio can be a bit pricey, but knowing what to expect can help you budget accordingly. On average, a motorcycle insurance policy in Ohio can cost around $150 to $300 per year.

Factors like your age, riding experience, and type of motorcycle you own play a significant role in determining your insurance costs. For example, younger riders or those with less experience may face higher premiums.

In Ohio, motorcycle insurance rates can vary depending on the location. Urban areas tend to have higher rates compared to rural areas.

Your motorcycle insurance rate will be influenced by the type of vehicle you have, with newer sport bikes costing more to insure than older cruisers. The vehicle's primary use also plays a role, with insurance for daily commutes or business deliveries being more expensive than for pleasure riding.

You'll want to consider modifying your vehicle or making customizations, as this can affect your insurance rate. For example, if you've converted your motorcycle to a trike or made significant modifications, you'll need to let your insurer know.

Your age and riding experience are also key factors, with younger riders typically paying higher rates. However, an older, inexperienced rider may pay more than a younger, more experienced rider.

Age and experience play a significant role in determining motorcycle insurance costs. As you get older, your rate decreases until you reach your 70s.

Teen riders, on the other hand, pose the greatest risk for insurers, resulting in higher motorcycle insurance rates. This is because they have less experience on the road, making them more prone to accidents.

Insurance companies tend to charge younger riders more because they're considered higher-risk drivers. In fact, it can be hard to find an insurance company that will cover riders under 18.

Here are some examples of how age impacts motorcycle insurance costs:

As you can see from the table, an average 16-year-old rider pays 103% more for insurance than an average 40-year-old rider. This highlights the significant impact of age on motorcycle insurance costs.

Having an accident on your record can significantly impact your motorcycle insurance costs. At-fault accidents are generally the costliest.

Any claim, whether you're at-fault or not, can negatively affect your insurance rate. This is because insurance companies view claims as a risk factor.

Accident history is a major consideration for insurance companies, and it's not just about the number of accidents – it's also about the severity and type of accidents.

Having a good credit rating can actually save you money on motorcycle insurance in most states. This is because many insurers check credit and use it as a factor in determining premiums.

Getting a quote from an insurer won't affect your credit score, so it's a good idea to shop around and compare rates.

A better credit rating can lead to lower insurance costs, which is a win-win for motorcycle riders.

Choosing the right motorcycle insurance coverage is crucial to protect your bike and your wallet. Adding comprehensive and collision coverage will cost more than the state minimum liability coverage.

A liability-only policy will cost the least, but it won't cover the cost of physical damage to your bike. This means you'll have to pay out of pocket for any repairs or replacements.

Your deductible will also impact the average cost of motorcycle insurance. The higher your deductible, the more your out-of-pocket expense will be at the time of an accident.

Progressive offers extra customizable coverages that might increase your motorcycle insurance rate, such as accessory coverage, carried contents/personal belongings, and enhanced injury protection. These coverages can provide added peace of mind, but they'll also increase your premium.

The average cost of motorcycle insurance in the US is $178 a month, but this can vary depending on your state and the coverage types you choose. This is a significant difference from state to state, with some states having much lower costs.

For example, in Wisconsin, you can expect to pay $60 a month, or $720 annually. This is a stark contrast to states like California, where you'll pay a whopping $514 a month, or $6,168 annually.

In Ohio, the average monthly motorcycle insurance cost is $97. This is a relatively moderate cost compared to other states. However, the type of motorcycle you have can influence how much you pay for coverage, but not by much.

Here's a breakdown of the average costs of motorcycle insurance for drivers of standard, sports, and touring bikes:

The amount of coverage you buy has a greater effect on average costs. Motorcycle drivers with minimum-coverage insurance tend to pay much less than drivers with full-coverage insurance.

Saving money on motorcycle insurance is a top priority for many riders. One of the best things you can do is shop around and get quotes from three to five different insurance companies. Pay attention to the discounts each company offers.

You can also save money by taking a safety course. Many insurance companies offer a discount to motorcycle riders who complete a course, which can be particularly beneficial for riders under age 25. This can lead to significant savings on your motorcycle insurance costs.

Increasing your deductible is another way to lower your premium. For example, raising your deductible from $500 to $1,000 (or more) can lower your motorcycle insurance cost. Just be prepared to get a lower insurance check if you make a collision or comprehensive claim.

If you insure more than one bike or a bike and a car, you may qualify for a multi-vehicle discount. This can be a good way to save money on your motorcycle insurance. Some insurers offer a significant discount when you bundle insurance in this way.

Here are some additional ways to save on motorcycle insurance:

Remember, having a clean driving record is essential to earning the best motorcycle insurance rates. Avoid tickets and accidents to keep your costs lower.

If you're looking for the cheapest motorcycle insurance options, Progressive stands out as the lowest-cost provider, with full coverage insurance coming in at $266.

Progressive's affordable rates are based on a policy with 50/100/25 liability levels.

For those who only need liability coverage, Progressive offers an average annual cost of $108.

This can be a significant cost savings for motorcyclists who want to keep their insurance costs low.

In Ohio, the cost of motorcycle insurance can vary depending on several factors, including the type of motorcycle you own. Motorcycle insurance quotes in Ohio are available from various insurance companies, such as Allstate, Geico, Progressive, and Travelers.

To determine the average cost of motorcycle insurance in Ohio, insurance quotes were analyzed for a Harley-Davidson Street Glide, the minimum liability insurance required in the state, uninsured motorist coverage, and collision and comprehensive coverage with a $500 deductible.

Forbes Advisor analyzed insurance quotes in eight states, including Ohio, to provide a comprehensive understanding of motorcycle insurance rates.

MoneyGeek has included some of the most common questions people have about motorcycle insurance to help you find the policy that best suits your needs.

Some of the most common questions people have about motorcycle insurance include those related to cost. Frequently Asked Questions About the Cost of Motorcycle Insurance reveals that choosing the right policy can be challenging.

People often wonder how much motorcycle insurance costs. According to Frequently Asked Questions About the Cost of Motorcycle Insurance, the cost can vary depending on several factors.

The cost of motorcycle insurance can be influenced by factors such as age, location, and type of motorcycle. Frequently Asked Questions About the Cost of Motorcycle Insurance highlights the importance of considering these factors when choosing a policy.

MoneyGeek's research on motorcycle insurance has shed light on the complexities of insurance policies. By understanding the most common questions and concerns, you can make an informed decision about your motorcycle insurance.

We analyzed insurance quotes in eight states for owners of a Harley-Davidson Street Glide. We looked at the average rates for minimum motorcycle liability insurance required in each state.

Our analysis included quotes from four major insurance companies: Allstate, Geico, Progressive, and Travelers. These quotes were obtained as of May 2022.

We also considered the following types of coverage: uninsured motorist coverage, collision coverage, and comprehensive coverage with a $500 deductible. This helps give you a clear picture of what to expect when shopping for insurance.

If you're looking for motorcycle insurance companies in Ohio, you're in luck because many of the top companies offer coverage in the state. Progressive is one of the lowest-cost options for liability-only policies, with rates starting at around $108 per year.

However, it's essential to shop around and compare quotes from multiple companies. For example, Harley-Davidson has the highest liability-only rates in the state, at about $166 per year.

Here's a rough idea of what you can expect to pay for motorcycle insurance in Ohio:

As you can see, rates can vary significantly between companies. Progressive and Dairyland tie for the lowest full coverage rates at an average of $267 per year, while Nationwide's annual rates are the highest at around $658.

State Farm is another option to consider, especially if you're looking for a company that uses data to determine which motorcycles are more affordable to insure. They offer comprehensive policies that cover theft, but may not be the cheapest option for all types of bikes.