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For younger motorcycle riders, getting affordable insurance can be challenging, as rates tend to be higher for riders under 21. However, there are ways to find coverage that suits your needs and budget, as well as some strategies to help reduce costs. Here’s a guide to motorcycle insurance for riders under 21, covering essential factors, tips for lowering premiums, and recommended providers.

Why Motorcycle Insurance Costs More for Riders Under 21

Riders under 21 typically face higher motorcycle insurance premiums due to:

• Inexperience: Younger riders have less experience, making them statistically more likely to be involved in accidents.
• Risk Factor: Motorcycles carry inherent risks, and insurers view younger riders as higher-risk clients.
• Type of Motorcycle: Many younger riders prefer high-powered sport bikes, which are more costly to insure due to their performance and risk profile.

Types of Coverage to Consider

When looking for motorcycle insurance, it’s essential to understand the types of coverage you’ll need:

1. Liability Coverage: Covers costs if you’re at fault in an accident, including injuries and property damage for others involved. This is often required by law.
2. Collision Coverage: Pays for repairs to your bike after an accident, regardless of fault.
3. Comprehensive Coverage: Covers non-collision damages, like theft, vandalism, and weather-related incidents.
4. Uninsured/Underinsured Motorist: Protects you if you’re in an accident caused by an uninsured or underinsured driver.
5. Medical Payments/Personal Injury Protection (PIP): Covers medical expenses if you’re injured in an accident, regardless of fault.

How to Lower Motorcycle Insurance Premiums for Under-21 Riders

1. Take a Motorcycle Safety Course: Completing a recognized safety course can lead to discounts with many insurers and may help you become a safer rider. Programs like the Motorcycle Safety Foundation (MSF) Basic RiderCourse are highly regarded by insurers.
2. Choose a Less Expensive Bike: Sport bikes and high-performance motorcycles cost more to insure. Opt for a bike with a smaller engine or a cruiser-style motorcycle to reduce premiums.
3. Consider Higher Deductibles: A higher deductible will lower your monthly premiums but remember it also increases your out-of-pocket expenses in case of an accident.
4. Maintain a Clean Driving Record: Avoiding traffic violations, accidents, and reckless driving will help keep your insurance rates down over time.
5. Look for Young Rider Discounts: Some insurers offer discounts specifically for young or student riders. Ask your insurer if they provide any young driver or good student discounts.
6. Bundle Policies: If you have other insurance policies, such as auto or renters insurance, bundling them with your motorcycle insurance can lead to savings.

Top Providers for Motorcycle Insurance for Riders Under

Many major insurance companies offer competitive rates and discounts for young riders:

1. GEICO: Offers some of the lowest rates for young riders, along with discounts for safety courses, multiple policies, and advanced safety features on the bike.
2. Progressive: Known for flexible payment options and a variety of discounts, Progressive is often competitive for young riders. Their “Deductible Savings Bank” also reduces your deductible by $50 for each claim-free policy period.
3. Nationwide: Nationwide offers young rider discounts and multiple coverage options, including roadside assistance, custom equipment coverage, and accident forgiveness.
4. Allstate: Provides coverage for custom parts and accessories, along with discounts for safe riding and completing a motorcycle safety course.
5. Dairyland: Specializes in motorcycle insurance and is known for offering coverage even for high-risk riders. Dairyland also provides discounts for responsible young riders and safety courses.

Average Costs for Riders Under 21

Motorcycle insurance premiums vary widely depending on the bike, location, and coverage level. Riders under 21 can expect to pay anywhere from:

• $800 to $2,500 per year for full coverage on a sport bike.
• $400 to $1,500 per year for a cruiser or touring bike with basic liability coverage.

Rates will vary based on factors like driving record, location, and bike type, so comparing quotes is essential.

Final Tips

• Compare Quotes: Get quotes from at least three providers to see which offers the best rate and coverage for your needs.
• Review Policy Annually: Your rates may decrease as you gain more experience, especially after you turn 21, so it’s beneficial to re-evaluate your policy periodically.
• Consider Seasonal Coverage: If you live in a region with a long off-season, consider a policy that offers lower premiums or storage coverage during non-riding months.

Getting motorcycle insurance as a young rider may come with higher premiums, but with the right choices and discounts, it’s possible to find affordable coverage that protects you on the road.