Are you a 17-year-old motorcycle enthusiast ready to hit the road? Don’t let the excitement of your new ride overshadow the importance of protecting yourself and your bike. Whether you’re a seasoned rider or just starting out, motorcycle insurance is a crucial investment.
But with so many options out there, navigating the world of insurance can feel like a winding road. That’s why we’ve put together the ultimate guide to motorcycle insurance for 17-year-olds. From coverage options to cost-saving tips, we’ve got everything you need to know to hit the pavement with peace of mind.
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Table of Content
The Necessity of Motorcycle Insurance
In 48 out of the 50 states, motorcycle insurance is required for all drivers, including those 17 years old. You must either purchase the policy for yourself or have your parents, relative, or guardian buy the insurance to comply with state laws.
Motorcycle insurance is necessary for 48 of the 50 states and is also widely available as long as you have a driver’s license and own your motorcycle. However, it must be noted that 17-year-old motorcycle insurance will be significantly higher in cost than the same type of insurance for those aged 26.
This is because insurance premiums are based on statistics, meaning drivers 17 to 25 are at much higher risk of an accident than those aged 26 and above.
However, the availability of insurance is present in all 50 states, including the District of Columbia. You can search for various insurance companies to get what you need.
Types of Policies & Benefits
You can choose from several different policies that meet different needs. You must consider having comprehensive insurance if you have a lien against the motorcycle because you took out a loan to pay for it. Otherwise, different policies for motorcycle insurance for 17-year-old.
- Comprehensive: This covers all damage to your motorcycle and other drivers if the accident was your fault. It is the most expensive motorcycle policy for your bike, but it provides complete coverage.
- Collision: This type of insurance provides coverage only in case you are involved in a crash. It is generally less expensive than comprehensive and will provide good coverage.
- Liability & Uninsured Motorist: This is generally the minimum requirement by the state for both motorcycle and automotive insurance. You are covered if the accident is not your fault and the other driver does not have insurance. However, if you caused the accident, your motorcycle is not covered in terms of damages.
- Theft: Motorcycles are popular targets for thieves, so this type of insurance is in high demand. If your motorcycle is stolen, you can receive compensation from your insurance company if you have this type of coverage. Learn how to prevent motorcycle theft that ensures a reduced premium from the provider.
These are the basic types of motorcycle insurance for a 17-year-old. Roadside assistance is another useful coverage you must consider. Remember, you can tailor your policy to fit your needs and budget better.
How Much is Motorcycle Insurance for a 17-Year-Old?
While there is no exact number available for the cost of motorcycle insurance because of all the different factors, our analysis found that a 17-year-old may pay anywhere from $700 to $2700 per year. If you drive a high-powered sports-type bike, you can expect to pay more for your insurance.
The annual premium will depend on different factors, which include the following:
- Type of Motorcycle
- Personal Driving Record
- Your Gender
- The State You Live In
- The Type of Insurance
While there are no hard and fast numbers that would be typical for a motorcycle driver, given the number of variables, what can be said is that you are likely to pay twice as much for motorcycle insurance as a 30-year-old.
So, if a 30 year old is paying $650 a year, a 17 year old is likely to pay $1,300 per year given the same type and amount of insurance.
A good driving record helps, but if you have been in an accident, that will considerably increase the costs. Plus, men have to pay considerably more for their insurance than women. Finally, the types of insurance you choose and your state are important factors.
Generally speaking, finding cheap bike insurance for 17-year-olds is not easy, but it can be done if you do the following;
- Select a low-powered bike, preferably 125cc or less
- Take an approved safety driving course
- Choose the state-minimum insurance if you can
- Choose a higher deductible
- Drive only during certain times of the year
Low-powered bikes get a substantial discount on insurance rates because they are less likely to be involved in accidents. Taking an approved safety driving course can also reduce your rates. Plus, if you purchase the bike outright, you can select state minimum insurance requirements such as liability and uninsured motorists.
A higher deductible means more out-of-pocket expenses but can save you considerable money. And, if you only drive your motorcycle during the summer, you can get a substantial discount for seasonal coverage.
Tips to Find the Best Insurance Policy
While motorcycle insurance for 17-year-old drivers is expensive, there are ways you can find the right coverage at the lowest cost. Here are a few tips that will help keep your insurance rates as low as possible.
- Buy a Cheap, Used Motorcycle: When you consider the costs for 125cc bike insurance a 17-year-old will have to pay, the lower the power, the better. Plus, by purchasing a used motorcycle without a loan, you will not be required to buy comprehensive.
- Keep it Locked Up: Theft is one of the biggest cost drivers for motorcycle insurance. So, keep your motorcycle locked up in the garage where thieves will not know it’s there, much less try to steal it.
- Purchase Seasonal Insurance: If you live in a state with cold winters, you will probably not be riding your motorcycle. Get insurance for the 6 warm months of the year and save a considerable amount.
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