Life Insurance for Motorcycle Riders

Life insurance for motorcycle riders is a must considering motorcycles are notoriously dangerous vehicles. Keep in mind that while life insurance is not mandatory, it is something well worth getting if you plan on spending time on the bike. What is mandatory is auto insurance if you're going to be on the road. A policy for motorcycle riders tends to hover around a little less than $1,200 annually bare minimum.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Dec 3, 2020

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Quick Facts

  • Motorcycle insurance is expensive because it’s much more dangerous to drive than a car.
  • Average annual full coverage costs on average $1,173 per year.
  • Motorcyclists are 28 times more likely to die in a crash compared to passenger car occupants.

Are you interested in learning about life insurance for motorcycle riders? You’re in the right place. We’ll go through everything step by step — we know insurance is a complicated business.

How hard is it to get life insurance as a motorcycle rider? The good news is you have options as there are many types of term life insurance out there, as well as lots of whole life insurance options.

Feel free to type your ZIP code into our helpful and free tool above to find life insurance rates for motorcycle riders in your area. Which life insurance company for motorcycle riders is for you? Find out now.

What insurance do I need for a motorcycle?

If you plan on riding a motorcycle, you’ll need to be well aware of the potential for risk. This is why life insurance is so important.

There are few vehicles more dangerous than a motorcycle. If you spend a fair amount of time on something dangerous, you’ll need the peace of mind that your family’s financial well being is taken care of.

Motorcyclists are 28 times more likely to die in a crash than are passenger car occupants. Let’s take a look at average life insurance rates for a 30-year-old from one of the biggest insurance companies, Allstate.

Allstate Term Life Rates Male vs Female
Policy30-Year-Old Male30-Year-Old Female
$250,000: 10-Year Term$17.00$16.00
$250,000: 30-Year Term$26.00$22.00
$500,000: 10-Year Term$25.00$22.00
$500,000: 30-Year Term$45.00$37.00
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In terms of what you’ll need to legally be on the bike, you’ll need a variety of auto coverage types rather than life insurance.

First, you’ll need liability insurance, collision coverage, and comprehensive coverage in most states. You may also want to get uninsured/underinsured coverage as well as MedPay.

You will most likely need full coverage, which is a combination of a few of these coverage forms. Let’s take a look at a video that will shed some further light on what is included in a full coverage policy.

All in all, if you plan on riding a motorcycle, you’ll want to not only be on the road legally but also have a life insurance policy to cover your family should you be in an extreme collision. Let’s move on to see how much insurance usually is for a motorcycle rider.

What is the average cost of insurance for a motorcycle rider?

According to Business Insider, a 2020 full coverage policy costs on average $1,173 per year. However, this can vary due to your state’s minimum coverage laws as well as how much insurance you procure.

This is to operate your motorcycle on the road legally. In terms of life insurance, you’ll want accidental death life insurance. If you’re going to be on a dangerous vehicle, you may be wise to take extra precautions.

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Why is motorcycle insurance so high?

A lot of the reason motorcycle insurance can be so high is that they are dangerous. Looking into that requires a deeper look into sports bikes.

Just like with sportscars, sporty motorcycles are built to be fast. With speed comes extensive risk. If you tack on one or more accidents to your claim history, which is likely with a motorcycle, you’ll see premiums skyrocket.

All in all, drive safely. If you must have a motorcycle, try to get one that isn’t built for speed, but durability.

In the meanwhile, feel free to type your ZIP code into our free and helpful tool below to find life insurance quotes for motorcycle riders.

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Frequently Asked Questions: Life Insurance for Motorcycle Riders

Are you interested in affordable life insurance for motorcycle riders but still unsure if it’s for you? Before you buy life insurance for motorcycle riders, read some common questions below so you are fully informed.

#1 – What do you call a group of motorcycle riders?

The words usually used are group and club.

#2 – What is the average age of a motorcycle rider?

The median age is 47, with the average demo being 35 and older males.

#3 – What type of motorcycle is cheapest to insure?

Smaller motorcycles tend to be the least expensive to insure given that they have smaller engines.

#4 – Is insurance cheaper for a motorcycle?

Usually, yes. Motorcycles are generally cheaper than cars, cheaper to replace, and cheaper to repair, and this is reflected in the cost of insurance.

#5 – How dangerous is a motorcycle?

Motorcyclists account for about 14 percent of all crash-related fatalities in a given year despite accounting for only about 3 percent of the vehicles on the road.

#6 – How much is a good motorcycle?

A new motorcycle can run you anywhere from below $5,000 to over $200,000.

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