Each insurance company has their own unique algorithm to determine what your insurance premium will be. However, the following are the primary factors:

Age – The sweet spot for the lowest motorcycle insurance rate is between the ages of 40 and 60. However, any younger than 25 or older than 70 and typically the rates are higher due to inexperience or slower reflexes.

Riding Experience – if you are just starting out owning a motorcycle and are an inexperienced rider then expect to pay higher insurance premiums even compared to a much younger rider with more experience

Type of Bike – bigger engines and high-performance bikes typically cost more to insure

Marital Status – Insurance companies typically view married couples as being more responsible.

Location – Where you live affects your rate. You can live in the same city but just move to a different zip code and your insurance rate can change.

Driving Record – Clean driving records will pay much lower motorcycle insurance premiums than someone with a DUI or multiple speeding tickets.

Coverages chosen – This one is obvious because the more coverage you add on the more coverages they are charging you for.

Limits and Deductibles – Higher liability limits and lower deductibles will increase your insurance premiums.  However, did you know that having too low of liability limits may also increase your premium? Some companies give you a discount when you switch to them just for having higher liability limits than required by the state with your previous insurance company.

Having prior insurance – If you had a lapse in insurance or never had insurance, insurance companies apply a surcharge to the policy for the first policy term.