Motorcycles must comply with the same minimum insurance laws as cars in Texas, so we looked at car insurance data available from different sources to learn the average cost to insure a car in Texas. At the minimum coverages, the cost would average $524 a year.
If you add additional coverage, such as uninsured and underinsured motorist, comprehensive, and collision, your average cost could shoot up to $1,823 annually.
Insurance companies set premiums based on what they perceive to be their risk of having to pay a claim under the policy. Characteristics that may influence what you pay for insurance include the following:
- Your age and experience: A young, newly licensed rider will probably be viewed as a greater risk of causing an accident than a more mature rider who has been licensed for a number of years. Of course, there are exceptions, but crash data points to a higher accident rate for young motorists.
- Gender: Statistically, male drivers have more accidents than females.
- Frequency of use: The more miles you travel in a car or on a motorcycle, the more likely you are to be involved in an accident. Remember, accidents mean claims, and insurance companies do not want to pay claims. The more miles you ride over the course of a year may increase the cost of purchasing insurance coverage.
- Your driving record: Moving violations, including speeding, failure to signal, and stop sign or red-light violations equate to unsafe driving according to insurance companies. The same holds true for accidents. If you want to keep your insurance costs low, avoid accidents, and obey the traffic laws.
Where you live may influence how much you pay for motorcycle insurance. A motorcycle used and parked on the streets of Dallas or any of the other large cities in the state may cost more to insure than if you live in a rural or suburban area. The reason is that an insurance company may consider congested urban areas as having a higher risk of vandalism, theft, and accidents.