Choosing a motorcycle involves more than just finding the right type of bike to buy—it’s also about managing ongoing costs like insurance. Whether you’re a seasoned rider or a newcomer to the world of motorcycles, opting for a bike with low insurance premiums can save you significant money over time. I’ve put together a list of the ten cheapest motorcycles to insure in 2024.
1. Honda Grom
The Honda Grom consistently ranks as one of the most affordable motorcycles to insure and one of the best small motorcycles. Its small size, with a 125cc engine, makes it a favorite for urban commuting and beginner riders. Insurance providers often favor smaller engines due to lower risk factors associated with less powerful bikes.
Check it out at Honda’s website.
2. Kawasaki Z125 Pro
Similar to the Honda Grom, the Kawasaki Z125 Pro features a compact design and a 125cc engine (it’s one of the best bikes with a 125cc engine), which contributes to its low insurance costs. Its lightweight and agile nature also make it appealing for city riding.
Check it out at Kawasaki’s website.
3. Yamaha XT250
The Yamaha XT250 is renowned for its versatility, which makes it capable of tackling both on-road and off-road adventures. Its 249cc engine strikes a balance between performance and efficiency, translating into affordable insurance premiums.
Check it out at Yamaha’s website.
4. Suzuki DR200S
Ideal for beginners and commuters, the Suzuki DR200S offers simplicity and reliability with its 199cc engine. Its straightforward design and lower displacement contribute to its budget-friendly insurance rates.
Check it out at Suzuki’s website.
5. KTM 390 Duke
The KTM 390 Duke appeals to riders looking for a bit more power while still keeping insurance costs manageable. Its 373cc engine delivers spirited performance without compromising on affordability in insurance premiums.
Check it out at KTM’s website.
6. Royal Enfield Himalayan
As an adventure motorcycle, the Royal Enfield Himalayan stands out with its rugged capabilities and a 411cc engine. Despite its robust build, insurance rates remain competitive, making it an attractive option for adventure enthusiasts.
Check it out at Royal Enfield’s website.
7. Honda Rebel 300
Cruiser fans appreciate the Honda Rebel 300 for its classic styling and accessible insurance premiums. The 286cc engine strikes a balance between efficiency and power, ideal for everyday riding.
Check it out at Honda’s website.
8. Kawasaki Ninja 400
Sportbike enthusiasts can enjoy the Kawasaki Ninja 400, which is known for its sporty design and relatively low insurance costs. The 399cc engine provides exhilarating performance while maintaining affordability in insurance premiums.
Check it out at Kawasaki’s website.
9. Yamaha YZF-R3
Another sportbike contender, the Yamaha YZF-R3 combines agility with cost-effectiveness in insurance. Its 321cc engine appeals to riders seeking a blend of performance and practicality for daily use.
Check it out at Yamaha’s website.
10. Harley-Davidson Street 500
For those drawn to the iconic Harley-Davidson brand, the Street 500 offers style with budget-friendly insurance premiums. The 494cc engine caters to riders looking for comfort on city streets and highways alike.
Check it out at Harley’s website.
Why Are They the Cheapest Motorcycles to Insure?
Several factors contribute to these motorcycles being among the cheapest to insure:
- Engine Size: Smaller engines generally incur lower insurance premiums as they are perceived to pose less risk.
- Type of Motorcycle: Certain types, like cruisers and standard bikes, often have lower insurance costs compared to high-performance sportbikes.
- Safety Features: Models equipped with advanced safety features may qualify for discounts with insurance providers.
- Historical Data: Insurance companies analyze historical claims data for each model to assess risk, influencing premium pricing.
Choosing a motorcycle with affordable insurance premiums can significantly impact your overall ownership costs.
By opting for one of these ten models known for their budget-friendly insurance rates, riders can enjoy the thrill of riding while keeping expenses in check. Remember to shop around and compare insurance quotes to find the best coverage tailored to your specific needs and location.
