Everything You Need to Know Before Buying a Motorcycle

The Real Cost of Ownership
It’s not a surprise that when gas prices spike during the warmer months, so do motorcycle sales. And while it’s true that some motorcycles do get better gas mileage than cars, and that they’re often cheaper to buy, the fact is that the cost of bike ownership goes way beyond the MSRP and price at the pump:

The Bike
Motorcycle prices can vary wildly, but on average, if you’re buying a new motorcycle fit for a beginner, you’re probably spending anywhere between $5,000 and $10,000.

Insurance
If you are over 25 and have a spotless driving record, you can get a pretty decent rate on insurance, possibly under $500 a year. Unfortunately, there’s a lot more involved than simply your age and driving record—the population density of where you live, the theft rate of the bike model, whether Christmas falls on a Tuesday…when it comes to insurance, it’s Thunderdome. Shop around, obviously, but just know that you’re definitely going to shell out some cash.

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