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What's the Average Cost of Motorcycle Insurance? The average cost of bike insurance in today's market is around $1,176 per year for an all encompassing policy. But the price you pay for auto insurance varies depending on your various types and levels of coverage. Here's a short explanation of each type of cover that you can get from an insurance provider. Liability insurance covers the damage done by other drivers who have been reckless enough to get into accidents with you. Most companies will offer liability insu