The Real Costs of Owning a Motorcycle

Motorcycles are thrilling, fast, fun, and convenient, but they aren’t exactly cheap. If you’re interested in owning one, then you probably want to be prepared budget-wise so that you’re not caught off-guard by any of the associated costs. This guide to the full costs of owning a motorcycle will help you to financially plan for your purchase.

The Bike Itself

A new motorcycle may be as cheap as $5,000 and as expensive as $35,000. Used motorcycles will cost significantly less than this, which can allow you to get a more elaborate model for cheaper. It’s helpful to buy your bike during the off-season when there are sales if you can.

Insurance & Licensing

Most jurisdictions require you to insure your motorcycle, and it’s still a good idea if it isn’t a legal requirement in your area. A typical insurance policy for a motorcycle may be between $200 and $500 per year; if you already have homeowners’ or car insurance, you might want to see if you can bundle your policies to save money. Meanwhile, licensing for motorcyclists can cost as little as $30.

Maintenance

Maintaining your motorbike is a necessity, and you can do many tasks at home to save some money, but you’ll likely still need professional assistance sometimes. Set aside at least $1,000 for maintenance needs.

Gear

Riding gear is crucial for motorcyclists. A full set of riding gear will set you back around $1,300, with waterproof or insulated gear costing more. Helmets can fall anywhere between $70 and $300, depending on what you’re after. You should also set money aside to replace your gear as it wears down; a helmet should be replaced after five years of riding or any impact event.

When you’re ready to check out a great selection of new and used motorcycles for sale, visit our Pennsylvania dealership in Upper Darby to see what we currently have in stock. Crossroad Powersports is proud to serve our customers in greater Philadelphia, PA, and Wilmington, DE.