The Cost of Motorcycle Ownership

The cost of owning a motorcycle involves more than purchasing your bike and riding it off the lot. There are many other one-time and recurring expenses to consider. It's important to have the full picture so that you can build the most realistic budget possible.

Here at Chicago Harley-Davidson® Wrigleyville, we strive to make your life easier. We created the following guide that covers the full cost of motorcycle ownership. For more information or to explore motorcycles for sale, visit our dealership. We are based in Chicago, Illinois, right across the street from Wrigley Field.

The Motorcycle's Sticker Price

The biggest expense is the motorcycle itself.

Beginner models tend to be the most budget-friendly. These motorcycles are simpler in design, weigh less, and will offer a lower performance potential. New beginner motorcycles usually cost between $5,000 and $10,000.

Advanced models will cost more due to their larger size, higher performance potential, and extra features. New motorcycles for experienced riders tend to cost between $10,000 and $35,000.

Used motorcycles will be much lower in price. Thanks to depreciation, they will be significantly less expensive than their new counterparts.

The Riding Gear

Before you can hit the road on a motorcycle, you will need to get the necessary safety gear.

First, you will need a helmet. But not any old helmet will do. It's important to get a well-fitting model in order to get the protection that you seek. Helmets tend to cost between $70 and $300. They should be replaced every five years or after an impact that can compromise their quality.

Other essential riding gear includes eye protection, hearing protection, sturdy footwear, and full-length outerwear. The total cost tends to be around $1,300.

The Insurance

Motorcycle insurance coverage tends to be between $200 and $500 a year. The insurance usually provides coverage in the event of motorcycle damage, theft, injury, and property damage. 

The License and Riding Courses

The application fee for a motorcycle license is usually around $30. A beginner's riding course is usually around $100. Some riders enjoy taking more riding courses in order to better their skills, which will be an additional expense.

The Fuel

The average motorcycle rider spends about $300 on fuel over the course of a year. If you get a more fuel-efficient motorcycle, your fuel costs will be even lower. 

The Maintenance

Maintenance costs tend to be around $1,000. The amount you'll pay depends on different factors.

First, the age of your motorcycle can greatly affect how much maintenance is required. Older models tend to be due for parts replacements soon.

Second, how often you ride. The more often you hit the road, the more that parts get worn down and will need replacements.

Ready to shop for motorcycles for sale? Explore the selection at Chicago Harley-Davidson® Wrigleyville. See the models online or at our dealership in Chicago, Illinois.