Great News! I bought another motorcycle!

[chopper]

huh? insurance gets cheaper as you get older???

I would imagine insurance is expensive when you are young (no experience, some teenagers / young adults are also less careful) and when you get older (slower reflexes, poor vision, etc). But maybe I am wrong.

Disclaimer: I am not an insurance agent or adjuster, just a consumer. 

Insurance is not based on age. It is based on statistics of insurable items or events, and thus potential losses due to negative outcomes. Statistics, probability, and risk. Certain age groups may correlate with higher risk (think teenagers and subpar driving performance such as speeding, DUI, etc.) and thus the company will charge more to cover the risk, since they have a higher incidence of having to pay out. People often conflate the two (age, and risk) since they are correlated, but they are not causative. Plenty of young adults are responsible drivers; plenty of old people are also careful drivers. There are enough, however, to raise the risk on a population level to affect everyone in the population. 

I have a property that has never had a claim on it in all the time I have held it, about 17 years now. Recently insurance dropped coverage because I live in a riskier location—central Oklahoma where we have had quite a few smaller tornadic events, but enough to increase losses in this area. There may be some other companies who may cover it, but it’s going to be expensive. We are not yet in the uninsurable situation yet.

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Yeah for sure you are not an agent. Conflate, causative and correlated in one posting.

Your house in OK is uninsurable because it is high risk. Kind of like my 19 year old neighbor with an accident and a DUI who, if he can get car insurance, it costs $700 a month. Meanwhile I am old, have three speeding tickets on my record, have had a major claim within the last year etc etc yet I can insure a street motorcycle with very high liability etc limits for $31 a month. Liability only for $11.

Progressive: insurance


State Farm: insurance