Does insurance for a motorcycle cheaper the older the bike compared to a new one?

Guy asked:

I 24 yrs old and i am looking to buy my first bike. Insurance is very pricey for a young buck. If i was to buy an older model motorcycle would insurance be cheaper.

Reply:

I guess that would depend upon what company you go with. purchase antibiotics online I know I have our race bikes insured and my oldest son who doesn't race as much anymore has a 2 year old crf250r. The insurance is less on his bike than his brothers new race bikes with all the added extras as we usually have to state how much the bikes would be worth for replacement cost.