See If You Qualify for Lower Rates
Like any other vehicle, motorcycles require insurance coverage to safeguard against potential road risks. At TrySmartly, we've streamlined the insurance search process to make it simple, fast, and free.
TrySmartly can help you make smarter insurance decisions to safeguard your ride, so you can focus on what matters most – hitting the open road with confidence.
Here are some of the most common coverage options for motorcycle owners:
This coverage helps pay for medical expenses and legal fees if you cause an accident and someone gets injured. It doesn't cover your injuries but rather the injuries of any other parties involved. This type of motorcycle coverage is required in most states.
This coverage helps pay for repairs or replacement of another person's property if you cause an accident. It doesn't cover damage to your motorcycle but rather the damage you might inflict on someone else's vehicle or property. This type of coverage is required.
This coverage pays for damage to your motorcycle resulting from incidents other than collisions, like fire, theft, or vandalism. Comprehensive coverage is optional.
This coverage pays for damage to your motorcycle in case of an accident, regardless of who’s at fault. Collision coverage is optional.
This provides protection if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to cover your expenses. This coverage is also optional.
This covers necessary medical treatment for you and your passengers if you’re injured in a motorcycle accident, regardless of who’s at fault. This coverage is also optional.
Having all these coverages is what constitutes a full coverage policy. Some people may want to also add extra protection, such as roadside assistance, trip interruption, and custom parts coverage. These optional benefits can add cost to your premium but offer additional protection and peace of mind.
Choosing the best motorcycle insurance isn't solely about finding the cheapest rates but rather identifying providers offering comprehensive coverage and exceptional customer service that fit your budget.
This table summarizes some best motorcycle insurance companies in the market:
| Insurance Company | Policy Highlights | Average Monthly Premium* | A.M Best Rating | Discount Options |
|---|---|---|---|---|
| Markel |
|
$69 | A |
|
| USAA** |
|
N/A | A++ |
|
| Progressive |
|
$52 | A+ |
|
| Harley Davidson |
|
$100 | N/R |
|
| Nationwide |
|
$49 | A+ |
|
Through TrySmartly, you can gain insight into the policy options, average premiums, and discounts from top providers. You may find coverage options that fit your needs and help you save.
To guide you in your search, here's a recap of some of the cheapest companies in the industry:
| Insurance Provider | Average Monthly Premium | Average Yearly Premium |
|---|---|---|
| Nationwide | $49 | $588 |
| GEICO | $51 | $612 |
| Progressive | $52 | $624 |
| Markel | $69 | $828 |
| Allstate | $71 | $852 |
| Dairyland | $73 | $876 |
Coverage options for motorcycles and other vehicles differ, but most companies offer discounts for buying protection on multiple vehicles. Bundling auto and motorcycle coverage can help you save money and streamline your payment and claims process.
Here are some of the best and cheapest auto and motorcycle insurance bundles:
| Insurance Company | Bundling Discount | Motorcycle Coverage Highlights | Auto Coverage Highlights |
|---|---|---|---|
| Geico | Up to 5% |
|
|
| Progressive | Up to 10% |
|
|
| Liberty Mutual | Up to 10% |
|
|
| Nationwide | Up to 10% |
|
|
Liability-only insurance provides protection only for injuries and damage you cause to others and is usually the only state-required protection type.
On the other hand, full coverage refers to having additional collision and comprehensive coverage. While considering various companies, Dairyland stands out for its extensive options and reputation.
A.M. Best Rating
A+
Average monthly cost for full motorcycle coverage
$73
Renowned for its extensive coverage options and competitive prices, Dairyland can be a good choice for motorcyclists seeking robust liability and full coverage motorcycle insurance. Even though it may be a little more expensive than other companies on our list, it may be suitable for those who ride frequently and need comprehensive coverage.
Coverage Options: Dairyland offers the following coverage options for motorcyclists:
Discounts: Some of the discount options at Dairyland include:
Average Price: Dairyland’s average cost for full motorcycle coverage is about $73 monthly.
TrySmartly provides you with the resources to make smarter insurance decisions. You may find a motorcycle coverage option that saves you money without sacrificing safety. Here are some other top full coverage motorcycle insurance providers:
| Insurance Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| GEICO | $612 | $110 |
| Progressive | $52 | $624 |
| Nationwide | $49 | $593 |
| Allstate | $71 | $854 |
Custom motorcycles often feature personalized modifications, aftermarket parts, and specialized paintwork. These additions may need extra coverage. For these upgraded bikes, Progressive can provide comprehensive protection.
A.M. Best Rating
A+
Average monthly cost for full motorcycle coverage
$52
Progressive's coverage options make it an attractive choice for custom motorcycles. Many of their coverage options for custom bikes come at no extra cost. For instance, Progressive’s full replacement cost coverage is included in all its policies.
Coverage Options: Progressive’s motorcycle coverage options include the following:
Discounts: Progressive offers the following list of discounts to potential policyholders:
Average Price: The average cost for a full motorcycle coverage policy is approximately $52 per month.
A.M. Best Rating
A+
Average monthly cost for full motorcycle coverage
$52
Vintage motorcycles typically require special assistance and insurance, as they may deal with rare and hard-to-find parts. Foremost stands out as a preferred choice due to its specialized coverage tailored to vintage or special-edition motorcycles. They cover bikes 25 years old or older and special-edition bikes with more than $30,000 of customization.
Coverage Options: Foremost offers the following types of coverage for vintage motorcycles:
Discounts: Foremost provides the following discounts for motorcycle insurance:
Average Price: The average quote of Foremost’s full coverage motorcycle insurance is about $88 monthly.
If you plan to explore other countries on your motorcycle, consider opting for international motorcycle insurance.
International motorcycle insurance policies typically offer similar coverage options as domestic ones, such as liability coverage, collision and comprehensive coverage, and more. However, navigating the international landscape can sometimes be challenging due to differing laws, regulations, and requirements between countries. Here are a few points to consider:
Ensure that your driver’s license and motorcycle registration are valid and recognized in the countries you plan to visit. Some countries require an International Driving Permit with a motorcycle endorsement in addition to your home country’s license.
Insurance laws vary greatly by country. Some countries require specific types of insurance, like full coverage, while others might have more relaxed rules.
Some domestic insurers offer short-term international motorcycle insurance policies for specific trips. However, if you plan to stay abroad for a long time, you might consider contacting local insurance policies to search for long-term protection.
Understand how to file a claim while abroad and what assistance is available from your insurer in case of an accident.
Your premiums may be affected by factors like your destination, the duration of your trip, the type of motorcycle you’re riding, your riding experience, and more.
Motorcycle insurance rates depend on a range of factors, including:
The make, model, and year of the bike can significantly impact the cost. High-performance or luxury bikes like sports or touring bikes typically cost more to insure due to the increased replacement and repair costs.
Younger riders are often considered high-risk because of their lack of experience. As a result, they typically have higher premiums.
Motorcycle insurance rates may vary based on your state and ZIP code. Areas with high traffic, claims, underinsured and uninsured drivers, and theft rates typically have higher insurance rates.
Riders with more experience typically pay less for their premiums. Others with a history of tickets, claims, and traffic violations typically pay higher premiums.
Some insurers may also use your credit score to quote you. Drivers with lower credit scores tend to have higher rates. However, this is illegal in some states.
The types and amount of coverage you choose will significantly affect the price. More coverage and higher limits typically cost more.
Motorcycle insurance costs vary significantly depending on the aforementioned factors and the insurance company you find coverage through.
The national average motorcycle insurance rate is $178 per month. However, some states may have higher rates due to weather-related incidents, rates of claims, traffic congestion, and number of uninsured or underinsured drivers.
This table summarizes the average monthly and annual motorcycle insurance premiums in eight U.S. states:
| State | Average Monthly Premium* | Average Annual Premium |
|---|---|---|
| California | $514 | $6,492 |
| Florida | $159 | $1,908 |
| Illinois | $117 | $1,404 |
| New York | $168 | $2,016 |
| Ohio | $97 | $1,164 |
| Pennsylvania | $151 | $1,812 |
| Texas | $161 | $1,932 |
| Wisconsin | $60 | $720 |
Motorcycle insurance rates also vary by company based on how they analyze your personal factors and determine risk. Here's how rates can vary by provider and type of bike:
| Insurance Company | Standard Bike Annual Premium* | Sports Bike Annual Premium | Touring Bike Annual Premium |
|---|---|---|---|
| Progressive | $398.07 | $2,083.55 | $1,101.18 |
| Geico | $408.65 | $2,171.65 | $893.43 |
| Dairyland | $424.81 | $1,363.97 | $862.90 |
| Allstate | $669 | $3,171 | $1,471 |
*The premiums are estimated based on minimum coverage with limits of $30,000 for bodily injuries per person, $60,000 for bodily injuries per accident, and $24,000 for property damage.
If you still have some unanswered concerns, here are some frequently asked questions:
Liability-only coverage for motorcyclists might be suitable in the following situations:
Full coverage insurance for motorcyclists might be suitable in the following situations:
You can use several strategies to potentially lower your motorcycle insurance quotes. Some of them include:
Navigating the world of motorcycle insurance can be complex, with numerous factors influencing your coverage and cost. From the type of bike you ride, your riding history, or the coverage level you choose, all of these will have a say in your search for cheap motorcycle insurance.
TrySmartly serves as your ally in the quest for insurance quotes. With TrySmartly’s resources, you can make smarter insurance decisions that could save you money. Ready to save? See the difference when you explore your options now.