Motorcycle insurance covers damage to your motorcycle, other property and possible injuries. Most states require motorcycle insurance coverage and, depending on the rider, bike and location, annual premiums can range from a few hundred to a few thousand dollars.
If your motorcycle isn’t insured, or if you’re looking to switch providers, read on to learn more about the best motorcycle insurance companies on the market.
Why we chose it: Progressive includes accident forgiveness benefits on your motorcycle insurance policy, so your rates won’t increase if you have a claim of less than $500.
Progressive policies include accident forgiveness, choice of replacement parts, complimentary accessories coverage and deductibles that diminish the longer you remain a claim-free customer.
Progressive offers other add-ons that aren’t universal to the industry. For example, total loss coverage for new motorcycles provides up to $3,000 in coverage for items you carry along — which no other insurer on this list offers. On the other hand, enhanced injury protection provides coverage if you’re injured and can’t return to work ($250 per week for two years).
Why we chose it: Harley-Davidson is our best motorcycle insurance company for new riders. If you’re insuring your first bike, Harley-Davidson offers one-stop shopping for insurance, bike loans and extended service plans.
Harley-Davidson specializes in motorcycle insurance and related products, including parts, bike loans and planned maintenance insurance. New riders may pair these products and services with the company’s motorcycle safety course discount for additional savings.
The company’s range of motorcycle types covered and discounts offered are among the best on our list — rivaled only by Progressive. Besides all the standard coverage options, it also extends a decent array of add-ons like full replacement cost coverage in the case of a total loss and equipment replacement cost coverage for minor accidents.
Why we chose it: Foremost is our pick for the best motorcycle insurance company for track riders since it’s the only insurer on this list that will cover these particular customers. Trackday coverage will pay for motorcycle repairs/replacement in case of an accident while on the racetrack.
A subsidiary of Farmers Insurance, Foremost offers many of the same coverage, but with an improved online experience and better terms on its insurance products. For example, Foremost offers up to $10,000 in coverage for your transport trailer, whereas Farmers only covers up to $7,500.
The company has three coverage packages — Saver, Plus and Elite — that can be customized to fit your needs. All three plans include first-accident forgiveness and coverage for helmets and safety apparel, in amounts that vary by plan.
The Plus and Elite packages provide track-day coverage, replacement cost coverage and roadside assistance with towing and trip interruption. The Elite plan includes a diminishing deductible and enhanced permissive use (allowing others to drive your bike) rental benefits. This plan also covers vintage, custom and low-speed vehicles.
Why we chose it: Markel is the best motorcycle insurance company for mechanical breakdowns, since it’s the only insurer on our list that covers repairs to components that fail, even if a crash doesn’t trigger the failure.
Markel stands out for its accident forgiveness (which includes an option to cover your first at-fault loss after four years accident-free) and diminishing deductible (get 25% off each year and pay nothing after four years) programs.
The company also offers all the standard motorcycle coverage options of most larger insurers, such as collision, comprehensive and medical payments, and some unique extras.
Extra add-ons and benefits include an agreed-value settlement for custom bikes and coverage for mechanical failures, trailers and funeral expenses arising from a motorcycle accident. Both the agreed-value settlement and funeral expenses cover final costs up to a predetermined amount for any insured person riding an insured bike.
Why we chose it: High coverage maximums and the option to add as many as 12 specialized motorcycles onto a single policy make Nationwide our pick for the best insurer for motorcycle collections.
Nationwide offers some of the highest coverage limits and a free annual policy review. Besides Progressive, it’s the only company offering $500,000 per person, per accident for bodily injury liability and uninsured/underinsured motorist coverage.
Nationwide includes a vanishing or diminishing deductible feature with its collision and comprehensive policies, so your deductible can go down by $100 every year you go without filing a claim for up to a maximum of $500.
While other insurers extend coverage for custom bikes and trikes (three-wheeled motorcycles), Nationwide is among the few that allow you to insure up to 12 vehicles under one policy for a maximum coverage amount of $30,000 for custom parts and $50,000 per bike, plus trailer coverage.
Why we chose it: Safeco is our best motorcycle insurance company for homemade and kit motorcycles because it’s the only insurer we found that provides coverage for select bikes.
Safeco is a Liberty Mutual company offering all the standard insurance options for a broad range of motorcycle types, including coverage for homemade and kit bikes. It also includes roadside assistance with all its plans, and guaranteed manufacturer parts repair with comprehensive and collision coverage.
Beyond these perks, Safeco offers a limited number of discounts and additional coverage options. For example, the Safety Apparel Coverage reimburses the replacement cost of your protective gear, and the Harley Davidson Replacement Cost Provision pays the actual cash value of your Harley if it’s involved in a total loss accident.
Since the company is primarily agent-based, you must call in if you want to get a quote or more information.
USAA is recognized for its excellent customer service ratings and dedication to military service members. Insurance through USAA is limited to members of the U.S. Armed Forces or their relatives. However, USAA sells motorcycle insurance from Progressive, so prospective customers are encouraged to read our Progressive review for coverage details but to seek a quote from USAA, since discounts may differ.
Geico only extends motorcycle insurance coverage to cruisers, sports and touring bikes, custom motorcycles and mopeds. It offers all the standard protection plus roadside assistance and accessories coverage, just like the other companies on this list.
Farmers offers three pre-packaged yet customizable plans — the Saver, the Plus and the Elite. Each plan comes with a different level of coverage, and options are available for custom, vintage and slow-speed vehicles such as golf carts. You can also purchase any of these plans through Farmer’s subsidiary, Foremost, which does a better job presenting coverage details on its site.
Allstate offers insurance for bikes, trikes and scooters but doesn’t state whether it covers other motorcycle types. Besides all the discounts and coverage options you can expect from a motorcycle insurer, Allstate provides loan/lease gap coverage, coverage for damaged motorcycles and off-road transport trailers, extended protection for new motorcycles and first accident forgiveness for eligible policyholders.
Dairyland’s Physical Damage Plus coverage pays to repair your damaged bike with original equipment manufacturer (OEM) replacement parts, a great coverage option but one that several other insurers on this list also offer or include with their comprehensive and collision policies. Besides standard coverage and its Physical Damage plus add-on, Dairyland sells bike replacement cost coverage and provides a Harley Owners Group member discount.
Motorcycle insurance covers damage to your vehicle, your passengers and other property in the event of an accident. Most states — except Florida, Montana and Washington — require riders to hold some type of liability coverage.
However, even if motorcycle insurance is not legally mandated where you live, it’s a good idea to have some coverage, especially considering you would be liable for damages resulting from an accident in which you are at fault.
To find the best motorcycle insurance policy for your budget and your bike, it pays to understand the different motorcycle insurance options available.
The most common types of coverage included with motorcycle insurance are:
These policies protect you financially against bodily injury and property damage liability lawsuits in the event of an accident involving another person. Some insurers, such as Farmers and Allstate, also include guest passenger liability coverage or sell it as a separate add-on.
Collision coverage will pay to repair or replace your bike if you’re in an accident with another vehicle. This policy does not cover damages you cause to other vehicles or medical payments (whether yours or another driver’s).
The cost of premiums for collision coverage will partly depend on the deductible you choose, which is the portion you must pay out of pocket toward a covered claim. Like with any other type of insurance, the higher your deductible, the lower your premium.
Also known as “other than collision” coverage, this policy covers your vehicle against damages caused by theft, vandalism, or fire. As with collision insurance, you must pay a deductible of your selection before coverage kicks in.
Most comprehensive and collision policies only cover original factory parts. Coverage for custom motorcycle parts considers permanent additions to your bike, including sidecars, chrome parts and custom paint jobs.
Damage to accessories like saddlebags, trunk boxes, CB radios, or other optional equipment that is added to the motorcycle are not always covered by standard motorcycle insurance. To protect these items, look for accessories or equipment coverage. This also applies to safety apparel like helmets and goggles.
Protects you and your property if you’re in a collision with someone who has insufficient insurance coverage or doesn’t have insurance at all. UM/UIM insurance can cover lost wages, medical bills, and, in some cases, property damage. Some states might legally require you to add uninsured motorist coverage.
If your bike is totaled, the insurance company will help you purchase a new one or pay off the loan on the bike if it is still due. This is optional coverage with almost all insurers.
Other forms of insurance, such as homeowners insurance, umbrella insurance and renters insurance, can help cover you, your motorcycle, or your belongings.
You may also consider Money’s list of the best life insurance companies.
As with car insurance, almost every state has motorcycle insurance liability requirements including property damage and bodily injury liability if you’re in an at-fault accident.
Below, we’ve organized insurance requirements by state.
If you live in a state requiring motorcycle insurance, getting your new bike insured is essential before you drive on the open road.
In states where motorcycle insurance is not required by law, you can opt to buy coverage later, but you risk being liable for costs related to any accident in which you are involved.
As a general rule, standalone dirt bike insurance isn’t required if you’re only riding it on private property or a racetrack. If you’re using your dirtbike to ride on public roads, you may be required to insure your bike if the state you live in requires insurance for all road vehicles (such as Arizona.)
You should also keep in mind that not all states allow dirt bikes to ride on public roads. You can check your state’s DMV or DoT website to check if dirt bikes are considered street legal and what is required to make your model compliant if it currently isn’t.
The following information can aid you in choosing the right policy and amount of coverage for you. It also sheds light on state laws regarding helmet use.
The coverage you should get for your motorcycle depends on your state’s legal requirements and personal needs. Most states require you to get two types of liability insurance: property damage and personal injury protection coverage.
You can also add other forms of protection that aren’t required by law, including comprehensive coverage, uninsured/underinsured motorist coverage and coverage for custom parts.
The Centers for Disease Control and Prevention (CDC) states that helmets reduce motorcycle rider fatalities by 22% to 42% and brain injuries by 41% to 69%. However, helmet laws in the United States vary widely by state.
According to the Insurance Institute for Highway Safety, states where helmet laws only apply to some riders have higher injury and mortality rates than those where helmet regulations apply to all riders.
Also, make sure to wear US DOT-approved helmets. In the event of an accident, insurers will inquire about the type of helmet you were wearing. Your insurance provider could deny your claim if you were not wearing a helmet or if the helmet was not approved by the US Department of Transportation (USDOT).
With the recent and constant increases in gas prices, buying a motorcycle can be a good way to save money on your commute. However, it’s not the only tactic that can help relieve pressure on your wallet. Read our article on how people are combating high gas prices to find out more.
If you’re already a motorcycle owner and are still struggling with your gas expenses, you can also read our article on how to save money on gas for even more tips on how to navigate the current situation.
Some online sources claim the average motorcycle insurance premium in the United States is under $300 per year, while others cite figures upward of $700 and well over the $1,000 mark for full coverage (comprehensive and collision).
However, the truth is that motorcycle insurance costs vary widely depending on factors such as the coverage level you choose, your driving record, habits, personal details (location plays a big part), and the age and make of your motorcycle.
Generally, motorcycle insurance is cheaper than car insurance. Of course, actual premiums will depend on the bike you ride and the level of coverage you select, among other factors.
This can also apply to motorcycle parts, vehicle replacement costs and SR22 insurance for drivers who have had a DUI or other major violation.
The best motorcycle insurance company for you will depend on your budget, the coverage level, the bike you ride, and even where and when you ride. For example, not all insurers cover vintage motorcycles or race bikes, and coverage options and levels vary by company.
If you have a custom bike or one with many accessories, look for a company offering higher coverage limits for these features. If you hit the track every so often or want year-round coverage with no lay-up period, look for insurers providing these options.
You can get a motorcycle policy from your company of choice either online or over the phone.
Alternatively, you can reach out to an independent insurance agent who sells insurance from several carriers. This could be an option if you don’t know where to start or don’t want to go through the process of gathering and comparing quotes yourself.
Motorcycle insurance works similarly to car insurance in that it serves as a form of financial protection against liability lawsuits in case of an at-fault accident. Depending on your selected policies, it may also cover damages or losses due to theft, vandalism, falling objects, or hazards such as fires, floods and hail.
For comprehensive or collision coverage, you will need to pay a deductible before the insurance kicks in. For example, if your deductible is set to $500 and motorcycle repairs due to a collision amount to $2,000, you’d have to pay $500 out of pocket for the insurer to cover the remaining cost, up to the limits of your policy.
To find the best motorcycle insurance companies, we looked at: