Introduction
Riding a motorcycle brings unmatched freedom and excitement, but it also comes with unique risks that make motorcycle insurance essential. This specialized coverage protects you financially from accidents, theft, and damage while ensuring you meet legal requirements for road operation.
Motorcycle insurance serves as your safety net, covering:
- Medical expenses from accidents
- Property damage to your bike
- Liability protection for injuries to others
- Coverage for custom parts and accessories
- Protection against uninsured motorists
The right insurance provider can make a significant difference in your riding experience and peace of mind. Whether you’re cruising on a Harley-Davidson, racing a sports bike, or restoring a vintage motorcycle, finding the perfect coverage at competitive rates is crucial.
We’ve researched and analyzed the market’s top providers to bring you the 7 best motorcycle insurance companies of the year. Our selection covers various needs and preferences, from budget-friendly options to premium coverage packages.
Each provider in our list offers unique benefits:
- Specialized coverage options
- Competitive pricing structures
- Excellent customer service
- Flexible payment plans
- Valuable add-on features
In this comprehensive guide, you’ll discover detailed insights about Progressive, GEICO, Markel, Harley-Davidson, Dairyland, Foremost, and SafeCo insurance providers. We’ll explore their strengths, pricing models, and specific features to help you make an informed decision for your motorcycle insurance needs.
How We Selected the Best Motorcycle Insurance Providers
Our selection process focused on three critical factors that directly impact riders’ experiences with insurance providers:
1. Coverage Options
We assessed the range of coverage options offered by each provider, including:
- Basic liability coverage for property damage and bodily injury
- Comprehensive coverage for non-collision incidents
- Collision coverage for accidents
- Optional add-ons like roadside assistance and gear protection
- Specialized coverage for custom parts and modifications
2. Pricing Structure
We analyzed the pricing structure of each provider, considering factors such as:
- Base premium rates
- Available discounts and savings opportunities
- Multi-bike policy options
- Seasonal rate adjustments
- Payment flexibility
3. Customer Service Quality
We evaluated the quality of customer service provided by each insurer, looking at aspects like:
- Claims processing efficiency
- 24/7 support availability
- Mobile app functionality
- Online account management
- Policyholder satisfaction ratings
Your personal circumstances play a crucial role in selecting the right provider. Consider these factors:
- Bike Type: Sport bikes typically demand higher premiums than cruisers
- Riding Experience: New riders face different coverage needs than veterans
- Usage Pattern: Daily commuting vs. weekend recreational riding
- Storage Location: Garage parking vs. street parking
- Geographic Area: Urban vs. rural riding environments
State Requirements
Most states mandate minimum insurance coverage:
- Bodily injury liability: $25,000 per person/$50,000 per accident
- Property damage liability: $10,000 per accident
Some states require additional coverage:
- Personal injury protection
- Uninsured/underinsured motorist coverage
- Medical payments coverage
We evaluated each provider’s ability to meet or exceed these state requirements while offering competitive rates and comprehensive coverage options.
1. Progressive Motorcycle Insurance
Progressive has been a leading name in the motorcycle insurance industry since 1971, providing coverage for riders across the country. With their extensive experience, they offer a wide range of coverage options designed to meet the unique needs of every rider.
Coverage Options:
- Liability Insurance: Protects against damage caused to others in an accident.
- Collision Coverage: Covers the cost of repairs to your motorcycle after an accident.
- Comprehensive Coverage: Guards against theft, vandalism, and damage caused by weather events.
- Personal Injury Protection: Handles medical expenses for you and your passengers in case of an accident.
- Uninsured/Underinsured Motorist Coverage: Safeguards you against drivers who do not have insurance or whose insurance is insufficient.
One of the standout features of Progressive’s motorcycle insurance is their flexible policy adjustments for seasonal riders. This means that if you only ride during certain months of the year, you can adjust your coverage during off-seasons to reduce premium costs while still maintaining basic protection.
Additional Benefits:
Progressive offers several additional benefits that set them apart from other insurance providers:
- Enhanced Injury Protection: If you’re unable to work due to covered accidents, this feature pays $250 per week.
- Custom Parts and Accessories Coverage: Their policy includes coverage for custom parts and accessories up to $3,000 without any additional cost.
- Total Loss Coverage: In case of a total loss, this option provides full motorcycle replacement at actual cash value plus an additional 25% toward buying a new bike.
- Mobile App Convenience: The company’s mobile app allows quick access to policy information, digital ID cards, and claim filing capabilities. You can also request roadside assistance, track claims, and manage payments directly through their digital platform.
Advantages:
Progressive offers several advantages that make them a popular choice among motorcycle riders:
- 24/7 claims service for immediate assistance
- Extensive network of repair shops for convenient repairs
- Multiple discount opportunities such as:
- Safety course completion
- Multiple vehicle policies
- Responsible driver discounts
- Paid-in-full discounts
- Original equipment manufacturer (OEM) parts coverage for repairs using factory-made parts
- Accident forgiveness for small claims where your rates won’t increase
Potential Drawbacks:
While Progressive has many benefits, there are also some potential drawbacks to consider:
- Rates can increase significantly after accidents, especially if you’re deemed at fault.
- Some specialized coverage options may cost extra depending on your needs.
- Coverage costs can vary widely by location due to state regulations and risk factors.
- Certain discounts may have limited availability in specific states.
Overall, Progressive stands out as a top choice for motorcycle insurance with its comprehensive coverage options tailored to meet diverse riding needs. Their flexible policy adjustments for seasonal riders and additional benefits like Enhanced Injury Protection further enhance their appeal among motorcyclists looking for reliable protection on the road.
2. GEICO Motorcycle Insurance
GEICO stands out in the motorcycle insurance market with its competitive pricing structure. A comparison across multiple states reveals GEICO’s rates often fall 15-20% below industry averages, making it an attractive choice for budget-conscious riders.
The company’s basic coverage starts at $88 per year for minimum liability protection. Your actual rates depend on factors like:
- Your motorcycle’s make and model
- Your riding experience and history
- Your location and storage situation
- Your annual mileage
- Your chosen coverage limits
Discounts Offered by GEICO
GEICO’s discount program sets it apart from other providers. You can reduce your premium through:
- Safety Course Completion: Up to 10% off for completing approved motorcycle safety courses
- Multi-Bike Discount: Save by insuring multiple motorcycles
- Multi-Policy Discount: Bundle your motorcycle insurance with auto, home, or other GEICO policies
- Mature Rider Discount: Available for experienced riders over 50
- Renewal Discount: Loyalty rewards for maintaining your policy
- Anti-Theft Device Discount: Installing approved security systems
Pros and Cons of GEICO Motorcycle Insurance
Pros of GEICO Motorcycle Insurance:
- User-friendly mobile app and online platform
- 24/7 customer service availability
- Quick quote process
- Extensive discount options
- Strong financial stability (A++ rating from AM Best)
Cons of GEICO Motorcycle Insurance:
- Limited customization options compared to specialized providers
- No OEM parts guarantee
- Coverage gaps for custom bikes
- Limited mechanical breakdown coverage
- No specific vintage bike programs
Coverage Options Provided by GEICO
GEICO’s coverage options include standard protections like liability, collision, and comprehensive insurance. Additional options feature:
- Guest passenger liability
- Medical payments coverage
- Personal injury protection
- Accessories coverage up to $3,000
- Roadside assistance
- Towing and labor costs
The company’s streamlined claims process allows you to file and track claims through their mobile app or website, with most claims processed within 48 hours.
3. Markel Motorcycle Insurance
Markel stands out in the motorcycle insurance market with specialized coverage options designed for riders who own multiple bikes. Their multi-vehicle discount program offers substantial savings – up to 25% off your premium when insuring three or more motorcycles under a single policy.
Key Features:
- Mechanical breakdown coverage for repair costs
- Trailer coverage up to $10,000
- Diminishing deductible that reduces by 25% each claim-free year
- Rental reimbursement during repairs
- Coverage for custom parts and accessories
The mechanical breakdown coverage sets Markel apart from standard providers. This feature functions like an extended warranty, covering repair costs for engine, transmission, and other critical components that fail due to normal wear and tear.
Pros:
- Specialized coverage for vintage and custom motorcycles
- No depreciation deduction on parts for bikes up to 2 years old
- Flexible payment plans with low down payments
- Coverage available for track days and racing events
- 24/7 claims service with dedicated motorcycle specialists
Cons:
- Higher premiums compared to basic insurance providers
- Limited availability in some states
- Fewer local agents than larger insurance companies
- Online quote system can be complex
Markel’s diminishing deductible feature rewards safe riders by reducing their deductible by 25% each year they remain claim-free. This benefit can lead to significant savings over time, particularly for experienced riders with clean records.
The trailer coverage option protects your investment when transporting your bike. This includes coverage for both attached and detached trailers, protecting against theft, damage, and liability issues during transport.
For riders seeking comprehensive protection beyond basic liability coverage, Markel offers additional options:
- Funeral expense coverage
- Trip interruption benefits
- Emergency towing and roadside assistance
- Medical payments coverage
- Uninsured/underinsured motorist protection
Markel’s policy flexibility allows you to customize coverage based on your specific needs and riding habits. You can adjust coverage levels seasonally or based on usage patterns, helping manage premium costs while maintaining appropriate protection.
4. Harley-Davidson Motorcycle Insurance
Harley-Davidson motorcycle insurance stands out with its specialized coverage designed exclusively for Harley riders. The provider understands the unique needs of Harley owners, offering replacement cost coverage for customizations that surpass standard insurance policies.
Key Features of Harley-Davidson Insurance:
- Custom parts coverage up to $3,000 included at no extra cost
- Optional coverage available for custom parts valued up to $30,000
- Genuine Harley-Davidson parts guaranteed for repairs
- 24/7 roadside assistance with no mileage restrictions
- Rental reimbursement coverage during repairs
The provider’s replacement cost coverage sets it apart from competitors. While standard policies typically factor in depreciation, Harley-Davidson insurance pays the full cost to replace your bike with a new model if it’s totaled within the first year.
Rental Coverage Benefits:
- Up to $500 reimbursement for rental vehicles
- Coverage for both motorcycles and cars
- No daily limit restrictions
- Available during covered repairs
The roadside assistance program includes:
- Towing to the nearest authorized repair facility
- Fuel delivery service
- Battery jump-start assistance
- Flat tire assistance
- Lost key recovery
Pros of Harley-Davidson Insurance:
- Specialized knowledge of Harley motorcycles
- Extensive customization coverage
- Guaranteed OEM parts for repairs
- Comprehensive roadside assistance
- Flexible payment options
Cons of Harley-Davidson Insurance:
- Higher premiums compared to standard providers
- Limited coverage for non-Harley motorcycles
- Coverage may not be available in all states
- Fewer bundling options than major insurers
The provider’s partnership with Harley-Davidson dealerships streamlines the repair process, ensuring your bike receives expert care from certified technicians. You can also earn additional discounts through H.O.G. membership and by completing approved rider safety courses.
For those who also own RV or boat vehicles, bundling these insurance policies with your motorcycle insurance could lead to significant savings and convenience.
5. Dairyland Motorcycle Insurance
Dairyland Motorcycle Insurance is a great option for high-risk riders who have difficulty finding affordable coverage. They focus on riders with previous accidents, violations, or limited riding experience.
Rate Comparison
- Base rates start 15-20% lower than industry averages
- Flexible payment plans with low down payments
- Multiple discount options for safety course completion
- Special rates for riders over 50
The company’s commitment to serving high-risk riders doesn’t compromise their service quality. A recent customer survey revealed an 89% satisfaction rate with their claims process, highlighting their efficient handling and fair settlements.
“After two accidents with my previous insurer, I couldn’t find affordable coverage anywhere. Dairyland not only accepted me but offered rates I could actually afford.” – Mike R., Customer since 2021
Standout Features
- 24/7 claims service
- Physical damage plus coverage
- Replacement cost coverage
- Special equipment coverage up to $15,000
Pros:
- Accepts riders with poor driving records
- Competitive rates for high-risk categories
- Quick claims processing (average 5-7 days)
- Flexible payment options
- Extensive coverage options
Cons:
- Limited availability in some states
- Higher rates for standard-risk riders
- No bundling discounts with other insurance types
- Mobile app functionality needs improvement
Dairyland’s claims process receives consistent praise from policyholders. Their dedicated motorcycle claims team understands the unique aspects of motorcycle accidents and repairs. The company maintains partnerships with specialized repair shops across the country, ensuring quality repairs with genuine parts.
Their physical damage plus coverage offers an extra layer of protection, covering custom parts and accessories without additional endorsements. This comprehensive approach makes Dairyland particularly attractive for riders with modified bikes who might face coverage limitations with standard insurers.
The company’s online portal allows easy policy management, though some users report occasional technical issues. Their customer service representatives receive specialized training in motorcycle insurance, providing informed assistance for coverage questions and claims guidance.
6. Foremost Motorcycle Insurance
Foremost Insurance stands out in the motorcycle insurance market with its specialized coverage for unique and vintage motorcycles. Their policies cater specifically to collectors and enthusiasts who own custom bikes, antique motorcycles, or rare models.
Specialized Coverage Options:
- Original Equipment Manufacturer (OEM) parts coverage
- Agreed value coverage for vintage motorcycles
- Custom parts and equipment protection up to $15,000
- Restoration coverage during repairs
- Optional towing and roadside assistance
Foremost’s vintage motorcycle coverage recognizes the true value of classic bikes. Their agreed value policy ensures you receive the full insured amount without depreciation in case of a total loss. This feature proves particularly valuable for collectors with rare or appreciating motorcycles.
Policy Benefits for Niche Riders:
- Flexible usage options for seasonal riders
- Coverage for bikes under restoration
- Optional spare parts coverage
- Show and display insurance
- Multiple bike discounts
The company’s understanding of vintage motorcycle ownership translates into practical benefits. You can pause coverage during winter storage while maintaining comprehensive protection, saving money during off-season months.
Pros:
- Specialized knowledge of vintage and custom motorcycles
- Flexible coverage options for different riding patterns
- Strong reputation in the collector motorcycle community
- Comprehensive spare parts coverage
- Expert claims adjusters familiar with vintage bikes
Cons:
- Higher premiums compared to standard motorcycle insurance
- Limited availability in some states
- Strict documentation requirements for agreed value policies
- Fewer bundling options than major insurers
Foremost’s online quote system allows you to specify unique features of your vintage motorcycle, ensuring accurate coverage valuation. Their claims process includes specialized adjusters who understand the nuances of classic bike restoration and repair.
The company’s partnership with local motorcycle shops and restoration specialists helps ensure quality repairs using appropriate parts and techniques for vintage bikes. This network proves invaluable when maintaining the authenticity and value of classic motorcycles.
7. SafeCo Motorcycle Insurance Providers
SafeCo stands out in the motorcycle insurance market with its OEM Parts Guarantee program. This unique feature ensures your bike receives genuine manufacturer parts during repairs after an accident, maintaining its value and performance integrity.
Key Coverage Features:
- Original manufacturer parts guarantee for repairs
- Custom parts and accessories coverage up to $3,000
- Specialized Harley-Davidson replacement cost provision
- 24/7 roadside assistance with towing services
- Rental reimbursement during repairs
The Harley-Davidson replacement cost provision sets SafeCo apart from standard insurers. This coverage extends to custom parts and accessories installed by authorized dealers, protecting your investment in bike modifications.
Optional Coverage Benefits:
- Agreed value coverage for collector bikes
- Medical payments coverage
- Trip interruption coverage
- Transport trailer coverage
- Personal property protection
SafeCo’s claims process receives high marks from policyholders. Their digital claims platform allows you to file and track claims through their mobile app or website. The company maintains a network of certified repair shops across the country, streamlining the repair process.
Customer Satisfaction Highlights:
- A- rating from AM Best for financial strength
- 4.2/5 stars for claims handling efficiency
- Quick response times from dedicated claims adjusters
- 24/7 customer support availability
- Flexible payment options
SafeCo’s pricing structure reflects their premium service level. While rates might be higher compared to basic providers, the comprehensive coverage and quality repair guarantees justify the investment for riders who prioritize protection and peace of mind.
Policy Add-ons:
- Lay-up coverage for seasonal riders
- Safety apparel coverage
- Guest passenger liability
- Enhanced accessory coverage
- Uninsured/underinsured motorist protection
The company’s mobile app provides easy access to policy documents, digital ID cards, and bill pay features. You can request quotes, make policy changes, and contact your agent directly through the platform.
Additional Considerations When Choosing Motorcycle Insurance Providers
Selecting the right motorcycle insurance goes beyond comparing basic rates. Understanding optional coverages can significantly impact your level of protection and financial security.
Essential Optional Coverages
- Comprehensive Coverage: Protects against theft, vandalism, weather damage, and accidents involving animals
- Collision Coverage: Covers repair costs when your bike hits another vehicle or object
- Gear Protection: Safeguards your helmet, riding clothes, and accessories
- Uninsured/Underinsured Motorist: Shields you from drivers without adequate insurance
- Medical Payments: Covers medical expenses regardless of fault
Smart Shopping Strategies
- Request quotes from at least 3-5 insurance providers
- Ask about available discounts for:
- Safety course completion
- Anti-theft devices
- Multiple bike policies
- Bundling with other insurance types
- Consider higher deductibles to lower monthly premiums
- Review policy terms and coverage limits carefully
Coverage Customization Tips
Your riding habits should guide your coverage choices:
- Daily commuters need robust collision coverage
- Weekend riders might prioritize comprehensive coverage
- Custom bike owners benefit from specialized equipment coverage
- Track day enthusiasts require specific racing coverage
Price Comparison Factors
When comparing prices, keep these factors in mind:
- Location-specific requirements
- Bike make and model
- Riding experience
- Claims history
- Storage conditions
- Annual mileage
Remember to reassess your coverage needs annually as your riding habits and bike value change. Insurance providers often adjust their rates and offerings, making regular comparison shopping valuable for maintaining optimal coverage at competitive prices.
Conclusion
Choosing the right motorcycle insurance provider shapes your riding experience and financial security. Each provider we’ve examined brings unique strengths to the table:
- Progressive stands out with flexible coverage and seasonal policy adjustments
- GEICO delivers competitive rates and valuable safety course discounts
- Markel excels in multi-vehicle coverage and mechanical breakdown protection
- Harley-Davidson specializes in custom bike protection and comprehensive roadside assistance
- Dairyland serves high-risk riders with accessible rates
- Foremost caters to vintage and custom motorcycle enthusiasts
- SafeCo distinguishes itself with quality parts guarantees and specialized Harley coverage
Your ideal insurance choice depends on several key factors:
- Riding frequency and style
- Bike type and modifications
- Budget constraints
- Risk tolerance
- Location-specific requirements
Take time to evaluate your personal circumstances. Request quotes from multiple providers, examine coverage details, and read customer reviews. Remember – the cheapest option isn’t always the best value. The right insurance provider balances comprehensive protection with affordable rates while meeting your specific needs as a rider.
Stay safe, stay protected, and enjoy the road ahead with confidence knowing you’ve selected the best motorcycle insurance for your situation.
FAQs (Frequently Asked Questions)
What is motorcycle insurance and why is it important?
Motorcycle insurance is a type of coverage that protects riders against financial loss in the event of an accident, theft, or damage to their motorcycle. It is important because it provides liability protection, covers medical expenses for injuries sustained while riding, and safeguards against damages to your bike, ensuring peace of mind while on the road.
How were the best motorcycle insurance providers selected?
The best motorcycle insurance providers were selected based on criteria such as coverage options, pricing, and customer service. Additionally, understanding personal needs—like the type of bike and riding experience—is crucial when evaluating these providers.
What unique features does Progressive Motorcycle Insurance offer?
Progressive Motorcycle Insurance offers comprehensive coverage options including liability, personal injury, and collision coverage. They are known for their competitive pricing and flexibility in coverage tailored to seasonal riders.
How can I lower my premiums with GEICO Motorcycle Insurance?
You can lower your premiums with GEICO Motorcycle Insurance by taking advantage of available discounts such as those for completing safety courses or enrolling in multi-bike policies. Their competitive pricing structure makes them an affordable option compared to other providers.
What specialized coverage does Foremost Motorcycle Insurance provide?
Foremost Motorcycle Insurance focuses on specialized coverage for unique motorcycles, including customs and vintage models. They offer policy options that cater specifically to niche riders, providing benefits that align with the needs of vintage bike enthusiasts.
What should I consider when choosing a motorcycle insurance provider?
When choosing a motorcycle insurance provider, consider optional coverages available (like comprehensive vs collision), compare quotes from multiple providers to ensure you find the best deal that meets your coverage needs without exceeding your budget. It’s also essential to review your personal circumstances such as riding habits and long-term plans for ownership.