Reviews Report

• Allstate is Reviews.com’s top cheap motorcycle insurance company due to its coverage options, customer satisfaction and support.
• The best motorcycle insurance companies have plenty of discounts.
• All providers we reviewed offered a discount for taking a motorcycle safety course.

The best cheap motorcycle insurance companies should cover you and your bike no matter what happens. This means well-rounded coverage with plenty of discounts in order to give you the protection you need at an affordable rate. After hours of research looking into almost two dozen of the nation’s top providers, we picked the four best options that strike the perfect balance between low premiums and great coverage. However, since insurance rates are highly personal, you’ll still want to compare quotes to find the best price for the coverage you need.

The 6 Best Cheap Motorcycle Insurance Companies

• Nationwide: Best for High-Risk Riders
• Liberty Mutual: Best for Low-Risk Riders
• Safeco: Best for Discounts
• Allstate: Best for Bundling
• USAA: Best for Military Members and Families 
• Markel: Best for Coverage Options

Compare the Best Cheap Motorcycle Insurance Companies

Information accurate as of February 2021.

*J.D. Power’s 2020 U.S. Insurance Shopping Study rating. Based on a 1,000-point scale.

**In addition to basic coverage of comprehensive, collision, body liability, personal injury, and property liability.

*J.D. Power’s 2020 U.S. Insurance Shopping Study rating. Based on a 1,000-point scale.

**In addition to basic coverage of comprehensive, collision, body liability, personal injury, and property liability.

Cheap Motorcycle Insurance: What You Need to Know 

Coverage options

The best motorcycle insurance is affordable, but it also needs to provide adequate coverage. The seven personal injury lawyers and independent insurance agents we spoke to all agree: You should buy more insurance than your state requires.

“The biggest problem with motorcycle insurance is that riders buy the cheapest policy to be ‘street legal’ by state law, but they don’t buy the correct amount of coverage to protect themselves in the event of an accident,” says Brad Tabakin, a personal injury attorney.

When it comes to coverage, the limits you choose are up to you, but the best provider needs to make the most important coverages available at the very least:

Collision coverage

Collision pays to repair or replace your bike if it’s damaged in an accident. This comes standard with any insurance plan — the real question is how big your deductible will be. With most providers, you can choose a deductible anywhere between $100 and $1,000. Selecting a higher deductible usually means getting a lower premium, but it will also cost you more in the event of a crash.

Comprehensive coverage

Comprehensive covers any losses and damages that weren’t the result of an accident, like theft or natural disaster. As with collision coverage, you’ll have some freedom to choose a deductible you’re comfortable with.

Lots of discounts

We scoured each of our finalists’ websites and tallied up their discounts to see where you can find the biggest savings. Most insurance providers will discount your premium for being a “less risky” customer to insure.

You may qualify for some discounts by default, like being a “mature rider” or a homeowner, but you can also take proactive measures to make sure you get the best deal on your premium. For instance, if you install an anti-theft device, most providers will knock a few dollars off because they’re less likely to have to reimburse a stolen bike.

Affordable premiums

Based on our experts’ recommended coverage levels, we got multiple quotes from each of our contenders, altering the age of the rider and the type of motorcycle to get an idea of how that would affect price.

We found great policies with plenty of coverage — but they’re not always the cheapest plans out there. While other providers may advertise even lower rates, those bargain prices come at the expense of strong coverage. We looked for top-notch coverage at an affordable rate.

How to Save on Your Motorcycle Insurance Premium

Motorcycle insurance discounts

Most discounts are pretty easy to qualify for if you’re aware of them ahead of time. To keep you in the know, we compiled a comprehensive list of available discounts and which of our top picks offer them:

Motorcycle Insurance FAQ

Methodology

We evaluated motorcycle insurance companies based on discounts, coverage, claim filing, financial strength and customer satisfaction to determine Reviews.com scores and create our best motorcycle insurance reviews. To compare motorcycle insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

• Discounts: Motorcycle insurance companies that advertised more discounts received higher scores in our methodology
• Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each motorcycle insurance company’s financial stability.
• Customer Satisfaction: Because J.D. Power does not study motorcycle insurance customer satisfaction, we utilized J.D. Power’s 2020 Insurance Shopping Satisfaction Study for auto insurers. 
• Coverage: Motorcycle insurance companies were awarded higher scores for advertised coverages beyond the body liability, property liability, collision and personal injury protection.
• Claims Filing: Reviews.com compared each company’s claims filing process — companies that had mobile claims filing scored the highest in this metric.

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