The Best Motorcycle Insurance Companies (2024)
Progressive is the best motorcycle insurance company for most people, with low rates, extra coverage and great service.
Find Cheap Motorcycle Insurance Near You
Best motorcycle insurance companies
The best motorcycle insurance companies have affordable prices, dependable customer service and useful coverage options.
ValuePenguin's experts chose top-rated motorcycle insurance companies across different categories to make it easy to find one that best fits your needs. Companies are compared based on coverage offered, typical cost, discounts and customer service.
Average rates are based on thousands of quotes from top insurance companies in the country. Quotes are for a full coverage policy, which covers your bike and any damage you might cause on the road. See our full methodology.
Best cheap motorcycle insurance: Dairyland
Editor's rating
Monthly rate: $22 ?
Pros and cons
Dairyland has the best motorcycle insurance rates in the country.
On average, policies cost $22 per month, with rates as low as $14 per month in some states.
Dairyland customers can add on roadside assistance and rental reimbursement coverage for an extra fee. These coverages make it a great choice for riders who use their motorcycle as their main vehicle.
- Emergency roadside assistance includes service for flat tires, bad batteries, mechanical or electrical problems, fuel, fluid, oil or water refills and tow service.
- Rental reimbursement helps cover the cost of a rental vehicle while your motorcycle is in the shop after a crash. This is an important coverage to have if you ride your bike to get to work or for everyday activities.
In addition, Dairyland offers replacement cost coverage for motorcycles that are less than 3 years old. Many other companies have a mileage limit or set a one-year cap on full replacement coverage.
Riders aren't thrilled with the service they get from Dairyland, though. It gets 60% more complaints than an average insurance company its size, according to the National Association of Insurance Commissioners (NAIC). If you're in an accident, it may take longer to settle your claim with Dairyland compared to other companies.
Best motorcycle insurance for most people: Progressive
Editor's rating
Monthly rate: $23 ?
Pros and cons
Progressive has the best motorcycle insurance for most people. It offers extra coverage and reliable customer service at an affordable rate. A full coverage policy from Progressive costs around $23 per month, which is $10 per month cheaper than average.
All of Progressive's motorcycle insurance policies include full replacement cost coverage.
That means Progressive will restore your motorcycle to pre-accident condition without a deduction for wear and tear. Another perk is Progressive's original equipment manufacturer (OEM) coverage. It will replace any original or custom parts on your bike with the same parts.
Progressive also includes $3,000 of coverage for damage to custom parts, upgrades and customizations when you get collision and comprehensive coverage. And, you can pay extra to raise the limit up to $30,000 if needed.
In addition, Progressive gets 35% fewer complaints than average when factoring in its size, according to the NAIC. That means riders are typically happy with the service they get from Progressive.
However, Progressive doesn't offer rental reimbursement coverage for motorcycles. This may be an important add-on if your bike is your only vehicle, or if you use it daily.
Best company for motorcycle insurance discounts: Harley-Davidson
Editor's rating
Monthly rate: $24 ?
Pros and cons
Harley-Davidson offers lots of ways for riders to save on its already-affordable motorcycle insurance.
Full coverage Harley-Davidson motorcycle insurance costs just $24 per month, on average. That's $9 per month cheaper than the national average. In addition, it offers 13 discounts to help you lower your motorcycle insurance rates.
- Anti-theft discount for riders who install an audible alarm or LoJack system on their bike
- Bundled protection discount if you buy multiple insurance products from Harley-Davidson , like a planned maintenance policy
- Claim-free renewal discount if you avoided making a claim during the last policy period
- Experienced rider discount based on the number of years you've had a motorcycle license
- H-D Riding Academy discount when you complete the H-D Riding Academy New Rider Course
- H.O.G. membership discount for members of the Harley Owners Group
- Homeowner discount for riders who own a home and have homeowners insurance from any company
- Loyalty discount for riders who have Harley-Davidson insurance for more than one year
- Military and law enforcement discount for active or retired military or law enforcement members
- Motorcycle endorsement discount for riders with a motorcycle endorsement on their license
- Multi-cycle discount when you insure more than one motorcycle with Harley-Davidson
- New bike discount for riders with a brand-new motorcycle
- Prompt payer discount for making your motorcycle insurance payments on time
Harley-Davidson also has lots of coverage add-ons to help you customize your motorcycle insurance policy. Options include roadside assistance, rental reimbursement coverage, vacation rental coverage and custom equipment coverage.
The main downside to Harley-Davidson insurance is that it doesn't sell car, home or renters insurance policies. If you need to protect another vehicle, your home or your belongings, you'll have to get a policy from a different company. That can be inconvenient. Especially if you have a major emergency, like a fire that damages both your home and bike.
Best motorbike insurance for young riders: Geico
Editor's rating
Monthly rate: $36 ?
Pros and cons
Geico is the best company for young riders because it offers the option to pay your bill in installments instead of all at once.
This is useful for young motorcycle riders who are on a budget. In comparison, many companies require you to pay your annual rate in full up front. However, you'll probably have to pay Geico a small fee for each installment.
Geico's motorcycle insurance isn't typically the cheapest option. The average cost of a full coverage policy is $36 per month, which is $3 per month more than the national average. But Geico offers a wide range of discounts to help lower your insurance costs. For example, young riders who take a Motorcycle Safety Foundation or Military Safety Course get a 10% discount.
Geico allows riders to customize their motorcycle insurance to meet their needs. That means policies don't automatically include complex options that young riders may not need. However, it doesn't offer some popular upgrades, like original equipment manufacturer (OEM) coverage.
Best for collectors: Markel
Editor's rating
Monthly rate: $39 ?
Pros and cons
Markel is the top motorcycle insurance company for hobbyists.
Insurance from Markel tends to be expensive. A full coverage policy from Markel costs an average of $39 per month. That's $6 more per month than average.
However, motorcycle collectors can save money with Markel's multivehicle discount. It lowers your rate if you have more than one motorcycle insurance policy with Markel. It also offers a way for safe riders to save money through its diminishing deductible. Markel will reduce your deductible by 25% each year you avoid an accident, until it's $0.
Markel insures more motorcycle types than many other companies. It covers:
- Cruisers
- Sport bikes
- Touring motorcycles
- Sport-touring bikes
- Big twins
- Street bikes
- Scooters
- Mopeds
- Dirt bikes
- Trikes
- Custom motorcycles
Markel is also a great choice for bikers with a vintage motorcycle who are having trouble getting coverage elsewhere.
One major drawback is Markel's poor customer support. It gets four times more complaints than an average company its size, according to the NAIC. That means you may have a hard time getting back on the road after a crash.
Best for military riders: USAA
Editor's rating
Monthly rate: $22 ?
Pros and cons
USAA doesn't offer motorcycle insurance directly. It refers its members to Progressive, one of the best companies for motorcycle insurance.
Progressive offers a 5% discount to USAA members, making its coverage even more affordable. On average, a full coverage Progressive policy costs $22 per month after the USAA discount.
Another benefit of getting motorcycle insurance through USAA is that it offers motorcycle loans and financing for up to 100% of the value of your new bike. That makes it a one-stop shop for people looking to buy a new motorcycle.
Besides motorcycles, USAA also offer insurance for ATVs, mopeds and scooters.
Many bikers can't buy USAA motorcycle insurance, though. It's only available to military members, veterans and their families.
Best-rated motorcycle insurance companies
Harley-Davidson is the top-rated insurance company for motorcycles.
That's due to Harley-Davidson's dependable service, affordable quotes and useful coverage options.
Progressive is another highly rated option. It gets fewer complaints than other major insurance companies and offers great rates to most riders.
Best insurance for motorcycles
Company | Editor's rating |
NAIC complaints
|
|---|---|---|
| Harley-Davidson | None | |
| Progressive | 35% fewer than avg | |
| USAA | 6% more than avg | |
| Dairyland | 6% more than avg | |
| Allstate | 27% fewer than avg |
Choosing a company with reliable customer service is just as important as finding the cheapest rate.
Great customer service can make the claims process less stressful after an accident. Companies with poor service reviews may take longer to process your claim, and you could end up paying more out of pocket.
Frequently asked questions
What is the best motorcycle insurance company?
The best motorcycle insurance depends on your coverage needs, the type of motorcycle you have, your riding habits and where you live. For example, Dairyland has the best rates for most riders. But, Progressive is the best company for custom bikes because of its OEM and custom parts coverage.
Is Geico or Progressive better for motorcycle insurance?
Progressive has better motorbike insurance for most people. Full coverage motorcycle insurance from Progressive costs around $23 per month. That's $13 per month less than a policy from Geico.
Progressive's basic policy includes more coverage than a standard policy from Geico. And Progressive also tends to get fewer customer complaints than Geico.
How much is good bike insurance?
The average cost of full coverage motorcycle insurance is $33 per month in the U.S. However, you may be able to get good bike insurance for less. The best motorcycle insurance company for most people, Progressive, charges an average of $23 per month.
Methodology
To find the best insurance for a motorbike, ValuePenguin collected thousands of quotes from top insurance companies across the country. Rates are for a 45-year-old single man who owns a 2018 Honda CMX500 Rebel.
Quotes are for a full coverage policy, which includes higher liability limits than the state requirement, along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Uninsured and underinsured motorist property damage: $25,000 per accident
- Medical payments: $5,000
- Comprehensive and collision deductible: $500
To choose the best motorcycle insurer in each category, our experts considered the coverages offered, rates, available discounts and customer service reputation.
Insurance company ratings from ValuePenguin editors, AM Best and the National Association of Insurance Commissioners (NAIC) Complaint Index were evaluated to determine the best companies.
- ValuePenguin editor's ratings are based on customer service reviews, coverage availability and the overall quality a company provides its riders.
- AM Best is a rating agency that analyzes companies based on their financial strength.
- The NAIC Complaint Index scores insurance companies based on the number of complaints they receive compared to other similar-sized companies. Scores are based on all private passenger auto insurance complaints, which includes motorcycle insurance complaints.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.