10 Best Insurance Companies for Motorcycles in 2024 (Provider Ranking)

Motorcycle insurance is not cheap so finding the best insurance companies for motorcycles can be challenging, our top three Progressive, Geico, and State Farm start minimum coverage at just $20, and $60 for full coverage.

In the face of necessarily high premiums, the most practical thing to do is to minimize the damage by employing every cost-saving device possible.

Our Top 10 Picks: Best Insurance Companies for Motorcycles

You can even do this right from your garage or home office! The best way to find the best motorcycle insurance possible is to use our free insurance quote finder. Enter your ZIP code above to start your motorcycle insurance comparisons.

#1 – Progressive: Best for Flexible Plans

Pros

• Comprehensive Coverage Options: Progressive various coverage options provide the best motorcycle insurance. Specialized coverages are also available like Original Equipment Manufacturer parts.
• Competitive Pricing and Discounts: Progressive offers competitive rates, especially if you qualify for discounts that contribute to their best motorcycle insurance ranking. .
• 24/7 Customer Service: The round-the-clock customer service at odd hours if your motorcycle breaks down, contributes to Progressive’s spot for the best insurance for motorcycles.
• Reputation and Financial Stability: Progressive is a well-established company with a strong reputation in the insurance industry. Read our Progressive Snapsnot review to see why they are number one in the best motorcycle insurance ranking.

Cons

• Rates May Vary: Rates can vary significantly depending on your location, riding history, and other factors such as High-Risk Riders. They may not have the best motorcycle insurance.
• Coverage Gaps in Certain States: Certain coverages may not be available in some states, or the options may be limited, which could lower their potential as the best motorcycle insurance quotes.
• Repair Shop Limitations:  The options for motorbike repair shops are limited after an accident, so if you’re picky on repair shops, this will not be the best insurance company for your motorcycle.

#2 – Geico: Best for Affordable Rates

Pros

• Affordable Rates: Many riders find that Geico offers some of the lowest motorcycle premiums, making them feel it is the best insurance for motorcycles, so check our Geico motorcycle insurance review to learn more. 
• Wide Range of Coverage Options: Geico offers standard coverage. They also provide additional options like accessories coverage and custom parts contributing highly to being one of the best insurance companies for motorcycles.
• Available Discounts: Geico offers numerous discounts, such as multi-policy discounts, safe rider discounts, and discounts for completing a motorcycle safety course, making them one of the best insurance companies for motorcycles.

Cons

• Limited Customization for Specialized Bikes: Geico’s coverage options for riders with highly customized or specialized bikes may be lacking, compared to some competitors that may suit them better for their best motorcycle insurance needs. 
• No Lay-Up Coverage: This potentially leads to higher costs if you store your bike for extended periods. This can be a deal-breaker for riders looking for the best insurance for their motorcycle.

#3 – State Farm: Best for Customer Service

Pros

• Good Customer Service: Their vast network of local agents will help you tailor to get the best motorcycle insurance for your specific needs agents are available to assist with claims, policy changes, and general inquiries.
• Repair Shop Flexibility: The choice of repair shop contributes to State Farm being seen as one of the best motorcycle insurance companies. They’re also great with auto insurance, so check our State farm auto insurance review to learn more.
• Comprehensive Coverage Options: Standard coverage options and additional policies like trip interruption coverage add to their motorcycle policies. The range of options pulls State Farm as the third-best motorcycle insurance provider.

Cons

• Limited Coverage Customization: Riders with highly customized bikes might find State Farm’s coverage options less flexible or tailored making them not the best motorcycle insurance in this case.
• Varied Customer Experience:  Some riders might not have as favorable experiences depending on the specific agent they work with which can hamper the motorcycle policy needed.

#4 – Allstate: Best for New Riders

Pros

• Discounts and Savings Opportunities: Allstate provides several discounts, including for taking a motorcycle safety course, perfect for new riders seeking the best motorcycle insurance.
• Repair Shop Flexibility: The control over where and how your motorcycle is repaired after an accident contributes to their motorcycle insurance quote price, a big plus for riders looking for the best motorcycle insurance.
• Rider-Friendly Features: The Good Hands® Roadside Assistance program and trip interruption coverage, which can be valuable for riders looking for the best motorcycle insurance. They also have other features for other vehicles, check out our Allstate auto insurance review to learn more.

Cons

• Coverage Limitations: Riders with highly customized or vintage motorcycles might find Allstate’s coverage options less flexible or less comprehensive, which reduces their ranking as the best motorcycle insurance for more experienced riders.
• Limited High-Risk Coverage Options: Riders with a history of accidents or traffic violations may find premiums higher or coverage options more limited. Allstate may not be the best motorcycle insurance choice after an incident.

#5 – Dairyland: Best for High-Risk Riders

Pros

• High-Risk Coverage: Dairyland is known for insuring high-risk riders. They are more flexible in underwriting policies for such riders making them the best motorcycle policy for past incidents.
• Specialized Motorcycle Coverage: Dairyland focuses on the best motorcycle insurance, offering a variety of coverage options tailored specifically for riders. Check our article on “Types of Auto Insurance Coverage” for more.
• Coverage for a Variety of Bikes: This includes cruisers, sport bikes, touring bikes, scooters, trikes, and custom motorcycles making them the best insurance for motorcycles for many different riders. 

Cons

• Potentially Higher Premiums: Dairyland premiums can be higher compared to insurers that cater to low-risk riders, you might find a better motorcycle insurance quote with other companies mentioned on this list for the best motorcycle insurance.
• Regional Availability: Dairyland’s coverage is not available in all states, so those riders seeking the best motorcycle insurance locally may be out of luck in some cases.

#6 – Nationwide: Best for High Limits

Pros

• Comprehensive Coverage Options:  Standard coverage options for motorcycles, and specialized coverage options like custom equipment coverage for new motorcycles place on the rankings as the best insurance for motorcycles.
• Vanishing Deductible: Nationwide reduces your deductible by $100 for each year you remain claims-free, potentially saving money over time for riders looking for the best motorcycle insurance. Check our Nationwide motorcycle insurance review to find out more.
• Roadside Assistance: Nationwide provides an optional roadside assistance program, contributing to their best motorcycle insurance ranking.

Cons

• Potentially Higher Premiums: Nationwide’s premiums can be higher compared to some other insurers. Riders seeking the lowest possible rates might find the best motorcycle insurance policies elsewhere.
• No Lay-Up Coverage: Like many mainstream insurers, Nationwide does not offer lay-up coverage. This could be a downside for riders’ motorcycle insurance when the motorcycle is stored for a season.

#7 – Farmers: Best for Experienced Riders

Pros

• Discount Opportunities: Farmers offers several discounts, such as multi-bike discounts, and mature rider discounts contributing to being the best motorcycle insurance for experienced riders.
• Optional Add-Ons: The optional add-ons to enhance your coverage, such as coverage for custom parts and equipment, provide flexibility to tailor your best motorcycle insurance policy.
• Reputation for Good Customer Service: Farmers customer service may sway you if you’re seeking the best motorcycle insurance, due to agents’ knowledge and willingness to assist with policies.

Cons

• Potentially Higher Premiums: Farmers’ premiums can be higher than some competitor’s motorcycle insurance. To learn more about Farmers premiums for cars, check out auto insurance review for Farmers.
• Varied Customer Experience: The quality of customer service can vary depending on the specific agent or office you work with. The inconsistency may not provide the best motorcycle insurance coverage.

#8 – USAA: Best for Military Members

Pros

• Exclusive Membership Benefits: USAA exceptional customer service and focus on military members and their families. Progressive’s best motorcycle insurance through USAA, you still benefit from USAA’s reputation and member-centric approach.
• Discounts for Military Members: USAA offers discounts that are beneficial for military members, such as discounts for garaging your motorcycle on a military base contributing to their best motorcycle insurance ranking.
• Strong Financial Stability: USAA ensure that they have the resources to pay out claims and provide reliable service. This can be seen with their best motorcycle insurance premiums. For more information, you can also check USAA auto insurance review to learn more.

Cons

• Potentially Higher Premiums: Premiums may be higher for certain riders who are not military members. Riders will find the best motorcycle insurance with other companies on this list.
• Limited Access to USAA’s Exclusive Benefits: Since the motorcycle insurance is provided through Progressive, you may not have access to all of USAA’s exclusive member benefits.

#9 – Liberty Mutual: Best for Flexible Options

Pros

• Comprehensive Coverage Options:  Standard coverage and additional specialized coverages including replacement cost coverage for new motorcycles contribute to the best motorcycle insurance.
• Roadside Assistance: The optional roadside assistance coverage, can be valuable for riders who frequently travel long distances and need the best motorcycle insurance. Also, check out our Liberty Mutual insurance review to see how they stack up.
• Flexible Coverage Options: Liberty Mutual offers flexible payment plans and a range of deductible options, allowing you to tailor your policy and coverage needs for the best motorcycle insurance.

Cons

• Potentially Higher Premiums: Liberty Mutual’s premiums can be higher compared to some other insurers, particularly if you don’t qualify for multiple discounts. Riders seeking the lowest possible rates might find the best motorcycle insurance elsewhere.
• Fewer Specialized Motorcycle Insurance Features: Liberty Mutual might offer fewer features specifically tailored to motorcyclists compared to other insurers. So the best motorcycle insurance may be found elsewhere.

#10 – Safeco: Best for Bundling Options

Pros

• Discount Opportunities: Safeco provides several discounts that can help lower your premium. Their discounts contribute to the ranking as the best motorcycle insurance.
• Strong Financial Stability: As a subsidiary of Liberty Mutual, claims are paid out reliably and contribute to its best motorcycle insurance ranking. If you’re interested in how to purchase insurance, check out our article on “How to Buy Auto Insurance“.
• Roadside Assistance and Towing: Safeco offers optional roadside assistance and towing coverage, which places it as one of the best motorcycle insurance companies.

Cons

• Potentially Higher Premiums: Safeco’s premiums can be higher than those of some competitors. Riders seeking the lowest possible rates might find the best motorcycle insurance options elsewhere.
• Fewer Specialized Motorcycle Features: Safeco might offer fewer features specifically tailored to motorcyclists. The best motorcycle insurance for such can be found elsewhere on this list.

The Basics of Motorcycle Insurance

No matter the type of insurance that you need, be it for your home, your car, or your motorcycle, they all have vast similarities in that your likelihood of filing a claim is directly related to paying more for your premiums.
Motorcycles Insurance Monthly Rates by Provider & Coverage Level

The difference between what an insurer is going to provide with a vehicle and a motorcycle has a lot to do with the level of danger associated with motorcycles, this contributes to the price difference in motorcycle insurance coverage.

Cars offer more safety features than motorcycles do, boasting mechanisms like crumple zones, seat belts, and airbags. Motorcycles offer very little protection against the open road. The breezy speed that draws so many people to cycling is the same factor that makes it such an expensive lifestyle to ensure.

Another difference between getting coverage for a motorcycle vs. a car or any other type of vehicle is the nature of the claims made. In car accidents involving two or more vehicles, the damage is spread out among the vehicles. This makes automobile liability insurance, which covers vehicles other than one’s own, one of the most expensive forms of coverage that exists.

On the other hand, the types of coverage that is attached to a motorcycle are dependent on a few factors. One such factor is to follow the premise that the rider and his bike are most likely to bear the brunt of the destruction in the event of an accident. Motorcycles are also more likely to be the victims of theft because of their size and accessibility.

Motorcycle insurance attaches higher premiums to collision and comprehensive policy types than an auto policy would have. Collision coverage financially absorbs the damage to the motorcycle, when it is involved in an accident with another vehicle. If you have another vehicle, check the “Top Auto Insurance Coverage” article to find tips and tricks to get lower quotes.

If you have what is called comprehensive coverage, that protects you and your insured vehicle from any non-collision related losses from things like theft, fire, floods, and run-ins with animals. If you want to compare comprehensive coverage quotes for your motorcycle, use our comparison tool below, enter your ZIP code to compare quotes in seconds.

One of the most important policies that a motorcyclist should carry comes from their health insurance provider. However, any benefits will be second to the motorcyclist’s health insurance. They will also be very expensive. For a motorcyclist when it comes to protecting life and limb is finding a health insurance policy that covers all possible exigencies to the fullest.

Shopping Smart to Protect Your Motorcycle

Motorcycle insurance providers use various criteria, attached to different values, to determine the cost of a policy. Some general things they look for are motorcycle size, make and model of the motorcycle, age and driving record of the prospective insured, geographical location, riding lifestyle (commuting or pleasure), and expected yearly mileage.

Size, make and model of the motorcycle all emphasize the importance not only of shopping around for the best policy and price but of shopping around for the best bike for your situation. If money is a big concern, which it most often is, you should go into the showroom or onto the lot with the knowledge of what it costs to insure various motorcycles.

A good idea is to be aware of the cost of insuring any motorcycle before a purchase is made. Over the life of a motorcycle, you can easily end up paying for your bike all over again due to the cost of motorcycle insurance. If you have a sports bike, check the “Cheapest Auto Insurance for Sports Bikes review“.
Auto Insurance Discounts From the Top Providers for Motorcycles

You also want to make sure you are taking advantage of all the discounts available to you. Discounts can come from a long list of situations, including insuring more than one motorcycle, taking a specified safety course, being a member in good standing of an approved motorcycle association, being a “mature rider”, holding a motorcycle instruction certificate and insuring your car and automobiles with the same company.

If you put your bike in storage for any part of the year, you will save money based on the fact that it is much more difficult for a bike that isn’t being used to be involved in an accident. It may seem silly to have such a beautiful ride and have to store it away, but you’d rather be safe during winter than slide out over the ice and suddenly be landed with a bunch of medical expenses and a possible policy payment increase.

Some companies offer lay-up coverage for motorcycle riders who hide their bike away for the off-season. Finding the company with the most discounts for which you qualify will save you a good chunk of change.  Since insurers price risk differently, shopping around and comparing quotes with our comparison tool below can help get more affordable motorcycle insurance.

The Impact of Your Driving Record

Respectability and responsibility are important factors when it comes to finding the best possible price and policy for yourself and your ride.

Simply put, if you have a record of being in multiple accidents, insurers will consider you a risk. In other words, if you have too many instances of using your coverage to cover damage to your motorcycle when it is involved in an accident, your provider may be wary.

A solid credit rating also has the effect of showing insurers you are less likely to take risks on your bike. People who make payments responsibly are statistically more likely to drive responsibly. There’s even an industry name for the equation; it’s called the “financial responsibility score”. You may be able to reap savings in excess of 50% with a good credit rating.

Good financial sense can lead to other savings as well. By paying off your bike loan expediently, you will be free of lender requirements that include possession of comprehensive collision insurance coverage. If you determine that it is not a financial necessity to have those protections, you will save significantly on your yearly premiums. If you want to understand insurance, click our “Understanding Auto Insurance” for more.

The Difference Between Best vs Cheapest

The old adage holds true when it comes to motorcycle insurance: you get what you pay for. By looking only at the pricing, and not at the complete coverage picture, you may be leaving yourself open to devastating financial consequences if you get cheap motorcycle insurance.

The National Highway Traffic Administration reported that between the years 2000 to 2008 motorcyclists killed in accidents increased by 83% and injuries increased by 66%. For this reason, motorcycle insurance is more costly than car insurance.

But the main factors that affect how much motorcycle insurance costs are: your age, where you live, and the type of motorcycle you have. Read our guide on “How Much Auto Insurance do you need” to find out more on general auto insurance on how its factors affect the prices.

If you will be accompanied on your bike by a passenger, you need to be aware that not all policies cover your guest. Those that do come at a higher premium. While the guest passenger provision is not one you can skimp on if you are entertaining others on your bike, you may consider passing on that coverage if you always fly solo.

Research will allow you to keep rates as low as possible while maintaining a range of coverage levels that enables you to enjoy your bike while being protected when needed. The best insurance will not always be the cheapest. The cheapest will lack a lot of coverage features that you will likely need, this is why you should use our comparison tool below to find the best insurance company for your motorcycle.

Get Free Motorcycle Insurance Quotes

Online motorcycle insurance quotes comparison tools like ours below, make it easy to generate quotes, based on your specific situation and needs, from many insurers. The format allows you can use the same criteria, based on your personal experience and financial history, to generate quotes from different motorcycle insurance providers.

With so many discounts on motorcycle insurance coverage options available, you’ll have no trouble creating a motorcycle insurance policy that gives you a wide range of protection that you require and insurance rates at an affordable price. The goal is always to get the highest level of coverage at the lowest possible price.

The Best Insurance Provider for Motorcycles

Motorcycle insurance is usually cheaper than auto insurance, but it can still be expensive. The main factors that affect your motorcycle insurance costs are your age, location, and the type of motorcycle you have.

Younger or less experienced riders usually pay more for motorcycle coverage than experienced riders with years of safe riding experience. And if you live in an area where motorcycle theft is common, you will likely have to pay more for insurance.

All these factors will change which insurance provider will be best for your motorcycle insurance policy. Some providers will be more keen to have you if you have a more specialized motorcycle compared to another provider who may have the right coverage if the motorcycle is used commercially. If you’re unhappy with your insurance, you can cancel your insurance, just be careful of the extra fees.

So just search around for different quotes, this apples-to-apples approach gives you a clear picture as to how the insurers stack up against each other. Enter your ZIP code below to start comparing free online motorcycle insurance quotes today!