Find The Best Motorcycle Insurance Companies– Get A Fast & Free Quote!

Find The Best Motorcycle Insurance Companies– Get A Fast & Free Quote!

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Description of Best Motorcycle Insurance Companies

Find The Best Motorcycle Insurance companies It goes without saying that owning and riding a motorcycle is a dangerous activity. That’s why it’s important to have the best motorcycle insurance possible. At My Best Rate, we make it easy for you to get a free quote for motorcycle insurance. All you need to do is give us your contact information and our team will take care of the rest. We’ll get you a quote that meets your needs and fits your budget. So whether you’re looking for comprehensive coverage or just liability insurance, My Best Rate has you covered.

What is Motorcycle Insurance?

Best Motorcycle Insurance companies are a type of insurance that protects riders and their motorcycles from various risks. Motorcycle insurance can be expensive, so it’s important to find the best policy for your needs.

Here are some tips for finding the best motorcycle insurance:

1. Compare rates online. One way to find the best motorcycle insurance rates is to compare rates online. You can use websites like Insureon or JustInsured to compare quotes from multiple Best Motorcycle Insurance companies.

2. Ask friends and family for recommendations. Another way to find the best motorcycle insurance is to ask your friends and family for recommendations. They may have used a particular company in the past or know someone who has had good experiences with one particular policy.

3. Shop around. Finally, don’t forget to shop around when looking for motorcycle insurance. different companies have different policies and rates, so it’s important to compare all of your options before making a decision.

motorcycle insurance

Types of motorcycle insurance

As a responsible motorcyclist, it’s important to have motorcycle insurance in case of an unfortunate event. Here’s a look at the different types of motorcycle insurance and what they cover.

Third-party liability: This type of insurance covers you if someone else is injured as a result of your motorcycle ride. bodily injury, property damage, and loss of use are all covered.

This type of insurance covers you if someone else is injured as a result of your motorcycle ride. bodily injury, property damage, and loss of use are all covered. Collision: This type covers you if your motorcycle collides with something else, typically another vehicle or object. It includes damages to both motorcycles, third-party injuries, and possible payouts for lost income or future medical expenses.

This type covers you if your motorcycle collides with something else, typically another vehicle or object. It includes damages to both motorcycles, third-party injuries, and possible payouts for lost income or future medical expenses. Comprehensive: This policy also includes uninsured motorist coverage which pays out for accidents involving drivers who don’t have any form of automobile insurance.

This policy also includes uninsured motorist coverage which pays out for accidents involving drivers who don’t have any form of automobile insurance. Uninsured/underinsured motorist: If you run into an uninsured driver or one with inadequate coverage, this policy will help to cover the costs associated with the accident.

How Motorcycle Insurance Works

Motorcycle insurance is important for a variety of reasons. Not only does it protect you in the event of an accident, but it can also help cover costs associated with motorcycle repairs or replacements should something go wrong.

Here’s a look at how motorcycle insurance works:

When you buy motorcycle insurance, you’re typically covered for damage to your bike that results from an accident. In addition, most policies include coverage for theft and vandalism. You may also be able to purchase additional coverage if you want. Many policies also offer benefits such as roadside assistance and collision forgiveness.

To find the best motorcycle insurance policy for you, start by doing some research. Compare rates from different companies and find one that offers the coverage you need at a price you can afford. Once you’ve found a policy, get a free quote from the insurer to make sure you’re fully protected.

The best time to get Motorcycle insurance

Motorcycle insurance is a valuable investment for those who ride motorcycles. A motorcycle can be a fun and exciting way to travel, but it can also be an expensive piece of equipment. That’s why it’s important to find the best motorcycle insurance policy for your needs. Here are some things to keep in mind when looking for motorcycle insurance:

– Make sure you are covered for both liability and property damage;
– Consider whether you need comprehensive or collision coverage;
– Check the rates offered by different companies; and
– Compare policies carefully before settling on one.

There are many factors to consider when getting motorcycle insurance, but by following these tips you should be able to find the best policy for your needs. Start your search today by getting a free quote from one of our trusted providers!

Get a Free Motorcycle Insurance Quote Today!

Motorcycle insurance is a great way to protect yourself and your bike if something happens. There are a lot of factors to consider when getting a quote, so get a free quote today!

The amount of coverage you need depends on the type of motorcycle you have, where you live, and the traffic conditions in your area. Some basic coverage includes property damage, liability, and collision.

To get a free motorcycle insurance quote, first create an account with one of our trusted providers. Once you have created your account, simply enter the make, model, year, and mileage of your bike into the provided fields and click “get a quote”.

You will be presented with several options for coverage depending on your needs. Compare quotes quickly and easily to find the best option for you!

Our Top Picks for the Best Motorcycle Insurance Companies

  • Progressive – Best for Accident Forgiveness
  • Harley-Davidson – Best for New Riders
  • Foremost – Best for Track Riders
  • Markel – Best for Mechanical Breakdown Coverage
  • Nationwide – Best for Motorcycle Collectors
  • Safeco – Best for Homemade and Kit Bikes

Best Motorcycle Insurance Company Reviews

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.

Pros
  • Forgives claims of less than $500
  • Add-ons for original parts and accessories
  • Diminishing deductible with comprehensive and collision
  • Covers full replacement cost and carry-on items
Cons
  • Customer satisfaction rating is low
  • Only three discounts offered
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
819/1000 (Above average)
A.M. Best Financial Strength Rating
A+ (Superior)

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).

Other companies we considered

USAA

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.

Pros
  • Great customer service
  • Issued by Progressive
Cons
  • Restricted to military service members and family
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
909/1000 (Above average)
A.M. Best Financial Strength Rating
A++ (Superior)

GEICO

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.

Pros
  • Helmet and bike accessories are covered under Comprehensive and Collision
  • Free emergency roadside service and towing
  • Discount for Motorcycle Safety Foundation instructors
  • Free Quote
Cons
  • Accessories coverage only up to $20,000, less than other insurers
  • Fewer add-ons and discounts than other companies
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
881/1000 (Above average)
A.M. Best Financial Strength Rating
A++ (Superior)

Farmers

Farmers offer 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.

Pros
  • Track-day insurance for non-competitive riding
  • Includes helmet and safety apparel coverage
  • Offers first-accident forgiveness
  • Covers legal ATVs and trailers
Cons
  • Lists fewer discounts than its subsidiary, Foremost
  • Limited customer service hours
  • Does not sell policies online
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
893/1000 (Above average)
A.M. Best Financial Strength rating (Excellent)

Allstate

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.

Pros
  • Includes $1,000 in accessories coverage
  • Offers new motorcycle extended protection and gap coverage
  • First-accident waiver available for eligible customers
  • ​​Offers motorcycle and off-road vehicle transport trailer damage
  • Multi-policy discount
Cons
  • Doesn’t cover antique motorcycles
  • Only covers after-market parts
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
870/1000
A.M. Best Financial Strength Rating
A+

Dairyland

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.

Pros
  • Original manufacturer replacement parts add-on
  • Discounts for Harley Owners Group (H.O.G.) riders
  • Offers full replacement cost coverage
Cons
  • Few discounts compared to other companies
  • Motorcycle coverage is limited to 45 states
  • No online claims processing
HIGHLIGHTS
J.D. Power Customer Satisfaction Score
N/A
A.M. Best Financial Strength Rating
A+ (Superior)

Motorcycle Insurance Guide

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.

Best Motorcycle Insurance Companies

Types of motorcycle insurance

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:

Bodily injury liability and property damage liability

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

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.

Comprehensive coverage

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.

Coverage for custom parts

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.

Coverage for accessories

Damage to accessories like saddlebags, trunk boxes, CB radios, or other optional equipment that is added to the motorcycle is 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.

Uninsured/underinsured motorist coverage

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.

Total loss 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.

Motorcycle insurance requirements by state

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.

  • Florida, Montana, and Washington don’t require motorcycle insurance. They also don’t enforce legal or financial consequences if you don’t have one.
  • In Arizona, all motor vehicles operated on a roadway must have a minimum level of liability insurance: $25,000 bodily injury liability for one person/$50,000 for two or more people, and $15,000 property damage liability.
  • In Virginia, drivers are charged an annual fee if they don’t have insurance.
  • In all other states, you are legally required to carry property damage and bodily injury liability policies.

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.

What states require dirt bike insurance?

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.

Other important information about motorcycle insurance

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.

Deciding how much motorcycle coverage to get

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.

Finding the right motorcycle insurance policy

  • Know what affects your premiums – Like auto insurance, motorcycle insurance rates will depend on factors such as your age, driving history, zip code, the make and year of your motorcycle, and the number of miles you drive annually.
  • Look for ways to lower your premiums – Taking a motorcycle safety course can help reduce your premium if you are under 25 or have had an accident in the past. Most motorcycle insurers offer plenty of discounts for driving safely, installing anti-lock brakes and anti-theft devices, being part of a rider organization, and many more.
  • Be careful with bundling – While bundling your motorcycle insurance with your car or home insurance could help you save, buying policies individually may be less expensive in some cases.
  • Consider lay-up policies – If you live in a state where it’s harder to ride during winter, a lay-up policy allows you to pause liability and collision coverage during the winter months while keeping your comprehensive coverage active.
  • Consider lay-up policies – If you live in a state where it’s harder to ride during winter, a lay-up policy allows you to pause liability and collision coverage during the winter months while keeping your comprehensive coverage active.
  • Shop around – Shopping around and comparing motorcycle insurance quotes can help get more affordable motorcycle insurance. Also, keep in mind that not all insurers cover every type of bike. While most will cover cruisers, touring bikes, dirt bikes, trikes, sports bikes, and mopeds/scooters, some will not cover race bikes or vintage bikes (of over 25 years).

Helmet laws for motorcyclists

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.

  • In 21 states and the District of Columbia, universal helmet laws require both drivers and passengers to wear this protection.
  • Wearing a helmet is required in 27 other states if you’re under the age of 18 or 21.
  • Three states — New Hampshire, Illinois, and Iowa — don’t mandate helmet use for any riders.

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).

Recent Articles Related to Motorcycle Insurance

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.

How We Found the Best Motorcycle Insurance Companies of 2022

To find the best motorcycle insurance companies, we looked at:

  • Types of coverage– We cataloged motorcycle insurance products from the top insurance companies looking for features that made them stand out from the rest.
  • Discounts– We compared discounts and covered motorcycle types.
  • Customer service– We favored lenders that offer 24/7 claims processing and customer service.
  • Customer satisfaction and financial stability– We considered J.D. Power’s latest U.S. Auto Claims Satisfaction Study as a measure of customer satisfaction with each company, as well as A.M. Best financial strength ratings as evidence of financial stability and ability to pay out claims.

Summary of Money’s Best Motorcycle Insurance Companies of 2022

  • Progressive – Best for Accident Forgiveness
  • Harley-Davidson – Best for New Riders
  • Foremost – Best for Track Riders
  • Markel – Best for Mechanical Breakdown Coverage
  • Nationwide – Best for Motorcycle Collectors
  • Safeco – Best for Homemade and Kit Bikes

Best Motorcycle Insurance FAQ

How much is motorcycle insurance?

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.

Is motorcycle insurance cheaper than car insurance?

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.

Who has the best motorcycle insurance?

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.

How to get motorcycle insurance?

You can get a Best Motorcycle Insurance companies 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.

How does motorcycle insurance work?

Best Motorcycle Insurance companies work 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.

Read Also:Best Motorcycle Accident Lawyer 2022 Worldwide

Conclusion

It can be difficult to know which Best Motorcycle Insurance company is the best for you. That’s why we want to help! We offer a free and fast quote for motorcycle insurance, so please give us a call today. Thanks for reading!

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