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By Ana Reina and Javier Cruz
Updated: September 14, 2021 9:46 AM ET | Originally published: June 16, 2021

Motorcycle insurance protects you, your vehicle, and any property or bystander in case of an accident. Most states require motorcycle insurance coverage and depending on the rider, bike, and location, policies can range from a few hundred dollars up to $2,000.

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If your motorcycle isn’t insured, or if you’re looking to switch providers, read on to learn more about the best motorcycle insurance companies on the market, including discounts and benefits.

Our Top Picks for the Best Motorcycle Insurance Companies

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Best Motorcycle Insurance Company Reviews

Progressive - Best for Accident Forgiveness

Pros
  • Wide variety of available discounts
  • Ample add-on coverage options
  • Get a quote and purchase policies online
Cons
  • More expensive than other companies
  • Fewer customization options than most

Progressive stands out for its accident forgiveness benefits, which are automatically included in their auto insurance policies for certain accidents in most states.

  • Small accident forgiveness: your insurance rate stays the same if your total claim is less than or equal to $500.
  • Large accident forgiveness: you must be a Progressive customer for at least four years and accident-free for three and your rates won’t increase if you’re at fault in an accident, even if the total claim exceeds $500.

Progressive also writes policies for the broadest range of machines of any company on this list, ensuring regular motorcycles and mopeds, dirt bikes, sport bikes, performance bikes, autocycles, enduro bikes, touring bikes, three-wheel trikes, collectibles, scooters, ATVs, and UTVs.

GEICO - Best for Accessory Protection

Pros
  • Comprehensive and Collision coverage for your helmet and bike accessories
  • Free emergency roadside service
  • 7 discounts options to choose from
  • Choose to pay in a lump sum or payment plan
  • 24/7 customer service through phone, app, or live chat
Cons
  • Fewer add-ons than other companies
  • You might be ineligible for some discounts, like the mature riders discount

Geico includes accessories coverage with its comprehensive and collision policies, which means coverage for your helmet, non-stock sidecar, trike conversion kit, seats and saddlebags, electronic equipment, and chrome pieces at no additional cost.

Additionally, Geico has seven different discounts available, including 10% off your premium if you switch from a different carrier, if you insure more than one motorcycle with Geico, and if you become a loyal customer.

Harley-Davidson - Best for New Riders

Pros
  • Specializes in motorcycle insurance
  • Offers rental reimbursement coverage, roadside assistance, and equipment coverage
  • Offers discounts and benefits for Harley Owners Group members
  • Can insure, finance, and offer extended service plans for bikes
  • Submit claims online or over the phone 24/7
Cons
  • Coverage is unavailable in Alaska, Hawaii, or Washington, D.C.
  • Slightly more expensive than other insurance companies

What makes Harley-Davidson an excellent option for new riders is that it provides more than just insurance. Harley-Davidson also sells extended service plans, provides loans to buy your bike, and offers theft and appearance protection, all in one roof.

Discounts include multi-policy discounts for bundling policies, anti-theft, multi-cycle, military and law enforcement, prompt payer, and claim-free renewal. You can also reduce your insurance costs by completing safety courses from the Harley-Davidson Riding Academy.

Dairyland - Best for Vintage Motorcycles

Pros
  • Coverage option to use original manufacturer replacement parts in repairs
  • Discounts for Harley Owners Group riders
  • Sells SR22 insurance
  • Dedicated claims phone lines available 24/7
Cons
  • Motorcycle coverage limited to 45 states. Coverage unavailable in California, Hawaii, Louisiana, New Jersey, Oklahoma, and Washington, D.C.
  • No online claims processing

Besides the standard coverage and its Physical Damage plus add-on, Dairyland offers bike replacement-cost insurance, roadside assistance, trip interruption, and rental reimbursement. Dairyland’s Physical damage-plus coverage pays to repair your damaged bike with original equipment manufacturer replacement parts (OEM), which is ideal for new riders or experienced riders who own a rare or vintage motorcycle and want to preserve the machine’s integrity.

Finally, Dairyland also offers SR22 insurance for people with a history of driving violations, like DUI, DWI, reckless driving, at-fault accidents, driving without insurance, or driving without a license.

Farmers - Best for Track Riders

Pros
  • Track-day insurance for non-competitive riding
  • Benefit options for vintage and custom bikes, low-speed vehicles, legal ATVs, and transport trailers
  • Customer service via phone and email and live chat feature
Cons
  • Coverage and discount options can vary by region
  • Can only submit claims online

While most insurers won’t insure you if you’re using your bike on a track, Farmers stands out by offering track-day insurance for those looking to ride in a non-competitive bike course.

Farmers offers three pre-packaged plans — the Saver, the Plus, and the Elite.

Saver Package Plus Package Elite Pakcage
$500 safety apparel coverage $1,500 safety apparel coverage $2,500 safety apparel coverage
First accident forgiveness $3,500 optional equipment coverage $5,000 optional equipment coverage at replacement cost
Available optional equipment coverage Total loss settlement for two years based on the value of a new motorcycle $2,000 personal effects coverage at replacement cost
Available towing and roadside assistance coverage Trip interruption and track day coverage Total loss settlement for five years based on the value of a new motorcycle
Reasonable and necessary expenses for towing and roadside assistance Enhanced rental coverage
Diminishing deductible
Diminishing waiver

Allstate - Best for Bundling

Pros
  • Offers a 30% discount for bundling
  • Better-than-average coverage options
Cons
  • Doesn't cover antique motorcycles
  • Only 5 available discounts

Bundle your bike insurance with any other insurance product offered by Allstate and save up to 30% off your premiums. This is among the best bundling discounts on the market, as these types of discounts usually cap at ten or fifteen percent.

The company also has excellent add-ons for your motorcycle insurance, including lease/loan gap coverage and a first-accident waiver.

On the downside, Allstate has only five motorcycle insurance discounts available, which is lower than other companies on this list.

Markel - Best for Discounts

Pros
  • 9 different available discounts 
  • Coverage variety includes mechanical breakdown coverage
  • Accident forgiveness program available
  • 24/7 claims support by phone
Cons
  • Not available in all states
  • Rates vary by state

Markel has nine different discounts, and most of them have easy requisites, such as installing anti-lock brakes on your bike, insuring multiple motorcycles, being a safe driver, and renewing your policy. Besides standard offerings, Markel also has a variety of additional coverage options, like allowing policyholders to insure their trailers, as well as mechanical breakdown coverage.

Markel also has an accident forgiveness program, which helps you waive any at-fault surcharges for your first at-fault loss. Unfortunately, you have to be accident-free for four consecutive years to be eligible.

Motorcycle Insurance Guide

Types of Motorcycle Insurance

When you’re shopping around, you want to find the right motorcycle insurance policy for your budget as well as the bike you’re insuring. To purchase the best insurance coverage for your needs, you must first understand the different types of motorcycle insurance.

The most common types of coverage are:

Bodily injury liability

Protects you financially against bodily injury and property damage liability lawsuits in the event of an accident involving another person. Some insurers also include guest passenger liability coverage or sell it as a separate add-on.

Motorcycle collision

If you’re in an accident with another vehicle, motorcycle collision coverage takes care of damages suffered by your bike. It does not pay for damage you cause to other vehicles, or medical expenses (whether yours or another driver’s).

Comprehensive coverage

Covers your vehicle from damages caused by theft, vandalism, or fire.

Coverage for custom parts

Most comprehensive and collision policies only cover original factory parts. Coverage for custom parts takes into account your vehicle’s sidecars, chrome parts, custom paint jobs, and other items.

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 also cover lost wages, medical payments, and, in some instances, property damage. Some states might require you to add an Uninsured Motorist policy by law.

Additionally, there are other forms of insurance that can help cover your motorcycle or your belongings inside, such as umbrella insurance and renters insurance.

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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. To quicken your search, we’ve organized each insurance requirement below.

  • 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, motorcyclists must prove they can cover the costs of a potential accident by submitting a check to the DMV.
  • In Virginia, drivers are charged an annual fee if they don’t have insurance.
  • In all other states, motorcycle insurance is a requirement. Additionally, you are required to have property damage and bodily injury liability.

Other Important Information About Motorcycle Insurance

  • What affects premiums? Just like when insuring a car, your motorcycle insurance premiums are affected by factors like age, driving history, zip code, the make and year of the motorcycle, and how many miles you drive annually.
  • Ways to lower your Premiums: Taking a riding course can help lower your premium if you’re under the age of 25 or if you’ve had an accident in the past.
  • Consider lay-up policies: If you live in a state that’s harder to ride during winter, consider this policy. Lay-up policies allow you to stop paying liability and collision coverage while keeping your comprehensive coverage active.
  • Consider track day insurance: If you occasionally ride on a track, make sure your insurer covers you on track days. Some insurers don’t cover track use at all, while others only cover track usage if you’re not competing in a race.
  • 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 a helmet not approved by the US Department of Transportation (USDOT).
  • Be careful with bundling: While bundling your motorcycle insurance with your car’s or homeowners insurance could help you save, in some cases, bundling can be more expensive than purchasing policies individually.
  • Shop around: Always shop around and compare premiums before settling on an insurance company.

Helmet Laws for Motorcyclists:

The U.S. Centers for Disease Control and Prevention (CDC) states that helmets reduce motorcycle rider fatalities by between 22% and 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 a further 27 states if you’re under 18 or 21 years old.
  • Three states — New Hampshire, Illinois, and Iowa — don’t mandate helmet use for any riders.

According to the Insurance Institute for Highway Safety, states with light helmet laws have higher injury and mortality rates than those with stronger helmet regulations.

Best Motorcycle Insurance FAQ
How much is motorcycle insurance?
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On average, motorcycle insurance in the US costs $1,173 a year. However, rates vary due to driving habits, place of residence, age, and the amount of coverage. Although not featured in our list, Safeco offers cheap motorcycle insurance.
How to get motorcycle insurance?
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You can get motorcycle insurance either by visiting an insurance company of your choice in person, by phone, or online. Remember to always have information about your motorcycle, driving record, and insurance history at hand, as insurers usually ask you about these subjects to determine premiums.
Is motorcycle insurance cheaper than car insurance?
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In most cases, motorcycle insurance is much cheaper than car insurance. This also applies to motorcycle parts and vehicle replacement costs, as replacing a motorcycle part or a totaled bike is less expensive than that of a car.
How does motorcycle insurance work?
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Like car insurance, motorcycle insurance protects you and your vehicle from being liable if there is an accident. If you suffer an accident, whether at fault or not, and have the proper liability coverage, your insurer will cover the accident costs. However, before the insurance kicks in, most companies ask you to pay for a deductible. For example, if your deductible is set to $800 and motorcycle repairs amount to $3,000, you'd have to pay $800 first, and the insurer would cover the remaining $2,200.
How much motorcycle coverage should I get?
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The amount of 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.
How long do you have to wait to get insurance after buying a motorcycle?
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Since most states legally require you to get motorcycle insurance, it's important to get your new bike insured as fast as possible, and before you drive on the open road. You can do this either by getting a phone or online motorcycle insurance quote from an insurer. For states that don't require insurance by law, you can opt to buy it later, but you risk being liable if you suffer an accident.

How We Found the Best Motorcycle Insurance Companies of 2021

To find the best motorcycle insurance companies on the market, we considered the factors we think matter most to consumers, including discounts, coverage, add-ons, claims process, and customer satisfaction.

Discounts

We favored lenders that offer a wide variety of discounts. Most insurers offer the standard discounts for taking a motorcycle safety course and buying multiple policies. Others reward customers for certain memberships and certifications and for remaining claim-free for several years. We also noted companies’ policies on forgiving accidents so that these mishaps won’t necessarily increase your motorcycle insurance rates. The more discounts your insurer offers, the greater your likelihood of snagging a lower rate.

Coverage and Add-Ons

We gave credit to companies that offer additional coverage and benefits, such as rental reimbursement, trip interruption, and accident forgiveness.

Claims Process and Customer Satisfaction

If you ever need to file a claim, you want the process to be as hassle-free as possible. We favored lenders that provide an online claims process and 24/7 customer service.

Summary of Money’s Best Motorcycle Insurance Companies of 2021