Like most types of insurance, motorcycle insurance rates are based on a number of factors. Your insurance can cover the cost of your bike, the liability limit you’ve chosen and the medical coverage you’ve chosen, but then insurers start to consider factors that can affect the likelihood of a claim. Expect a wide range of prices depending on some of the risk factors.
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Factors that Impact Motorcycle Premiums
In a low-traffic state with full coverage and an experienced rider with a clean driving record, your motorcycle insurance might cost less than $300 per year. However, if you’re in a more populated area (and maybe your driving record is less-than-perfect) the insurance cost for your motorcycle can easily be several times as much.
Here are some of the biggest factors that can affect your insurance cost:
- Insured value refers to the coverage limits you choose and to the value of your bike. If you choose higher medical coverage limits or higher liability limits, the potential claim payout for the insurer is also higher. Expect rates to climb with higher coverage limits. The bike itself is also a potential loss, so a more expensive bike is more expensive to insure.
- Age or driving experience. Younger drivers tend to pay much higher rates as do newer drivers. In fact, some insurers won’t insure new drivers at all. The roads can be dangerous and experience can often make a difference in knowing how to avoid an accident.
- Type of vehicle. A newer sport motorcycle will probably cost a lot more to insure than a 10-year old touring bike. Insurers look at the average cost of a claim when they consider the type of bike. Engine displacement can make a difference as well, and bigger engines often lead to higher premiums.
- How the motorcycle is used. Occasional sunny-day riders can generally expect to pay less than those who use their bikes daily for their commute.
- Location. More congested areas tend to have higher rates, as do areas with higher vehicle theft rates. Also, some states are more expensive than others due to state-imposed insurance regulations.
- Driving and claims history. Careful driving can pay dividends in the form of lower insurance rates. Insurers look at your driving history, including moving violations. Prior claims (including auto claims) can affect your insurance rates as well.
- Your credit score or insurance score. Insurers may use your credit score as a rating factor when setting a policy premium. This practice is very common for auto insurance and home insurance as well. In some cases, an “insurance score” is used, which evaluates both credit and claim history.
- Deductibles. The deductible is the part of the claim that you pay. Choosing a higher deductible means you assume more of the risk yourself and that the insurer pays out less in a claim. Rates tend to be lower when you choose a higher deductible. It’s worth asking how much of a difference the deductible makes for your premium. For example, choosing a higher deductible for comprehensive coverage often doesn’t make much difference to your cost but can effectively reduce your coverage amount.
- Drivers safety courses. You can reduce your cost by bundling auto and motorcycle insurance or complete driver safety courses. Discounts are often available for bike club members as well. Be sure to ask your agent which discounts you can earn.
Full Coverage Motorcycle Insurance Quotes
| Company | States Offered | 12-month Policy Quote |
|---|---|---|
| Allstate | All | $874 |
| Dairyland | 34 states | $694 |
| Esurance | Arizona, Arkansas, California, Florida,Illinois, Indiana, Maryland, Minnesota,Montana, Ohio, Pennsylvania, Tennessee,Texas, Virginia, Wisconsin | $762 |
| GEICO | All | $757 |
| Harley Davidson Insurance | All except Alaska, Hawaii, Washington D.C. | $1,249 |
| Markel | All except Massachusetts and North Carolina | $1,378 |
| Progressive | All | $1,394 |
| Rider | Delaware, Indiana, Maryland, Michigan,New Jersey, Ohio, Pennsylvania, Virginia | $1,813 |
Motorcycle Insurance Discounts
| Company | Discounts Offered | Overall Rating |
|---|---|---|
| AAA | Multiple bike, Loyalty, Homeowner, Claims-free, Anti-theft, Safety course | 4.7 |
| Allstate | Multiple bike, Homeowner, Riding group, Claims-free, Rider experience, Anti-lock brake, Safety course | 5.0 |
| American Modern | Multiple bike, Homeowner, Claims-free, Safety course | 4.0 |
| Ameriprise | Multiple bike, Loyalty, Claims-free, Smart rider, Anti-lock brake, Anti-theft, Safety course | 4.0 |
| Amica | Multiple bike, Homeowner, Anti-lock brake, Anti-theft | 4.0 |
| Auto-Owners | Multiple bike, Homeowner, Anti-lock brake, Anti-theft, Safety course | 4.0 |
| Farmers | Multiple bike, Loyalty, Homeowner, Riding group, Anti-lock brake | 4.3 |
| Foremost | Multiple bike, Loyalty, Homeowner, Riding group, Anti-lock brake, Anti-theft, Safety course | 4.7 |
| GEICO | Multiple bike, Loyalty, Homeowner, Rider experience, Anti-theft, Safety course | 5.0 |
| Hagerty | Multiple bike | 3.7 |
| Harley Davidson Insurance | Multiple bike, Loyalty, Homeowner, Riding group, Claims-free, Rider experience, Anti-theft, Safety course, Motorcycle license | 3.7 |
| Liberty Mutual | Multiple bike, Homeowner, Riding group, Rider experience, Anti-lock brake, Anti-theft, Safety course | 4.7 |
| Markel | Multiple bike, Loyalty, Claims-free, Rider experience, Anti-lock brake, Anti-theft, Safety course | 4.0 |
| MetLife | Multiple bike, Claims-free, Anti-lock brake, Anti-theft, Safety course | 4.7 |
| National General | Multiple bike, Homeowner, Claims-free | 4.7 |
| Nationwide | Multiple bike, Homeowner, Riding group, Anti-lock brake, Safety course | 4.7 |
| Progressive | Multiple bike, Homeowner, Claims-free, Anti-lock brake, Safety course, Motorcycle license | 4.3 |
| Rider Insurance | Multiple bike, Loyalty, Homeowner, Military, Riding group, Claims-free, Rider experience, Smart rider, Anti-lock brake, Anti-theft, Safety course, Motorcycle license | 3.0 |
| Safeco | Multiple bike, Loyalty, Homeowner, Riding group, Claims-free, Rider experience, Anti-lock brake, Anti-theft, Safety course | 4.3 |
| State Farm | Multiple bike, Homeowner, Claims-free, Anti-theft, Safety course | 4.7 |
| USAA | Multiple bike, Loyalty, Military, Claims-free, Safety course | 5.0 |
| Westfield | n/a | 3.3 |
The Cheapest Full Coverage Motorcycle Insurance
Motorcyclists have different coverage needs and priorities. Below are some of the best motorcycle insurance companies we’ve reviewed. Note that not all insurers operate in all states.
1. Allstate
Motorcycle coverage with Allstate includes roadside assistance and their claims and customer service is available 24/7. Their mobile app makes filing a claim quick and easy. Bodily injury, property damage, medical payments, collision, and comprehensive coverage are among the options they offer. You can earn a discount through:
- Insuring more than one bike
- Owning a home
- Belonging to a riding group
- Being an experienced rider
- Having anti-lock brakes
- Safety course certificates
Get your customized quote with their online quote tool or speak to an agent directly.
2. Dairyland Motorcycle Insurance
Dairyland came in number one with the cheapest motorcycle insurance quote. They have several coverage options and discounts that go a long way. With the more traditional options included in the policy, you can also add trip protection, roadside assistance, rental coverage, and total loss replacement. Discounts include:
- Multiple-bike
- Loyalty
- Homeowner
- Riding group
- Safety course
Dairyland is available in the following states: : Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Use Diaryland’s online quote tool to get your own personalized quote online.
3. Esurance
Esurance is among the cheaper motorcycle rates and they maintain good coverage options. Medical payment, trailer coverage, trip interruption, and accessories and helmet coverage are optional and can be added to your policy easily. See if you qualify for these discounts for an even lower rate:
- Multiple-bike
- Loyalty
- Homeowner
- Riding group
- Claims-free
- Rider experience
- Smart rider
- Anti-lock brakes
- Anti-theft
- Motorcycle endorsement
You can find the online quote tool here to get your unique quote.
4. GEICO
Insuring your bike with GEICO will afford you one of the cheaper motorcycle policies and you don’t have to compromise on coverage. Enjoy all the standard coverage options and add on ones that you like such as roadside assistance, accessories coverage, and total loss replacement. You might qualify for an even cheaper rate by applying one of these discounts:
- Transfer
- Multiple-bike
- Loyalty
- Homeowner
- Rider experience
- Anti-theft
- Safety Course
GEICO’S online quote tool takes just a few minutes to fill out and you will have your personalized quote ready today.
5. Harley Davidson Insurance
Comparing the other quotes to Harley Davidson makes this provider rank higher on the cheapest motorcycle coverage scale but their customer service, claims, coverage, and discount options are truly worth the price. They cover just about everything included in their policies and have quite a few discounts to bring that price down:
- Multiple-bike
- Loyalty
- Homeowner
- Riding group
- Claims-free
- Rider experience
- Anti-theft
- Safety course
- Motorcycle endorsement
Get a quote online in minutes and start your coverage now.
6. Markel
Markel falls in the average category for cheap motorcycle coverage but they do offer great coverage options and a 24/7 claims service. Aside from the standard coverage options they also have guest passenger liability, trailer coverage, trip interruption, rental coverage, and accessories/helmet coverage. Your rate could get a lot lower if you apply the following discounts:
- Transfer
- Multiple-bike
- Loyalty
- Claims-free
- Rider experience
- Anti-lock
- Anti-theft
- Rider safety course
Markel’s online quote tool makes it easy for you to get a quote that fits your needs and bike.
7. Progressive
Progressive offers its customers 24/7 customer service and claims and also a mobile app so customers can file claims or look up their policy with ease. They offer custom parts coverage, total loss replacement, and roadside assistance to their standard coverage. The discounts they offer include:
- Transfer
- Multi-bike
- Homeowner
- Claims-free
- Anti-lock
- Endorsement
Get a Progressive quote in just a couple minutes by filling out their online quote tool and make your motorcycle coverage even cheaper.
8. Rider
At Rider, you can find an average price with coverage that rivals competitors. Though their coverage span is not great, if you luck out and are in one of the states they serve you can cover your bike with more than peace of mind. Roadside assistance is included in their policies as well as trip interruption, accessories coverage, and helmet protection. Get your rate even lower with these discounts:
- Transfer
- Multi-bike
- Loyalty
- Military
- Riding group
- Claims-free
- Rider experience
- Smart rider
- Anti-lock
- Anti-theft
- Safety course
- Endorsement
Check out their online quote tool to get a customized quote.
Want to learn more about insurance discounts? Read our articles on best cheap car insurance, how to lower your car insurance, and best affordable healthcare.
*Metrics used for quote: 2017 Harley Davidson FLHTK, 35-year-old male, discounts applied. Policies reflect full coverage options. We make every effort to provide the most accurate quotes based on the profile above. Due to the many combined variables involved in insurance quotes, the only way to get an accurate quote is to enter your own information through our partners’ secure websites.
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