The Best Motorcycle Insurance Companies

Buying motorcycle insurance is about more than just complying with your state's registration requirements. The best motorcycle insurance companies offer competitive rates, dependable customer service, and a wide range of useful coverage options.

Our list of the best motorcycle insurance companies in various categories makes it simple to find one that meets your requirements.

Best for low-cost coverage: Geico

Geico is known for having some of the most affordable motorcycle insurance policies. This includes some of the states with the highest number of motorcycle riders, such as Florida and California. Geico was the most affordable motorcycle insurance company in Florida by a margin of 76 percent, with an average motorcycle insurance cost of $374 per year, according to our motorcycle insurance quote comparison.

Geico also provides a variety of motorcycle insurance discounts that can further reduce its rates. For example, newcomers with previous policies with another insurer receive an automatic discount of up to 10% when switching to Geico. If you already have Geico motorcycle insurance, renewing it will get you the same discount as a loyalty discount.

Another feature that distinguishes Geico as one of the best providers is that it allows policyholders to pay for their policy in instalments rather than all at once. This is ideal for motorcycle riders on a tight budget who do not want to pay for a policy in full up front. Keep in mind that you will most likely be charged a small fee for each instalment, with longer payment plans costing more.

Best for daily riders: Progressive

Progressive's deep discounts and coverage add-ons, many of which are included at no extra cost, make it an excellent low-cost option for people who ride their motorcycle on a daily basis. For example, all of Progressive's motorcycle insurance policies include full replacement cost coverage, which ensures that your motorcycle is restored to pre-accident condition without regard for depreciation.

Another benefit that contributes to Progressive being our first choice is its original equipment manufacturer (OEM) coverage, which ensures that any original or custom parts on your bike will be replaced with the same parts. With collision and comprehensive coverage, Progressive includes $3,000 in coverage for damage to custom parts, upgrades, and customizations.

Progressive also provides a plethora of discounts and accident forgiveness programs, opening up a plethora of options for keeping your premiums low. Furthermore, if you go four years without an accident and then have one, the first one will not be counted against you as long as the accident costs Progressive more than $500.

Best for custom bikes: Foremost

For those who enjoy customizing their motorcycles, Foremost motorcycle insurance policies provide high optional equipment coverage limits, making it our top-rated motorcycle insurance company. Foremost's comprehensive policies include an unusually high $3,500 in coverage for customized equipment at no extra cost to riders. Some of the topics covered include:

• The process of chroming
• Customized painting
• Sidecars are a type of vehicle that has two wheels

With Foremost, you can increase your coverage limit on custom equipment up to $15,000. In addition, the company provides $1,500 in coverage for safety equipment such as helmets and goggles. Most custom motorcycle drivers will be able to obtain coverage through Foremost, as it provides motorcycle insurance policies in all states except Hawaii and Massachusetts.

Best for military veterans: USAA

The United Services Automobile Association (USAA) does not directly provide motorcycle insurance, but it does refer its members to Progressive, one of the best companies for low-cost motorcycle insurance. Despite this detour, those who sign up for a Progressive motorcycle insurance policy through USAA will be eligible for military-specific discounts.

In other words, U.S. military members, veterans, and their families are eligible for additional discounts and the lowest rates on what we consider to be the best motorcycle insurance. Furthermore, USAA is the best motorcycle insurance provider based on customer feedback. Aside from motorcycles, USAA also offers insurance for ATVs, mopeds, and scooters.

Another advantage of purchasing motorcycle insurance from USAA is that it provides motorcycle loans and financing. As a result, it serves as a one-stop shop for those looking to buy a new motorcycle. Motorcycle loan financing is available from USAA up to 100%.

Who Qualifies for USAA?

• Veterans
• Service members who are currently serving
• Cadets and midshipmen in military academies
• Military families

Best for collectors: Markel

Markel has been insuring motorcycles for over 40 years, so it is well-versed in the needs of motorcycle enthusiasts. Markel is ideal for motorcycle enthusiasts because it offers multi-vehicle discounts and coverage for a wide range of motorcycle types.

If a policyholder has more than one motorcycle insurance policy with Markel, the multi-vehicle discount reduces their quote. Furthermore, Markel insures a wider range of motorcycles than many other insurers, making it ideal for anyone with a vintage motorcycle who is having difficulty finding coverage elsewhere. Here are some of the motorcycles that Markel insures:

• Cruisers
• Sport bikes
• Touring motorcycles
• Sport-touring bikes
• Big twins
• Street bikes
• Scooters
• Mopeds
• ATVs (all terrain vehicles)
• Tricycles
• Custom motorcycles

While Markel has features that appeal to enthusiasts, it also provides a unique way for safe motorcycle riders to save money with its "diminishing deductible." Every year you go accident-free, Markel will reduce your deductible by 25% until it is zero. It's one of the most cost-effective features for responsible motorcycle riders with high deductibles.

Best for occasional riding: Dairyland

Either you are a person who does not ride motorcycles frequently or you are a visitor from another country, Dairyland has the best motorcycle insurance for occasional riders. The customer-friendly nature of Dairyland's policy features the advantage of giving policyholders the ability to change their coverage limits at any time, particularly if their motorcycle is left out of use over the winter.

The Motorcycle USA/Dairyland Cycle, USA travel program additionally serves as the greatest place for international visitors to get motorcycle insurance. Through the program, international travelers can get a quote for a temporary motorcycle insurance policy, which they can then use to obtain a standard insurance policy. You can choose how many days of coverage you want, from 30, 60, or 90 days. The insurance plan covers one driver and a motorcycle.

The features of the Visit USA coverage can be applied to a motorcycle you already own, one you rent, or one you buy while you are in the United States.

Best-Rated Motorcycle Insurance Companies

The best motorcycle insurance companies are those that have both exceptional service and price competitiveness, along with the financial ability to respond to claims in any situation. Please see the table below, which describes how each of the top motorcycle insurance providers stacks up in the aforementioned areas.

*NR signifies that an entity is not rated; J.D. Power ratings are on a 5-point scale.

The results of J.D. Power's investigation into the highest-rated insurance providers indicate that it is possible to determine those that have satisfied customers. While J.D. Power does not exclusively evaluate insurance companies based on their motorcycle insurance policies, we used motorcycle insurance ratings as a proxy because both drivers are likely to have similar experiences.

As a result, all of the major motorcycle insurance carriers are rated by A.M. Best, a well-known ratings agency that examines companies based on their financial strength.