Helpfully, before I embarked on writing the best Motorcycle Insurance companies in the United States, I made a few, yet in-depth research on the topic.
In brief, I came across detailed written reviews on a few authority websites as well as people who have purchased motorcycle insurance from these insurance companies. Added with ratings from A.M. Best and J.D. Power. As a result, that gave birth to this post.
Gladly, I found a few new information about the reviewed insurance companies in this post published on just a few great blogs I researched. Thus, going over and beyond to bring more facts, info, and up to date content. I decided to put this post in front of you.
- Best Motorcycle Insurance Companies
- What to Look for When Buying Motorcycle Insurance
- Best Bike Insurance Companies Rating By J.D Power and A.M. Best
Let’s delve into what the post is all about, but before then, read the below.
Helpfully, before I went on writing this post, I made a few yet in-depth research on this topic.
In brief, I came across a list of motorcycle insurance companies. The list is quite a handful but went on to select the best-using customer reviews, comment on forums, and research from sites like A.M. Best and J.D. Power to draw my conclusion.
More so, gladly, I found a few pieces of details published on a few blogs I researched. Thus, going over and beyond, to bringing more facts, info, and up to date content. On the other hand, driven by helpfulness, I deemed it most kindful to include it in this post for your reference.
Best Motorcycle Insurance Companies
To start with, we bring to you the best insurance companies that insure motorcycles and cyclists with cheap coverage, and complete protection packages or plans. For the custom, the ride is Foremost, Markel, USAA, Dairyland, GEICO, and Progressive.
That said, these motorcycle insurance companies are best for different needs. Thus, our goal is to help you see what needs each fits in. Thereby, leaving you with an insight into the best insurers to choose.
In some states, it’s a law that every motorcycle needs insurance or the rider must be under motorcycle insurance for legal riding on public roads. However, what we are faced with is not whether to or not to buy insurance coverage for your motorcycle. What we are talking about is what motorcycle insurance company on the market is the best fit.
What to Look for When Buying Motorcycle Insurance
There are five things to look out for before purchasing motorcycle insurance coverage from any company. Best insurances packages should come with these four elements;
- Cheap and Good rate (good Insurance rates)
- Excellent customer services
- Wide coverage options for different needs
- Longevity in the insurance space
- Adequate coverage of the risk insured
If you are an everyday motorcycle rider then you need to consider progressive motorcycle insurance packages or plans. The reason is that the company offers discounts and complete coverage to customers. Added with the fact that the company offers an affordable package and free add-ons as you go. The company insures motorcycles such as ATVs & UTVs, Cruisers, Custom bikes, and Dirt bikes. Here is a range of Progressive motorcycle insurance policies for motorcyclists:
- Full replacement cost and no depreciation for parts
- Total loss coverage for a brand new bike
- Gear and personal belongings
- Accessories and custom parts/equipment (CPE)
- OEM parts
- Roadside assistance and trip interruption
- Carried Contents
- Disappearing deductible
- Enhanced injury protection
- Uninsured/ underinsured motorist (UM/UIM)
- Bodily injury and property damage liability (BI/PD)
More so, Progressive coverage covers up to $3,000 for custom parts damages, upgrades with collision. Here the best part of Progressive motorcycle insurer packages, if you have no accident records in four years at stretch. You will enjoy long term discount and accident forgiveness on your first accident.
Motorcyclists seeking for a low-cost coverage motorcycle insurance should give GEICO an excellent consideration. As GEICO motorcycle insurance company is cheap, offers lots of discounts, and best of all, it gives room for installment. Although, its installment comes with a fee and even a more costly fee on a longer gradual pay.
Shopfortool did a motorcycle insurance quote checking and noted that GEICO was the most affordable motorcycle insurance company. This is by a margin of 76% in Florida with an average motorcycle insurance cost of $374 per year. As well as in the most place motorcycle riders are found – California. GEICO Motorcycle Insurance policy include:
- Bodily injury liability coverage
- Collision coverage
- Complete coverage
- Property damage coverage
- Uninsured/underinsured motorist coverage
The GEICO discounts are what most bike riders find it difficult to resist. To further explain how new customers that already hold policies with other insurers get a 10% auto discount. An enticement for switching to GEICO. More so, people who already have a GEICO policy get a 10% loyalty discount as well.
If you own a Custom bike – Motorcycles custom-built by a shop, or yourself. Then, Foremost Insurance Company is your best fit. It’s simple, building a custom bike comes with lots of spending. So, it will be your best interest to find an auto insurance company that offers higher coverage limits able to insure the amount invested in customizing your bike.
For instance, Foremost covers up to $3,500 of coverage for customized equipment on its comprehensive policies at no additional cost to cyclists. Foremost also has a coverage limit on custom equipment up to $15,000. Furthermore, up to $1,500 in coverage for safety wearable accessories like helmets and goggles.
However, the only states Foremost don’t cover is Hawaii and Massachusetts. But covers other states in the U.S. Here is a list of Foremost Insurance policies;
- High OEM and custom parts limits
- Accessories coverage available
- Custom paint jobs
USAA offers specially discounted and low premium motorcycle insurance coverage to military veterans using a Progressive insurance company. In simple terms, the USAA offers insurance to military veterans.
Thus, directing Veterans (Active service members, Cadets, and midshipmen at service academies and Military families) to the Progressive insurance site.
It makes to lets you know that USAA offers insurance to motorcycles. On the other hand, USAA also provides insurance policies for ATVs, mopeds, and scooters. Here are a few coverages of the USAA insurance policies:
- Highly rated customer service
- Military-specific discounts
- 100% financing Loans for bikes
Markel Corporation is an all-around-motorcycle insurance company. In that, the company insures all bikes model and type. Also, the Markel offers multiple discounts and have proven to have lasted long in the auto insurance space for at least 40 years. Best of all is that there is no bike or motorcycle that can’t be insured by Markel such as Street bikes, Scooters. Next, Mopeds, Cruisers, Sportbikes, Touring motorcycles, Sport-touring bikes. Next, Big twins, Dirt bikes, Trikes, and just any Custom motorcycles.
In other words, if riding a motorcycle is part of your hobby. Then, you should consider Markel. More so, customers who hold Markel policy are eligible for a lower policy quote. Here is the list of Market Policies:
- Multi-bike discounts
- Coverage of all Kinds of Bike and all models
- Reduced deductible as you go accident-free each by 25% till you hit $0 deductibles.
If riding a bike or motorcycle is something you do occasionally or once in a while. Then, give Dairyland Insurance Company a considerable hit. The reason is simple since you often park your motorcycle, Dairyland gives you room to lower your coverage.
The best of it all is that the company has what is called Dairyland Cycle Visit USA Program. The program is designed for global visitors and travelers who would sometimes ride a motorcycle for the period of their stay in the U.S. So, whether you have just 30 days, 60 days, or 90 days to spend. You can apply for a Dairyland Cycle Visit USA that insures a driver and a motorcycle.
To this End…
In detail, I’m going to populate a list of the best motorcycle insurance companies as rated by policyholders, A.M Best and J.D Power. These rating companies are well-known sites in the auto insurance domain.
Best Motorcycle Insurance Companies Rating By J.D Power and A.M. Best
Motorcycle Insurance Company A.M. Best J.D. Power
Progressive A+ (Superior) 3
GEICO A++ (Superior) 4
Foremost A (Excellent) No rating
USAA A++ (Superior) 5
Markel A (Excellent) No rating
Dairyland A+ (Superior) No rating
Over To you
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