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The Best Motorcycle Insurance Companies

Is there a need to buy insurance for a motorcycle? I think that question is very necessary so long as you live in the United States and other countries that require all motorcyclists by law to be under insurance coverage if there must be a ride on the street and highways.

Be it as it may, I’m not here to talk about the need to have your motorcycle insured. Far from that. I’m here to help you choose the best motorcycle insurance company that meets your needs. Only keep reading.Motorcycle Insurance Companies

To start with, I did all within my professional ability (in other words, my best) after in-depth research for about three hours.

In the end, I was able to put together the top-rated Motorcycle insurance companies over various categories to help you make better choices as the quality of an Insurance coverage coupled with affordable prices and great customer service makes a good Motorcycle insurance company.

Progressive – Best Motorcycle Insurance for daily riding

This is our first choice for motorcycle riders as it has affordable coverage, free add-ons, and generally a range of discounts, and all these are included at no extra cost.

More so, its policies provide full replacement cost coverage which ensures that your motorcycle is restored to the condition to which it was before the accident without considering deduction for depreciation of the motorcycle.

Also, the fact that guarantee a replacement of your motorcycle spare parts whether original or custom parts. It is also a great choice as its premium is generally low due to its long discounts and accident forgiveness programs.

Be it as it may, it is good that you know that after 4 years of accident-free with progressive, and then an accident happens, this first accident won’t be counted for you as long as the accident costs them more than $500.

GEICO – Best Motorcycle Insurance for low-cost coverage

Known as the cheapest motorcycle insurance company that offers lots of discounts and allows its subscribers to make payments in installments.

Further, another feature that makes GEICO stay afloat as one of the best is the fact that their newcomers with previous policies at a different insurer get an automatic discount of up to 10%, just for switching to GEICO.

More so, you can also get a discount as a customer when you renew your motorcycle insurance.

Foremost – Best Motorcycle Insurance for custom bikes

Foremost offers the best coverage for customized bikes and its insurance policies provide high optional equipment coverage limits.

That said, one of its interesting features is High OEM and custom parts limits and also the availability of accessories coverage. Some of the examples of what foremost covers include; chroming, custom paint jobs, and sidecars. It also provides $1,500 in coverage for helmet and gloves and other protective equipment.

On the other hand, you can increase your coverage limit with Foremost from $3,500 to $15,000 with no additional cost to riders. Foremost, also do not offer insurance policies in Hawaii and Massachusetts only but everywhere.

Markel – Best Motorcycle Insurance for collectors

Markel has been in this business of motorcycle insurance for over 40 years and provides coverage for a wide array of motorcycle types by offering multiunit discounts that lower a policy holder’s quote.

But that is if they have more than one motorcycle insurance policy with the company and also having a diminishing deductible makes it a great choice.

In the same manner, Markel is the best motorcycle insurance company for Hobbyists and collectors. Examples of motorcycles Markel offers coverage to includes; Cruisers, Sportbikes, touring motorcycles, sport- touring bikes. Next, Big twins, Street bikes, Scooters, Mopeds, Dirt bikes, Trikes, and motorcycles.

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Dairyland – Motorcycle Insurance Companies for occasional riding

Dairyland’s insurance provides a quote for temporary motorcycle insurance policy and so is best for international visitors, Occasional motorcycle riders. Its insurance policy is available in increments of 30, 60, and 90 days and only offers coverage for a driver and motorcycle.

United States Automobile Association (USAA) – Best Motorcycle Insurance for military veterans

This is the best motorcycle insurance company for active service members, cadets, veterans, midshipmen at service academies, and military families as they offer military-only-discounts to help reduce the premium.

That said, its amazing features include; Military specific discounts, highly rated customer service and it offers loan financing for bikes.

USAA does not offer its services directly to its members but redirects them to Progressive, who still offer military members, veterans, and their families extra discounts and cheaper rates. USAA also offers up to 100% loan motorcycle financing.

How do I know the best-rated Motorcycle Insurance Companies?

A best-rated motorcycle insurance company is one that combines great customer service with affordability and also has the financial ability to cover claims in any situation. A.M Best and J.D power help you do the mathematics.

Motorcycle Insurance Rating by A.M Best and J.D Power

A.M Best is a prominent rating agency good in analyzing companies based on their financial strength while J.D power is an industry expert that helps determine the best-rated insurance companies for overall good customer satisfaction.

Motorcycle Insurance Company A.M. Best J.D. Power
Progressive A+ (Superior) 3
GEICO A++ (Superior) 4
Foremost A (Excellent) NR
USAA A++ (Superior) 5
Markel A (Excellent) NR
Dairyland A+ (Superior) NR

 

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.Best Motorcycle Insurance Companies

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.

Content Breakdown:

  • Best Motorcycle Insurance Companies
  • What to Look for When Buying Motorcycle Insurance
  • Progressive
  • GEICO
  • Foremost
  • USAA
  • Markel
  • Dairyland
  • 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, comments 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 bring 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.

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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;

  1. Cheap and Good rate (good Insurance rates)
  2. Excellent customer services
  3. Wide coverage options for different needs
  4. Longevity in the insurance space
  5. Adequate coverage of the risk insured

#1: Progressive

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 ensures 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, and upgrades with collision. Here is the best part of Progressive motorcycle insurer packages, if you have no accident records in four years at stretch. You will enjoy long-term discounts and accident forgiveness on your first accident.

#2: GEICO

Motorcyclists seeking low-cost coverage motorcycle insurance should give GEICO 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 an even more costly fee on a long 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 places motorcycle riders are found – California. GEICO Motorcycle Insurance policy includes:

  • 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.

#3: Foremost

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
  • Chroming
  • Custom paint jobs
  • Sidecars

#4: USAA

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.

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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

#5: Markel

Markel Corporation is an all-around motorcycle insurance company. In that, the company insures all bike models and types. Also, Markel offers multiple discounts and has 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, and 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 a 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.

#6: Dairyland

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

Above all, if you read to this point, I trust the post was helpful. However, if proven otherwise. As a result, if there is a fact or info you would want me to correct or add to the post. Maybe, a question. Best of all, a thank you comment. It’s no big deal, use the comment box below. I am delighted to hear from you.

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