Best Motorcycle Insurance Companies In The United States - Appbing
October 2, 2022
Best Motorcycle Insurance Companies In The United States

Best Motorcycle Insurance Companies In The United States

Your motorcycle is your pride and joy, a huge investment you’ve made in yourself. It’s important that you protect it because accidents happen all the time on our roads. You know exactly what type of coverage or protection should be included with your bike insurance policy, but when trying to find an insurer that offers this level of security at an affordable cost you’re left scratching your head wondering where to start?

You’re ready to get on the road and start your new motorcycle adventure. But you don’t want to spend thousands of dollars outfitting yourself with a quality bike, or even more money on insurance. Insurance is one aspect that will make or break any purchase decision you make these days, but how do you know what kind of coverage is right for your needs? 

This article includes a list of the 5 best motorcycle insurance companies in America today along with some general advice that will help you find your perfect policy.

Do You Need Motorcycle Insurance?

Yes, you need insurance if you have a motorcycle. Motorcycle insurance is a type of insurance that is designed to protect riders in the event that they are involved in an accident. The coverage and policies available vary by state and by company, so it is important to do your research before purchasing a policy. Some insurance companies offer policyholders the option to add a motorcycle endorsement or rider to their existing policy, but these options do not always provide the best, most thorough coverage. Motorcycles require specific types of coverage that are not always included in standalone policies. This can include liability protection, comprehensive and collision coverage, medical payments coverage, and more.

Motorcyclists are more likely to be in an accident than drivers of other types of vehicles, and for this reason, they should have liability insurance as well as other types of protection. This includes property damage and medical bills in case of an accident with another vehicle. In short, motorcycle insurance is important to have in case of an accident. There are a few different levels of motorcycle insurance, and each one offers different types of coverage. You can get motorcycle insurance through a variety of providers, including both independent agents and large companies. Motorcycle insurance usually costs around $50 a year, but it may be worth it to have peace of mind in case you’re in an accident.

What are the Different Types of Motorcycle Insurance?

There are many types of motorcycle insurance that you may need or want to add to your policy. These individual types of coverage include: bodily injury and property damage liability, collision coverage, comprehensive coverage, personal injury protection/medical payments, uninsured motorist coverage, and guaranteed asset protection (GAP) coverage.

There are various types of motorcycle insurance policies available in the United States. The most common policies are property damage, liability, and collision coverage. Property damage insurance will cover the cost of repairing or replacing your motorcycle if it is damaged in an accident. Liability insurance will protect you financially if you injure someone or damage their property while riding your motorcycle. Collision coverage will pay for the repairs to your bike if it is involved in a collision with another vehicle.

Motorcycle insurance is important for anyone who owns a motorcycle. It can help cover the costs of repairing or replacing your bike if it is damaged in an accident, as well as covering costs related to personal injuries sustained while riding. There are different types of motorcycle insurance available, depending on the type of bike you have and the policy limits you choose.

What does motorcycle insurance cover?

Accessories Coverage

When signing a policy for accessories coverage, it is important to negotiate a payout for a totalled bike. Many policies only pay out the book value of a motorcycle right before an accident, which may not be enough to cover the cost of replacement or repairs.

Helmet Coverage

At Farmers, we want to make it easy for you to insure your motorcycle. That’s why we offer liability, collision, and coverage for anything other than collision in three transparent packages: Saver, Plus, and Elite. With Farmers Insurance, you have the peace of mind that comes with knowing you’re fully protected.

There are a few different packages that motorcycle insurance can come in. The Saver Package, for example, includes $500 worth of safety apparel coverage, first accident forgiveness, and optional equipment coverage up to $1,500. The Plus Package increases safety apparel coverage to $1,500, with $3,500 in optional equipment coverage. There are also a number of other benefits included with these packages like total loss settlement and roadside assistance expenses. 

Additionally, the Elite Package offers around $2,500 in safety apparel coverage, roughly $2,000 in personal effects coverage and approximately $5,000 in optional equipment coverage. Customizable options include increased liability limits and transport trailer coverage.

Emergency Roadside Service

GEICO offers roadside assistance for accidents and emergencies. This service is meant to help drivers who are in a tight spot, and GEICO strives to provide rapid responses to ensure a smooth claim filing process. Motorcycle insurance is not just for accidents. If you are stranded on the side of the road, your customer service agent will be there to help you get back on your way. They will provide you with the resources and support you need to get back on your journey as quickly as possible.

Top 5 Best Motorcycle Insurance Companies In The USA

Progressive

Progressive offers motorcycle insurance rates starting as low as $79 per year. This makes Progressive a good option for those looking for low-cost motorcycle insurance. All policies come with full replacement cost coverage with no depreciation, which means that your bike will be fully covered in the event of an accident, even if it is worth more than the policy limit. Progressive is one of the best motorcycle insurance companies because it offers a number of features that other providers do not. For example, Progressive guarantees that it will pay for Original Equipment Manufacturer (OEM) parts when getting your bike fixed after an accident. Additionally, you can manage your account and file a claim wherever you are with Progressive’s mobile app.

Progressive is one of the most popular motorcycle insurance companies in the United States. It offers a variety of discounts, including those for memberships in Harley Owners Group or United Services Automobile Association. Progressive is also an A+ rated company with a long history of providing quality service to its customers.

Markel

Markel is a company that offers specialized insurance products for businesses and individuals. They have an AM Best rating of A (Excellent), meaning that they are financially stable and can be trusted to pay out claims when needed. Motorcycle insurance from Markel is a great option for those looking for affordable rates. Policies start as low as $50 per year and can have up to 35% discounts. Mechanical breakdown coverage is available on select bikes, but not all of them.

Markel is one of the top motorcycle insurance companies in the USA and offers a few unique features. For example, accident forgiveness is offered if you go more than four years without getting into an accident. Additionally, discounts are available for customers who have claims-free years on their policy and those who switch companies. Finally, Markel has an A-rated safety record.

Safeco

Safeco is a Seattle-based insurance company that has been in business since the early 1900s. It offers a wide range of products, including motorcycle insurance, and is popular among riders because of its affordable prices and extensive coverage options. Safeco is one of the top motorcycle insurance providers in the United States. In addition to its own policies, Safeco agents may offer policies from other insurers, which can help you find the cheapest motorcycle insurance policy available. Safeco offers discounts on safety courses, riding clubs, claim-free coverage, storage space, anti-theft features and more.

Safeco is a motorcycle insurance provider that has an A+ BBB rating. However, customer satisfaction levels aren’t as high with Safeco as they are with some other top providers. Additionally, the claims servicing process may be slower than with insurers like Geico and State Farm.

GEICO

GEICO offers a variety of coverages, including medical payments, personal injury protection, emergency roadside assistance, towing and labor, and more. In addition to these standard coverages, GEICO also has discounts for customers who switch to the company or renew their policy with GEICO. GEICO is one of the best motorcycle insurance companies in the USA, covering a wide range of bikes. These include sport bikes, cruisers, Enduros, Scooters, Dirt bikes, Trikes and touring bikes. In addition to this, GEICO also offers flexible coverage options and competitive rates, making it a great choice for those looking for motorcycle insurance.

USAA

USAA is a company that provides insurance products and services to military members and their families. They are known for having excellent customer service, as well as for providing discounts on motorcycle insurance to military members.

USAA is a motorcycle insurance provider that offers military-specific discounts. In addition to discounted rates, USAA also offers loan financing for bikes. This makes it a great option for those looking for both affordable rates and easy financing. It also provides motorcycle loans and financing. U.S. military members, veterans and their families are able to take advantage of extra discounts and get the cheapest rates on one of the best motorcycle insurance policies. In addition to its excellent motorcycle insurance, USAA offers a variety of products and services to its customers, including life insurance, automobile insurance, home equity loans, credit cards, and retirement plans – making it one of the most comprehensive providers in the country.

Customers of USAA can use the website or phone line to obtain information about products and find a local agent. In addition, the USAA Foundation provides donations to charitable organizations that support military members and their families.

What Affects The Cost Of Motorcycle Insurance?

Age: Younger riders are typically charged higher rates.

Type of Motorcycle: Your specific bike can have a dramatic impact on your rates.

Riding Experience: The longer you have your motorcycle license, the lower your premiums will be.

Driving History: As with car insurance, having accidents and DUIs on your record can dramatically increase your motorcycle insurance rates.

State: Each state sets its own insurance regulations, so costs vary from state to state. Additionally, your state or city’s weather conditions may impact premiums

FAQ

Does Geico cover motorcycle helmets?

Geico offers the best motorcycle insurance policies for young riders, with some of the cheapest rates, a large menu of discounts and the option to pay in installments. Geico allows drivers to customize their motorcycle insurance to meet their needs, so policies don’t automatically include complex options that young riders may not require.

Geico also gives policyholders the option to pay their premium in instalments instead of all at once. This is optimal for young motorcycle riders who are on a budget and don’t want to pay a policy in full upfront.

Is Geico good for motorcycle insurance?

Yes, Geico is a good insurer for motorcycle insurance. It offers a variety of policies with different coverages to choose from. In addition, it has an A+ rating from AM Best- one of the most respected rating agencies in the country. Furthermore, Geico offers discounts to people who have recently switched companies or are riders with good records. 

Geico is one of the top providers of car insurance, so it only makes sense it would be a leader when it comes to motorcycle coverage, as well. GEICO covers just about every type of bike there is, including some custom bikes.

In addition to the usual lineup of medical payments, personal injury protection, emergency roadside assistance, and towing and labour, it also adds coverage for accessories and helmets. And the company is particularly strong with discounts. For example, you’ll get a 20% discount just for switching to GEICO from another carrier. And once you’re on board with GEICO, you can save up to 10% just for renewing your policy with them.

Is Progressive the best motorcycle insurance?

Progressive offers nationwide motorcycle coverage. They also have a variety of other coverage options, allowing their customers to take advantage of policy bundling discounts.

Progressive has excellent customer service ratings, but they still come in second behind Dairyland for the best customer service and lowest number of complaints. Progressive makes it clear they know motorcycle riders tend to bear the brunt of the damage when it comes to accidents, which is a big part of why their liability premiums are so low

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