Cheapest Full Coverage Motorcycle Insurance - Almost every state requires motorcycle insurance before you hit the road. To help you find the most affordable motorcycle insurance, we've compared the costs of some of the best-known providers in the country. It is the cheapest motorcycle insurance in the country.
Along with insurance company affordability, we also looked at which companies offered the most discounts at the lowest rates. Below, we call out the top cheapest motorcycle insurance companies in the country and highlight the benefits each insurer offers.
Cheapest Full Coverage Motorcycle Insurance
Riders looking for affordable motorcycle insurance should start by comparing Nationwide's quotes with those of other providers. Generally, Nationwide policies are cheaper than the average cost of their competitors. Geico and Progressive are also often among the cheapest companies.
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Nationwide's low fares are among the cheapest in the country, while Dearland offers more expensive policies for most riders.
We compared the average cost of motorcycle insurance in the 15 states with the most registered motorcycles, according to the Federal Highway Administration. Eight of these states have Progressive's lowest rates, with premiums averaging 27% cheaper than the state's average annual cost.
We have the cheapest motorcycle insurance nationwide of all companies surveyed. On average, the policy nationwide costs just $593 per year, $128 less than the national average price of $721.
There are a few ways to further reduce the cost of a Nationwide motorcycle insurance policy. If you bundle your motorcycle coverage with an auto or home insurance policy, or insure more than one bike, you can lower your rates with a multi-vehicle discount. Plus, Nationwide offers a disappearing deductible. For every year without accidents, your deductible is reduced by $100.
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While Nationwide consistently offers affordable motorcycle insurance, policyholders also get better coverage. Nationwide policies are customizable and can include custom equipment or original equipment manufacturer (OEM) parts coverage, along with roadside assistance.
Progressive offers the most affordable full coverage motorcycle insurance. Progressive's policies cost $625 per year, come with many features, and can be customized.
Progressive policyholders can negotiate motorcycle insurance through the company's many discounts, and some find it very easy to take advantage of. For example, you can sign up for electronic payments, prove that you have a motorcycle license and pay on time.
The coverage included in the cost of a standard progressive policy is unmatched. Riders automatically get replacement cost coverage, original equipment manufacturer (OEM) parts coverage, and $3,000 in custom parts protection when they have comprehensive and collision coverage.
Do You Need Motorcycle Insurance?
First-time riders typically pay higher premiums, but Geico consistently offers affordable rates for riders ages 18-21. Geico's average policy is $610 per year, about $111 less than the national average and, in some states, can be even cheaper. Geico averages just $17 more per year than our cheapest insurer.
Geico also offers young passengers the ability to pay their premiums in installments rather than all at once. Although there is a small fee for each installment, this option helps make motorcycle insurance more affordable by giving riders who don't have the funds to pay the annual balance the option to spread premiums into manageable payments.
Below you can see how Geico's rates for 18, 20 and 21 year olds differ from other major insurers.
Allstate offers the largest bundle discount for autos and motorcycles: 10% off your auto insurance when you bundle policies.
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Allstate is also known for its excellent customer service. The company has a rating of 0.63 on the National Association of Insurance Commissioners (NAIC) Complaint Index, which measures the number of complaints an insurance company receives relative to its share of the overall market. The average National Complaint Index is 1.00, which means that a company with a Complaint Index of 0.63 has about a third fewer complaints than its average competitor. Passengers who value a relationship with an insurance agent can also receive personal assistance from local Allstate representatives.
If you're having trouble finding cheap motorcycle insurance, you can still find a bargain. Compare the cost of motorcycle insurance from as many companies as you can before deciding on an insurance company, as the difference between the cheapest and most expensive insurance company can be hundreds of dollars per year.
After learning the prices in your area, review the discounts from each insurance company. This will vary by company. For smaller providers, discounts may also vary based on your local office guidelines. In most places, it is common for discounts to be available for:
Finally, drivers can lower their motorcycle insurance rates by adjusting their deductibles and coverage levels, especially with comprehensive and collision endorsements. Increasing the deductible on a progressive motorcycle insurance policy from $250 to $500 reduced the total cost of the policy by more than $100 per year.
How To Get Cheaper Motorcycle Insurance
We collected thousands of quotes from the top six insurance companies across the country to determine the lowest rates. To select the best insurance provider in each category, we analyze the coverage offered, the rates and the discounts available.
To determine the cheapest bike insurance for young cyclists, we collected rates from five insurance companies based on a sample of male cyclists in Austin, Texas. The coverage limits we request in our quotes include:
To calculate the change in premiums when your deductible increases, we collected rates based on a 35-year-old man in Austin, Texas. Data on the number of registered motorcycles by state comes from the Federal Highway Administration.
To get an insurance quote over the phone, call: (855) 596-3655 | Agents available 24 hours a day, 7 days a week! We looked at five of the most popular motorcycle insurance companies in California and found that Geico has the cheapest insurance for most drivers, averaging $780 per year. That's more than $1,000 cheaper than the state average of $1,816.
The Best And Cheapest California Motorcycle Insurance
We collected 204 motorcycle insurance quotes to determine the most affordable option for California drivers. Geico was the best value with an average annual price of $780.
We looked at five of the most popular motorcycle insurance companies in California, looking at price, coverage options, customer service, and more. We have a basic selection that will suit most motorcyclists, as well as additional options for those with more specialized insurance needs.
Geico is the best passenger insurance company in California due to its great prices and great customer service.
The best motorcycle insurance company for most California riders is Geico. Geico offers its passengers affordable rates and respectable customer service.
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Geico's state median price was $780, 57% cheaper than the typical annual rate we found in California. Geico has a positive complaint rate of 0.79 according to the National Association of Insurance Commissioners (NAIC). This means that the company has received only 79% of the complaints as a company of its size.
As one of the largest insurance companies in the country, Geico is a great option to bundle with other types of insurance policies. By insuring your car and motorcycle with the same company, you can often lower your bill for both while making it easier to pay your monthly bills.
Geico's biggest drawback is that it doesn't have as many coverage options as other insurance companies, which can hold you back if you need special coverage. While Geico allows you to purchase optional coverage for accessories and roadside assistance, there are no options for things like OEM parts.
Allstate has more coverage options than other affordable insurance companies, with prices still affordable.
Companies With Cheap Motorcycle Insurance For Young Riders
For motorcyclists who want more than basic coverage options but still want an affordable price, we recommend Allstate.
Allstate offers several coverage options that will appeal to frequent riders, such as replacement cost, towing, and rental reimbursement coverage, which is especially valuable for drivers who rely on their motorcycle as their primary vehicle.
Also, Allstate's prices were affordable. His typical rate was $1,399 per year, 23% cheaper than the state average of $1,816 per year.
However, we were not satisfied with Allstate's customer service rating. It received a 2.09 complaint rating from the NAIC. That means Allstate was twice as likely to receive a complaint as a similarly sized typical insurance company. Consequently, this suggests that Allstate customers are more likely to be dissatisfied with their service.
Best Motorcycle Insurance Rates In Ontario
Military service members, veterans, and some of their family members can get discounts on their motorcycle insurance through USAA. The company has some of the best customer support services, but it is only available to a limited group of customers.
USAA does not sell its own motorcycle insurance, but instead works through Progressive. USAA members receive a 5% discount, which can be added to Progressive's steep discount. We were also impressed with the Progressive's coverage options, with handy extras like content carrier coverage and trip breaker coverage.
It's worth noting that Progressive's pre-discount prices for motorcycle insurance are high in California: an average of $2,774 per year. Even USAA's discount may not lower Progressive's rates enough to make them competitive with other insurers. always make sure
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