Depending on the coverage, motorcycle insurance may cover injuries you sustain yourself, damages to your motorcycle, and harm you do to other people. The majority of states mandate motorcycle insurance, and annual rates can run from a few hundred to several thousand dollars, depending on the rider, the bike, and the jurisdiction.
Continue reading to find out more about the top motorcycle insurance providers, whether you currently have coverage or are looking to switch.
Our Top Picks for the Best Motorcycle Insurance Companies
- Progressive – Best for Accident Forgiveness
- Harley-Davidson – Best for New Riders
- Foremost – Best for Track Riders
- Markel – Best for Mechanical Breakdown Coverage
- Nationwide – Best for Motorcycle Collectors
Best for Accident Forgiveness: Progressive
Why we selected it: If you submit a claim for less than $500, Progressive will not raise your rates because your motorbike insurance policy contains accident forgiveness benefits.
Accident forgiveness, free accessory coverage, deductibles that go down the longer you go without a claim, and the guarantee of getting OEM or bespoke components following an accident are all features of Progressive insurance.
In the event that you make an accident claim for less than $500, the company’s accident forgiveness policy will not increase your rates. Additionally, your premium won’t go up for your first accident costing more than $500 if you are accident-free for four years.
Certain states allow customers to receive forgiveness for major accidents. In this instance, if a driver is at fault in an accident and their claim exceeds $500, they will not see a rise in their premiums for a maximum of five years while maintaining an accident- and violation-free record.
In conclusion, clients have the option to get further accident forgiveness advantages to enhance the modest and large forgiveness schemes. For each policy period, they will be pardoned for one accident.
Best for New Riders: Harley-Davidson
Why we selected it: For novice riders, Harley-Davidson is our top pick for motorcycle insurance. Harley-Davidson provides one-stop shopping for insurance, bike loans, and extended service plans if this is your first motorcycle.
Harley-Davidson is a leading provider of motorcycle insurance as well as associated goods like bike loans, components, and planned maintenance insurance. If they enroll in the H-D Riding Academy New Rider Course, new riders can receive discounts on these goods and services. In addition to learning how to drive safely, finishing the course will get you a discount.
Only Progressive can match the company’s selection of covered motorbike models and savings. These are some of the greatest on our list.
In addition to the typical coverage options, Harley-Davidson offers a wide range of accessories:
- Guest passenger liability protects your passengers from potential physical harm sustained while riding a bike.
- Complete replacement cost coverage in the event that your motorcycle is destroyed
- Replacement of Original Equipment Cost replacement for any accessories that weren’t included with your bike
- coverage for rental reimbursement in the event that you have to rent a car or bike while your primary vehicle is being repaired.
Best for Track Riders: Foremost
Why it was our choice: Since Foremost is the only insurer on this list that will cover these specific consumers, it is our choice for the best motorcycle insurance provider for track riders. In the event of an accident while a motorcycle is being raced, track day coverage will cover replacement or repair costs.
Foremost, a Farmers Insurance company, provides many of the same coverages along with better pricing and an enhanced online experience for insurance products. For instance, Farmers only provides coverage up to $7,500 for your transport trailer, whereas Foremost offers up to $10,000.
The company offers three coverage packages that can be tailored to meet your needs: Saver, Plus, and Elite. First-accident forgiveness and coverage for safety gear, including helmets, are included in all three policies, but the precise amounts differ.
Roadside support with towing and trip interruption, track-day coverage, and $3,500+ in coverage for optional equipment are all included in the Plus and Elite packages. The Elite plan offers better rental perks, such as expanded permissive use (letting others drive your bike), and a declining deductible.
Best for Mechanical Breakdown Coverage: Markel
Why we selected it: Markel is the best motorbike insurance provider for mechanical failures because it is the only provider on our list that pays for component repairs even in the absence of a collision.
Markel is notable for its programs of declining deductible (receive 25% off every year and pay nothing after four years) and accident forgiveness (which includes an option to cover your first at-fault loss after being accident free for four years).
Additionally, the business provides all of the typical motorcycle coverage choices seen in most larger insurance companies, including comprehensive, collision, accessory, and uninsured/underinsured motorist coverage.
Medical payments coverage, uninsured/underinsured motorist and property damage policy, burial expense coverage, passenger responsibility, roadside assistance, and rental reimbursement are further safeguards for you and others.
Best for Motorcycle Collections: Nationwide
Why it was our choice: Nationwide is our choice for the best insurance for motorcycle collectors because of its high coverage maximums and ability to add up to 12 specialty motorcycles to a single policy.
With its collision and comprehensive insurance, Nationwide offers a vanishing deductible feature that allows your deductible to drop by $100 for each year that you go without filing a claim, up to a $500 maximum.
One of the few businesses that provide motorcycle insurance that covers up to 12 vehicles for a maximum of $30,000 for custom parts and $50,000 per bike, including trailer coverage, is Nationwide.