Cheapest Motorcycle Insurance

Before you purchase a policy, it is important to know exactly how much motorcycle insurance you need. Every rider should have liability coverage, not only because it is required by law in almost every state but also because it is the coverage that protects you financially if you harm another person or their property. MoneyGeek recommends always choosing the highest level of liability coverage that you can afford.

Beyond liability insurance, there are many other types of coverage to choose from, including:

• Comprehensive and Collision: Often called full coverage insurance, comprehensive and collision coverage pays for damage to your motorcycle. Collision coverage applies when you hit another vehicle or a stationary object. Comprehensive coverage applies in situations outside of a standard accident, including fire, theft, flooding or if your motorcycle gets tipped over, to name a few.
• Uninsured/Underinsured Motorist (UM/UIM): If you are hit by someone uninsured or underinsured, your UM/UIM coverage will help pay for your medical expenses and damage to your property.
• Accessory/Optional Equipment Coverage: This is the coverage that pays for damages to your motorcycle accessories like your helmet and crash bars.
• Roadside Assistance: Like roadside assistance for cars, this coverage is there to help if your motorcycle breaks down, you need a tow, your battery dies or you have a flat tire.
• Guest/Passenger Liability: Unlike auto insurance, motorcycle insurance doesn’t automatically come with medical coverage for passengers on your bike. Guest/passenger liability coverage is an add-on benefit that pays for medical bills for your passenger if you are in an at-fault accident.

Almost every motorcycle insurance company offers a handful of discounts, including:

• Multi-policy/bundling discount
• Responsible driver discount
• Motorcycle association discount
• Safety course discount
• Experienced rider discount
• Homeowner discount
• Multi-cycle discount

Each company offers its own unique discounts, so it is important to look at all of the discounts available to you when researching which policy to buy.

Comparing quotes from multiple insurance companies is the only way to know you’re getting the best possible rate for your motorcycle coverage. Getting multiple quotes can help bring into perspective how much motorcycle insurance costs for you and keep your rates low, but it is important to do your research when choosing a policy. Just because a policy is the cheapest option doesn’t mean it is the right coverage for you, so make sure you choose the most affordable policy that meets all your needs.

Insurance policies offer a variety of coverage options. Every insurance company tailors its coverage to a specific market, which means not every policy will be the right one for you. For example, some policies cater to military members, while others appeal to people who own specific motorcycles. You have many options, but it can be helpful to find a company that considers you as part of its target market to make sure you are happy with your motorcycle insurance.