Updated: November 21, 2024
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The minimum liability-only policy in Kentucky offers the state’s minimum requirements for motorcycle insurance. It is the cheapest motorcycle insurance in Kentucky but may not be the best due to its low limits. If you are interested in getting more protection and higher limits, you may need to consider purchasing a full-coverage policy.
MoneyGeek used a 50/100/25 policy from a rider with a good history to determine the cheapest motorcycle insurance in the state.
Based on the research carried out by MoneyGeek, the most affordable motorcycle insurance on average for a liability-only policy in Kentucky for a good rider is from:
Progressive has the most expensive motorcycle insurance in the state, with a cost of $204 per year, which is about 53.5% higher than the cheapest coverage in the state.
Company | Annual Premium | |
|---|---|---|
1. | Markel | $95 |
2. | GEICO | $106 |
3. | Harley-Davidson | $120 |
4. | Dairyland | $123 |
5. | Nationwide | $139 |
6. | Progressive | $204 |
If you are looking for a policy that offers more protection, full coverage motorcycle insurance may be the best alternative. Unlike liability-only policies, a full coverage policy protects your bike from collision damage as well as any damage caused by vandalism, fire and theft.
According to MoneyGeek, the cheapest insurers for a full coverage policy in Kentucky on average are:
Nationwide offers the most expensive rates for this coverage, at an average of $935 per year. There is a difference of 72.9% between the cheapest and most expensive motorcycle insurance companies in Kentucky.
MoneyGeek utilized rates for a good rider with a 50/100/25 coverage limit and a deductible of $500 to get the average scores for this study.
Company | Annual Premium | |
|---|---|---|
1. | Dairyland | $254 |
2. | Progressive | $360 |
3. | GEICO | $382 |
4. | Harley-Davidson | $401 |
5. | Markel | $406 |
6. | Nationwide | $935 |
Several factors contribute to the cost of motorcycle insurance in Kentucky. They include your age, riding record and experience, model of your motorcycle and coverage level. MoneyGeek calculated the average motorcycle insurance rates in Kentucky by collecting quotes from several insurance companies at different coverage levels and rider profiles.
A full-coverage policy in the state costs an average of $456 per year or $38 per month, which is higher than the national average by $93.
The cost of a liability-only policy in Kentucky is $131 per year or $11 per month. That’s $10 less than the national average of $141 per year. Although liability-only policies cost less, they do not cover you or your bike in case of an at-fault accident.
For these costs, MoneyGeek used a sample rider policy with bodily injury coverage limits of $50,000/$100,000, a property damage limit of $25,000 and a $500 deductible as well as uninsured motorist coverage, underinsured motorist coverage and personal injury protection.
Type | Cost | National Average | Delta vs National Average |
|---|---|---|---|
Full Coverage | 456 | 364 | 93 |
Liability | 131 | 141 | -10 |
While shopping around for quality and affordable motorcycle insurance for your bike, MoneyGeek’s scores can help you get the best motorcycle insurance in Kentucky. The system used by MoneyGeek comprises factors like financial stability, affordability in Kentucky as well as product offerings and selection. More information about the criteria can be found in our methodology.
Based on the scores, the best insurer in Kentucky is Dairyland. The top three best carriers in the state are as follows:
Pros
Cons
Dairyland leads as the best motorcycle insurance provider in Kentucky. Based on MoneyGeek, it has a score of 93.98 out of 100. The cost of a minimum liability-only policy from Dairyland is $123 per year on average, while a full-coverage policy costs roughly $254 per year.
Apart from standard coverage, Dairyland provides riders with several other optional insurance packages such as optional/ special equipment coverage for replacing non-standard parts as well as rental reimbursement insurance, which pays the cost of renting an alternative vehicle while your bike gets repaired.
Dairyland also provides several discounts, including discounts for riders who have completed a safety course, own more than one motorcycle as well as those who are members of a motorcycle riders association. Moving your policy to Dairyland from another insurer also earns a good discount.
Pros
Cons
Harley-Davidson has the second-highest MoneyGeek score in Kentucky, earning a score of 93.72 out of 100. A liability policy from the company costs an average of $120 per year, whereas a full coverage policy costs about $401 per year.
When purchasing your motorcycle insurance from Harley-Davidson, you will need to select from several optional coverages such as rental reimbursement coverage, which helps you get alternative means of transport if your bike remains damaged for long.
Riders get various discounts from Harley-Davidson, including loyalty, prompt payment and experienced riders discounts, as well as claim-free renewal of their policies. Those who serve in the military also get lower rates when they join the company.
To get a quote for your motorcycle insurance in Kentucky, you will need to visit the provider’s website. You can find the lowest rates by comparing quotes between providers. To get a quote online, you will need to provide information such as:
Before getting motorcycle insurance in Kentucky, you should be sure that you understand what the state minimum requirements are. For Kentucky, your policy should cover the following:
The minimum motorcycle insurance limit required in Kentucky is 25/50/25, which implies that your policy needs to have a minimum of $25,000 as the bodily coverage limit, a $50,000 coverage limit per accident and a property damage liability coverage of $25,000. Your insurer will pay these amounts at the minimum in case your bike gets damaged or stolen. Your policy also needs to have requisite limits on uninsured/ underinsured motorist coverage and personal injury protection.
In Kentucky, it is possible to satisfy minimum insurance requirements with a combined single limit policy.
Uninsured/underinsured motorist coverage is required in Kentucky. Kentucky also requires basic PIP coverage on all motorcycles.
According to MoneyGeek, a full coverage policy with 50/100/25 limits is ideal for drivers who need more protection and higher limits. You may also consider getting a policy with 100/300/100 limits, which costs a little more but offers more comprehensive coverage. You also need uninsured/underinsured motorist coverage, which matches the above requirements, as well as a PIP coverage that meets the state’s minimum requirements.
Various factors contribute to the cost of motorcycle insurance in Kentucky. While shopping around for a policy, some of the questions that you are likely to come across include:
The cheapest insurance companies in Kentucky for a full coverage policy is Dairyland, at $254 per year, while the cheapest insurer for liability-only coverage is Markel, at $95 per year.
For most Kentucky riders, the average cost of motorcycle insurance for a liability-only policy is $131 per year, which is $10 less than the national average. A full-coverage policy costs an average of $456 annually.
The best motorcycle insurance in Kentucky comes from Dairyland, with a MoneyGeek score of 93.98 out of 100.
Yes, riders need motorcycle insurance in Kentucky.
Moneygeek analyzed motorcycle insurance rates in Kentucky to help you find the best insurer for your needs. Factors used in the analysis are financial stability scores from AM Best (10% of weightings), policy costs (60% of weightings) and product offerings and selection (30% of weightings). The laws and requirements for the state of Kentucky were obtained from the state’s DMVs to ensure accurate and updated information is used in the study.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
