Motorcycle Insurance in Maryland: The Cheapest Quotes and Best Companies

If you are looking for the cheapest motorcycle insurance in Maryland, you will find that liability-only policies cost significantly less than full coverage policies. However, a liability-only policy offers limited protections for you and your motorcycle. Consequently, this type of policy is not the best option for the average rider in Maryland. Liability-only coverage does not cover collision damage or any losses caused by theft, vandalism or other risks. This means that a full-coverage policy offers better protection for your asset in case of accidents or any other insurable risk.

For this analysis, the coverage used was for a good rider in Maryland with 50/100/25 liability-only coverage.

For the average rider in Maryland, a full coverage policy offers better protection for you and your motorcycle. A full-coverage policy in Maryland will cover you for collision damage, whether the collision is against other vehicles or a structure. In case your motorcycle gets stolen, vandalized or lost due to risks such as fire, you will also be reimbursed for your loss. If you are making payments on your motorcycle, you may need to have a full coverage policy for your bike.

To find the cheapest full-coverage policy in Maryland, we used the profile of a good rider in Maryland with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage.

On average, the cheapest motorcycle insurance providers in Maryland for a full coverage policy are:

• Dairyland: $175 per year
• Progressive: $244 per year

The most expensive option, Nationwide, costs $753 per year. This is 76.8% more costly than Dairyland.

Apart from the coverage amount on your policy, the cost of motorcycle insurance in Maryland is also determined by other factors such as your age, riding experience, make and model of your motorcycle and your riding history. These factors will affect how much you pay in premiums for your insurance.

To determine the average cost of motorcycle insurance in Maryland, MoneyGeek collected quotes from different providers in the state.

The average rider in Maryland pays an average of $373 per year for a full coverage policy. Compared to the national average of $364 per year, Maryland is marginally cheaper by roughly $9 or 2% per year.

For a liability-only policy, riders in Maryland pay an average of $154 per year, which is $13 higher than the national average of $141 yearly. While a liability-only policy tends to be cheaper, the coverage it offers is limited and it does not offer you protection in cases where the accident is your fault.

Maryland averages were determined using a policy coverage with $50,000/$100,000 bodily injury coverage, $25,000 in property damage protection, a $500 deductible for full coverage policies and PIP, uninsured motorist and underinsured motorist coverage.

Apart from the coverage amount on your policy, the cost of motorcycle insurance in Maryland is also determined by other factors such as your age, riding experience, make and model of your motorcycle and your riding history. These factors will affect how much you pay in premiums for your insurance.

To determine the average cost of motorcycle insurance in Maryland, MoneyGeek collected quotes from different providers in the state.

The average rider in Maryland pays an average of $373 per year for a full coverage policy. Compared to the national average of $364 per year, Maryland is marginally cheaper by roughly $9 or 2% per year.

For a liability-only policy, riders in Maryland pay an average of $154 per year, which is $13 higher than the national average of $141 yearly. While a liability-only policy tends to be cheaper, the coverage it offers is limited and it does not offer you protection in cases where the accident is your fault.

Maryland averages were determined using a policy coverage with $50,000/$100,000 bodily injury coverage, $25,000 in property damage protection, a $500 deductible for full coverage policies and PIP, uninsured motorist and underinsured motorist coverage.

Using a comprehensive rating system that incorporates affordability, product offerings and financial stability scores, MoneyGeek ranked the best motorcycle insurance in Maryland. More information about the scoring can be found in our methodology. Based on the scores in these key categories, Progressive emerged as the best motorcycle insurance provider in Maryland.

MoneyGeek’s analysis found that the top three best motorcycle insurance providers in Maryland are:

If you are looking for a motorcycle insurance quote in Maryland, you can easily get one online. Below is the information that you will need to provide the insurer with to get your online quote.

• Your address and ZIP code
• Personal details like your riding experience and your age
• The year, make and model of your motorcycle
• Optional coverages required (further details on coverage elections are below)

Maryland motorcycle insurance laws and requirements require riders in the state to have a liability policy with 30/60/15 coverages. To operate your motorcycle legally in Maryland, your motorcycle insurance policy must meet the following minimums:

• $30,000 per-person bodily injury liability
• $60,000 per-accident bodily injury liability
• $15,000 property damage liability
• Uninsured motorist coverage
• Underinsured motorist coverage
• Personal injury protection (PIP)

For riders in Maryland, the motorcycle insurance laws stipulate a 30/60/15 coverage. This means that you must have a minimum of $30,000 bodily injury liability per person, at least $60,000 coverage per accident and a property damage limit of at least $15,000.

Maryland law mandates that riders in the state must have uninsured motorist coverage, underinsured motorist coverage and personal injury protection (PIP) in their motorcycle insurance policy. The uninsured/underinsured coverages provide protection for injury or property damage to yourself if the other vehicle’s driver does not have sufficient liability insurance. Requirements for uninsured/underinsured motorist coverage are 30/60/15, while $2,500 is required for PIP coverage.

Getting motorcycle insurance in Maryland is easy since most insurers have online customer support. Some of the most frequently asked questions regarding motorcycle insurance in Maryland include:

For our analysis, MoneyGeek used varying coverage amounts and driver profiles to obtain motorcycle insurance quotes from insurers in Maryland. This data was used to determine the cheapest providers in Maryland. To identify the best motorcycle insurance companies in Maryland, we used a unique rating system with weighted scores given to each provider for policy cost in Maryland (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). To ensure data accuracy, MoneyGeek obtained the most recent license laws and insurance coverage requirements in Maryland from the state DMV.