Liability coverage typically covers the most basic insurance requirements mandated by the state. On average, GEICO and Markel are the cheapest options for liability coverage in Michigan. Although liability-only insurance costs less, its coverage is not comprehensive. If you want enhanced coverage or if you’re still making payments on your motorcycle, you should opt for a full coverage policy to stay safe on the roads. For this analysis, MoneyGeek estimated rates based on a Michigan rider with a good driving record with 50/100/25 liability-only coverage.
Motorcycle Insurance in Michigan: The Cheapest Quotes and Best Companies
Updated: September 13, 2024
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The Cheapest Motorcycle Insurance in Michigan
Cheapest Liability-Only Motorcycle Insurance Quotes in Michigan
Based on average prices, the cheapest providers for a good biker with liability-only motorcycle insurance in Michigan are:
- GEICO: $162 per year
- Markel: $165 per year
The cheapest company, GEICO, has 26.4% lower rates than the costliest carrier, Harley-Davidson.
Company | Annual Premium | |
|---|---|---|
1. | GEICO | $162 |
2. | Markel | $165 |
3. | Progressive | $175 |
4. | Dairyland | $209 |
5. | Harley-Davidson | $220 |
Cheapest Full Coverage Motorcycle Insurance Quotes in Michigan
MoneyGeek encourages motorcycle riders in Michigan to get a full coverage policy as it is comprehensive and can better protect their assets.
MoneyGeek found that the least expensive motorcycle insurance providers in Michigan on average for a good biker with a full coverage policy, including 50/100/25 coverage and a $500 deductible, are:
- Progressive: $376 per year
- GEICO: $379 per year
The cheapest carrier, Progressive, has rates that are 41.6% lower than the costliest company, Markel.
If you’re still making payments on your motorcycle, you’ll likely need full coverage insurance.
Company | Annual Premium | |
|---|---|---|
1. | Progressive | $376 |
2. | GEICO | $379 |
3. | Dairyland | $386 |
4. | Harley-Davidson | $494 |
5. | Markel | $644 |
What Is the Average Motorcycle Insurance Cost in Michigan?
Motorcycle insurance costs in Michigan depend on multiple factors, including coverage amounts, motorcycle model, age, riding record and years of riding experience. MoneyGeek collected motorcycle insurance quotes from several providers offering coverage in Michigan.
The average cost of motorcycle insurance in Michigan is $456 per year, or about $38 per month, for a full coverage policy. The cost of a full coverage motorcycle insurance policy in Michigan is $92 or 20% more than the national average of $364.
For a liability-only policy, Michigan riders typically pay around $186 annually, or about $16 per month. This is $45 more than the national average.
However, keep in mind that this type of insurance doesn’t cover your motorcycle or your injuries in an at-fault accident.
Policy coverages used to determine Michigan averages were $50,000/$100,000 in bodily injury liability with $25,000 property damage liability, a $500 deductible and $10,000 in personal injury protection (PIP).
Type | Cost | National Average | Delta vs National Average |
|---|---|---|---|
Full Coverage | $456 | $364 | $92 |
Liability | $186 | $141 | $45 |
The Best Motorcycle Insurance Companies in Michigan
MoneyGeek ranked the best motorcycle insurance providers in Michigan after evaluating multiple providers. Rankings were based on a system that uses pricing data in Michigan, product offerings, financial stability and service quality. More information about our calculations can be seen in our methodology. Based on this methodology, Progressive is the highest-scoring company in Michigan.
1
Progressive
Score:97
Pros
- Affordable rates
- Customizable policies
- Range of discounts
Cons
- Discounts may not be available in every state
- Large Accident Forgiveness is only available to eligible customers
- Disappearing deductible is not available in all states
More About Progressive
Progressive ranks as the best motorcycle insurance provider in Michigan with a score of 94.32 as per MoneyGeek’s study. Progressive’s average prices for liability coverage are $175 per year, and its average annual rate for full coverage is $376.
Progressive is an ideal insurer if you have custom, custom or vintage bikes. Its add-on coverages include roadside assistance, trip interruption, total loss, accessories and custom parts, Carried Contents, enhanced injury protection and death benefit. This provider stands out for its OEM (original equipment manufacturer) parts coverage. This feature assures that any replaced bike part will be sourced from its original manufacturer.
You can easily get a quote online by providing information about yourself, your motorcycle and the coverage you need. Progressive's Loyalty Rewards program automatically enrolls you for discounts and accident forgiveness. Long-time customers quality for greater discounts.
2
Dairyland
Score:91
Pros
- Offers an easy-to-use mobile app
- Reps to guide customers through the claims process
- Affordable prices
Cons
- Fewer discounts compared to competitors
- Coverage not currently offered in all states
- Online quote system can be unreliable
More About Dairyland
Dairyland ranks third in Michigan with a score of 86.92. Its average premium for liability coverage is $209 per year, and its average annual cost for full coverage is $386.
Dairyland offers several types of coverages, including bodily injury, comprehensive and collision coverage as well as optional/special equipment insurance coverage. Besides standard coverage, its add-ons include trip interruption benefit, towing, roadside assistance, replacement coverage for motorcycles up to three years old and rental reimbursement. This provider offers protection for a range of motorcycles, including from makers such as Indian, Honda and Harley-Davidson and for models such as sport, touring and cruiser bikes. Dairyland offers multiple discounts, including rebates for homeowners, riding club members and existing customers who renew their policy.
3
GEICO
Score:84
How to Get a Motorcycle Insurance Quote in Michigan
It’s easy to get an online motorcycle insurance quote in Michigan. You need to provide the following details:
- Your address and ZIP code
- Vehicle year, make and model
- Your birthdate
- Information about your riding record and experience level
- Insurance coverage elections
How Much Motorcycle Insurance Coverage Do You Need in Michigan?
It’s important to know the minimum motorcycle insurance requirements for your state. Motorcycle insurance is mandatory in Michigan. Here are Michigan’s minimum liability limits:
- $20,000 per-person bodily injury liability
- $40,000 property damage liability
- $10,000 personal injury protection (PIP)
How Much Insurance Coverage Is Required in Michigan?
In Michigan, liability coverage minimums include $20,000 in per-person bodily injury liability and $40,000 in property damage liability. The state also mandates at least $10,000 in personal injury protection (PIP).
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Michigan?
In Michigan, personal injury protection (PIP) coverage is mandatory, but uninsured and underinsured motorist coverage are not.
MONEYGEEK EXPERT TIP
For most riders in Michigan, MoneyGeek recommends a full coverage policy of at least 50/100/25 and preferably 100/300/100 because of the small incremental cost for a large increase in coverage. Michigan requires PIP coverage, and we recommend the state minimum or more if you can afford it.
Frequently Asked Questions About Motorcycle Insurance in Michigan
To help you find the best motorcycle insurance in Michigan, MoneyGeek answered frequently asked questions about providers, coverages and rates in the state.
Which company has the cheapest car insurance in Michigan?
GEICO offers the cheapest rates for liability-only coverage, at $162 per year on average. For full coverage, the least expensive option is Progressive, with average annual costs of $376.
How much does motorcycle insurance cost for most riders in Michigan?
The average cost of liability-only coverage in Michigan is $186 per year, while for full coverage, you need to shell out an average yearly price of $456.
Which company is the best motorcycle insurance provider in Michigan?
As per MoneyGeek’s rankings, Progressive is the best motorcycle insurance provider in Michigan.
Do you need motorcycle insurance in Michigan?
Yes, motorcycle insurance is mandatory in Michigan.
Methodology
MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles to help our users determine which is the least expensive provider in Michigan. The best motorcycle insurance companies in Michigan were determined using three factors, including policy cost in Michigan (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). We gathered the most recent license laws and insurance coverage requirements in Michigan from the state DMV to ensure accurate and up-to-date information.
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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.
sources
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed April 22, 2021.