Motorcycle Insurance in Nevada: The Cheapest Quotes and Best Companies

Getting a policy that meets only the liability limits set by Nevada motorcycle insurance laws and requirements is the cheapest option for riders. However, it is important to note that the least expensive policy may not always be the best option. While liability-only insurance costs significantly less, comprehensive and collision coverage is better for riders who want more protection and higher liability limits. In conducting this analysis, MoneyGeek used average rates based on a good rider with 50/100/25 liability-only coverage in Nevada.

Based on average rates, the two most affordable motorcycle insurance carriers in Nevada for liability-only coverage are:

• Markel: $59 per year
• Progressive: $75 per year

MoneyGeek’s study found that the most expensive company in the state for liability-only motorcycle insurance is Dairyland. Its average rate is $181 per year, which means you can save 67.5% by choosing Markel.

For most riders in the state, a full coverage policy is the best choice. It provides more protection for your assets. Choosing this level of coverage will protect you against possible expenses from damages due to collisions with another vehicle or other structures. At the same time, full coverage motorcycle insurance in Nevada pays for damages to or the loss of your bike due to non-collision incidents like vandalism, theft or fire. Nevada riders making payments on their bikes are likely to need full coverage insurance.

For this analysis, MoneyGeek used a rider with good riding history, a 50/100/25 coverage policy and a $500 deductible for comprehensive and collision coverage.

For riders looking for the cheapest motorcycle insurance in Nevada for a full coverage policy, the top companies on average are:

• Progressive: $263 per year
• Markel: $292 per year

Progressive is 71.1% cheaper compared to Nationwide, which is the most expensive insurance carrier in the state. A similar policy from Nationwide costs $911 per year on average.

How much motorcycle insurance costs in Nevada is highly affected by several factors, including coverage amounts, motorcycle model, riding record, age and years of riding experience. MoneyGeek compared motorcycle insurance quotes from different insurers offering coverage in the state.

The average cost of motorcycle insurance in Nevada for a full coverage policy is $485 per 12-month period or around $40 per month. That means Nevada riders typically pay $122 or 25% more than the national average.

A liability-only policy in Nevada costs $109 annually or approximately $9 per month. The state average is $32 less than the national average of $141. A liability-only policy does not cover your bike and your injuries if you caused the accident.

Policy coverages used to determine Nevada averages were $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage.

MoneyGeek ranked insurance companies to find the best motorcycle insurance in Nevada for riders who value both affordability and quality service. A unique rating system was used, taking into consideration the motorcycle quote data unique to Nevada, product offerings and selection, service and financial stability. More information about that is included in our methodology. Based on our research, the best overall company is Progressive.

Based on MoneyGeek’s study, the top three highest-scoring insurance companies in Nevada are the following.

For most riders, getting a motorcycle insurance quote in Nevada is easy. Most carriers have online quote tools. Here is what you will need:

• ZIP code
• Nevada address where the bike will be located
• Vehicle year, make and model
• Insurance coverage elections (For more information on this, see below)

Since motorcycle insurance in Nevada is a state requirement, it is important for riders to know the minimum liability limits. Your policy coverage should include at least the following:

• $25,000 per person bodily injury liability
• $50,000 per accident bodily injury liability
• $20,000 property damage liability

The state minimum requirements include bodily injury and property damage coverage. Nevada riders should have at least a 25/50/20 policy, which includes $25,000 for bodily injury coverage per person, a total of $50,000 per accident and $20,000 for property damage liability. These limits refer to the amount your carrier will pay to handle damages in an at-fault accident.

Nevada riders are not required to have uninsured motorist, underinsured motorist or PIP coverage. The state only requires a motorcycle insurance policy that covers bodily injury and property damage. Riders who want more protection can get these additional coverages.

Finding the best motorcycle insurance in Nevada requires the consideration of different factors. Here are the most commonly asked questions about this type of insurance.

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 Nevada. The best motorcycle insurance companies in Nevada were determined using three factors, including policy cost in Nevada (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in Nevada were gathered from the state Division of Insurance to ensure accurate and up-to-date information.