Motorcycle Insurance in Wisconsin: The Cheapest Quotes and Best Companies

Wisconsin is a tort state. This means you shoulder the expenses of the other person if you’re at fault in an accident. Having motorcycle insurance in Wisconsin helps you with those costs. Rates, however, vary depending on what carriers offer. The range in price widens further depending on which type of policy you get.

If you’re looking for an affordable option, liability-only could work for you. However, it’s important to remember that it only provides coverage for costs incurred by the other from injuries or property damage because of a covered accident. If your bike gets damaged, liability-only coverage doesn’t provide insurance for that. If you’re willing to put in a bit more money into your policy, you can opt for a full coverage policy. For most riders in Wisconsin, this is a better option because it includes collision and comprehension insurance, which protects you from damages to your bike.

For this analysis, MoneyGeek used the coverage of a good rider with 50/100/25 limits in a liability-only policy.

After gathering motorcycle insurance quotes from several carriers in Wisconsin, MoneyGeek has found that, on average, riders can purchase cheap liability-only policies from:

• Progressive: $75 per year
• GEICO: $99 per year

Progressive’s rate is around 62.8% cheaper than Harley-Davidson, the most expensive provider, which offers a policy with a similar coverage with annual coverage of $201.

If you get into an accident, having full coverage gives you better protection. Not only does it cover the other person’s expenses from injuries and property damage if you’re at fault, but it also covers the cost of damages to your bike. A full-coverage policy also includes comprehensive insurance, which protects your motorcycle from damages to your bike even when it isn’t moving, such as vandalism or theft. Although the premium is higher, you get better protection overall. Also, if you purchase your bike using bank financing, you’re likely to need a full-coverage policy rather than liability-only. MoneyGeek used a good rider’s profile with 50/100/25 coverages with a $500 deductible for comprehensive and collision coverage in this study.

For riders looking for full coverage policies, the carrier offering cheap motorcycle insurance in Wisconsin are, on average:

• Progressive: $168 per year
• GEICO: $189 per year

On the other end of the spectrum is Nationwide, offering a full coverage policy costing an average of $559 a year. In comparison, Progressive’s rate is around 70% lower. This means you could save hundreds of dollars each year by comparing motorcycle insurance quotes in Wisconsin.

The average cost of motorcycle insurance can vary based on multiple factors. Insurers evaluate your age, type of motorcycle, coverage amounts and more when determining premiums. MoneyGeek collected quotes from multiple providers to determine average rates in Wisconsin.

On average, riders in Wisconsin pay $291 yearly for full-coverage motorcycle insurance. This is $73 or 20% less per year than the national average and provides you more coverage than a liability-only policy.

The average cost of motorcycle insurance in Wisconsin is $127 per year for a liability-only policy. This is $14 lower than the national average of $141 per year. Remember that this doesn’t cover your motorcycle or your injuries if you cause an accident.

The coverage used to determine Wisconsin averages were $25,000 for property damage and $50,000/$100,000 for bodily injury. A $500 deductible for full coverage policies, uninsured coverage and MedPay were also included.

Using a unique rating system detailed in the methodology, MoneyGeek analyzed several carriers to identify which offered the best motorcycle insurance in Wisconsin. Affordability, although an important factor, was not the only area considered in this study. We also looked at their financial strength and the portfolio of their products and services. According to the stats, Progressive is the top insurer in Wisconsin.

Based on MoneyGeek’s study, the carriers that have the best motorcycle insurance in Wisconsin are as follows:

To find the best possible deal on insurance, one good practice is to compare quotes from different carriers. Getting rates online is easy as long as you have the following information handy:

• Your and driving experience
• Details of all other riders who drive the bike
• Where you keep your bike in Wisconsin
• How you use your motorcycle
• Your motorcycle’s make, model and year
• Your preferred coverages (see below for more information)

Every state mandates a different minimum coverage limit. Part of being a responsible rider is knowing Wisconsin’s insurance laws and requirements. Your motorcycle insurance in Wisconsin should at least have the following coverages:

• $25,000 per-person bodily injury liability
• $50,000 per-accident bodily injury liability
• $10,000 property damage liability
• Uninsured motorist coverage
• MedPay

According to insurance laws in Wisconsin, motorcycle policies should have at least 25/50/10 coverage. This means that your insurer will pay a maximum of $50,000 for injuries in an accident, with each person having a maximum limit of $25,000. Any damage sustained by the other person’s property will be covered up to $10,000.

Your motorcycle insurance in Wisconsin should include uninsured motorist coverage. This helps you in case the rider at fault does not have insurance and cannot pay. More than this, policies in Wisconsin also require MedPay, which covers your medical bills. It is different from Personal Injury Protection (PIP), which also covers your medical expenses, but goes beyond that and includes loss of wage and more.

Being a tort state, making sure you have adequate motorcycle insurance in Wisconsin is critical. Here are several questions often asked by riders about purchasing insurance for their bikes.

Top motorcycle insurance companies in Wisconsin were determined using three areas with varying weights. Affordability made up 60% of the overall score, their product portfolio contributed 30% and the remaining 10% was based on financial strength metrics from AM Best. The carriers with the most affordable motorcycle insurance rates in Wisconsin were identified by comparing several quotes. To ensure the information on insurance laws and requirements in Wisconsin is accurate and current, MoneyGeek used data from the DMV, Wisconsin’s Department of Transportation and the Office of the Commissioner of Insurance.