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Last updated on Jul 06, 2020

The Best Cheap Motorcycle Insurance

All the coverage you need — at the price you’re looking for ​
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How We Found the Best Cheap Motorcycle Insurance Companies

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23 companies considered

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7 insurance experts interviewed

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4 top picks

The Best Cheap Motorcycle Insurance Companies

The best cheap motorcycle insurance companies should cover you and your bike no matter what happens. This means well-rounded coverage with plenty of discounts in order to give you the protection you need at an affordable rate. After hours of research looking into almost two dozen of the nation’s top providers, we picked the four best options that strike the perfect balance between low premiums and great coverage. However, since insurance rates are highly personal, you’ll still want to compare quotes to find the best price for the coverage you need.

The Best Cheap Motorcycle Insurance Companies: Summed Up

Nationwide Liberty Mutual Safeco Allstate
Our review Our review
Best for
‘High-risk’ riders ‘Low-risk’ riders Discounts Coverage options
A.M. Best financial strength rating
A+ A A A+
24/7 claim support
Online quote tool
Online claim filing
Compare rates Compare rates Compare rates Compare rates

Data as of Dec. 5, 2019.

The 4 Best Cheap Motorcycle Insurance Companies

    Nationwide


    Best for High Risk Riders
    Nationwide
    Nationwide


    Pros

    Affordable upgrades
    Cheapest for “high-risk” riders
    Built-in accessory coverage
    Customer resources

    Cons

    No motorcycle replacement coverage
    Fewer discounts

    Why we chose it

    Affordable upgrades

    Nationwide has a distinct advantage when it comes to essential coverage: It’s really affordable to upgrade to its best plans. When we tinkered with our policy, we noticed that Nationwide charged only a few dollars more for its highest liability, UM/UIM, and MedPay limits. Other companies, like Progressive, bumped up our premium by as much as $500 for their top-tier plans. If you’re looking at a quote from Nationwide, make sure to experiment with your coverage options and see just how much protection you can add on for a modest upcharge.

    Cheapest for ‘high-risk’ riders

    Among our top picks, Nationwide came in cheapest for our riskiest test profile: a 20-year-old riding a Suzuki sportbike. When we spoke with insurance experts, they unanimously agreed that this would be the most expensive type of rider to insure. If you’re a “high-risk” biker looking for a cheap premium, we recommend including Nationwide in your search.

    Built-in accessory coverage

    Every Nationwide policy includes $2,000 of insurance for any personal belongings you have on your bike, from luggage to safety equipment. Most other policies we looked at charge extra for this coverage and top out at $1,000. If you’re planning on traveling with valuables — if you’re going on a cross-country trip or commuting with a laptop, for example — this extra peace of mind is a huge bonus.

    Customer resources

    Nationwide has some nice perks that come with signing up with a bigger company. Its website is incredibly streamlined, making it a breeze to request a quote, customize your coverage, and take advantage of online claim filing. Nationwide also brings app-powered claim filing to the table, which allows you to easily upload photos and information to your claim document in real time. This is a level of convenience beyond the online and call-in options we saw being offered by other providers like Markel.

    Points to consider

    No motorcycle replacement coverage

    Replacement coverage for stolen or totaled bikes is a fairly common coverage option, and of all our top picks, Nationwide is the only one that doesn’t offer some version of this coverage. If this coverage is a deal breaker for you, then we recommend checking out our other top picks, especially Liberty Mutual.

    Fewer discounts

    While Nationwide only has two fewer total advertised discounts than Progressive, we thought it was missing a few key ones. It’s the only one of our top picks that doesn’t reduce your premiums for maintaining a driving record with no “at-fault accidents.” It also doesn’t have any discounts for being a “mature rider,” renewing your policy at the end of the year, or switching over from a different insurance company.

    Read our full Nationwide review.

    Liberty Mutual


    Best for Low Risk Riders
    Liberty Mutual
    Liberty Mutual


    Pros

    Generous discounts
    Excellent roadside assistance

    Cons

    Not ideal for specialty bikes
    No online quote tool

    Why we chose it

    Safety discounts

    Liberty Mutual offers some discounts that favor the cautious rider. Customers who complete an approved motorcycle safety course are eligible for discounts, and adding safety features like anti-theft devices and anti-lock brakes to your bike can also shave off some of the cost. And if you get into an accident after riding accident-free for five years, Liberty Mutual’s accident forgiveness protects you against price hikes due to your first accident.

    Bike replacement coverage

    Liberty Mutual has a couple of coverage options that stood out to us when it came to the total loss and theft of a customer’s bike. Better Bike Replacement is total loss coverage that grants money for a replacement motorcycle that’s one model year newer and with 2,500 fewer miles than your current bike. New Bike Replacement Coverage, on the other hand, pays for a new motorcycle with no depreciation applied should the customer lose their bike (be it theft or collision) within the first year.

    Points to consider

    Discount and coverage availability is iffy

    Unfortunately, these discounts and coverages are not consistent across all 50 states (despite Liberty Mutual being available nationwide). Before you decide on Liberty Mutual or any other provider, you’ll need to consult an agent in order to make sure you’re getting the policy that’s right for you with the coverages and discounts that you need in your area.

    Safeco


    Impressive Discounts
    Safeco

    Pros

    Safety discounts
    Bike replacement coverage

    Cons

    Why we chose it

    Generous discounts

    Safeco offers an impressive range of advertised motorcycle insurance discounts and the most of all our top picks. It has the standard ones — discounts for a history of safe driving, membership in a motorcycle association, and bundling with other types of insurance — as well as more uncommon ones. Safeco was one of the few providers we looked at that offered a discount for experienced riders. As long as you’ve been riding for more than a year, you qualify.

    Excellent roadside assistance

    While you can add roadside assistance to all of our top picks, Safeco goes above and beyond with this coverage, providing trip interruption benefits along with the standard towing, flat tire, locked door, fuel, fluids, and battery services. That means that if you lose money on a trip because your bike breaks down, Safeco will reimburse you for your loss.

    Points to consider

    Not ideal for specialty bikes

    If you have a vintage or antique motorcycle, Safeco probably won’t be your best option. Safeco doesn’t offer any kind of actual agreed value coverage for your bike, so you might not get the correct reimbursement back if your specialty bike needs to be replaced. Along the same lines, Safeco doesn’t pay for original manufacturer parts, either. If this is a must-have for you, we’d recommend starting your search with Liberty Mutual.

    No online quote tool

    Currently, Safeco doesn’t provide a way to get quotes online. If you want to see how your premiums with Safeco would compare to our other picks, you’ll have to call the company and request a quote from an agent. It’s not ideal — we prefer companies that offer multiple ways to purchase a policy — but Safeco’s excellent policies make it worth taking that extra step.

    Allstate


    Impressive Coverage
    Allstate
    Allstate


    Pros

    Generous coverage options
    Lease/loan gap coverage

    Cons

    Fewest discounts

    Why we chose it

    Generous coverage options

    Allstate has pretty standard coverage options, like property damage and bodily injury liability, alongside some less common ones. We like that the company offers both collision and comprehensive coverage along with an option to cover any damage to your vehicle transport trailer (and the motorcycle being transported).

    Lease/loan gap coverage

    If you don’t own your motorcycle or if you’re still paying off your loan, lease/loan gap coverage makes up the difference between the value of your bike and the remaining balance on your loan (or lease). Just be aware that you will need both the aforementioned collision and comprehensive coverage to be eligible.

    Points to consider

    Fewest discounts

    Allstate advertises the fewest discounts of our top picks. The discounts that are available, however, are the standard fare, and they pack a punch. For example, bundling a motorcycle policy with another Allstate policy (home, auto, etc.) can help you save up to 30%. That said, if you want more ways to save, you should look into providers like Safeco, which offers more discounts than any other of our top picks.

    Read our full Allstate review.

    Other Cheap Motorcycle Insurance Companies to Consider

    While the four companies above are most likely to be your cheapest options, there are a few other companies to consider depending on your needs. It’s always worth comparing quotes from our picks with a few additional options to see which strikes the best balance between coverage and price.

    USAA Motorcycle Insurance

    Why it’s worth considering

    If you’re an active or former military member — or related to one — we highly recommend considering USAA for motorcycle insurance. USAA provides exceptional customer service and timely, fair claims payments, as evidenced by top ratings in J.D. Power’s customer satisfaction survey and Consumer Reports’ claims satisfaction study. USAA also earns some of the best possible financial scores: A++ from A.M. Best, AA+ from S&P Global, and Aa1 from Moody’s. These ratings mean that USAA promises rock-solid backing for your policy, as well as a stable credit outlook in just about any economy.

    Why we didn’t choose it

    USAA only insures active or former members of the military and their families. We don’t list it as a top pick because most people aren’t eligible for coverage. However, if you do qualify for USAA motorcycle insurance, we suggest getting a quote — it’s sure to offer great service and likely to be competitively priced.

    Foremost Motorcycle Insurance

    Why it’s worth considering

    If you’re an AARP member, you should definitely get a motorcycle insurance quote from Foremost. It has an excellent A rating from A.M. Best, and AARP members qualify for features like diminishing deductibles, first accident waivers, safety apparel coverage, optional equipment coverage, total loss replacement, and more.

    Why we didn’t choose it

    Foremost’s discounts and coverage options aren’t as competitive for non-AARP members, and it isn’t available in Massachusetts or Hawaii.

    How We Chose the Best Cheap Motorcycle Insurance Companies

    Well-rounded coverage

    The best cheap motorcycle insurance is affordable, but it also needs to provide adequate coverage. The seven personal injury lawyers and independent insurance agents we spoke to all agree: You should buy more insurance than your state requires.

    “The biggest problem with motorcycle insurance is that riders buy the cheapest policy to be ‘street legal’ by state law, but they don’t buy the correct amount of coverage to protect themselves in the event of an accident.”


    Brad Tabakin Personal Injury Attorney

    Their advice pointed us toward five essential coverage options. The limits you choose are up to you, but the best provider needs to make the most important coverages available at the very least:

    Lots of discounts

    We scoured each of our finalists’ websites and tallied up their discounts to see where you can find the biggest savings. Most insurance providers will discount your premium for being a “less risky” customer to insure.

    You may qualify for some discounts by default, like being a “mature rider” or a homeowner, but you can also take proactive measures to make sure you get the best deal on your premium. For instance, if you install an anti-theft device, most providers will knock a few dollars off because they’re less likely to have to reimburse a stolen bike.

    Affordable premiums

    Based on our experts’ recommended coverage levels, we got multiple quotes from each of our contenders, altering the age of the rider and the type of motorcycle to get an idea of how that would affect price.

    We found great policies with plenty of coverage — but they’re not always the cheapest plans out there. While other providers may advertise even lower rates, those bargain prices come at the expense of strong coverage. We looked for top-notch coverage at an affordable rate.

    Guide to Cheap Motorcycle Insurance

    How to save on your premium

    Bundle your insurance

    Sometimes you can save on multiple types of insurance by bundling them together. John Espenschied, Agency Principal at Insurance Brokers Group, recommends that “when it’s practical, combine as many policies as possible to receive the best multi-policy discounts.” This means insuring your motorcycle through the same company that covers your home, car, or any other insurance you may carry.

    Be aware, though, that bundling isn’t always the right choice. Espenschied also points out that motorcycle insurance is often stand-alone because it’s so specialized. You may want to purchase your bike coverage through a provider that has options like custom parts, accessory, and safety apparel coverage. Your auto provider may not offer these, but all of our top picks do.

    Hunt for discounts

    Most discounts are pretty easy to qualify for if you’re aware of them ahead of time. To keep you in the know, we compiled a comprehensive list of available discounts and which of our top picks offer them:

    Nationwide
    Liberty Mutual
    Safeco
    Allstate
    Safety course
    Anti-theft device
    Anti-lock brake
    Motorcycle Association membership
    Bundling
    Paid-in-full
    Homeowner
    Safe driver
    No at-fault accidents
    Renewal
    Mature rider

    Compare quotes

    We’ve said it before, but it bears repeating: Comparing quotes is without a doubt the most important step you can take to save money on your motorcycle insurance premiums. Every company has its own process for evaluating your risk, weighting factors like age, driving history, and motorcycle according to its own unique formula. The only way you’ll know which provider can offer the best premiums is to get multiple quotes.

    Motorcycle Insurance FAQ

    About the Authors

    Maggie Overholt

    Maggie Overholt Contributor

    Maggie is a former lead insurance editor at Reviews.com. She's written more than 70 insurance articles covering homeowners, auto, life, motorcycle, travel, and more.