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The Best Cheap Motorcycle Insurance Companies

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    Reviews Report

    • Allstate is Reviews.com’s top cheap motorcycle insurance company due to its coverage options, customer satisfaction and support.
    • The best motorcycle insurance companies have plenty of discounts.
    • All providers we reviewed offered a discount for taking a motorcycle safety course.

    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 6 Best Cheap Motorcycle Insurance Companies

    Compare the Best Cheap Motorcycle Insurance Companies

    Nationwide Liberty Mutual Safeco Allstate USAA Markel
    Our review Our review
    Best for
    ’High-risk’ riders ’Low-risk’ riders Discounts Coverage options Military families Coverage options
    Reviews.com Score 4.4 3.8 3.6 4.6 4.2 4.25
    A.M. Best rating
    A+ A A A+ A++ A
    J.D. Power score 862/1,000 853/1,000 838/1,000 858/1,000 900/1,000 Not Rated
    Compare rates Compare rates Compare rates Compare rates Compare rates Compare rates

    Information accurate as of February 2021.

      Best for High-Risk Riders: Nationwide

      Why we chose it

      Among our top picks, Nationwide came in cheapest for our riskiest test profile: a 20-year-old riding a Suzuki sportbike. If you’re a “high-risk” biker looking for a cheap premium, we recommend including Nationwide in your search.
      • 4.4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 862* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      Among our top picks, Nationwide came in cheapest for our riskiest test profile: a 20-year-old riding a Suzuki sportbike. If you’re a “high-risk” biker looking for a cheap premium, we recommend including Nationwide in your search.

      Pros

      • Affordable upgrades
      • Built-in accessory coverage
      • Easy online claim filing

      Cons

      • No motorcycle replacement coverage
      • No mature rider discounts
      Read More

      Types of Coverage Offered**

      • Custom equipment
      • OEM endorsement
      • Roadside assistance
      • Medical payments
      • Uninsured/underinsured

      Discounts Available

      • Multi policy/vehicle
      • Motorcycle safety course
      • Theft recovery device/Anti lock brakes
      • Riding association affiliation

      *J.D. Power’s 2020 U.S. Insurance Shopping Study rating. Based on a 1,000-point scale.

      **In addition to basic coverage of comprehensive, collision, body liability, personal injury, and property liability.

      Best for Low-Risk Riders: Liberty Mutual

      Why we chose it

      Liberty Mutual offers some discounts that favor the cautious rider. Customers who complete an approved motorcycle safety course are eligible for discounts.
      • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 853* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      Liberty Mutual offers some discounts that favor the cautious rider. Customers who complete an approved motorcycle safety course are eligible for discounts.

      Pros

      • Accident forgiveness
      • Excellent replacement bike coverage

      Cons

      • Not ideal for specialty bikes
      • Discounts not available nationwide
      • No online quote tool
      Read More

      Types of Coverage Offered**

      • Better Bike Replacement
      • New bike replacement
      • Roadside assistance

      Discounts Available

      • Safety course
      • Bundle and save
      • Experienced rider

      Best for Roadside Assistance: Safeco

      Why we chose it

      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.
      • 3.6 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 838* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      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.

      Pros

      • Safety discounts
      • Bike replacement coverage

      Cons

      • No coverage for vintage bikes
      • No online quote tool
      Read More

      Types of Coverage Offered**

      • OEM
      • Safety gear 
      • Harley Davidson Replacement Cost Provision
      • Roadside assistance

      Discounts Available

      • Claims-free
      • Bundle
      • Safety course
      • Experienced rider

      Best for Bundling: Allstate

      Why we chose it

      Allstate’s bundling discount is significantly more generous than other insurance companies we looked at, offering 30% for pairing motorcycle insurance with another policy.
      • 4.6 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 858* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      Allstate’s bundling discount is significantly more generous than other insurance companies we looked at, offering 30% for pairing motorcycle insurance with another policy.

      Pros

      • Best bundling discount
      • Generous coverage options
      • Lease/loan gap coverage

      Cons

      • No coverage for vintage bikes
      • No online quote tool
      Read More

      Types of Coverage Offered**

      • Uninsured/underinsured
      • Towing and labor
      • Medical payments
      • Trailer
      • Lease/loan gap
      • Optional or added equipment

      Discounts Available

      • Multi vehicle/policy
      • Good rider
      • Transfer
      • Motorcycle organization
      • Safety course

      Best for Military Members: USAA

      Why we chose it

      USAA provides strong customer satisfaction and stable financial ratings to military members and their families.
      • 4.2 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 900* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      USAA provides strong customer satisfaction and stable financial ratings to military members and their families.

      Pros

      • Excellent customer satisfaction
      • Strong financial rating

      Cons

      • Only available to military
      • Limited information on website
      Read More

      Types of Coverage Offered**

      • Medical payments
      • Uninsured/underinsured
      • Roadside assistance

      Discounts Available

      • Claims-free 
      • Safety course
      • Multi-vehicle

      Best for Coverage Options: Markel

      Why we chose it

      Markel has the best line up of coverage options for your motorcycle. It comes with all of the standard coverages plus specialty coverage including trailer, mechanical breakdown, funeral expense, roadside assistance, and more.
      • 4.25 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
      • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
      • 900* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

      Why we chose it

      Markel has the best line up of coverage options for your motorcycle. It comes with all of the standard coverages plus specialty coverage including trailer, mechanical breakdown, funeral expense, roadside assistance, and more.

      Pros

      • Wide variety of coverage options
      • Many discounts available

      Cons

      • Phone or email claims only
      Read More

      Types of Coverage Offered**

      • Roadside assistance
      • Trip interruption
      • Passenger liability 
      • Mechanical breakdown
      • Trailer 
      • Funeral expense

      Discounts Available

      • Safe driver
      • Safety course
      • Transfer
      • Accident forgiveness
      • Anti lock/brake systems

      *J.D. Power’s 2020 U.S. Insurance Shopping Study rating. Based on a 1,000-point scale.

      **In addition to basic coverage of comprehensive, collision, body liability, personal injury, and property liability.

      Cheap Motorcycle Insurance: What You Need to Know 

      Coverage options

      The best 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,” says Brad Tabakin, a personal injury attorney.

      When it comes to coverage, the limits you choose are up to you, but the best provider needs to make the most important coverages available at the very least:

      Collision coverage

      Collision pays to repair or replace your bike if it’s damaged in an accident. This comes standard with any insurance plan — the real question is how big your deductible will be. With most providers, you can choose a deductible anywhere between $100 and $1,000. Selecting a higher deductible usually means getting a lower premium, but it will also cost you more in the event of a crash.

      Comprehensive coverage

      Comprehensive covers any losses and damages that weren’t the result of an accident, like theft or natural disaster. As with collision coverage, you’ll have some freedom to choose a deductible you’re comfortable with.

      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.

      How to Save on Your Motorcycle Insurance Premium

      Motorcycle insurance 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:


      NationwideLiberty MutualSafecoAllstateUSAAMarkel
      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




      Motorcycle Insurance FAQ

      Methodology

      We evaluated motorcycle insurance companies based on discounts, coverage, claim filing, financial strength and customer satisfaction to determine Reviews.com scores and create our best motorcycle insurance reviews. To compare motorcycle insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

      • Discounts: Motorcycle insurance companies that advertised more discounts received higher scores in our methodology
      • Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each motorcycle insurance company’s financial stability.
      • Customer Satisfaction: Because J.D. Power does not study motorcycle insurance customer satisfaction, we utilized J.D. Power’s 2020 Insurance Shopping Satisfaction Study for auto insurers. 
      • Coverage: Motorcycle insurance companies were awarded higher scores for advertised coverages beyond the body liability, property liability, collision and personal injury protection.
      • Claims Filing: Reviews.com compared each company’s claims filing process — companies that had mobile claims filing scored the highest in this metric.

      About the Authors

      Erin Gobler is an insurance writer for Reviews.com. Over the past three years, she has covered personal finance topics such as insurance, banking, mortgages, and more. Her work has been featured in sites such as The Simple Dollar, Bankrate, and Coverage.com. She holds a bachelor’s degree in Journalism from the University of Wisconsin-Oskosh. Erin’s favorite Reviews.com article is the State Farm Renters Insurance Review.

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