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By Brian Robson, Insurance and Finance Ronin

Allstate Motorcycle Insurance Review

Allstate, above all else, provides solid motorcycle insurance, with unique options like lease/loan gap coverage and a First-Accident Waiver. It also helps you save on your premium; in addition to standard discounts for insuring multiple motorcycles and being a good driver, Allstate rewards you for bundling your bike coverage with an auto or home insurance policies. While the number of discounts doesn’t quite measure up to other top motorcycle insurance providers, Allstate makes it easy to compare your premium and savings with its online quote tool.

The Claim

Since the 1950s, Allstate has claimed in one form or another that you “are in good hands” when you choose it as your insurance provider.

Is it true?

For the most part, yes.

Allstate provides a wealth of coverage options for motorcycle customers, including mainstays like bodily injury and property damage liability. The company also offers comprehensive and collision coverage, and it will even handle medical expenses for injuries and personal expenses incurred from said injuries (lost income, child care costs, etc.).

There are six discounts available for motorcyclists who switch to Allstate. These include:

  • Multiple motorcycle discount
  • Multi-policy discount
  • Good Rider discount
  • Transfer discount
  • Motorcycle organization discount
  • Motorcycle safety course discount

While the company does not offer the same number of motorcycle insurance discounts as other top providers, these discounts are a good start toward lowering your premium and keeping you "in good hands."

Product Overview

Best for

Anyone looking for comprehensive coverage and a streamlined quote process

Not for

Those looking for lots of discounts or coverage for vintage or classic bikes

Features

Price Quotes differ from person to person
In business since 1931
Standout features Online quote tool
New motorcycle replacement coverage
First-Accident Waiver
Resources and discounts for motorcycle safety
Number of states served 50
A.M. Best financial strength rating A+
A.M. Best issuer credit rating aa
Moody's financial strength rating A1
S&P Global financial strength rating AA-
Number of discounts 6

Excellent coverage options

Allstate has some of the best motorcycle coverage in the industry. In addition to standard bodily injury and property damage liability coverage, the company offers unique options like rental reimbursement and optional or added equipment coverage. Its New Motorcycle Replacement coverage will even cover the costs of a new bike if yours is totaled in an accident.

Lease/loan gap insurance

If you’re leasing your motorcycle or still paying off your loan, you may want to take advantage of Allstate’s lease/loan gap coverage. With this coverage, Allstate will pay the difference between the value of your motorcycle and the balance remaining on your lease or loan. In order to be eligible for this coverage, you must have both collision and comprehensive coverage on the same policy. This type of protection is rare among other motorcycle insurance providers, and the additional peace of mind is worth it.

Plenty of ways to save

While Allstate doesn’t have as many advertised discounts as competitors, the website boasts that you can still save up to 50% on your Allstate motorcycle insurance policy through discounts. Easy ways to save include:

  • 10% for switching your motorcycle insurance to Allstate
  • 10% for going 60 months without an at-fault accident
  • 5% for attending a motorcycle safety course
  • 30% for bundling your motorcycle insurance with homeowners or car insurance
  • 35% for insuring multiple motorcycles

Streamlined quote process

Getting an Allstate motorcycle insurance quote is easy, thanks to its online quote tool. The tool asks you some basic questions about yourself and your motorcycle, then allows you to adjust your coverage until you have a policy that is just right for you. Information about your driving history is pulled from public records, so you don’t have to record it yourself, and discounts that you qualify for are automatically applied. Throughout the entire quote process, your local Allstate agent’s name and phone number are displayed, so you can easily contact the agent if you have any questions about your quote. Otherwise, you can purchase your policy online with just a click.

Possible drawbacks

No vintage motorcycle coverage

Allstate’s website does not advertise coverage for classic bikes or vintage models. If you’re a collector, you may be better off with a company like Progressive, which includes this coverage as a policy option.

Fewer discounts than competitors

Allstate advertises six motorcycle insurance discounts, including mainstays like multi-policy discounts and going 60 months without an at-fault accident. However, we found the offerings a little light compared to the nine offered by Nationwide and the 12 featured by Progressive. These discounts open up even more ways to save, including those for equipping anti-lock brakes or paying your premium in full.

The Competition

Allstate
Progressive
Nationwide
State Farm
Read review
Read review
Read review
Advertised discounts
6
12
9
0
A.M. Best financial strength rating
A+
A+
A+
A++
24/7 support
Online resources
Vintage/classic bike coverage

Allstate vs. Progressive

Of the four companies we looked at, Progressive offers the most in the way of motorcycle insurance discounts, with discounts for having anti-lock brakes installed and consistently paying on time. Progressive also covers classic and vintage bikes, making the company ideal for bike collectors. That said, in our review of the best motorcycle insurance providers, we found that Progressive’s add-ons quickly upped the price of our premium, so any optional coverage options you select could make it one of the most expensive companies on our list. We recommend gathering quotes from Allstate and Progressive to see what each can offer you.

Allstate vs. Nationwide

Not only does Nationwide have more discounts than Allstate, the company also offers Original Equipment Manufacturer (OEM) endorsement. This coverage guarantees that only original equipment manufacturer parts are used when it comes to repairs — ensuring that all repairs to your bike are high-quality. However, where Nationwide falls short is in its quote process. While you can start your quote online, you must speak to a representative in order to actually receive it. This makes comparison shopping more of a hassle, especially compared to Allstate’s easy online quote tool.

Allstate vs. State Farm

State Farm’s website is bereft of advertised discounts, meaning you’ll have to speak with an agent for any possible ways to save. That said, State Farm offers solid coverage to motorcyclists, including costs for custom work on your bike as well as roadside assistance expenses — meaning State Farm may offer the coverage you need, even if you can’t get the lowest premium. And even if you don’t choose State Farm as your provider, we recommend taking advantage of its online resources; with hundreds of articles about insurance (and almost a dozen about motorcycle insurance, specifically), its educational tools are unmatched by the competition.

Allstate Motorcycle Insurance FAQ

Does Allstate motorcycle insurance cover medical bills?

Allstate’s medical payments coverage covers the cost of reasonable and necessary expenses incurred from injury to you or your passenger. The site describes these expenses as costs of ambulance rides and X-rays.

Does Allstate motorcycle insurance cover other riders?

Uninsured/underinsured motorist bodily injury coverage covers the injuries of you and your passengers upon getting into a collision with an at-fault driver who is underinsured or uninsured. Allstate's medical payments coverage also covers the medical expenses of you or your passenger.

Is motorcycle insurance mandatory?

Of the 50 states in the U.S., 47 require motorcyclists to have minimum liability insurance — every state but Florida, Montana, and Washington.

The Bottom Line

If you’re seeking out solid coverage for your motorcycle and a streamlined quote process, look no further than Allstate. With unique coverage options like New Motorcycle Replacement and lease/loan gap coverage, Allstate makes it easy to customize your policy to your specific needs. However, be aware that the company does not offer the most discounts of top insurance providers, so the company may not offer you your lowest premium. As with all types of insurance, we recommend comparing quotes from multiple insurers before making your decision.

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