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ByMaggie Overholt Senior Insurance Editor

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

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, 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.

Why Trust This Review?

Since 2013, Reviews.com has helped millions of people find the best of the best when it comes to all sorts of products and services, including cheap motorcycle insurance. We’ve vetted 23 of the nation’s top providers, compared ratings from three of the nation’s leading financial studies organizations, consulted with seven experts, and updated this review regularly in order to bring you the most current information. The author of this review does not own stock in any of the companies mentioned, or in any other motorcycle insurance providers.

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

The 4 Best Cheap Motorcycle Insurance Companies

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.

Best for
"Low-Risk" Riders
Liberty Mutual

Liberty Mutual

Pros
Safety discounts
Bike replacement coverage
Cons
Discount and coverage availability is iffy

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.


Impressive Discounts
Safeco

Safeco

Pros
Generous discounts
Excellent roadside assistance
Con
Not ideal for specialty bikes
No online quote tool

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 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.


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.

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.

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

How do I get cheap motorcycle insurance?

Finding the cheapest motorcycle insurance will take some time. It’s not as simple as choosing the motorcycle insurance provider with the most discounts — you should also compare coverage options and quotes to make sure you have adequate protection.

In order to find the best and cheapest motorcycle insurance, here are a few things to consider:

  1. Evaluate your ride. Have you had your motorcycle for a long time? Is it a vintage bike? Have you spent a lot of time and money customizing it? It won’t matter how low your premiums are if your provider doesn’t offer coverage for your unique situation.
  2. Compare discounts. Even though you shouldn’t base your decision entirely on discounts, they’re still important. Before making your decision, take a look at each provider’s list of available discounts and tally up which ones you can take advantage of.
  3. Consider safety course discounts. Just because you know how to ride your motorcycle doesn’t mean there’s nothing new left to learn (or ways to save). All four of our top picks offer discounts for passing authorized safety courses.
  4. Do your homework. The most important step is to shop around and gather as many quotes as possible. That’s how we arrived at our top four picks, but quotes depend on your own situation and motorcycle; you might get cheaper rates and personalized coverage with a company that’s not on this list. For more of our favorite options, check out our review of the best motorcycle insurance.

What affects motorcycle insurance rates?

“The biggest driving factors when buying motorcycle insurance are the type of bike and age of the rider,” Espenschied told us. And while each company evaluates risk a little differently, that statement held up in our tests. The amount of coverage you opt for will have a huge effect as well — bare minimum liability insurance will be a lot cheaper than a policy with more comprehensive coverage. After that, factors like driving record and location come into play.

Does motorcycle insurance cover passengers?

It depends on which provider you go with, but for the most part, yes. All but two of the companies listed above cover your passengers if you get in an accident that’s your fault, even if they’re not explicitly insured on your policy; Liberty Mutual and Foremost Insurance are the exceptions.

Is motorcycle insurance required by law?

While our experts counseled against going this route, riders only need to meet the minimum liability requirements in most states. That means you have enough insurance to cover someone else’s losses if you’re at fault in an accident. No medical coverage for you or your passengers, no protection for your own bike — just the bare minimum to cover any damage you might cause to others.

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