Cheap Motorcycle Insurance (2023)
Nationwide has the cheapest motorcycle insurance rates, at $49 per month, or $593 per year, for full coverage.
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Best cheap motorcycle insurance
Nearly every state requires you to get motorcycle insurance before taking to the roads. To help you find cheap motorcycle insurance, we compared costs from some of the country's most well-known providers.
Which companies have the cheapest motorcycle insurance?
Nationwide has the cheapest motorcycle insurance in the country, at $49 per month on average. That's $11 less per month than the national average.
The average cost of motorcycle insurance is $60 per month in the U.S.
Compare Cheap Motorcycle Insurance in Your Area
Geico and Progressive also offer affordable rates, at $51 and $52 per month, respectively.
Cheapest motorcycle insurance
Company | Average monthly rate | Editor's rating | |
|---|---|---|---|
| Nationwide | $49 | |
| Geico | $51 | |
| Progressive | $52 | |
| Markel | $69 |
[/rating score="70" /]
|
| Allstate | $71 | |
| Dairyland | $73 |
Cheapest motorcycle insurance by state
Progressive has the cheapest motorcycle quotes in 22 states, the most of any insurance company. Geico is the cheapest option in 16 states, while Nationwide is the most affordable company in 10 states.
Cheapest motorcycle insurance rates by state
State | Cheapest company | Monthly rate | Diff. from state average |
|---|---|---|---|
| Alabama | Progressive | $33 | -45% |
| Alaska | Progressive | $34 | -15% |
| Arizona | Progressive | $42 | -34% |
| Arkansas | Progressive | $52 | -20% |
| California | Geico | $65 | -57% |
Cheapest motorcycle insurance: Nationwide
Editor's rating
Monthly rate: $49 ?
Pros and cons
Nationwide offers the cheapest motorcycle insurance quotes at $49 per month, or $593 per year. That's $11 less per month than the national average cost of $60 per month.
There are a few ways you get even cheaper rates from Nationwide. For example, if you bundle your motorcycle coverage with a car or home insurance policy, or if you insure more than one bike, you could lower your rates with a multivehicle discount.
Nationwide also offers a vanishing deductible. For every accident-free year, your deductible is reduced by $100.
Nationwide also offers great coverage. Policies can include custom equipment or original equipment manufacturer (OEM) parts coverage along with roadside assistance.
Riders aren't always happy with the service they get from Nationwide, though. The company gets fewer complaints than expected based on its size, according to the National Association of Insurance Commissioners (NAIC). But it scored below average overall on J.D. Power's annual claims satisfaction survey.
Cheapest motorcycle insurance for extra coverage: Progressive
Editor's rating
Monthly rate: $52 ?
Pros and cons
Progressive has the cheapest motorcycle insurance for riders that need extra coverage. Policies from Progressive cost $52 per month on average, or $625 per year, include a number of features and can be customized.
Riders insured with Progressive may be able to score a bargain on motorcycle insurance through the company's many discounts. Some are very easy to take advantage of, like discounts for making electronic payments, proving you have a motorcycle license and paying on time.
Progressive's standard motorcycle insurance policy includes more coverage than most other companies.
Riders automatically get replacement cost coverage, original equipment manufacturer (OEM) parts coverage and $3,000 of custom parts protection when they have comprehensive and collision coverage.
While Progressive has fewer complaints than other companies of a similar size, according to the NAIC, it earned the second-lowest score on J.D. Power's claims satisfaction survey. That means drivers aren't very happy with the customer service they get from Progressive after an accident.
Cheapest motorcycle insurance for young riders: Geico
Editor's rating
Monthly rate: $51 ?
Pros and cons
First-time motorcycle riders typically pay higher rates, but Geico consistently offers affordable prices for riders 18 to 21 years old.
The average Geico policy is $51 per month for a 50-year-old rider, or $610 per year. That's only $2 more per month than our cheapest insurer, Nationwide.
Geico's rates for young riders are cheaper than rates from other insurance companies, too.
Geico motorcycle rates by age
Driver age | Geico's monthly cost | Difference from average |
|---|---|---|
| 18-year-old | $131 | -52% |
| 20-year-old | $131 | -43% |
| 21-year-old | $100 | -44% |
| 50-year-old | $51 | -15% |
Rates are based on a rider living in Austin, Texas.
Geico also gives young riders the ability to make installment payments, instead of having to pay the balance all at once. Although there is a small fee for each installment, this option helps make motorcycle insurance more affordable by giving riders the option to split the annual cost into manageable payments.
Although Geico offers enough coverage for most young riders, some of the more common options, like original equipment manufacturer (OEM) coverage, aren't available.
Cheapest insurance for bundling motorcycle and auto policies: Allstate
Editor's rating
Monthly rate: $71 ?
Pros and cons
Allstate offers the largest bundling discount for auto and motorcycle insurance. Riders can save 10% off of their car insurance when combining policies.
Allstate offers a number of other discounts, including:
- Policy transfer discount when you switch to Allstate
- Motorcycle safety course discount for riders who passed a safe driving program in the past three years
- Good rider discount for five years without an at-fault accident or major traffic ticket
- Motorcycle organization membership discount if you belong to a riding organization like the Harley Owners Group (H.O.G.)
- Easy pay plan discount for enrolling in automatic payments
- Full pay discount for paying your policy balance up front
However, Allstate's rates are expensive for riders that don't qualify for any discounts. A policy costs $71 per month, or $854 per year — 18% more expensive than average.
Riders who value a relationship with an insurance agent can get in-person assistance from local Allstate representatives, but the company has mixed customer service reviews.
Allstate gets fewer complaints than competitors of a similar size, according to the National Association of Insurance Commissioners (NAIC) complaint index. Customers surveyed by J.D. Power weren't impressed with its claims process, though. That means Allstate may take longer to get you back on the road after an accident, compared to other companies.
How to get affordable motorcycle insurance
Comparing quotes, searching for discounts and raising your deductible could help you find cheap motorcycle insurance.
- To find the cheapest motorcycle insurance, start by comparing quotes from multiple companies. The difference between the cheapest and most expensive insurer could be hundreds of dollars per year.
-
Next, you should review each company's discounts In most places, you can get discounts for:
- Renewing coverage with a company
- Transferring from another company
- Remaining accident-free for multiple years
- Taking an approved safety course
- Bundling other insurance policies, like home and auto
- Insuring multiple bikes
- Having certain safety features on your bike
- Finally, riders can lower their motorcycle insurance rates by adjusting their deductible and coverage levels, especially with comprehensive and collision coverage. Raising a deductible from $250 to $500 on a Progressive motorcycle insurance policy reduces the overall cost of the policy by more than $100 per year.
Frequently asked questions
Who has the cheapest motorcycle insurance?
Nationwide has the cheapest motorcycle insurance for most riders. A policy from Nationwide costs $49 per month, or $593 per year, on average.
How can I lower the cost of my motorcycle insurance?
The best way to find cheap motorcycle insurance rates is to compare quotes from multiple companies. You should also research discounts to make sure you're taking advantage of all the discounts you qualify for. Raising your deductible will also save you money, but it's important that you choose a deductible you can afford to pay after an accident.
Is Geico or Progressive better for motorcycle insurance?
The average motorcycle insurance rates from Geico are $1 less per month than the rate from Progressive. However, Progressive is a great company for riders who need extra coverage. Progressive includes more coverage in its base policy than Geico.
Methodology
We collected thousands of quotes from six major insurance companies across the country to determine the lowest rates. Our sample rider was a 50-year-old man. To choose the best insurance provider in each category, we studied the coverages offered, rates and available discounts.
To determine the cheapest bike insurance for young riders, we collected rates from five insurance companies based on a male rider in Austin, Texas. The coverage limits were:
- Bodily injury protection: $30,000 per person/$60,000 per accident
- Property damage coverage: $25,000
- Medical coverage: $5,000
- Comprehensive and collision deductible: $500
To find the change in cost when raising your deductible, we collected rates based on a 35-year-old man in Austin, Texas.