Who Has the Cheapest Motorcycle Insurance in Tennessee?

Your motorcycle coverage won't just fulfill a legal requirement. It will also protect a bike you invest a lot of time and money in, as well as protect your health if you're in an accident. We collected 150 quotes from cities across Tennessee to find the best insurers for your needs.

Cheapest motorcycle insurance companies in Tennessee

Nationwide offers lowest rates in Tennessee by a significant margin. The average price for Nationwide is $655 per year, $113 less than the next-cheapest option, Geico. Nationwide's rate is 26% cheaper than the state average.

Cheapest motorcycle insurance companies in Tennessee

Best motorcycle insurance for most riders: Nationwide

Nationwide is the most affordable motorcycle insurance option we found in Tennessee. With rates that are 15% cheaper than any other company we surveyed, Nationwide customers can get a good range of coverage options.

You can reduce those already low rates even more with the wide suite of discounts Nationwide offers, such as:

Nationwide has a modest array of coverage options, with a few particularly useful ones. Customers can get OEM parts coverage, roadside assistance, custom equipment coverage and access to a disappearing deductible.

Nationwide's customer service in Tennessee leaves a bit to be desired. The company has a National Association of Insurance Commissioners’ Complaint Index score of 1.05, meaning customers file complaints at a slightly higher rate than average.

Best for complete coverage: Progressive

Customers looking for complete coverage in Tennessee can find their best option with Progressive. The company offers cheaper-than-average rates, with a wide range of add-ons to a policy.

Beyond basics like liability, comprehensive and collision, a standard Progressive policy includes full replacement cost coverage for parts, $3,000 in coverage for accessories and custom equipment, plus original equipment manufacturer (OEM) parts if your bike needs repairs. Customers can also purchase:

Access to that set of options is on the affordable side, as we found Progressive had below-average prices in Tennessee for full coverage. The company's average rate of $776 per year is 13% less than the state average.

Those rates can come down even more with a range of discounts Progressive offers. That includes price breaks for taking a safety course, joining the Harley Owners Group (H.O.G.) or bundling with another policy from the company.

Finally, Progressive has the best-rated customer service we found in Tennessee. The company's Complaint Index from the National Association of Insurance Commissioners (NAIC) was an impressive 0.22 last year. That means Progressive gets only 22% of the complaints expected for a company its size, indicating policyholders are happy with their coverage.

Best for daily riders: Dairyland

If you rely on your bike to get around on a daily basis, Dairyland is an option to consider in Tennessee. The company offers two coverage options that together can keep you on the road after an accident.

These together can quickly get your bike to a repair shop and help you secure another form of transit until it is fixed.

Those features will cost extra, on top of Dairyland's higher prices for full coverage policies. The average rate we found for the company in Tennessee is $945 per year, 6% higher than the state average.

Riders can cut down on those costs with discounts for switching to the company, anti-theft devices installed on the vehicle, insuring multiple motorcycles and taking a safety course.

Best-rated Tennessee motorcycle insurers

Having motorcycle insurance you can rely on is often as valuable as getting a good rate. In high-stress situations after an accident, a good claims experience can make a considerable difference. Two key ways we measure that level of service for a company are the NAIC Complaint Index and the AM Best Financial Strength Rating.

Your experience with a motorcycle insurance company will be heavily impacted by the quality of service, and it should be factored into your purchase decision.

The NAIC Complaint Index compares the number of complaints a company receives with its share of the market. The average score is 1.0 and lower numbers indicate better performance. The NAIC combines car and motorcycle insurance into a single industry category. This means scores are based on each company's combined premiums for motorcycles and cars.

AM Best grades companies on their financial stability. Higher grades mean the company will be in a better position to pay out claims to all its customers in the event of a massive calamity.

Tennessee motorcycle insurance rates by city

The price of motorcycle insurance varies widely by city in Tennessee. The difference between the cheapest city we found, Morristown, and most expensive, Memphis, is $494 per year.

Where you live impacts insurance rates because of factors such as road quality and motorcycle theft in the area. Bad roads and higher rates of theft will raise your rates.

Tennessee motorcycle insurance requirements

To ride in Tennessee, you need to carry a minimum amount of motorcycle insurance to prove financial responsibility. That limit matches the amount of coverage needed to drive a car legally:

Methodology

ValuePenguin gathered 150 motorcycle insurance quotes from five major companies that offer coverage in Tennessee: Allstate, Dairyland, Geico, Nationwide and Progressive. For a sample rider, we used a 45-year-old married man who owns a 2021 Harley-Davidson Street Glide. We used the following coverage limits, which exceed the state minimums: