Motorcycle insurance is an essential purchase for every rider. Not only does it protect you in the event of an accident, but it can also cover theft, damage, and liability issues. With so many providers offering different plans, choosing the best motorcycle insurance policy can be daunting. To help you make an informed decision, here is a list of the best 10 motorcycle insurance options for 2024, catering to different needs and preferences.
1. Geico Motorcycle Insurance
Best for Affordability and Comprehensive Coverage
Geico is one of the most popular providers of motorcycle insurance, known for offering affordable premiums and comprehensive coverage options. Geico offers a wide range of policy options, including liability, collision, and comprehensive coverage. Additionally, it provides unique benefits like discounts for safety courses and multi-policy bundling. Geico’s user-friendly website and mobile app make managing your policy convenient, and its reputation for customer service is strong.
**Pros:**
– Competitive rates
– Discounts for safe riders and safety course completion
– Easy online quotes and claims
**Cons:**
– Limited to U.S. only
– Customer service can sometimes be slow during peak times
2. Progressive Motorcycle Insurance
Best for Custom and High-Risk Riders
Progressive is a leader in the motorcycle insurance industry, offering flexible coverage options that are perfect for custom bikes, high-performance motorcycles, and high-risk riders. It’s well-known for insuring a variety of motorcycle types, including vintage bikes and those with extensive custom modifications. Progressive also offers specialized coverages like equipment coverage, custom parts, and road hazard coverage.
**Pros:**
– Custom bike coverage
– High-risk rider options
– 24/7 claims reporting
**Cons:**
– Rates may be higher for younger riders
– Claims process can be lengthy at times
3. **State Farm Motorcycle Insurance**
**Best for Long-Term Riders**
State Farm is another excellent option for motorcycle insurance. It offers a range of standard and optional coverage, including medical payments, liability, and comprehensive coverage. Riders who have been with State Farm for years can benefit from multi-policy discounts and long-term customer loyalty perks. They also have a reputation for good customer service and fast claims processing.
**Pros:**
– Discounts for bundling
– Strong customer service
– Excellent mobile app for managing policies
**Cons:**
– Some coverage options can be more expensive
– Limited options for high-risk riders
### 4. **Allstate Motorcycle Insurance**
**Best for Riders Who Want to Customize Their Coverage**
Allstate stands out for its ability to let riders customize their motorcycle insurance policies. You can add optional coverages like sound system protection, custom parts and equipment, and more. Allstate also offers coverage for roadside assistance, making it ideal for long-distance riders. With its Safe Rider program, riders who complete safety courses can receive discounts.
**Pros:**
– Customization of coverage
– Safe Rider discount
– Roadside assistance available
**Cons:**
– Customer service can be inconsistent
– Higher premiums for some riders
### 5. **Nationwide Motorcycle Insurance**
**Best for Riders Seeking a Wide Range of Discounts**
Nationwide provides flexible motorcycle insurance options with plenty of discounts. From multi-policy discounts to safe driving discounts, Nationwide makes it easy for riders to save on premiums. Additionally, it offers options like custom equipment coverage, roadside assistance, and total loss replacement for newer bikes.
**Pros:**
– Discounts for safe riders and multi-policy bundling
– Roadside assistance and travel coverage
– High customer satisfaction ratings
**Cons:**
– Coverage options may be limited in some states
– Higher rates for young or inexperienced riders
### 6. **Farmers Motorcycle Insurance**
**Best for Comprehensive Add-Ons**
Farmers Insurance allows riders to tailor their motorcycle policies with an extensive range of add-ons. Whether it’s adding custom equipment, coverage for medical bills, or roadside assistance, Farmers can cater to your specific needs. Farmers is particularly known for its extensive claims support and customer service, which can make a big difference when filing a claim after an accident.
**Pros:**
– Customizable coverage options
– Strong claims support and customer service
– Option for roadside assistance
**Cons:**
– Policies may be more expensive in some regions
– Some riders report slower claims processing
### 7. **Liberty Mutual Motorcycle Insurance**
**Best for Bundling with Other Insurance Policies**
Liberty Mutual is a good choice for riders who want to bundle their motorcycle insurance with other policies, such as auto or home insurance, to get significant discounts. Liberty Mutual offers a variety of coverage options, including liability, comprehensive, collision, and uninsured motorist coverage. They also provide 24/7 claims reporting and access to discounts for both safe driving and completing motorcycle safety courses.
**Pros:**
– Multi-policy discounts
– Flexible coverage options
– 24/7 claims reporting
**Cons:**
– Claims process can be cumbersome
– Higher premiums for high-risk riders
### 8. **USAA Motorcycle Insurance**
**Best for Military Personnel and Their Families**
If you are a current or former military member (or a family member), USAA offers some of the most affordable motorcycle insurance options. It provides all the standard coverage options, plus benefits like competitive rates, quick claims handling, and excellent customer service. USAA also offers a range of discounts, including for safe riders and bundling policies.
**Pros:**
– Exclusive rates for military families
– Strong customer service and fast claims
– Discounts for safe riders and policy bundling
**Cons:**
– Only available to military personnel and their families
– Limited coverage options for high-risk riders
### 9. **Harley-Davidson Insurance**
**Best for Harley Owners**
Harley-Davidson Insurance is designed specifically for Harley riders, offering customized coverage to match the needs of Harley-Davidson motorcycle owners. They offer a unique package for enthusiasts, which includes protection for custom parts, touring coverage, and more. Harley also provides roadside assistance, and its policies can be bundled with other Harley products.
**Pros:**
– Custom coverage for Harley owners
– Roadside assistance
– Discounts for riding clubs and events
**Cons:**
– Limited to Harley-Davidson motorcycles
– Higher rates compared to some competitors
### 10. **Esurance Motorcycle Insurance**
**Best for Online Convenience and Efficiency**
Esurance is an online-only insurance provider that appeals to tech-savvy riders who want an easy way to manage their motorcycle insurance. It offers a range of customizable coverage options, including collision, comprehensive, and liability coverage, as well as discounts for safe driving and bundling with other insurance policies. With a fully online claims system, managing your policy and reporting accidents is incredibly easy.
**Pros:**
– Fully online claims and policy management
– Discounts for safe driving and bundling
– Easy-to-navigate website and mobile app
**Cons:**
– No physical customer service offices
– May have fewer personalized options compared to competitors
### Conclusion
When it comes to motorcycle insurance, the best policy depends on your specific needs, riding style, and budget. Whether you’re looking for affordability, comprehensive coverage, or specialized protection for custom bikes, there’s a provider that fits your needs. The options listed above are all excellent choices for 2024, offering a balance of coverage, discounts, and customer service to ensure you’re protected on the road. Be sure to shop around, compare quotes, and consider the level of service you’ll receive when choosing the best motorcycle insurance policy for you.