The Best Motorcycle Insurance Companies (2024)

ValuePenguin’s experts chose top-rated motorcycle insurance companies across different categories to make it easy to find one that best fits your needs. Companies are compared based on coverage, cost, discounts and customer service.

Average rates are based on thousands of quotes from top insurance companies. Quotes are for a full coverage policy, which covers your bike and any damage you might cause on the road. See our full methodology.

On average, policies cost $22 per month, with rates as low as $14 per month in some states. That makes Dairyland a great choice for low-cost motorcycle insurance.

Dairyland customers can add on roadside assistance and rental reimbursement coverage at an extra cost. These coverages make it a great choice for riders who use their motorcycle as their main vehicle.

In addition, Dairyland will pay to fully restore or replace your motorcycle after a crash without accounting for wear and tear, called replacement cost coverage, if it’s less than three years old. Many other companies have a mileage limit or set a one-year cap on full replacement coverage.

Riders aren’t thrilled with the service they get from Dairyland, though. It gets 60% more complaints than an average insurance company its size, according to the National Association of Insurance Commissioners (NAIC). If you’re in an accident, it may take longer to settle your claim with Dairyland compared to other companies.

Progressive has the best motorcycle insurance for most people. It offers extra coverage and reliable customer service at an affordable rate. A full coverage policy from Progressive costs around $23 per month. That’s $10 per month cheaper than average.

Progressive also offers original equipment manufacturer (OEM) coverage. It will replace any original or custom parts on your bike with the same parts.

Progressive also includes $3,000 of coverage for damage to custom parts, upgrades and customizations when you get collision and comprehensive coverage. And you can pay extra to raise the limit up to $30,000 if needed.

In addition, Progressive gets 35% fewer complaints compared to an average company of the same size, according to the NAIC. That means riders are typically happy with the service they get from Progressive.

However, Progressive doesn’t offer rental reimbursement coverage for motorcycles. You may want this coverage if you don’t have another vehicle or if you ride your bike every day.

Full-coverage Harley-Davidson motorcycle insurance costs just $24 per month, on average. That’s $9 per month cheaper than the national average, making it one of the most affordable motorcycle insurance options available. In addition, it offers 13 discounts to help you lower your motorcycle insurance rates.

Harley-Davidson also has lots of coverage add-ons to help you customize your motorcycle insurance policy. Options include roadside assistance, rental reimbursement coverage, vacation rental coverage and custom equipment coverage.

The main downside to Harley-Davidson insurance is that it doesn’t sell car, home or renters insurance policies. If you need to protect another vehicle, your home or your belongings, you’ll have to get a policy from a different company. That can be inconvenient, especially if you have a major emergency, like a fire that damages both your home and bike.

Young motorcycle riders on a budget may find this helpful. In comparison, many companies require you to pay your annual rate in full upfront. However, you’ll probably have to pay Geico a small fee for each installment.

Geico’s motorcycle insurance isn’t typically the cheapest option. The average cost of a full coverage policy is $36 per month. That’s $3 per month more than the national average. But Geico lets you lower your insurance costs with a wide range of discounts. For example, young riders who take a Motorcycle Safety Foundation or Military Safety Course get a 10% discount.

Geico motorcycle insurance allows riders to customize their coverage to meet their needs. That means policies don’t automatically include complex options that young riders may not need. However, it doesn’t offer some popular upgrades, like original equipment manufacturer (OEM) coverage.

Insurance from Markel tends to be expensive. A full coverage policy from Markel costs $39 per month on average. That’s $6 more per month than the national average.

However, motorcycle collectors can save money by insuring more than one bike or car with Markel. It also offers a way for safe riders to save money through its vanishing deductible. Markel will reduce your deductible by 25% each year you avoid an accident until it’s $0.

Markel insures more motorcycle types than many other companies. It covers:

Markel is also a great choice for bikers with a vintage motorcycle who are having trouble getting coverage elsewhere.

One major drawback is Markel’s poor customer support. It gets four times more complaints than an average company its size, according to the NAIC. That means you may have a hard time getting back on the road after a crash.

USAA doesn’t offer motorcycle insurance directly. It refers its members to Progressive, one of the best companies for motorcycle insurance.

Progressive offers a 5% discount to USAA members, making its coverage even more affordable. On average, a full-coverage Progressive policy costs $22 per month after the USAA discount.

In addition, USAA offers motorcycle loans and financing for up to 100% of the value of your new bike. That makes it a one-stop shop for people looking to buy a new motorcycle.

Besides motorcycles, USAA also sells insurance for ATVs, mopeds and scooters.