How to Save on Car and Motorcycle Insurance by Bundling

Bundling car and motorcycle insurance policies not only simplifies your payments but can also save you hundreds of dollars a year in premiums. In fact, combining insurance could mean a discount of 5% or more.

Choosing the best auto and motorcycle bundle will depend on the type of coverage you want. For instance, some companies only offer specialized motorcycle coverages, such as layup insurance.

Best car and motorcycle insurance bundles

Bundles will differ by driving history, location, age and chosen coverage. While price is important, you'll also want to consider whether an insurance company offers services that interest you, such as layup insurance, roadside assistance or custom parts coverage. Compare several quotes for auto and bike insurance bundles to find the coverage you want at the lowest rates.

Best auto and motorcycle insurance bundle discount: Allstate

Allstate offers the best bundling discount: 7–25% off motorcycle insurance for combining policies — or more if you switch your motorcycle insurance from a competitor. Allstate also includes seasonal considerations in their year-round pricing. So, for example, if you live in a place where you can't ride in winter, they'll take that into account.

Best rates for auto and motorcycle insurance: Geico

Across both car and bike insurance, Geico consistently offers some of the lowest rates. They also give riders a 5% discount on their motorcycle insurance for bundling it with a car insurance policy. Geico also offers a 10% discount for switching motorcycle insurance companies and 10% for being an older rider.

Best bundling for daily riders: Progressive

Progressive is the top option for daily motorcycle riders and also offers a range of car coverages. It does not, however, offer set discounts for bundling auto and motorcycle insurance. Instead, it offers multipolicy discounts, which vary by profile and coverage.

The company also offers some excellent motorcycle coverages at no additional charge, such as full replacement cost. That means your bike will be restored to preaccident condition, with no loss of value for depreciation.

Best bundles for experienced riders: Liberty Mutual

Liberty Mutual offers "customized insurance" for motorcycles, and quotes have to be done over the phone. Bundling will save you money, but the company did not specify the range.

One feature Liberty Mutual offers is an experienced rider discount, which lowers your premium if you've had your license for more than three years.

Best discounts for safe bikes: Nationwide

Nationwide discounts motorcycle insurance if it's bundled with an auto policy, but that discount will not apply to the car insurance. The company offers several other discount options, including lower premiums for bikes with theft recovery devices and antilock brakes.

Be aware that Nationwide tends to have higher rates. The company ranked 10th out of 12 large companies in an analysis of the cheapest car insurance companies.

Should you bundle your car and motorcycle insurance?

If bundling your car and motorcycle insurance can save you money on your monthly premiums, then you should definitely consider it. However, you should not sacrifice coverage for the sake of price. For example, if your policy provides specialized coverage — such as Markel's for motorcycle trailers — don't switch companies if you can afford to keep your coverage.

Another advantage to bundling car and motorcycle insurance is convenience. You'll pay only one bill for both policies, plus all of your insurance information can be reviewed in the same place.

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How to bundle car and motorcycle insurance

As you consider bundling policies, make sure to do the following first:

Step 1: Assess your car and motorcycle insurance needs

Determining how much coverage you need will depend on your driving and riding habits, where you live, the type of bike and car you own, and other factors.

This policy puts most of your coverage on hold for a period of time, but you still maintain comprehensive coverage. Layup coverage can help riders save on insurance during winter, when riding may be dangerous or impossible. Some motorcycle coverage also factors in reduced usage because of weather.

Beyond that, check for any unusual coverages companies offer, for either your bike or your car. This can start with your current insurance companies.

Step 2: Gather your information and collect quotes

You might be tempted to simply bundle with your current insurance company and take whatever discounts are offered. To get the best rates, however, you should at least look at multiple options.

Collect pertinent information on both your car and motorcycle to get started, then get quotes online or over the phone. Some companies require you to go through an agent.

Step 3: Compare quotes and evaluate features

Price will always be a key consideration once you have quotes — after all, that's probably why you're bundling in the first place. But it's also important to take into account features that might be helpful to you, such as coverage for some of your equipment or your helmet. Some companies offer coverage for custom equipment as well.

Once you've settled on price and optional coverages, you can purchase your bundle.