Cheap Motorcycle Insurance (2022)

Cheap Motorcycle Insurance (2022)

You can find cheap motorcycle insurance by comparing rates and checking for discounts.

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Compare Cheap Motorcycle Insurance in Your Area

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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. We found that Nationwide tends to have the most affordable motorcycle insurance.

Along with an insurer's affordability, we also checked which companies offered the most discounts to lower rates. Below, we call out the top cheap motorcycle insurance companies in the country and highlight the perks that each insurer offers.

Cheapest motorcycle insurance: Nationwide

Nationwide offers the best rates for motorcycle insurance.
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What you get:

  • Cheapest rates, on average
  • Vanishing deductible
  • A range of coverage limits

Read the full review.

Nationwide has the cheapest motorcycle insurance of any company we surveyed. On average, the price of a policy with Nationwide is only $593 per year — that's $128 less than the national average cost of $721.

There are a few ways you can reduce the cost of a Nationwide motorcycle insurance policy even further. 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 multi-vehicle discount. Additionally, Nationwide offers a vanishing deductible. For every accident-free year, your deductible is reduced by $100.

While Nationwide consistently offers cheap motorcycle insurance, policyholders also receive great coverage. Nationwide policies are customizable and can include custom equipment or original equipment manufacturer (OEM) parts coverage along with roadside assistance.

Cheapest full-coverage motorcycle insurance: Progressive

Progressive's long list of discounts could help you get a bargain.
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What you get:

  • Cheap prices throughout the country
  • Many ways to save on a policy
  • Great coverage add-ons

Read the full review.

Progressive provides the cheapest full-coverage motorcycle insurance. Policies from Progressive typically cost $625 per year, come with a number of features and can be customized.

Progressive policyholders may be able to score a bargain on motorcycle insurance through the company's many discounts, and some are very easy to take advantage of. For example, you can sign up for electronic payments, prove you have a motorcycle license and pay on time.

The coverage included in the price of a standard Progressive policy is unrivaled. Riders automatically receive replacement cost coverage, original equipment manufacturer (OEM) parts coverage and $3,000 of custom parts protection when they have comprehensive and collision coverage.

Cheapest motorcycle insurance for young riders: Geico

Geico offers cheap motorcycle insurance and payment plans for budget-conscious young riders.
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What you get:

  • Great prices for young riders
  • Payment plans
  • Convenient mobile app

Read the full review.

First-time motorcycle riders typically pay higher premiums, but Geico consistently offers affordable rates for riders 18 to 21 years old. The average Geico policy is $610 a year, about $111 less than the national average, and in some states, it can be even cheaper. Geico's average is only $17 more per year than our cheapest insurer, Nationwide.

Geico also gives young riders the ability to pay their premium in installments instead of all at once. Although there is a small fee for each installment, this option helps make motorcycle insurance more affordable by giving riders who don't have the funds to pay the annual balance in full the option to split premiums into manageable payments.

You can see how Geico's rates differ from other top insurers for 18-, 20- and 21-year-old riders below.

Driver age
Geico's cost
Difference from average
18-year-old$1,568-52%
20-year-old$1,568-43%
21-year-old$1,199-44%
Overall$610-15%

Rates calculated with rider profiles in Austin, Texas.

Cheapest insurance for bundling motorcycle and auto policies: Allstate

Allstate offers the largest discount we found for bundling car and motorcycle insurance.
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What you get:

  • Lots of robust discounts
  • Full replacement coverage
  • High customer satisfaction rating
Read the full review. ​

We found Allstate offers the largest bundling discount for auto and motorcycle: 10% off of your car insurance when combining policies.

Allstate is also known for its outstanding customer service. The company has a 0.63 rating in the National Association of Insurance Commissioners (NAIC) complaint index, which measures the number of complaints an insurer receives in comparison to its share of the overall market. The national complaint index average is 1.00, which means that a company with a complaint index of 0.63 has about one-third fewer complaints than its average competitor. Riders who value a relationship with an insurance agent can also receive in-person assistance from local Allstate representatives.

Allstate offers a number of additional discounts, and riders can lower their rates even further with:

  • Motorcycle 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 60 months without an at-fault accident or major traffic violation
  • 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

Which companies have the cheapest motorcycle insurance?

Riders looking for cheap motorcycle insurance should start by comparing Nationwide's quotes with quotes from other providers. Usually, Nationwide's policies are cheaper than the average costs of its competitors. Geico and Progressive are also often among the cheapest companies.

Nationwide's low rates are the cheapest in the country, while Dairyland tends to offer more expensive policies to most riders.

A bar graph showing the cost of cheap motorcycle insurance
A bar graph showing the cost of cheap motorcycle insurance

Compare Cheap Motorcycle Insurance in Your Area

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No spam. No hassle. No hidden costs.

We compared the average cost of motorcycle insurance in the 15 states that have the most registered motorcycles according to the Federal Highway Administration. Progressive has the cheapest rates in eight of these states, with premiums that are, on average, 27% cheaper than the state's average annual cost.

State
Cheapest provider
Difference from statewide average
CaliforniaGeico-57%
FloridaProgressive-33%
OhioGeico-48%
New YorkNationwide-25%
PennsylvaniaProgressive-35%
TexasProgressive-23%
MontanaProgressive-22%
IllinoisNationwide-38%
WisconsinProgressive-30%
MichiganProgressive-26%
IndianaNationwide-23%
MinnesotaGeico-27%
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How to get affordable motorcycle insurance

Comparing quotes, searching for discounts and adjusting your deductibles could help you find cheap motorcycle insurance.

If you're having trouble finding cheap motorcycle insurance, you may still be able to find a bargain. We recommend comparing the costs of motorcycle insurance from as many companies as you can before settling on an insurer, as the difference between the cheapest and most expensive insurer could be hundreds of dollars per year.

Once you get a sense of the prices in your area, review each insurer's discounts. These will vary by company. For smaller providers, the discounts could even differ based on your local office's guidelines. In most places, it's common for discounts to be available for:

  • Renewing coverage with a company
  • Transferring from another provider
  • 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 endorsements. We found that raising a deductible from $250 to $500 on a Progressive motorcycle insurance policy reduced the overall cost of the policy by more than $100 per year.

Methodology

We collected thousands of quotes from six major insurance companies across the country to determine the lowest rates. To choose the best insurance provider in each category, we analyzed 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 sample male rider in Austin, Texas. The coverage limits we requested in our quotes included:

  • 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 calculate the change in premium when raising your deductible, we collected rates based on a 35-year-old man in Austin, Texas. Data on the number of motorcycles registered by state came from the Federal Highway Administration.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.