Minnesota SR-22 Insurance: What Is It and How Much Does It Cost?
Minnesota does not require SR-22 insurance, but drivers with serious traffic violations may be required to file a certificate of insurance,... Read More
Motorcycle Insurance
The best motorcycle insurance protects you and your bike at an affordable price. You should always compare quotes from multiple companies to find the best coverage.
Find Cheap Motorcycle Insurance Quotes in Your Area
What does motorcycle insurance cover?
Understand how motorcycle insurance can protect you and your ride.
Collision coverage
Collision coverage pays for damage to your bike if you hit another vehicle or object.
Comprehensive coverage
Comprehensive coverage pays to fix or replace your bike after vandalism, theft or damage by an "act of God," like hail.
Bodily injury liability
Bodily injury protection pays for the medical bills of other drivers and passengers if you cause an accident.
Property damage liability
Property damage liability covers any damage you cause to someone else's vehicle or property.
Find motorcycle insurance companies near you
Find the best motorcycle insurance in your state.
Compare major motorcycle insurance companies
Frequently asked questions about motorcycle insurance
The average cost of motorcycle insurance is $33 per month, or $399 per year, for full coverage. Three main factors affect rates: where you live, the amount of coverage you need and your riding history.
The cheapest motorcycle insurance companies are typically Dairyland, Progressive and Harley-Davidson.
However, rates vary by state. So the cheapest company near you could differ from the best option nationally. That's why comparing quotes from multiple companies is important when shopping for motorcycle insurance.
No single motorcycle insurance company is best for every rider. Major companies like Progressive and Geico offer standard motorcycle insurance, with discounts for bundling your auto and homeowners insurance. On the other hand, specialty companies like Dairyland and Harley-Davidson provide more extensive coverage to dedicated riders.
The best way to find cheap motorcycle insurance is by comparing quotes from multiple companies. You should also look for discounts. Many companies offer savings for bundling your motorcycle and auto insurance, making automatic payments or taking a motorcycle safety course.
You can get the cheapest motorcycle insurance rates by buying the minimum coverage required in your state. Most states only require a small amount of liability coverage for bodily injury and property damage. However, you won't have any coverage for your bike if you cause a crash. This may not be the best choice if you can't afford to replace your bike after an accident.
Every state has its own laws, but it's generally harder to insure your bike if you don't have a valid motorcycle license or endorsement. Most insurance companies require your license info. Companies that don't may treat you as a riskier customer and charge you more for coverage.
Compare motorcycle insurance guides
With Extreme Weather on the Rise, Mother Nature Is a Homeowner’s Worst Enemy: 70% of Insurance Claim Filers Say It Was for Weather-Related Damages
Among those who’ve made weather-related insurance claims, 34% were reimbursed for more than... Read More
80% of Black Households With an Infant Say They’ve Been Affected by the Formula Shortage in 2022
Despite less media coverage in recent months, the formula shortage is still ongoing. Between Oct. 5 and 17 — the latest data at the time... Read More
What is a Business Line of Credit?
A business line of credit can be an excellent tool for a small business owner who's tired of dealing with cash flow issues. Here's how to... Read More
You Better Watch Out: Holiday Activities Land 30% of Celebrators on the Injured List
Nearly a quarter of injured holiday celebrators sought medical attention. But the risks don’t stop there. Here’s what to know this... Read More
Rate of Fatal Crashes Involving Drowsy Drivers Drops 23% Over 5 Years
In a separate ValuePenguin survey, 59% of Americans say they’ve driven drowsy. Fatigue (57%), sleepiness (56%) and a disrupted sleep... Read More
Medicare Savings Programs: Reduce Costs on Medicare
Medicare Savings Programs help lower the costs of Medicare plans and medical care for those who have low incomes. Eligibility requirements... Read More
74% of Americans Stressed About High Health Insurance Costs
The majority of Americans (70%) say they’ll stay on their current plan next year, while 23% say they’ll look to make changes or switch... Read More
Nearly 55% of Adult Smokers Tried to Quit — Here Are the States Where Residents Attempted This the Most, Least
16.1% of American adults 18 or older were current tobacco smokers in 2020, according to the latest CDC data. Here’s a look at where... Read More
Methodology
To find the average cost of motorcycle insurance and the cheapest companies, ValuePenguin collected quotes across all 50 states in the U.S. Rates are for a 45-year-old single man who owns a 2018 Honda CMX500 Rebel.
Quotes are for a full coverage policy, which includes higher liability limits than state requirements along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Uninsured and underinsured motorist property damage: $25,000 per accident
- Medical payments: $5,000
- Comprehensive and collision deductible: $500