Cheapest Motorbike Insurance – Ultimate Guide

Cheapest Motorbike Insurance

There’s nothing like riding a motorcycle to get around town, whether you’re a road warrior seeking adventure or just looking for a fun way to get around town. It’s only a phone call away from helpful life insurance agents who can help you with your policy’s maintenance.

If you want to protect yourself, your passengers, and your investment, you’ll need insurance, just as you would with a car. And, just as you would shop around for the cheapest motorbike insurance quotes.

Why Do I Need Motorcycle Insurance?

You and your motorcycle don’t fit into any stereotypes. Neither should your motorcycle insurance coverage. Regrettably, many insurance firms do not appear to understand this. They frequently assemble a motorbike policy from an auto policy and sell it to as many people as possible.

Which Company Offers the Best and Cheapest Motorbike Insurance?

The best motorcycle insurance policy is determined by your unique requirements, such as the type of motorcycle you own and your riding patterns. Rates on average, we discovered that Nationwide offers the cheapest motorcycle insurance, while Markel is a great option for collectors because it covers more types of motorcycles than many other insurers. Geico’s payment plans will appeal to young riders, while veterans will appreciate USAA’s discounts and great customer service.

Motorcycle Insurance Coverage options

Motorcycle insurance coverage options are comparable to those available for auto insurance. Most insurers provide the following coverage in addition to liability and uninsured/underinsured motorist coverage:

  • Collision: It compensates you for damage to your motorcycle after deducting your deductible. A deductible is an amount deducted from a claim check that you choose when you buy your coverage.
  • Comprehensive: If your motorcycle is stolen or damaged due to something other than a collision with another vehicle, this policy will payout. Collisions between animals are covered. A deductible is required.
  • Medical payments (MedPay): Medical payments coverage, which is not offered in all states, compensates for medical expenditures if you and your passenger are harmed in an accident. Medical payments coverage, unlike personal injury protection, does not cover lost income or other expenses. No matter how cautious you are when driving or riding a motorcycle, there are risks involved. If you don’t have health insurance or don’t have enough, medical payments coverage can help.
  • Personal injury protection: In most cases, regardless of who is to blame, it pays for medical payments for injuries you, your passenger, or pedestrians sustain in an accident. (State-by-state regulations apply.) Although some insurers provide PIP coverage, some states may prohibit insurers from selling it to motorcycle riders due to their high accident rate.

Insurance companies usually provide add-on options, while some may include one or more in their regular coverage. Limits and deductibles apply to some of them.

  • Trip interruption coverage: If your bike is disabled in a collision coverage that occurs more than 100 miles from home, your coverage will pay for housing, transportation, and food.
  • Coverage for custom parts, equipment, and accessories: In most jurisdictions, comprehensive and collision insurance offers some unique parts and accessories coverage – often up to $3,000, though the amount can vary. For many riders, though, part of the appeal of owning a motorcycle is the ability to customize it. Additional accessory coverage, usually up to $30,000, can be purchased if the chrome components, saddlebags, and personal touches you add to your bike are worth more.
  • Transport trailer coverage: Many insurance providers cover trailers with a value of up to $7,500.
  • Roadside assistance: Towing and labor at the location of your bike’s breakdown are included.

What Is the Reason for the High Cost of Motorcycle Insurance?

Who you are, where you live, and what type of motorcycle you have are the three key elements that impact how much motorcycle insurance costs. Riders who are younger, less experienced, or who have just been in a crash pay more than those who have years of accident-free riding experience. You’ll likely spend more if you live in a region where motorcycle theft is common. A strong sports bikes also costs more to insure than a cruiser with less power.

Insurance For Destroyed or Stolen Bikes

One of the most crucial aspects of your motorcycle policy to comprehend is how it pays out if your bike is stolen or wrecked. Settlements are divided into three categories. These are the following:

  • Actual cash value: This option pays out the actual value of your bike, less depreciation, and your deductible.
  • Amount stated: Pays the amount you specified when you purchased the coverage.
  • Agreed value Pays the agreed-upon sum between you and the insurance provider when you purchased the policy. A deductible is not deducted from a claim payment, therefore the total remains the same. Owners of unique or historic motorcycles are typically granted coverage based on an agreed value or a specified sum.

What Kind of Cover Are You Looking For?

The cost of your insurance will vary depending on the type of cover you choose for your motorcycle. Depending on your unique circumstances and budget, you have complete control over which sort of insurance level of coverage you choose.


Comprehensive insurance policies cover everything, from damage to other people’s property or vehicles to damage to your own vehicle or property as a result of an accident, theft, or fire. Fully comp insurance and what they cover differ widely between insurers, so make sure you know exactly what’s covered before you buy.

Third-party fire and theft only (TPFT)

Damage to your motorcycle is not covered by third-party fire and theft insurance, but it does cover damage to other people’s property or vehicles. In the event of a fire or theft, your motorcycle will also be protected. If you are involved in an accident that is not your fault, you may be able to make a claim via the insurance of the other party.

Third-party only (TPO)

This is the bare minimum level of cover for motorcycles in the United Kingdom. Third-party only insurance only covers damage to other people’s property/vehicles; you/your vehicle will not be covered in the event of an accident or incident unless you’re in an accident that wasn’t your fault, in which case you may be able to make a claim through the other person’s insurance.

Motorbike Insurance Coverage Explained

What’s the difference between motorbike mods and accessories?

If you’ve altered your bike, make sure to declare any accessories you’ve added to it that don’t affect performance, like panniers, Scott oilers, windscreens, and an extra seat.

Modifications include different exhaust systems, including end cans, uprated rear shocks, rear sets changed, power commander, steering damper, and other components that have been replaced or modifications include alternative exhaust systems, including end cans, uprated rear shocks, rear sets modified, power commander, steering damper, and so on, all of which are tweaked for a better ride, faster turning, or straight-line speed.

Important note: Be cautious of ASSUMED QUESTIONS when inputting details for a bike insurance quote; most will default to saying there are no alterations.

What Is The Agreed Value on Bike Insurance?

Insurers may struggle to match the value in their evaluation to the value you place on your bike if it is considered unique, beloved, one-of-a-kind, vintage yet immaculate. In this instance, some insurers would offer a policy that allows for a valuation agreement by asking for a declaration, images, and any supporting evidence.

If accepted, the Insurer will satisfy claims on this agreed value rather than market value if there is a claim (which may be a lot less than you value the bike at).

What Does Motorcycle Insurance Cover?

A regular motorbike insurance policy will cover a percentage of the costs of repairing your motorcycle. It will also compensate you if you hurt another person or their property, or if you have legal bills to pay as a result of an accident.

Your motorbike liability insurance, often known as “bodily injury and property damage liability,” covers the expense of liability claims and legal fees, up to the limits of your policy, if you are at fault in an accident.

You can include the following items in your policy:

  • In the event that your bike is totaled, you will be reimbursed the full cost of its replacement.
  • Comprehensive coverage pays for losses or damage caused by events other than a collision. This includes damage from hail and other forms of weather, animal damage, and, most critically, motorcycle theft.
  • In the event that you require hospitalization or medical care, you will be reimbursed.
  • Uninsured/underinsured motorist coverage protects you if another driver causes an accident and does not have enough insurance to cover your expenses.
  • Equipment and modifications, such as transport trailers, sidecars, bespoke exhaust systems, and safety gear like chaps and helmets, may be damaged or lost

When deciding what your motorcycle insurance should cover, strike a balance between protecting yourself against the hazards you face and the amount of coverage you can afford. The good news is that if you ride safely and have a clean driving record, you can save money on your motorbike insurance.

How Much Motorcycle Insurance Do I Need?

The amount of motorcycle insurance you require is determined by the type of bike you buy and how you intend to use it. If you ride a fast bike, such as a race bike or a supersport motorcycle, your insurance will be more expensive.

You should also consider increasing your motorcycle liability insurance as well as your hospital and medical care coverage.

Any motorcycle with a high horsepower-to-weight ratio is built for speed and maneuverability, which means riders will ride faster and weave between automobiles. These riders are at a higher risk of significant injuries, as well as potentially causing damage to others.

You may want to consider boosting your coverage if you plan on racing dirt bikes for pleasure. Close-quarters racing on crowded courses can put you at danger of injury, bike damage, and an increased risk of injuring a competitor or destroying someone else’s equipment.

California Motorcycle Insurance Requirements

Motorcycle riders in California are required to carry $15,000 in bodily injury coverage per person and $30,000 per accident, as well as $5,000 in property damage coverage.These restrictions apply to private passenger automobiles traveling on public roads, with limited exceptions.

Beginning in 2016, modifications in California legislation created three distinct classes of electric bicycles, however these vehicles are not required to be registered in the state. They don’t require a driver’s license, and they don’t demand proof of financial responsibility.

Getting an online motorcycle insurance quote

The majority of major motorbike insurance companies allow customers to compare quotations online. Online motorcycle insurance quotes are a convenient way to compare rates from a variety of insurers because the procedure is quick and there is no need to purchase a policy. Your insurance agent or firm may go over the facts with you.

Prepare to submit the following information while gathering quotes online:

  • The VIN (vehicle identification number) of your motorcycle (or its exact make, model and model year)
  • The amount of miles you ride each year
  • The length of time you’ve held a motorcycle license.
  • If you’ve taken an accident prevention course, the date you finished it.
  • If you’re presently insured, your existing motorcycle insurer and policy limits
  • Any traffic violations or accidents you’ve been involved in, including the dates and facts.

Tips For The Cost-Conscious Rider

Maintaining a clean driving record, similar to vehicle insurance, will help you save money on your premiums. Furthermore, some insurance companies provide driver discounts and other ways to save money on your motorcycle policy. The following is a sample of what’s available, which may vary by state and insurer:

  • Graduates of seminars like the Motorcycle Safety Foundation’s (MSF) rider course are eligible for discounts on training courses. This is especially beneficial for riders under the age of 25, who are generally thought to be at a higher risk. It’s also a good idea for motorcyclists who have been in accidents previously.
  • Riders who insure more than one motorcycle may qualify for multi-bike discounts. You may be eligible for a multi-policy discount if you get your policy from your auto or house insurer.
  • If you belong to a motorcycle club or another organization, you may be eligible for discounts.

What Factors Affect Motorcycle Insurance Rates?

When determining your motorcycle insurance premiums, insurance companies consider a number of factors, including your age, riding history, and motorcycle type and model.

When it comes to determining rates, each insurer analyzes things differently, so the cheapest motorcycle insurance provider for one rider might not be the lowest for another. Your coverage will likely be more expensive if you were recently at fault in an accident or if you’re insuring a bike with a higher crash rate, as insurers will charge more for riders who they judge to be at higher risk.

Those with traffic offenses on their records should compare estimates from several insurers, since premiums for these riders can vary significantly. While most providers increased rates for riders with just one speeding violation, Progressive and Nationwide hiked premiums by more than 30% in the example below.

Affordable Motorcycle Insurance Options

We provide a variety of motorbike insurance coverages to allow you to personalize your policy with the protection you need at a price you can afford. Here are a few examples of what you could do:Standard coverages

  • Bodily injury liability coverage
  • Collision
  • Comprehensive

Specialty coverages

  • The cost of replacement
  • Assist on the road

Type of Motorcycle Insurance


Progressive has fantastic motorcycle insurance packages, whether you’re searching for basic coverage or a policy with a lot of add-ons. Furthermore, Progressive insures a wide range of motorcycles, so you won’t have to shop around for coverage if you have a one-of-a-kind motorcycle. Progressive is also known for its outstanding customer service.

Progressive has a vast variety of discounts that are simple to obtain. For example, even if your home isn’t insured with Progressive, you’re immediately eligible for a discount if you own one. Overall, it will be difficult to find another motorcycle insurance company that provides as many features and benefits as Progressive.


Nationwide’s annual coverage cost $593, which is $128 less than the national average cost of $721.

There are a few additional methods to save money on a Nationwide motorcycle insurance policy. A multi-vehicle discount may be available if you combine your motorcycle insurance with your car or house insurance policy, or if you insure more than one bike.

Nationwide’s cheap motorcycle insurance is not only affordable, but it also provides excellent coverage. Custom equipment or original equipment manufacturer (OEM) parts coverage, as well as roadside assistance, are all available as options on nationwide policies.


Motorcycle insurance prices are normally higher for first-time riders, however Geico routinely offers cheap price for riders aged 18 to 21. Geico’s average annual policy costs $610, which is $111 less than the national average, and it can be considerably less in specific states. Our cheapest insurer, Nationwide, charges only $17 more per year than Geico.

There are further discounts available for experienced rider, safety, and even simply switching your motorbike insurance to GEICO. ATV and scooter insurance are also available. Download the GEICO Mobile app to make your motorbike insurance even more convenient.

Young riders can also pay their premiums in installments rather than paying it all at once, thanks to Geico Insurance Agency. Although each installment has a modest fee, this option helps to make motorcycle insurance more affordable by giving riders who don’t have the finances to pay the annual sum in full to break premiums into manageable instalments.


Dairyland’s flexible payment plans may appeal to infrequent riders or customers who want greater freedom to adjust their coverage limitations, despite the fact that it is more expensive than other motorbike insurance firms.

If you’re a more serious rider, Dairyland offers replacement cost coverage, special components protection, and total loss coverage for some motorcycles.


Because it can cover more types of motorcycles than other insurers, Markel is our favourite motorcycle insurance carrier. It also offers substantial reductions to individuals who insure multiple bicycles.

Although you can seek prices online, you will need to contact with an agent over the phone if you want a quote for a bespoke motorcycle.


Motorcycles vary from cars in that they are frequently stored for months at a time before being used. Motorcycle owners should meet with an insurance provider to discuss how much they ride, where and for how long they plan to store it (if at all), and how frequently they plan to ride. All of information aids in deciding the quantity of coverage, premium levels, and subsequent deductibles that best suit the rider’s needs.

Motorcycle insurance for your individual needs can be found with a little effort. An informed rider is a safer rider – after you’ve got the bike properly secured, you’ll be able to focus on the road and enjoy the ride!