Best Cheap Full Coverage Motorcycle Insurance

Contributor, Benzinga

Want to jump straight to the answer? Most people prefer to insure their bike or motorcycle with Harley-Davidson Insurance Services.

If you drive a motorcycle, you want to make sure you stay safe because accidents can happen at any time. You also want to protect your motorcycle in the event it is damaged and needs repairs or to be replaced. Full coverage motorcycle insurance will cover the cost of damages to your or if it is stolen. It is important to note that full-coverage policies are not cheap — they are usually more expensive than those that include only the state-required liability coverages.

What is Full Coverage Motorcycle Insurance?

Full-coverage motorcycle insurance has no definitive definition. However, it generally means a policy that includes collision and comprehensive coverage. Liability insurance is also a factor taken into consideration. This means getting more coverage than what is required by your state. The best way to ensure you are protected to the fullest extent is to learn more about motorcycle insurance and coverage options given your personal and financial circumstances.

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1 Minute Review

Dairyland is an auto and motorcycle insurance provider offering policies throughout the United States. Although the company isn’t available in every state, it’s an affordable choice for anyone who lives within its service area. In our review, Dairyland offers among the most affordable quotes for a 1-year policy. The company also maintains a high number of positive reviews on sites like Trustpilot and its generous discounts can lower your premiums even further.

Best For
  • Riders looking for the most affordable motorcycle insurance available
  • Riders looking for a wide range of coverage options
Pros
  • Exceptionally affordable insurance options; very low quote for a 1-year policy
  • Wide range of policies and add-on protections available
  • Easy, guided claims process assisted by a representative
  • Simple mobile app that allows you to track your claims and benefits
  • High number of positive customer reviews
Cons
  • Not currently available in all states
  • Fewer discounts available than some competitors
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Get Quote Online
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1 Minute Review

Progressive is the top provider of motorcycle insurance in the nation. It’s the preferred choice of over 30% of riders and offers flexible policies that can be tailored to fit your needs. 

Whether you have a custom, touring, dirt bike, ATV or some other bike, you can get the coverage you need at a price you can afford. 

This in-depth review takes a closer look at Progressive’s motorcycle insurance. 

Best For
  • Coverage for vandalism, theft, collisions and more
  • Supplemental coverages
Pros
  • Customizable policies
  • Affordable premiums
  • Extensive standard coverages
  • Discounts to help you save
Cons
  • Refunds can be denied for canceled policies
  • Delayed repairs during the claims process
Best For
Comprehensive coverage/Business Owners’ Policy
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1 Minute Review

If you own a Harley-Davidson motorcycle, you may want to protect your vehicle with a unique policy from Harley-Davidson Insurance. Harley-Davidson Insurance offers policies for nearly every type of motorcycle, and you can even claim a policy that provides enhanced protections for any upgrades you’ve made to the vehicle. If your motorcycle is your primary form of transportation, you’ll love Harley-Davidson Insurance’s rental replacement coverage option.

However, these unique policies come at a price — in our review, policies from Harley-Davidson Insurance were significantly more expensive than most competitors. The cost of your policy might be offset by Harley-Davidson’s generous list of discounts, available for everything from brand loyalty to experience on the road.

Best For
  • Riders with custom bikes that need extra protection
  • Riders who use their motorcycle as their primary form of transportation
  • Riders who want additional coverages beyond state-minimum requirements
Pros
  • Wide range of coverages available
  • Generous number of discounts; special discounts unique to Harley-Davidson owners
Cons
  • More expensive than competitors
  • Cannot bundle together auto and motorcycle insurance

Which Factors Affect Motorcycle Insurance Premiums?

Motorcycle premiums are tailored to you and your situation. Here are some of the factors insurance companies consider. 

  • Type of motorcycle
  • Your riding experience
  • Your location
  • How often you ride
  • Your driving record
  • Your claims history
  • The coverage you choose
  • Whether you’re buying motorcycle insurance from your auto insurance company

Types of Motorcycle Coverage

The most distinct feature of full-coverage motorcycle policies is the fact that they include collision and comprehensive insurance. State-mandated coverages for riders also are included and range from:

  • Bodily injury liability
  • Property damage liability
  • Uninsured motorist coverage
  • Personal injury protection

Collision and Comprehensive Coverage

Under collision and comprehensive coverage, the costs to repair or replace your motorcycle in the event of a covered loss are paid by 1st-party coverage. Collison pays for damages that result from accidents involving another vehicle or object. Hit and runs fall under this type of coverage, too. On the other hand, comprehensive coverage protects against theft and what are classified as extraordinary incidents like floods, fires, hail and falling objects. 

Any type of accident out of your control falls under the comprehensive coverage option. Look for comprehensive coverage if you are more of a seasonal rider, meaning you only ride during a certain point of time during the year. Comprehensive protection helps riders who store their bikes during the off-season because that accounts for a significant amount of time. If anything were to happen to your bike while in storage, comprehensive coverage will not penalize you but rather step in to help.

Bodily Injury Liability Coverage

If you are in an accident with another party, this type of protection will cover medical care for the others involved but only if you are found to be at fault. Death benefits are also provided if necessary. Your own medical bills are not covered under bodily injury liability.

Property Damage Liability

Any damages that incur to a property as a result of an accident that you are found to be at fault are covered under this policy. Any other cars, motorcycles, homes, and structures like fences, walls, etc. fall under this protection plan.

Uninsured/Underinsured Motorist Coverage

If you are in an accident with someone who doesn’t have insurance or who doesn’t have enough insurance coverage, an uninsured/underinsured plan will protect you.

Personal Injury Protection

This plan helps with medical bills for you and your passengers. Lost wages, childcare and other expenses related to the accident are covered under a personal injury protection policy.

As you compare motorcycle insurance options, you want to make sure you are thinking ahead and about the big picture with all the little details. You want to meet your state’s minimum requirements for liability coverage, and you want to protect investments like custom parts or expensive riding gear. Unfortunately, not all companies are willing to cover the finer or smaller details.

There are plenty of providers for you to select from, but it may seem like a daunting task. To make it easier for you, Benzinga we found the best options in terms of coverage, discounts, customer satisfaction and other benefits. Based on well-researched findings, the top 6 insurance providers are listed below.

Best Full Coverage Motorcycle Insurance Providers

Take a look at some of our more in-depth reviews for some of the best known motorcycle insurance providers.

Best Overall: Markel Insurance Co.

Markel Insurance Co. has more than 45 years of experience and a wide range of options that make it the best overall choice for motorcycle insurance or car insurance.

With an expansive list of discount offerings and accident forgiveness, Markel allows customizable policies for purchase so you can protect your bike and all its accessories. Discount offerings have saved insured drivers as much as 35% of their typical premium cost.

Customer satisfaction rates are among the top, with Markel receiving very few complaints over the past couple of years. The company has consistently fewer complaints when compared to other agencies.

Best For
Bundling regular car insurance with specialty policies
Pros
  • Online claim filing
  • Dedicated agents
  • Useful mobile app
  • AM Best Rating: A
Cons
  • Average customer service ratings
  • Can’t sign up for a policy online

Best for Cheap Motorcycle Insurance: Safeco Insurance

With dozens of discount options, Safeco Insurance offers customers more ways to save than any competitor. Many free features that competitors often charge for are included.

Safeco offers 24/7 roadside assistance and claims filing, numerous discount options and even coverage for custom and original equipment manufacturer (OEM) parts. Safeco is a safe bet for cheap motorcycle coverage.

Best for New Riders: Harley-Davidson Insurance

As one of the top motorcycle makers in the world, who else would provide the best insurance for new riders than Harley-Davidson. Harley-Davidson Insurance offers extensive coverage options for all motorcycle brands, includes maintenance and warranties and an excellent accident forgiveness policy. The type or brand of motorcycle doesn’t matter when it comes to Harley-Davidson Insurance for new riders, which makes it a solid choice for anyone new to motorcycle riding.

Mobile App
Yes
Get Quote Online
Yes
Pros
  • Exceptionally affordable insurance options; very low quote for a 1-year policy
  • Wide range of policies and add-on protections available
  • Easy, guided claims process assisted by a representative
  • Simple mobile app that allows you to track your claims and benefits
  • High number of positive customer reviews
Cons
  • Not currently available in all states
  • Fewer discounts available than some competitors

Best for High-Risk Drivers: Dairyland

What makes Dairyland the best for high-risk coverage is the fact that many companies offer motorcycle insurance, but very few are actually willing to take on high-risk drivers.

Drivers with a less-than-ideal driving history can still obtain coverage through Dairyland. Its policies include coverage and SR-22 documentation for high-risk drivers, replacement cost coverage for bikes up to 3 years old and 24/7 roadside assistance and claims processing.

Dairyland offers reassurance and relief for those who are looking for a 2nd chance.  

Pros
  • Wide range of policy options
  • Availability throughout the U.S.
  • Easy-to-use mobile app with advanced features
  • Affordable policies
  • Free roadside assistance included on all policies
Cons
  • Only available to servicemembers, veterans and family members of those who have served
  • Can’t claim a free quote online unless you qualify for USAA benefits

Best for Military Members: USAA

USAA is best suited for military members because of the wide array of insurance and investment products it offers.

As an industry leader in customer service, USAA continues to receive high ratings from services like the Better Business Bureau and J.D Power because of its 24/7 claim filing and customer service, competitive rates and numerous discounts. If you are a current or former military member, look no further than USAA for your motorcycle insurance.

How to Compare Full Coverage Motorcycle Insurance Plans

When comparing the full coverage motorcycle insurance, you want to be wary of the price you will pay in premiums. It is important to review quotes from multiple carriers. Take into consideration what you are likely to pay, your risk factors and the state’s motorcycle requirements. Do your research and find out what type of policy you will need, and be sure to ask about discount and lay-up policies. In an effort to attract new drivers, some companies will offer steep discounts if you pay 6 months to a year in advance.

How to Buy Full Coverage Motorcycle Insurance

The process to buy the full coverage motorcycle insurance involves detailed research and an understanding of the terminology. Keep your ears and eyes open, and be sure to read up on motorcycle insurance companies like the ones mentioned above. The driving force in selecting the best coverage for you and your motorcycle depends on what you’re looking for. If you have concerns or questions you are struggling with, don’t hesitate to reach out to an insurance agency. A representative will answer all your questions.

Next Steps 

It doesn’t matter whether you need the full coverage motorcycle insurance — it depends on several factors. If you have a high-value bike or you ride often, you should consider full coverage. If you feel more confident in your riding abilities or are budget conscious you may prefer less coverage, which is fine — just know the level of risks you are willing to take may increase when it comes to your bike.

Get a free motorcycle insurance quote and get on the road today.

Frequently Asked Questions

Q

What types of motorcycles are insured?

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What types of motorcycles are insured?
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A
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As a general rule, most states require all types of motorcycles to be insured, including trikes. Other forms like mopeds, scooters and all-terrain vehicles (ATVs) may not necessarily need to be insured, but you have to check on the laws in your state. If you have further questions or concerns be sure to contact your state’s department of motor vehicles for more information.

 

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Q

At what age does motorcycle insurance start to drop in cost?

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At what age does motorcycle insurance start to drop in cost?
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Overall, insurance rates drop at age 25. However, that assumes you have been driving and/or riding for a while. If you start riding your motorcycle at age 25, you will end up paying more than a 25-year-old with 5 years of riding experience.

 

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Related content: HARLEY-DAVIDSON MOTORCYCLE INSURANCE REVIEW

Money-saving Motorcycle Insurance

Harley-Davidson Insurance Services provides services as a trusted motorcycle insurance agency that knows all about the motorcycle lifestyle. The company stands behind its policies with industry-leading services, coverage and support. You’ll also get money-saving motorcycle insurance discounts and experienced customer service and claims support. 

You can get Harley-Davidson Insurance today with a free, quick quote.