The Best Motorcycle Insurance Companies
The best motorcycle insurance companies should strike that perfect balance between strong financial ratings, diverse coverage options, and plenty of discounts. Of course, your premium ultimately depends on you, your motorcycle, and your riding habits. That’s why you’ll need to compare quotes from multiple motorcycle insurance companies to find your best price. We’ve compared just over 30 national insurance providers to find the best ones; you can find our top picks below, or use our quote tool to get started.
Why Trust This Review?
The 4 Best Motorcycle Insurance Companies
- Markel American - Best Range of Coverage
- Progressive - Best for Specialty and Vintage Bikes
- Nationwide - Best for High Coverage Limits
- Safeco - Best for Impressive Discounts
The Best Motorcycle Insurance Companies: Summed Up
Best Range of Coverage: Markel American
Pros
Widest range of coverage
Mechanical breakdown coverage
Rental reimbursement
Cheapest premiums in our price comparison
Widest range of coverage
Mechanical breakdown coverage
Rental reimbursement
Cheapest premiums in our price comparison
Cons
Fewer discounts
Limited customer tools
Fewer discounts
Limited customer tools
Why we chose it
Widest range of coverage
Markel claims to specialize in motorcycle insurance, and that dedication truly shows through in its policy options. It touches all the important bases, of course, including liability, un/underinsured motorist, collision, comprehensive, and medpay. Beyond that, it also has some standout selections that really cater to the everyday rider. Most notably, mechanical breakdown coverage and rental reimbursement could be a huge help to frequent riders and aren’t offered by any of our other top picks. If your bike is your main (or only) form of transportation, Markel is likely your best bet for comprehensive, reliable insurance.
Mechanical breakdown coverage
Markel is the only provider we’ve seen that offers mechanical breakdown coverage, a useful addition that can help replace or repair the electronic components on your bike. Adding this protection will cost you a small additional fee, of course. However, it may reduce your out-of-pocket expenses by a large proportion should part of your bike break down or give out from normal wear and tear.
Rental reimbursement
Markel is also our only finalist that will cover the cost of a rental car while your bike is under repairs. This is especially important for people who use their motorcycle as a means of daily transportation. Should your bike be in the shop for an extended period of time, those rental costs can take a heavy toll on your wallet. If you don’t have a second vehicle, Markel’s rental coverage will be a big help until you get your motorcycle back.
Cheapest premiums in our price comparison
When we reviewed the best cheap motorcycle insurance companies, we did an apples-to-apples quote comparison for a variety of profiles: an older driver versus a younger one, a sportbike versus a cruiser, a clean driving record versus one with a few infractions. Markel came back with some of the cheapest premiums in almost every scenario.
Even so, any discussion of price should be taken with a grain of salt. Premiums depend on you, your bike, and your driving record. Cost also varies by company — you’ll have to request multiple quotes to find your best price. That said, Markel is a safe bet for anyone looking for great affordable motorcycle insurance.
Points to consider
Fewer discounts
Markel has a shorter list of discounts than some of our other top picks. Most notably, it won’t lower your premium for belonging to a motorcycle association, being a homeowner, or paying your premium in full at the start of your policy, options that most other companies provide.
Even without those discounts, our Markel quotes were relatively cheaper than those from the competition. But if yours looks a little high, you may have more luck with one of our top picks with more discounts.
Limited customer tools
As a smaller company, Markel lacks some of the convenient tools you’d find with a bigger provider like Progressive or Nationwide. For instance, it doesn’t offer an app for easy, real-time claim filing. You’ll have to call an agent directly or go through Markel’s website — which is much less streamlined and user-friendly than the sites of our other top picks.
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