Are you revving up to hit the open road on your trusty motorcycle? Before you do, make sure you’re protected with the right insurance coverage. With so many options out there, it can be overwhelming to choose the best one for you. That’s why we’ve done the legwork and narrowed it down to the top 5 motorcycle insurance companies in the United States for 2024. From Geico to Erie Insurance, we’ve got you covered with our expert picks based on cost, coverage, and reputation. So, buckle up and let’s get started!
Top 5 Motorcycle Insurance Companies in United States of America in June 2024
Before we explore the top 5 motorcycle insurance companies in the United States, let’s take a look at what sets them apart from the rest. Our team has carefully selected Geico, Progressive, State Farm, Dairyland, and Erie Insurance as the best motorcycle insurance companies based on cost, coverage, and reputation.
Geico: The Budget-Friendly Option
Budget-friendly motorcycle insurance is hard to come by, but Geico makes it possible. With some of the industry’s lowest rates and good coverage options, Geico motorcycle insurance receives lots of praise.
Geico’s Coverage Options and Discounts
Geico’s coverage options range from basic insurance requirements to protection for sidecars and jackets. Though some other providers offer a greater selection of additional coverage options, you can expect to find enough protection to suit even experienced riders’ needs through Geico.
Discounts are plentiful with Geico, including a switch from another company discount, multi-vehicle discount, mature rider discount, motorcycle insurance policy renewal discount, motorcycle safety course discount, and more. You’ll likely receive a competitive quote from Geico, making it an attractive option for budget-conscious riders.
Geico’s Customer Service and Claims Process
With Geico, you can expect a smooth claims process and decent customer service. While the company’s customer review scores are average to low, this is fairly common within the insurance industry.
It’s worth noting that Geico holds a sterling reputation across the industry, with an A- rating from the Better Business Bureau (BBB) and an A++ financial strength rating from AM Best. This highlights the company’s ability to reliably pay claims out to policyholders.
Progressive: The Tech-Savvy Insurer
Even among the top motorcycle insurance companies, Progressive stands out for its innovative approach to insurance. With a wide range of coverage options and discounts, Progressive has become the country’s most popular choice for motorcycle insurance.
Progressive’s Snapshot Program: A Game-Changer
Snapshots of your riding habits can lead to significant savings with Progressive’s Snapshot program. This innovative program uses telematics to track your riding behavior, rewarding safe riders with lower premiums.
Progressive’s Coverage Options and Discounts
TechSavvy riders will appreciate Progressive’s extensive coverage options, including bodily injury liability, property damage liability, collision, comprehensive, and personal injury protection, among others. You’ll also find a range of discounts, such as quote-in-advance, multi-policy, and motorcycle safety course discounts.
Options abound with Progressive, and you can customize your policy to fit your unique needs. Whether you’re a seasoned rider or just starting out, Progressive’s coverage options will give you peace of mind on the open road.
Progressive’s Customer Service and Claims Process
On the road, you want to know that your insurer has your back. Progressive’s customer service and claims process are designed to be efficient and hassle-free, with 24/7 support and a user-friendly online platform.
Progressives’ commitment to customer satisfaction is evident in its A+ financial strength rating from AM Best and A rating from the Better Business Bureau (BBB). While customer review scores may be average, Progressive’s reputation for reliability and fair claims processing sets it apart from the competition.
State Farm: The Classic Choice
Now, let’s talk about State Farm, a household name that has been around for nearly a century. As the largest insurance provider in the country, State Farm offers a unique blend of local touch and national reach, making it an attractive option for many motorcyclists.
State Farm’s Long History of Trustworthiness
Choice is a powerful thing, and when it comes to insurance, you want a provider that has a proven track record of reliability and trustworthiness. State Farm has been around since 1922, and its commitment to customer satisfaction has earned it an A+ rating from the Better Business Bureau (BBB) and an A++ financial strength rating from AM Best.
State Farm’s Coverage Options and Discounts
History has shown that State Farm is willing to adapt to the changing needs of its customers, and its motorcycle insurance coverage options are no exception. From bodily injury liability coverage to roadside assistance and towing, State Farm offers a range of coverage options that can be tailored to fit your specific needs.
Farms may not be the first thing that comes to mind when thinking about motorcycle insurance, but State Farm’s agricultural roots have instilled a sense of community and customer-centricity that translates well to its insurance offerings. With competitive rates and a range of discounts available, including multi-cycle and loyalty discounts, State Farm is definitely worth considering.
State Farm’s Customer Service and Claims Process
History has also shown that State Farm is committed to providing top-notch customer service, with a network of local agents spread across the country. This means that you can get personalized service and guidance from someone who knows your community and understands your unique needs.
State Farm’s claims process is also designed to be user-friendly and efficient, with a 24/7 claims hotline and online claims filing available. And with an A+ rating from the BBB and an A++ financial strength rating from AM Best, you can rest assured that State Farm has the financial stability to pay out claims when you need them most.
Dairyland: The Specialist for High-Risk Riders
Many motorcycle insurance companies shy away from high-risk riders, but not Dairyland. This insurer specializes in providing affordable coverage options to riders who may have been turned down by other providers due to their driving record or other factors.
Dairyland’s Niche Expertise in High-Risk Insurance
Specializing in high-risk insurance, Dairyland has developed a unique understanding of the needs of riders who may have a checkered past. By offering competitive rates and flexible coverage options, Dairyland has become a go-to provider for riders who may have been deemed too risky by other insurers.
Dairyland’s Coverage Options and Discounts
Dairyland offers an extensive range of coverage options, including bodily injury liability, property damage liability, collision, comprehensive, and personal injury protection, among others. You’ll also find a variety of discounts available, such as transfer, multi-cycle, homeownership, loyalty, and rider course discounts, to name a few.
Dairylands’ coverage options are designed to provide riders with the protection they need, whether they’re cruising down the highway or navigating through heavy traffic. With discounts available for riders who complete safety courses, own their homes, or have multiple cycles, Dairyland makes it easy to save money on your premium.
Dairyland’s Customer Service and Claims Process
To ensure that riders receive the best possible service, Dairyland has implemented a streamlined claims process that’s designed to get you back on the road quickly. With a dedicated customer service team available to answer your questions and address your concerns, you can trust that you’re in good hands with Dairyland.
This commitment to customer service is reflected in Dairyland’s reputation, with many riders praising the provider’s fast and fair claims process. Whether you’re filing a claim or simply have a question about your policy, you can count on Dairyland’s customer service team to provide you with the assistance you need.
Erie Insurance: The Regional Favorite
Keep in mind that Erie Insurance might not be a household name nationwide, but it’s a regional favorite in the Midwest, with a strong presence in 12 states and the District of Columbia.
Erie Insurance’s Strong Presence in the Midwest
With a history dating back to 1925, Erie Insurance has built a reputation for providing reliable coverage to its customers in the Midwest. Its strong regional presence allows it to offer personalized service and tailored policies that cater to the specific needs of motorcyclists in this area.
Erie Insurance’s Coverage Options and Discounts
Insurances often boast about their extensive coverage options, and Erie Insurance is no exception. From liability coverage to comprehensive coverage, Erie Insurance offers a range of policies that can be customized to fit your needs.
Discounts are always a welcome bonus, and Erie Insurance offers several ways to save. You can qualify for discounts if you’re a member of a motorcycle safety foundation, complete a motorcycle safety course, or have a multi-policy discount. Additionally, Erie Insurance offers a “New Motorcycle Discount” for riders who purchase a new bike.
Erie Insurance’s Customer Service and Claims Process
Coverage is only as good as the service that backs it up. Erie Insurance prides itself on its customer-centric approach, with a 24/7 claims hotline and a network of local agents who can provide personalized support.
Service is key to Erie Insurance’s success. The company’s claims process is designed to be hassle-free, with a dedicated team of adjusters who will work with you to resolve your claim quickly and fairly. Erie Insurance also offers a “Guarantee of Satisfaction,” which ensures that you’re happy with the service you receive.
Comparison of the Top 5 Motorcycle Insurance Companies
Not all motorcycle insurance companies are created equal. To help you make an informed decision, we’ve broken down the key features of each of our top 5 picks.
Here’s a comparison of the top 5 motorcycle insurance companies:
| Company | Description |
|---|---|
| Geico | Lowest rates overall, good coverage options, and various discount opportunities |
| Progressive | Vast array of coverage choices, accessible to high-risk motorcyclists, and impressive list of discounts |
| State Farm | Competitive rates, personalized service, and reasonable coverage options |
| Dairyland | Affordable rates, especially for high-risk riders, and extensive list of coverage options |
| Erie Insurance | Competitive rates, excellent customer service, and comprehensive coverage options |
Coverage Options and Discounts Compared
With so many coverage options and discounts available, it can be overwhelming to choose the right policy. Here’s a breakdown of what each company offers:
| Company | Coverage Options | Discounts |
|---|---|---|
| Geico | Bodily injury liability, property damage liability, collision, comprehensive, personal injury protection, uninsured/underinsured motorist, accessories, roadside assistance and towing | Switch from another company, multi-vehicle, mature rider, motorcycle insurance policy renewal, motorcycle safety course, Motorcycle Safety Foundation instructor, multi-policy or bundling |
| Progressive | Bodily injury liability, property damage liability, collision, comprehensive, personal injury protection, medpay, carried contents, uninsured/underinsured motorist, accessories, enhanced injury protection, total loss, roadside assistance | Quote-in-advance, multi-policy/bundling, association member, motorcycle license endorsement, motorcycle safety course, switch from another company, responsible driver, pay-in-full, pay-on-time, automatic bill-pay |
| State Farm | Bodily injury liability, property damage liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, protective gear, sidecar, roadside assistance and towing, trip interruption benefits | Not disclosed |
| Dairyland | Bodily injury liability, property damage liability, collision, comprehensive, medical payments, personal injury protection, uninsured/underinsured motorist, special equipment, replacement cost, passenger liability, physical damage plus, roadside assistance and towing, rental vehicle insurance | Transfer, multi-cycle, homeownership, loyalty, Harley Owners Group (H.O.G.), rider group, rider course |
| Erie Insurance | Not disclosed | Not disclosed |
As you can see, each company offers a unique set of coverage options and discounts. Be sure to review each company’s offerings carefully to find the best fit for your needs.
Customer Service and Claims Process Compared
One of the most important factors in choosing a motorcycle insurance company is their customer service and claims process. Here’s how each company stacks up:
| Company | Customer Service | Claims Process |
|---|---|---|
| Geico | Average to low customer review scores | Easy online claims process, 24/7 customer support |
| Progressive | Average customer review scores | Easy online claims process, 24/7 customer support |
| State Farm | Excellent customer review scores | Personalized service through local agents, 24/7 customer support |
| Dairyland | Average customer review scores | Easy online claims process, 24/7 customer support |
| Erie Insurance | Excellent customer review scores | Personalized service through local agents, 24/7 customer support |
Comparison of customer service and claims process shows that State Farm and Erie Insurance stand out for their excellent customer review scores and personalized service. However, all companies offer easy online claims processes and 24/7 customer support.
With respect to customer service and claims process, you want to choose a company that will be there for you in case of an accident or issue. Look for companies with high customer review scores and personalized service.
Pricing and Value Compared
Companies offer varying pricing and value for their motorcycle insurance policies. Here’s a breakdown of what each company offers:
| Company | Pricing | Value |
|---|---|---|
| Geico | $100 – $462 per year | Lowest rates overall, good coverage options, and various discount opportunities |
| Progressive | $120 – $700 per year | Vast array of coverage choices, accessible to high-risk motorcyclists, and impressive list of discounts |
| State Farm | Competitive rates | Personalized service, reasonable coverage options, and competitive rates |
| Dairyland | $98 – $1,400 per year | Affordable rates, especially for high-risk riders, and extensive list of coverage options |
| Erie Insurance | Competitive rates | Excellent customer service, comprehensive coverage options, and competitive rates |
Companies offer varying pricing and value for their motorcycle insurance policies. Geico stands out for its lowest rates overall, while Progressive offers a vast array of coverage choices. State Farm and Erie Insurance offer competitive rates and personalized service.
With respect to pricing and value, you want to choose a company that offers competitive rates and good coverage options. Look for companies with low rates, extensive coverage options, and various discount opportunities.
Final Words
The search for the perfect motorcycle insurance company is finally over! You’ve made it through our list of the top 5 motorcycle insurance companies in the United States, and now it’s time to hit the open road with confidence. Be mindful of, the best insurance company for you will depend on your unique needs and preferences. Whether you’re a seasoned rider or just starting out, Geico, Progressive, State Farm, Dairyland, and Erie Insurance have all proven themselves to be top-notch options. So, what are you waiting for? Get a quote, rev up your engine, and ride off into the sunset knowing you’re protected!