Online Motorcycle Insurance Company Reviews
With an increase in motorcycles on the road over the last decade, more insurance companies are offering motorcycle policies as a stand-alone product or as part of a bundled package with other automobile or homeowners insurance. Riders searching for the right insurance coverage at the lowest cost have many options, with most states requiring a minimum amount of liability coverage before taking a bike on the road. Rates vary widely from company to company, so it is beneficial to research several insurers before choosing a provider.
Listed below are several companies that offer motorcycle insurance for a wide variety of bikes, from standard motorcycles and scooters to custom, classic and collectible bikes.
AAA
A not-for-profit organization largely known as an emergency road service provider, AAA offers many travel services and member programs, including motorcycle insurance coverage for several types of bikes, including custom bikes, classic bikes that are more than 25 years old, and ATVs, among others. Riders can go online and obtain a free, no-obligation motorcycle insurance quote within a few minutes. Coverage varies by needs, with options including liability, comprehension and collision; custom parts and equipment; uninsured/underinsured motorist; medical payments; 24-hour road assistance; and coverage for safety riding apparel such as helmets.
Allstate Insurance
Allstate insures individuals throughout the United States and Canada through exclusive agencies and financial professionals. Multiple coverage options are available depending on a rider’s needs. Extra features are offered in addition to standard coverage, such as a first-accident waiver that does not raise premiums after the first accident, optional or added equipment coverage, towing and labor costs, rental reimbursement, and lease/loan gap coverage. With more than 600 agent riders who are motorcycle owners, Allstate offers a variety of discounts to save up to 40 percent off of premiums including transfer discounts, multiple policy and good rider discounts, and discounts for motorcycle organization members.
American Collectors Insurance
American Collectors offers full specialized insurance coverage for antique and classic motorcycles that are over 25 years old, although newer classic bikes that are 15 years and older may be considered. In order to be covered, motorcycles must be stored in a garage and only driven on a limited basis for occasional rides and activities. While photos reflecting the bike’s current condition are required, appraisals are generally not necessary. Motorcycles are insured for an agreed amount, so that in the event of a total loss, owners are paid the full insured value of the bike minus any deductible, with no depreciation. Riders can choose their coverage level depending on whether the bike is ridden or treated as a collectible, from options such as liability coverage to uninsured/underinsured motorist and comprehensive coverage.
Dairyland Cycle Insurance
Dairyland Cycle, a member of the Sentry Insurance Group, offers riders in most states the option to purchase motorcycle insurance for all brands of bikes, including Honda, Harley-Davidson, Triumph, and BMW, to name a few. Coverage, deductible, and limits options vary, with riders choosing from bodily injury, property damage, uninsured/underinsured motorist, comprehensive, and collision coverage. Offering motorcycle insurance for over 40 years, Dairyland Circle strives to offer excellent customer service, competitive rates, and money-saving discounts for multiple policy owners, home owners, and riders who complete a safety course and are members of certain rider groups. In addition, the company is committed to motorcycle safety education and provides information on topics such as proper training, safety gear, and theft protection. Riders can obtain quotes and purchase insurance online through their web site.
Foremost Insurance Group
With an array of standard and optional coverage options, Foremost accepts a wide variety of motorcycles including custom and classic bikes, touring bikes, cruisers, sport cycles, and trike conversions. In addition to the standard coverage options, Foremost offers extra coverage such as uninsured/underinsured motorist, increased liability limits, replacement cost total loss settlement coverage, towing and roadside assistance, transport trailers coverage, as well as coverage for accessories and safety-related gear, among others. Several different features and discounts are offered for multiple policyholders, graduates of safety courses, deductible waivers for stolen vehicle recovery systems, and first accident waiver programs for loyal customers, to name a few.
GEICO
GEICO, a wholly owned subsidiary of Berkshire Hathaway, Inc., has offered motorcycle insurance to riders since 1978 and insures most types of bikes including sport, touring and dirt bikes, cruisers, Enduros, scooters, trikes, and some customs. According to GEICO, customers rate their motorcycle insurance a 4.7 out of 5 due to their affordable rates, claims handling, and 24/7 customer service access to licensed insurance professionals. Riders have access to a secure online payment and account management system, with several payment options offered to work with an individual’s budget, such as paying all at once or via a payment plan. Numerous discounts are offered to lower motorcycle premiums including transfer discounts when a switch is made to GEICO, as well as ones for experienced and safe riders, and multiple policyholders.
Hagerty Insurance
Hagerty Insurance provides specialty insurance for classic motorcycles that are treated as collector vehicles. In order to be eligible for coverage, bikes must be increasing in market value and meet minimum value limits. In addition, Hagerty will consider covering motorcycles produced from the late 1960s and older, and will consider insuring certain models produced as late as 1981. Since these motorcycles are treated as collectibles and are not being driven on the road, rates are generally lower than regular motorcycles. A Guaranteed Value policy ensures that in the event of a loss, the total value of the motorcycle is covered, with policies customized to each collector motorcycle. As part of their customer service, Hagerty offers claims specialists that are able to assist with any damage and finding any replacement parts as needed.
Nationwide Insurance
According to Nationwide, they provide insurance coverage for 97% of motorcycles on the road, including custom bikes. In addition to coverage such as theft, collision, vandalism, uninsured/underinsured drivers, and towing, Nationwide also offers protection for classic and custom motorcycles, with riders choosing the coverage according to their needs. Riders can insure up to 12 bikes on one policy, with coverage up to $50,000 per bike. In addition to motorcycle insurance, Nationwide offers a wide range of financial services and insurance products and gives discounts for combined policies. Discounts may also be given to members of motorcycle riding associations and riders who have completed a cycle safety course.
Progressive Insurance
Progressive offers customized motorcycle coverage with multiple options for a wide range of bikes and ATVs including cruisers, street sports, touring, high performance, mopeds, scooters, and classic bikes. Protecting riders for over 35 years, Progressive was named the number one motorcycle insurance provider according to a 2009 national survey from Millward Brown. Online quotes and customer service representatives are available 24 hours per day, providing information on each option and help with choosing the best coverage. Riders have the ability to report claims online any time of the day. Claims service centers can be found throughout the United States, including assistance with writing estimates and arranging repairs. Discounts are offered for existing policy holders, homeowners, and responsible drivers, as well as for bikes that are equipped with the LoJack security system and for drivers who are prompt with premium payments, among others.
State Farm Insurance
According to State Farm, they have been the largest auto insurer in the United States since 1942, and have offered motorcycle insurance for almost 50 years. State Farm will consider insuring any factory-built motorcycles, motor scooters, and other bike licensed for use on public roads. Coverage options vary, but may include bodily injury or property damage caused by an accident; uninsured motorist; theft, fire, vandalism and other losses that may occur during storage; customization work; and attached side cars. Online quotes are not available, but agents may be contacted for assistance.
Resources for More Information
- Standard & Poor’s – Provides useful ratings information to buyers of motorcycle insurance regarding financial strength of companies.
- A.M. Best – Rating and information agency devoted to insurance organizations included motorcycle insurers.
- J.D. Power and Associates - Conducts surveys of customer satisfaction and can provide insight as to ratings in areas such as claims, policy offerings, price, and customer service.