These are the 4 best motorcycle insurance companies to cover your bike

Whatever type of motorcycle you have in your garage, you will likely need insurance to cover it. Almost all states require you to cover your motorcycle, and it can benefit you in a variety of situations.

Whether you’re a first-time owner or a seasoned rider, your insurance coverage is an important part of setting up your motorcycle. Standard motorcycle insurance policies include bodily injury liability coverage and property damage liability coverage, which pay for any damage you may cause to others, but there are a number of optional covers available as well, such as comprehensive and collision coverage.

Here, CNBC Select analyzed motorcycle insurance companies and selected the four companies that stand out for their availability, discounts, financial strength, and coverage (see our methodology for more information on how we made this list).

For whom is this? As one of the largest insurance companies in the country, State Farm is widely available and offers coverage options for all types of motorcycle owners.

Standout Advantages: State Farm offers a wide variety of other coverages for your home, car, and other types of vehicles, giving you the opportunity to pool and save on your insurance policies. Some motorcycle insurance policies also come with roadside assistance coverage.

[ Jump to more details ]

For whom is this? Anyone who needs coverage for motorcycles, sport bikes, cruisers, and more can find coverage by applying. With a variety of covered vehicles and many savings opportunities, Progressive Motorcycle Insurance offers flexibility and affordability.

Standout Advantages: Progressive offers 11 different discounts, including discounts for collecting your insurance policies, completing a safety course, being a responsible driver, paying in full, paying on time, and even for switching or transferring from another company. Progressive also offers small and large accident relief and disappearance rebates.

[ Jump to more details ]

For whom is this? Geico can be a good option for those who also own a car and want to aggregate car and motorcycle insurance policies. It was one of CNBC Select’s top car insurance picks and can help customers save while managing their policies together.

Standout Advantages: Geico motorcycle insurance is available in all 50 states and also offers seven different discounts.

[ Jump to more details ]

For whom is this? For those who want to save money on motorcycle insurance, Harley-Davidson is offering a total of 13 discounts, including a discount for those with a long riding history, are members of the Harley Owners Group and for those with a motorcycle endorsement on their driver’s license.

Standout Advantages: Harley-Davidson insurance covers a wide variety of motorcycle types, making it a good choice for high-spec bike enthusiasts. You don’t need to own a Harley-Davidson to sign up for coverage – Harley-Davidson insurance is available for nearly all makes and models.

[ Jump to more details ]

State Farm is available nationwide and offers several other lines of insurance to allow for harvesting, including auto insurance, home insurance, small business insurance, life insurance, and more. It has been rated highly in Customer Satisfaction with Automotive Claims, has an A- rating from the BBB and is highly rated by AM Best for financial strength.

Available countries

not revealed

Discounts available

not revealed

Other factors to consider

You will need to contact an agent in order to obtain a quote.

[ Return to summary ]

The Progressive is highly regarded for its wide range of policies and availability. Progressive motorcycle insurance policies offer some great features, including full replacement cost with no parts depreciation and Original Equipment Manufacturer (OEM) parts coverage. It also offers many different discounts that are easy to get.

Available countries

49, not available in Massachusetts

Discounts available

11, including discounts on motorcycle endorsements and association memberships

Other factors to consider

Progressive offers coverage for a wide variety of motorcycles, including vintage motorcycles, scooters, scooters, and custom scooters.

[ Return to summary ]

Geico has an A++ financial strength rating by AM Best and is competitive for customer satisfaction. It stocks a wide range of bikes including cruisers, touring bikes, sport bikes and custom motorcycles. Geico also offers several specialty covers for motorcycles, such as accessory coverage and helmet coverage, and offers ATV and scooter insurance.

Available countries

50

Discounts available

7

Other factors to consider

Geico offers other insurance policies such as homeowners insurance, renters insurance, and auto insurance to bundle coverage and savings.

[ Return to summary ]

Covered by Sentry Insurance Group, Harley-Davidson insurance offers coverage for a wide variety of motorcycles—regardless of make or model—and with several different discounts to save you money. Harley-Davidson also promises to use genuine parts for repairs.

Available countries

48, not available in Alaska, Hawaii, or Washington, D.C

Discounts available

13, including discounts for Harley Owners Group members, pay-on-time discounts, and military and law enforcement discounts

Other factors to consider

Harley-Davidson doesn’t offer any other types of insurance, so you’ll have to manage other things like car insurance policies separately.

[ Return to summary ]

When shopping for motorcycle insurance, you’ll need a policy that covers the following:

• Liability coverage for bodily and property damage: This coverage can help pay for damage to other vehicles and injuries if you are responsible for an accident.
• Coverage for Uninsured/Uninsured Drivers: This type of insurance can help you if you are injured by an uninsured person, or someone who does not have enough coverage to pay for your injuries.
• Comprehensive Coverage and Collision Cover: Comprehensive coverage can cover things like theft or vandalism, while collision coverage covers if your motorcycle is damaged in an accident. Universal coverage and collision coverage are not required for motorcycles, but can be useful in these situations.

In addition, some insurance companies offer coverage to protect your bike and equipment. Here are some things to consider if you are looking to improve your coverage:

• Custom parts and equipment coverage: If you’ve spent a lot of money upgrading your bike with parts and accessories, it might be worth covering them. You may be able to purchase additional coverage for these upgrades depending on your state and insurance company.
• Riding equipment coverage: Some insurance companies offer coverage for your equipment, including your helmet and shoes.
• Roadside assistance: If your flight is disrupted, you may be able to get assistance with roadside assistance.

Sport bikes are generally some of the most expensive types of motorcycles to insure. However, many factors, including your age, location, and how much riding experience you have, may also affect the price you will pay for coverage.

There are several ways to lower the price you will pay for coverage. Some common options include:

• Pay your premium in full. Generally, insurance companies offer a discount to those who choose to pay their bill in full.
• Shopping for coverage. Every insurance company considers your information and personal data differently, so getting quotes from several different insurance companies can help make sure you’re getting the best deal for you.
• Take a motorcycle course. Insurance companies may offer you a discount if you take a motorcycling course.

Almost all states (except Florida) require motorcycle insurance before you can legally register your bike. However, the amount of insurance required varies by state. Also, having insurance can help protect you financially if you are involved in an accident.

At CNBC Select, our mission is to provide readers with the highest quality journalism service and comprehensive consumer advice so they can make informed decisions with their money. Every motorcycle insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns commission from affiliates on many offers and links, we create all of our content without input from our commercial team or any outside third party, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how to choose the best motorcycle insurance companies.

To select the best motorcycle insurance companies, CNBC Select analyzed dozens of US insurance companies that come with policies to fit a variety of needs.

When narrowing down and ranking the best motorcycle insurance companies, we focused on coverage, availability, ease of use, and customer satisfaction. We took into account the number of states in which coverage is available, the number and types of motorcycle models covered, financial strength ratings from AM Best (which measures a company’s ability to pay debt), the number of discounts available, and customer satisfaction with claims from JD’s American Automotive Claims Satisfaction Study. Power.

From there, we’ve sorted our recommendations by best overall and runner-up, best for collection, and best for sale.

Note that premiums and policy structures advertised for motorcycle insurance companies are subject to fluctuation according to company policies.

Follow CNBC Select’s in-depth coverage of credit cardsAnd Banking services And money. And we followed Tik TokAnd FacebookAnd Instagram And Twitter to stay informed.