Best Motorcycle Insurance of December 2021

Hannah Nash

If you’re a motorcycle owner, chances are your motorcycle is one of your prized possessions. A great insurance plan can ensure that your motorcycle and yourself are covered for unexpected events. We’ve evaluated the top providers based on their insurance rates, financial strength, customer service, and overall quality.

How does motorcycle insurance work?

Similar to auto insurance, motorcycle insurance comes in different plans available to riders. These types of coverage options are targeted to assist motorcyclists with a number of potential issues:

  • Liability coverage: If you cause an accident with a pedestrian, car, or another motorcycle, liability coverage plans help you cover the costs of their medical bills and to repair the other person’s vehicle.
  • Personal injury protection: Because motorcycles are a bit more dangerous than cars, personal injury protection is a popular choice that covers medical bills and treatment for yourself and others riding with you.
  • Comprehensive coverage: If your motorcycle is damaged outside of an accident, comprehensive coverage helps you pay for repairs or replacements.
  • Collision coverage: Separate from liability, collision coverage covers you regardless of whether you caused an accident or not to be able to afford repairs and medical treatments.
  • Uninsured motorist coverage: If you get into an accident with another driver who happens to be uninsured, this type of coverage will help you pay for damages and medical bills following the event.

What does motorcycle insurance cover?

Motorcycle insurance covers a range of things you may experience while owning a motorcycle. Most providers will offer plans that cover the following issues:

  • Collisions: Whether you crash with someone’s property, a pedestrian, a car or another motorcyclist, motorcycle insurance will cover the costs associated with medical treatment and repairs.
  • Fallen objects damage: If a tree or powerline falls on your motorcycle and damages it, your insurance will cover the costs associated with repairing your motorcycle.
  • Animal collisions: If you hit an animal while driving your motorcycle, it will likely cause some damages. Most insurance plans will cover the repairs to fix your motorcycle after this happens.
  • Theft: If your motorcycle is stolen, your insurance provider will help with the costs associated to replace your motorcycle.

Insurance providers will cover a number of unexpected events you may face while owning your motorcycle. However, motorcycle insurance plans will not cover you for damages to your motorcycle through negligence or repeated use. If your tire blows out while riding, for example, you will be required to pay for a new tire out of pocket.

Additionally, if you add replacement parts to your motorcycle, you can expect to pay those costs out of pocket as well. Whether you’re replacing a part because it is worn down, or because you want something new, you will be expected to cover those costs yourself.

How are motorcycle insurance costs determined?

Like most insurance plans, motorcycle insurance costs are determined by a number of factors. Providers range in how much they will charge individuals for coverage. Here are some of the primary factors providers will look into when determining insurance cost premiums:

  • Age: Typically, younger riders will be given higher insurance premium costs, as they are determined to have higher risk. The younger you are, the higher your costs will likely be.
  • Driving history: If you’ve gotten into an accident recently – whether it was your fault, or someone else’s – your insurance premium costs will likely be higher.
  • Experience: If you’ve been riding for years and have plenty of experience on your motorcycle, you can expect to have a lower insurance premium than someone who is just starting out.

Additionally, the details of your insurance plan will contribute to your overall premium cost. If you add on more coverage options, or choose a lower annual deductible, you can expect your insurance premium to be higher than average.

When to get motorcycle insurance?

If you have a loan for your motorcycle, you may be required to get some level of insurance coverage as part of your loan agreement. In this case, you will need to have coverage before you start riding.

If you own your motorcycle, it is still a good idea to get insurance coverage as soon as possible. You never know when you may get into an accident, or anticipate whether your motorcycle will be damaged or stolen. Having coverage ahead of these unexpected circumstances will give you the peace of mind that you can get the repairs and replacements you need.

Also, in most states, you are required by law to have motorcycle insurance.

How to choose the best motorcycle insurance?

There are many different plans for coverage available when it comes to motorcycle insurance. Here are some things to keep in mind as you determine which plan is best for you:

  • Consider your driving history: If you’re a relatively new motorcycle driver, or have gotten into accidents in the past, you will want to consider a more holistic coverage. This will help you to prepare for accidents and damages new riders are more likely to face.
  • Determine your budget: You will be paying a monthly fee for insurance coverage, so it is best to determine a budget you can stick to ahead of deciding on a plan. From here, you can consider plans that fit in your budget to figure out what’s best for you.
  • Compare and contrast plans: Different plans offer different types of coverage, and you will want to compare and contrast which plans offer you the most coverage for a reasonable price.