The best bike insurance companies offer competitive rates, dependable customer service, and comprehensive coverage options.
We selected top-rated bike insurance companies from various categories, making it simple to find one that meets your needs.
Cheapest bike insurance: Nationwide
Nationwide offers the most affordable bike insurance rates in the country. Policies cost an average of $49 per month, with rates as low as $24 per month in some states.
When filing a claim with a vanishing deductible, Nationwide assists riders in keeping their costs low. The deductible is reduced by $100 for each year you are accident-free.
Custom equipment coverage, original equipment manufacturer (OEM) coverage, and roadside assistance are all options for riders.
Nationwide, on the other hand, has received mixed reviews for its customer service. According to the National Association of Insurance Commissioners, the company receives half as many customer complaints as other companies of the same size (NAIC).
However, Nationwide received a poor rating from J.D. Power in its annual claims satisfaction survey, implying that riders may have to wait longer to get back on the road after an accident.
Best for daily riders: Dairyland
Dairyland’s roadside assistance and rental reimbursement coverage make it the best choice for riders who use their bike as their primary mode of transportation.
Dairyland customers have peace of mind with emergency roadside assistance — fuel, fluid, oil, or water refills are only a phone call away. Service for flat tires, bad batteries, mechanical or electrical problems, and towing if repairs are required are also included.
An accident or breakdown can derail your life if you ride your bike to work or for daily activities. Dairyland will pay for a rental car while your bike is being repaired.
Dairyland also provides replacement cost coverage for bikes that are less than three years old. Many other companies impose a mileage cap or impose a one-year limit on full replacement coverage.
Dairyland’s bike insurance is more expensive than that of other insurance companies.
A full coverage policy from Dairyland costs $13 more per month than the national average, at $73. To help make coverage more affordable, the company offers a homeowner discount and a transfer discount for switching to Dairyland.
Riders, on the other hand, are dissatisfied with Dairyland’s service. According to the NAIC, it receives nearly three times as many complaints as other insurance companies of comparable size. If you are in an accident, Dairyland may take longer to settle your claim than other companies.
Best for custom bikes: Progressive
Progressive’s coverage options, many of which are free of charge, make it an excellent choice for custom bikes.
Progressive’s bike insurance policies all include full replacement cost coverage, which means your bike will be restored to pre-accident condition without regard for wear and tear.
Another benefit is Progressive’s OEM coverage, which guarantees that any original or custom parts on your bike will be replaced with the same parts.
Progressive’s collision and comprehensive coverage include $3,000 in coverage for damage to custom parts, upgrades, and customizations, with the option to increase the limit to $30,000 if necessary.
Progressive’s full coverage policy costs around $52 per month, which is $8 less than the national average. Progressive also provides numerous discounts as well as an accident forgiveness program. If you have an accident after being accident-free for four years, the first one will not count against you as long as it costs Progressive less than $500.
Progressive, on the other hand, received the second-lowest score on J.D. Power’s customer satisfaction survey. Customers aren’t impressed with Progressive’s service, despite the company’s low number of customer complaints.
Frequently Asked Questions Related To Best Insurance For Bike
What is the best bike insurance company?
The best bike insurance for you is determined by your coverage requirements, the type of bike you own, your riding habits, and where you live.
Nationwide, for example, has the cheapest quotes for the majority of riders, but Progressive is the best company for custom bikes due to its OEM and custom parts coverage, and Geico is the best choice for young riders.
What is the most affordable bike insurance provider?
Nationwide offers the most affordable bike insurance, with policies starting at $49 per month for full coverage. Geico also provides low-cost quotes starting at around $51 per month.
Does USAA have bike insurance?
Yes, military members, veterans, and their families can purchase bike insurance through USAA. However, USAA does not write bike insurance policies and instead refers riders to Progressive. However, you will still receive military-specific discounts, making Progressive coverage even more affordable.
Read Also: How Valuable is Travel Insurance?
How much does bike insurance cost? In the United States, the average monthly cost of full coverage bike insurance is $60. This is less expensive than car insurance, which costs $149 per month for full coverage.