Best Motorcycle Insurance Company Of 2023
Riding a motorcycle leaves the confines of a car behind, but the need for insurance remains.
Most states require motorcycle insurance so you can pay for damages and injuries sustained by others in an accident you cause. Adding on other key coverage can mean your insurer also pays to repair or replace your bike, gear and more after an accident. We evaluated coverage, discounts, complaints, collision claims processes and ease of getting quotes to find the best motorcycle insurance companies.
Best Motorcycle Insurance Company Reviews In More Detail
Standard motorcycle insurance policy will mirror your auto insurance policy with basic coverage offerings of liability, uninsured motorists and comprehensive and collision coverage.
The coverage features beyond the basics differentiate insurers and can shine a light on the best company for motorcycle insurance for you.
Foremost Motorcycle Insurance
Foremost may not be as well known as the other insurers on our list, but it was founded in 1952 and has been part of the Farmers Insurance since 2000.
Foremost motorcycle insurance stands out for including accident forgiveness insurance for a first accident with all policies. It offers coverage features and discounts that are not always available from competitors.
What Types of Bikes Does Foremost Motorcycle Insurance Cover?
Motorcycle insurance from Foremost will cover all types of bikes, including:
Cruisers
Custom (limited, one of a kind, or bikes with more than $30,000 in optional equipment)
Dirt bikes
Low speed
Sport
Touring
Trikes
Vintage and classics
Methodology
Rate quotes were obtained by Forbes Advisor for eight states with the highest number of motorcycle registrations. The motorcycle insurance companies used in rate quoting were: Acuity, Allstate, Dairyland, Erie, Geico, Progressive, Shelter and Travelers.
To identify the best motorcycle insurance companies, we scored companies using the following measurements:
Complaints (30% of score): We used complaint data from the National Association of Insurance Commissioners. Each state’s department of insurance is in charge of logging and monitoring complaints against the insurers that operate in their states. Motorcycle insurance falls under the auto insurance complaints category. Complaints tend to center around claims, including delays, unsatisfactory settlements, claim adjusters’ handling of claims and denials.
Motorcycle insurance coverage options (30% of score): Any motorcycle insurance company can provide the basics of liability insurance, collision and comprehensive coverage and other standard offerings. In this category we gave points to companies that also offer accident forgiveness, new vehicle replacement (total loss replacement), a diminishing deductible and custom equipment coverage.
Collision repair (20% of score): We incorporated grades of insurance companies from collision repair professionals. We used grades provided by CRASH Network, a weekly newsletter covering the collision repair and auto insurance market segments. CRASH Network’s Insurer Report Card uses grades from more than 1,000 collision repair professionals to gauge auto insurers on the quality of their collision claims service.
Motorcycle insurance discounts (10% of score): We gave points to companies offering a lay-up or seasonal discount.
Ease of obtaining quotes (10% of score): We gave points to companies that offer online quotes.
For all of your motorcycle insurance questions, call or contact me at coryellerbee@gmail.com. (707) 419-5787 or you can fill out a contact me form at bigcory.com
