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The best motorcycle insurance discounts are offered by Natiowide, Progressive, and USAA. Nationwide has the biggest savings of 40%.
Nationwide rewards those who have multiple policies and maintain a clean riding record. Progressive leads with competitive rates for homeowners and added features for safe riders.
| Insurance Company | Rank | A.M. Best | Good Driver | Who Qualifies? |
|---|---|---|---|---|
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#1 | A+ | 40% | Safety course grads, multi-policy users, loyal customers. |
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#2 | A+ | 30% | Safe riders, homeowners, anti-theft users. |
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#3 | A++ | 30% | Military members, veterans, families. |
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#4 | A | 30% | Safe riders, homeowners, loyal customers. |
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#5 | A++ | 26% | Organization members, safe riders, multi-vehicle owners. |
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#6 | A+ | 25% | Multi-policy holders, safe & experienced riders. |
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#7 | B | 25% | Accident-free & multi-policy riders. |
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#8 | A | 20% | Homeowners, accident-free & responsible riders. |
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#9 | A+ | 15% | AARP members, safe & experienced riders. |
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#10 | A++ | 10% | Safe riders, auto-motorcycle bundlers. |
USAA specializes in military insurance with exclusive discounts for veterans and rewards safe riders with a 30% discount.
These companies offer specialized discounts for different types of riders. Keep reading to explore the different ways you could save.
Enter your ZIP code to get personalized motorcycle insurance quotes tailored to your needs and budget.
What You Should Know
- Safe riders and experienced motorcyclists can save up to 40% on insurance
- Multi-policy discounts enhance savings for homeowners
- Nationwide leads with safe driver and bundling discounts
Motorcycle Insurance Discounts From Top Providers
Nationwide's significant motorcycle rider discounts in an already competitive market come as a pleasant surprise. For example, one of its features, which exceeds many of its competitors, is a 40% discount for safe drivers.
| Insurance Company | Good Driver | Bundling | Anti-Theft | Vehicle Safety | Defensive Driving |
|---|---|---|---|---|---|
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25% | 25% | 10% | 25% | 10% |
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30% | 20% | 10% | 20% | 10% |
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26% | 25% | 25% | 25% | 15% |
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20% | 25% | 35% | 25% | 10% |
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40% | 20% | 5% | 20% | 10% |
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30% | 10% | 25% | 12% | 31% |
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25% | 17% | 15% | 20% | 15% |
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15% | 15% | 15% | 25% | 15% |
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10% | 13% | 15% | 8% | 20% |
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30% | 10% | 15% | 10% | 5% |
Additionally, its 20% bundling discount makes it an attractive option for those looking to insure multiple policies, outshining Progressive's 10% discount. Progressive does provide excellent discounts for safe drivers (up to 30%) and riders who take extra care to protect their bikes with anti-theft devices.
The benefits of defensive driving courses are big discounts on your policy. Progressive packs so many discounts into its offering for safe driving, anti-theft measures, and policy bundling that you can stack them for multiple savings. Not only does this strategy save you more money, but it also encourages safer and more secure motorcycling habits.
Achieving the Best Motorcycle Insurance Rates
Discounts help reduce the cost of your motorcycle insurance but don't forget about safe driving habits. Riders with clean records have the cheapest motorcycle insurance rates on average. Progressive and USAA have the lowest rates, but Nationwide won't increase rates nearly as high after a DUI or accident.
Responsible riders with a good driving history qualify for safe driving discounts, but companies also reward riders who avoid filing claims with accident forgiveness and vanishing deductibles.
Even if you don't have a perfect driving record, you can still save money with motorcycle insurance discounts not related to driving habits. Bundling policies and being a member of a recognized riding club will help lower rates. If you're looking for more motorcycle insurance deals, check out our top five tips to lower your motorcycle insurance cost.
Saving Money on Essential Motorcycle Insurance Coverage
While on the open road, you certainly want the right motorcycle insurance for peace of mind. Exploring multiple motorcycle insurance coverage options will help you understand the type of policy you need and how to qualify for the appropriate discounts.
Nationwide, Progressive, and USAA have the best motorcycle insurance discounts that can save riders up to 40%. These are the most popular discounts on motorcycle insurance policies:
- Multi-Vehicle Discounts: Insure multiple bikes under one policy to reduce your overall costs.
- Good Rider Discounts: Maintain a clean riding record to qualify for reduced rates.
- Membership Benefits: Many motorcycle associations offer their members discounts on insurance and vice versa.
- Advanced Safety Course Incentives: You may also be able to spend additional state-approved safety courses, which can lower your premiums.
- Anti-Theft Installations: Equipping your bike with anti-theft devices can significantly decrease your insurance costs.
To save even more, consider paying your premium in full. These discounts benefit you not only because they lower your expenses but also because they promote safer riding habits.
The best policy minimizes cost and maximizes the best comprehensive motorcycle insurance coverage tailored to your specific riding needs. See which companies have the cheapest motorcycle insurance rates for you by entering your ZIP code in our free comparison tool.
Frequently Asked Questions
What are the best motorcycle insurance deals?
The best motor insurance is often found by comparing quotes from multiple insurers, taking advantage of loyalty discounts, and looking for companies that offer specific savings for bundling with other policies.
Who has the best rates for motorcycle insurance?
Nationwide often offers the best rates for motorcycle insurance, especially for safe drivers and those who qualify for multiple policy discounts.
What is the best motorcycle insurance?
The best motorcycle insurance offers a balance of adequate coverage, affordable rates, and excellent customer service. Companies like Progressive, USAA, and Nationwide are rated well among riders. Learn more in our Nationwide review.
How do I get cheaper insurance for a motorcycle?
To reduce your motorcycle insurance costs, maintain a good driving record, complete a motorcycle safety course, and increase your deductible. Also, review your policy a few times a year to adjust coverage as your needs change.
Which insurance company is best for bikes?
Progressive is highly regarded for motorcycles and motorbikes due to its comprehensive options that cater to different types of riders and their specific needs.
What kind of insurance is best for a motorcycle?
The best insurance for a motorcycle usually includes liability, collision and comprehensive coverage. Consider your specific needs, such as coverage for custom parts or roadside assistance.
How can I lower my motorcycle insurance quotes?
Lower your motorcycle insurance by qualifying for discounts, such as those for anti-theft devices, being a member of a riding association, or bundling motorcycle insurance with other policies like home or auto.
Do motorcycles make your insurance go up?
Owning a motorcycle will not necessarily make your car insurance go up, but the motorcycle itself can be costly to insure depending on the model, your riding history, and where you live.
What determines motorcycle insurance cost?
Motorcycle insurance costs are determined by factors such as your age, riding experience, driving record, location, the type of motorcycle, and the level of coverage you select.
Learn More: What is a driving record, and what does it track?
Can you add a motorcycle to your car insurance?
Yes, you can often add a motorcycle to your existing car insurance as a bundled policy, which might qualify you for a discount.
Which motorcycles are the most expensive to insure?
High-performance bikes like sportbikes and larger motorcycles are typically more expensive to insure due to higher risk and repair costs.
How much cheaper is motorcycle insurance than car insurance?
Motorcycle insurance is generally cheaper than car insurance due to the lower risk of significant property damage, but it can vary based on coverage, bike type, and personal details.
When financing a motorcycle, do you need full coverage?
Yes, most lenders require full coverage on a motorcycle when it is financed to protect the investment from loss or damage.
Compare full coverage motorcycle insurance quotes today by entering your ZIP code into our free comparison tool.
Does having a motorcycle license lower your insurance?
Having a motorcycle license alone doesn't lower your insurance, but completing a motorcycle safety course and maintaining a clean riding record can.
Is motorcycle insurance required?
Yes, motorcycle insurance is legally required in most states to at least cover liability for bodily injury and property damage.