Despite the risks involved, riding a motorcycle offers several advantages. Motorbikes typically boast better gas mileage, are easier to park due to their smaller size, and incur lower costs for repairs, licensing, and taxes. Additionally, motorcycle insurance, even for new riders, tends to be significantly cheaper than car insurance, with premiums starting as low as $40 per month. However, it’s crucial to recognize the importance of obtaining motorcycle insurance, especially for new riders.
In fact, 47 out of 50 states legally mandate motorcycle insurance, aligning with requirements for other motorized vehicles. Even if the law in your state allows you to forego insurance, doing so is ill-advised. Without insurance, you risk financial devastation in the event of an accident, potentially depleting any savings accrued from riding a motorcycle overnight if your bike is totaled and you’re left without coverage.
Therefore, just as wearing a helmet and protective gear is essential, having motorcycle insurance is equally crucial. But with numerous contract options available, navigating the selection process can be challenging for new riders. This task is further complicated by the fact that, akin to car insurance, insurance companies often offer discounts to more experienced riders.
Given these considerations, let’s explore some of the top motorcycle insurance options suitable for new riders.
Progressive Motorcycle Insurance Provides Options for New Riders
Progressive proudly claims the title of the top motorcycle insurance company, and their reputation supports this assertion. As a prominent insurance brand across the board, Progressive caters to a wide range of riders. Whether you rely on your motorcycle for daily transportation or you’re passionate about collecting classic or custom bikes, Progressive offers various coverage levels tailored to your specific needs. Featuring a straightforward quote process and loyalty rewards, Progressive stands out as a dependable choice for new riders, offering options that can evolve with your experience level over time.
GEICO: A Reliable National Standby
It’s no surprise to see the iconic green gecko making an appearance on this list. After all, GEICO is renowned as one of the top insurance brands nationwide, offering a wide array of plans to help you protect what matters most at affordable rates, all backed by world-class customer service. For motorcyclists, GEICO provides comprehensive coverage, including insurance for accessories, collision protection, and coverage for unfortunate incidents like fire, theft, and vandalism, along with Bodily Injury Liability Coverage for others.
Moreover, GEICO offers an impressive range of discounts that new riders can capitalize on, such as transfer discounts and savings for completing motorcycle safety courses. With 24/7 support available, filing a claim is made convenient whenever the need arises.
Harley-Davidson Understands Motorcyclists’ Needs
In certain instances, turning to an insurance specialist rather than a generalist can be advantageous. This is where Harley-Davidson’s branded motorcycle insurance offering shines. You don’t necessarily have to own a Harley to enroll, and their competitive pricing and customer support are notable. Given Harley-Davidson’s expertise in the motorcycle industry, their insurance is finely crafted to address the specific needs of both you and your bike. They offer comprehensive coverage, including options to insure your safety equipment and other accessories.
Furthermore, Harley-Davidson provides additional services such as GAP insurance, coverage for tire replacements, parts, and more, catering to the diverse needs of motorcycle enthusiasts.
Markel is a Great Motorcycle Insurance Option
Markel, although a smaller insurer operating in fewer states, offers a quality motorcycle insurance program with competitive rates. They provide all the standard coverage options, along with discounts for completing safety courses, owning a bike equipped with anti-lock brakes, and participating in an accident forgiveness program. Additionally, Markel offers safe driving discounts, providing new riders with further incentives to exercise caution.
Although Markel’s coverage is not available nationwide and doesn’t allow bundling of motorcycle and car insurance into a single plan, it remains an excellent choice for individuals whose primary mode of transportation is their motorcycle. While their rates may vary by state, it’s worthwhile to consider Markel when seeking insurance quotes.
In Conclusion
For new riders, navigating the realm of motorcycle insurance can feel daunting. While you aim to maximize the savings afforded by owning a motorcycle, it’s equally crucial to find an insurer that considers your level of experience and rewards safe riding habits. Although it’s technically possible to forego insurance in three states, we strongly advise against operating your motorcycle or car uninsured under any circumstances. It’s imperative to prioritize purchasing insurance that aligns with your budget and lifestyle for optimal protection on the road.