Best Life Insurance for Motorcycle Riders in 2024 (Top 10 Companies)
The best life insurance for motorcycle riders are offered by Prudential, USAA, and Nationwide with competitive rates and tailored coverage ensuring financial security for motorcycle riders, with discounts of up to 20%. Explore their rider-specific benefits and find the perfect policy for your needs today.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
UPDATED: Oct 18, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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6,435 reviewsCompany Facts
Full Coverage for Motorcycle Riders
A.M. Best Rating
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Pros & Cons
6,435 reviews
0 reviewsCompany Facts
Full Coverage for Motorcycle Riders
A.M. Best Rating
Complaint Level
Pros & Cons
0 reviews
3,019 reviewsCompany Facts
Full Coverage for Motorcycle Riders
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviews
In our comprehensive guide, we delve into the specifics of each provider’s offerings, exploring factors such as average monthly rates for good riders, A.M. Best ratings, complaint levels, and pros and cons.
Our Top 10 Company Picks: Best Life Insurance for Motorcycle Riders
| Company | Rank | Monthly Rates | Multi-Policy Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
| #1 | $55 | 15% | Customizable Policies | Prudential |
 | #2 | $50 | 10% | Exceptional Service | USAA |
 | #3 | $52 | 25% | Multi-Policy Discounts | Nationwide |
 | #4 | $54 | 20% | Community Focus | State Farm |
 | #5 | $53 | 25% | Diverse Coverage | Allstate |
 | #6 | $51 | 12% | Rider-Focused Coverages | Progressive |
 | #7 | $49 | 25% | Competitive Rates | Geico |
 | #8 | $56 | 25% | Technology Integration | Liberty Mutual |
 | #9 | $57 | 15% | Global Presence | AIG |
 | #10 | $58 | 15% | Long-Term Care | MassMutual |
Whether you’re a casual rider or a seasoned enthusiast, this guide equips you with the necessary insights to make an informed decision and safeguard your future on the road. You can get free quotes for life insurance and secure financial protection for your loved ones by entering your ZIP code into our tool above.
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#1 – Prudential: Top Overall Pick
Pros
- Customizable Policies: Prudential insurance review & ratings show that they provide extensive customization options, empowering motorcycle enthusiasts to personalize their life insurance plans according to their individual requirements.
- Multi-Policy Discount: With a multi-policy discount of up to 15%, Prudential incentivizes customers to bundle their motorcycle insurance with other coverage, potentially leading to cost savings.
- Low-Mileage Discount: Riders who don’t put a lot of miles on their motorcycles can benefit from Prudential’s low-mileage discount, providing additional savings.
Cons
- Limited Low-Mileage Discount: While Prudential offers a low-mileage discount, the maximum savings is capped at 10%, which may be less competitive compared to other providers.
- Complexity in Customization: The extensive customization options might be overwhelming for some customers, leading to potential confusion in selecting the right coverage.
#2 – USAA: Best for Military Excellence
Pros
- Exceptional Service: USAA insurance review & ratings highlight the company’s standout feature: exceptional customer service tailored to motorcycle riders, guaranteeing swift and dependable assistance whenever required.
- Multi-Policy Discount: USAA offers a multi-policy discount of up to 10%, encouraging customers to combine their motorcycle insurance with other policies for overall savings.
- Low-Mileage Discount: With a low-mileage discount of up to 5%, USAA provides an additional cost-saving opportunity for riders with limited mileage.
Cons
- Limited Availability: USAA membership is restricted to military personnel and their families, limiting access to a broader customer base.
- Moderate Multi-Policy Discount: While a multi-policy discount is available, the maximum savings of 10% may be considered moderate compared to other providers.
#3 – Nationwide: Best for Diverse Coverage
Pros
- Multi-Policy Discounts: Nationwide offers substantial multi-policy discounts, providing significant savings when customers bundle their motorcycle insurance with other coverage.
- Low-Mileage Discount: Riders with limited mileage can benefit from Nationwide’s low-mileage discount of up to 10%, contributing to potential cost savings.
- Wide Range of Coverage: When it comes to Nationwide insurance review & ratings, they offer a range of coverage options tailored to meet the specific needs of motorcycle riders.
Cons
- Higher Premiums: While Nationwide offers various discounts, its base premiums may be higher than some competitors, potentially offsetting the benefits of discounts.
- Less Competitive Low-Mileage Discount: The low-mileage discount, while available, may be less competitive compared to other providers in the market.
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#4 – State Farm: Best for Community-Centric Provider
Pros
- Community Focus: State Farm emphasizes a community-focused approach, providing motorcycle riders with a sense of belonging and support.
- Multi-Policy Discount: Customers can enjoy a multi-policy discount of up to 20% when combining their motorcycle insurance with other State Farm coverage.
- Customer Engagement: State Farm insurance review & ratings show that the company takes an active role in connecting with its community, providing specialized resources and hosting events tailored to motorcycle enthusiasts.
Cons
- Limited Technological Integration: State Farm may have less advanced technological integration compared to some competitors, potentially impacting the convenience of managing policies.
- Less Diverse Coverage Options: The range of coverage options offered by State Farm may be more limited compared to other providers, potentially leaving some riders seeking additional protections.
#5 – Allstate: Best for Comprehensive Coverage Innovation
Pros
- Diverse Coverage: When it comes to Allstate insurance review & ratings, one notable aspect is its wide array of coverage options, which cater to the specific needs of motorcycle riders.
- Multi-Policy Discount: Allstate offers a significant multi-policy discount of up to 25%, encouraging customers to bundle their motorcycle insurance with other coverage.
- High Low-Mileage Discount: With a low-mileage discount of up to 20%, Allstate provides substantial savings for riders with limited annual mileage.
Cons
- Higher Premiums: The comprehensive coverage options at Allstate may come with higher base premiums, potentially making it less cost-effective for some riders.
- Complexity in Coverage Options: The extensive coverage options may be overwhelming for riders looking for a simpler insurance solution.
#6 – Progressive: Best for Rider-Focused Insurance
Pros
- Rider-Focused Coverages: Progressive specializes in rider-focused coverages, ensuring that motorcycle enthusiasts can find policies tailored to their specific needs.
- Multi-Policy Discount: Customers can enjoy a multi-policy discount of up to 12%, promoting cost savings when bundling motorcycle insurance with other coverage.
- Advanced Technology: Progressive insurance review & ratings incorporate advanced technology to elevate customer satisfaction, providing user-friendly tools and resources for managing policies.
Cons
- Moderate Multi-Policy Discount: While a multi-policy discount is available, the maximum savings of 12% may be considered moderate compared to competitors.
- Less Global Presence: Progressive’s focus on the domestic market may limit its availability and support for riders traveling internationally.
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#7 – Geico: Best for Competitive Rates
Pros
- Competitive Rates: Geico is known for offering competitive rates, providing potential cost savings for motorcycle riders. Discover more on out “How can I pay my GEICO insurance premium?“.
- Multi-Policy Discount: Customers can benefit from a multi-policy discount of up to 25% when combining their motorcycle insurance with other Geico coverage.
- Advanced Technology: Geico integrates technology seamlessly, offering an efficient and user-friendly platform for managing policies.
Cons
- Limited Rider-Focused Coverages: Geico may offer fewer specialized coverages tailored specifically to motorcycle enthusiasts compared to some competitors.
- Less Personalized Service: The emphasis on technology may result in a less personalized customer service experience for those who prefer more direct interaction.
#8 – Liberty Mutual: Best for Technologically Advanced Insurance
Pros
- Technology Integration: When it comes to Liberty Mutual insurance review & ratings, they stand out for their innovative use of technology, providing cutting-edge tools and platforms that enhance the overall customer experience.
- Multi-Policy Discount: Customers can enjoy a multi-policy discount of up to 25%, making it cost-effective to bundle motorcycle insurance with other Liberty Mutual coverage.
- High Low-Mileage Discount: Liberty Mutual provides a substantial low-mileage discount of up to 30%, catering to riders with limited annual mileage.
Cons
- Complex Coverage Options: The extensive range of coverage options may be complex for some customers, potentially leading to confusion in selecting the most suitable policy.
- Higher Base Premiums: Liberty Mutual’s advanced technology and comprehensive coverage may result in higher base premiums compared to some competitors.
#9 – AIG (American International Group): Best for Global Coverage Specialization
Pros
- Global Presence: AIG boasts a global presence, providing motorcycle riders with coverage and support across international borders.
- Multi-Policy Discount: Customers can benefit from a multi-policy discount of up to 15%, encouraging the bundling of motorcycle insurance with other AIG coverage.
- Advanced Technology: AIG insurance review & ratings boast integration of technology seamlessly, offering an efficient and user-friendly platform for managing policies.
Cons
- Limited Low-Mileage Discount: AIG offers a low-mileage discount, but the maximum savings of 10% may be less competitive compared to other providers.
- Complex Policies: The global nature of AIG’s operations may result in policies that are complex, potentially making it challenging for some customers to navigate.
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#10 – MassMutual: Best for Long-Term Care
Pros
- Long-Term Care: MassMutual specializes in long-term care coverage, providing valuable options for motorcycle riders planning for the future.
- Multi-Policy Discount: Customers can enjoy a multi-policy discount of up to 15%, making it cost-effective to bundle motorcycle insurance with other MassMutual coverage.
- Wide Range of Coverage: MassMutual insurance review & ratings underscore diverse coverage options, ensuring that motorcycle riders can find a policy that suits their individual needs.
Cons
- Limited Rider-Focused Coverages: MassMutual’s emphasis on long-term care may result in fewer specialized coverages for motorcycle enthusiasts.
- Moderate Low-Mileage Discount: While a low-mileage discount is available, the maximum savings of 5% may be considered moderate compared to some competitors.
Navigating the Cost of Life Insurance for Motorcycle Riders
When it comes to securing insurance for your motorcycle, riders often seek coverage that aligns with their budget while providing adequate protection. The insurance landscape varies, with companies offering different rates for both minimum and full coverage. Let’s delve into the specifics of the average monthly life insurance rates for motorcycle riders based on the provided information.
For riders opting for the minimum coverage, which typically includes basic protection mandated by law, insurance costs can vary among different providers. State Farm stands out with the lowest minimum coverage rate at $20 per month, offering a cost-effective option for riders who prioritize meeting legal requirements without incurring high expenses.
Life Insurance Monthly Rates for Motorcycle Riders
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| AIG (American International Group) | $42 | $190 |
| Allstate | $35 | $160 |
| Geico | $30 | $150 |
| Liberty Mutual | $38 | $170 |
| MassMutual | $32 | $155 |
| Nationwide | $28 | $130 |
| Progressive | $40 | $180 |
| Prudential | $30 | $150 |
| State Farm | $20 | $100 |
| USAA | $25 | $120 |
Following closely, USAA and Prudential offer competitive rates at $25 and $30 per month, respectively. As riders explore their options, these figures can influence decisions as to who is the best insurance for motorcycles riders or who is the cheapest for motorcycle insurance provider when it comes to the lowest cost yet reliable minimum coverage.
On the other end of the spectrum, full coverage ensures a broader range of protection, encompassing not only the legal essentials but also additional safeguards for the rider and their motorcycle. The rates for full coverage tend to be higher, reflecting the increased level of security provided. State Farm once again emerges as a cost-effective choice, offering full coverage at $100 per month.
USAA and Prudential maintain their affordability, with rates of $120 and $150, respectively. For those seeking comprehensive protection, MassMutual, Geico, and Nationwide present competitive options with rates ranging from $130 to $155 per month.
It’s noteworthy that Allstate, Progressive, Liberty Mutual, and AIG have slightly higher rates, reflecting the additional coverage and benefits included in their comprehensive packages.
Daniel Walker Licensed Insurance Agent
In conclusion, riders navigating the insurance market for their motorcycles have a spectrum of choices, from budget-friendly minimum coverage to more extensive full comprehensive coverage plans. Understanding the specific rates offered by different companies empowers riders to make informed decisions, balancing their financial considerations with the level of protection they seek on the open road.
Understanding the Cost Dynamics of Life Insurance for Motorcycle Riders
Many factors are used to determine your life insurance rates. In addition to your age and medical history, the hobbies you enjoy can also raise your rates in some cases. Between car drivers not paying attention and motorcycle driver errors, motorcycle crashes can be a real concern. In fact, according to the Insurance Information Institute, motorcycle riders are 27 times more likely to die in an accident than car occupants.
Some life insurance companies will simply want to know how you use your motorcycle. If you are a casual rider, your life insurance rates won’t go up just because you drive a motorcycle. A casual rider is someone who uses their motorcycle for leisure or commuting. However, if you race your motorcycle, your life insurance for motorcycle racing may go up since that is considered more dangerous than just riding.
Discover additional knowledge on our “Best Health Insurance For Motor Racings“.
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Factors Impacting Life Insurance for Motorcycle Riders
Life insurance motorcycle is calculated much the same way as for anyone else. The main factors looked at are age, health, and driving record and can affect your rates and what type of coverage you are offered. However, riding a motorcycle will not limit your choices on the type of life insurance you can get.
Life insurance rates are lower the younger you are because you are less likely to need your policy. The older you get, the higher the risk for the insurance company. What is the most recommended life insurance? Depending on your stage of life, either term or whole life insurance might be your best fit.
Discover more on our comprehensive guide on “No-Medical-Exam Life Insurance“.
Your overall health can also have a huge impact on life insurance rates for motorcycle riders. Conditions such as smoking, diabetes, and heart issues can all cause your rates to skyrocket. If you have certain risk factors, you might consider a no medical exam policy. The rates are generally a little more expensive, but you can get the coverage you might otherwise be denied.
It might surprise you to learn that your driving record can affect your motorcycle life insurance. Drivers who speed, have a DUI, or get ticketed for not obeying helmet laws will be seen as risky drivers and pay higher rates. There are many different life insurance companies for motorcycle riders that will look at factors differently. Shop around to find the most affordable life insurance for you no matter your situation.
Obtaining an Online Quote for Motorcycle Riders
In today’s digital age, obtaining a life insurance quote online for motorcycle riders has never been easier. Many insurance providers offer convenient online platforms where riders can quickly and efficiently obtain personalized quotes based on their unique needs and circumstances. Here’s a step-by-step guide on how to navigate the process:
- Visit the provider’s website. Start by visiting the websites of reputable insurance companies that offer coverage for motorcycle riders.
- Enter your information. Provide basic personal details such as age, gender, location, and riding history, along with information about your motorcycle.
- Select coverage Options. Choose your desired coverage options, whether it’s minimum coverage required by law or more comprehensive packages.
- Review and customize. Take the time to review the coverage details and customize your policy to meet your needs and budget.
- Generate your quote. Once satisfied with your selections, proceed to generate your online quote.
- Evaluate additional options. Explore any additional coverage options offered, such as rider-specific endorsements or roadside assistance.
- Contact the provider. If you have questions or need clarification, reach out to the insurance provider directly for assistance.
By following these steps, motorcycle riders can easily obtain personalized online quotes for life insurance, empowering them to make informed decisions about protecting their financial security on the road.
With the convenience of online quotes, riders can explore various coverage options, compare rates from multiple providers, and ultimately secure the peace of mind knowing that they and their loved ones are financially protected in the event of unforeseen circumstances.
Case Studies: Best Life Insurance for Motorcycle Riders
In this section, we present case studies that exemplify different scenarios of life insurance for motorcycle riders. These case studies highlight the diverse options available, tailored to meet the specific needs of riders, from comprehensive coverage to budget-friendly premiums.
- Case Study #1 – Affordable Premiums for Budget-Conscious Riders: Sarah sought life insurance coverage without breaking the bank. USAA offered competitive rates tailored to her budget, allowing her to secure financial protection for her family at an affordable price.
- Case Study #2 – Rider-Specific Coverage Addressing Unique Needs: Mike, a motorcycle racer, required specialized coverage for the unique risks associated with his hobby. Nationwide’s rider-focused insurance policies provided customized coverage, ensuring his safety on the track and on the road.
- Case Study #3 – Family Protection with Comprehensive Benefits: Lisa prioritized comprehensive life insurance coverage to safeguard her family’s future. MassMutual’s long-term care policy ensured financial protection and necessary care in unforeseen circumstances, providing her with peace of mind and security.
These case studies illustrate the importance of choosing the right life insurance coverage tailored to the unique needs of motorcycle riders. Whether you’re a casual rider, a racer, or a parent, there are options available to provide you with the peace of mind and financial security you deserve on the open road.
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Bottom Line: Life Insurance for Motorcycle Riders
Obtaining a life insurance quote tailored to motorcycle riders is now more accessible than ever, thanks to the convenience of online platforms offered by reputable insurance providers. By following the simple steps outlined above, riders can swiftly obtain personalized quotes that align with their unique needs and preferences.
With the ability to compare coverage options, customize policies, and evaluate additional benefits, motorcycle enthusiasts can confidently secure financial protection for themselves and their loved ones.
Michelle Robbins Licensed Insurance Agent
Whether opting for minimum coverage or comprehensive packages, the peace of mind that comes from knowing they’re prepared for the unexpected on the open road is invaluable. Embracing the power of online quotes empowers riders to make informed decisions and safeguard their financial security while pursuing their passion for motorcycles.
Safeguard your family’s future while saving on coverage — enter your ZIP code below to compare life insurance quotes with our free tool today.
Frequently Asked Questions
Is life insurance for motorcycle riders more expensive?
Riding a motorcycle itself doesn’t significantly impact life insurance rates. Factors like riding habits, such as racing, may affect life insurance motorcycle racers rates. Casual riders may not experience rate increases. Consider exploring various life insurance companies for motorcycle riders to find affordable options.
How much is life insurance for motorcycle riders?
Life insurance rates for motorcycle riders vary based on coverage levels. For minimum coverage, State Farm offers the lowest at $20 per month, while for full coverage, State Farm remains affordable at $100 per month. Explore options from the best insurance companies like USAA and Prudential, ranging from $25 to $150 per month.
What affects your life insurance as a motorcycle rider?
Age, health, and driving record are crucial factors. Life insurance rates depend on individual risk factors, including the type of motorcycle use. Conditions like smoking or a history of accidents can impact rates. Shop around for the best life insurance for motorcycle riders based on your situation.
Stop overspending on life insurance. Use our tool below to compare rates from top providers near you.
How is motorcycle life insurance calculated?
Motorcycle life insurance considers age, health, and driving record. Younger riders generally have lower rates. Factors like smoking, diabetes, or a risky driving record may increase rates. Explore both term and whole life insurance options based on your stage of life.
What are some case studies for life insurance for motorcycle riders?
Case studies highlight scenarios like comprehensive coverage for risk mitigation, affordable premiums for budget-conscious riders, rider-specific coverage addressing unique needs, and family protection with comprehensive benefits. These examples showcase the tailored options available for motorcycle enthusiasts.
Explore more on our “How does the insurance company determine my premium?“.
Can I insure a motorbike?
Although the majority of motor vehicle insurance companies readily provide coverage for motorcycles, there are distinct variations in how bikes are insured compared to cars. Similar to certain car insurance policies, motorbike insurance policies may include clauses regarding specific times of the day.
What is the no claims bonus on motorcycle insurance?
The No Claims Bonus (NCB) rewards safe riders with our most competitive rates. For each consecutive year you maintain insurance without any claims deemed your responsibility, you could qualify for a discount on your premium. The longer you go without making a claim, the greater the discount you may enjoy.
What does insurance do in motorcycle?
Motorcycle collision insurance safeguards your bike against damage in the event of a collision with another vehicle. Your insurer covers the costs of repairs or replacement typically up to the pre-loss book value of your motorcycle, minus any deductible you’ve agreed upon.
Discover more insights on our comprehensive guide on our “Collision Car Insurance“.
What is TPL insurance for motorcycle?
TPL is mandatory third-party liability insurance that provides coverage for any harm or loss incurred by third-party individuals, property, or vehicles resulting from accidents involving bodily injury or death while your motorcycle is in operation.
If you’re looking for affordable life insurance premiums, try our comparison tool below and find the cheapest coverage that fits your needs.
Is motorcycle accident covered by insurance?
Motorcycle collision coverage insures the motorcycle itself in case of a collision with another vehicle or object, regardless of fault. Instances where motorcycle collision coverage proves beneficial include: Colliding with objects such as fire hydrants, road signs, trees, etc.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
