Keys to getting the lowest cost motorcycle insurance
Here are several ways to lower motorcycle insurance costs and still ride with peace of mind:
1. Complete a motorcycle safety course
Whether you're a new rider or have years of experience, Progressive and many other insurers offer savings on your policy for completing a motorcycle safety program. Check with your state's Department of Motor Vehicles for a list of approved safety courses.
2. Maximize all available discounts
Progressive is the country's No. #1 motorcycle insurer for many reasons, including our several discounts that help our riders save. We offer motorcycle insurance discounts for everything from quoting in advance to paying your policy on time and in full.
3. Customize your coverages to your bike and situation
Select only the motorcycle insurance coverages and limits you need. If you have paid your bike off, it's worth less than a few thousand dollars, or you ride a cheaper scooter or moped, it may not be worth paying for physical damage coverage. If you pass on motorcycle comprehensive coverage or motorcycle collision coverage, make sure you can afford the cost of repairing or replacing your bike if it has sustained damage in an accident.
4. Increase your deductible
You can lower the cost of your motorcycle insurance policy by increasing your deductible for comprehensive and collision coverage, assuming you're willing to pay more out of pocket if you have a claim.
5. Combine policies
Progressive and other insurers offer a multi-policy discount when you bundle motorcycle insurance with other types of policies, including auto, renters, condo, boat, and RV insurance.
6. Keep your policy current
Remove any riders listed on your motorcycle policy that no longer drive your bike. Make sure to update your address if you've moved — your cost for motorcycle insurance may change with your ZIP code.
7. Avoid motorcycles with modified engines
Adding a turbo and nitrous oxide kit or modifying your bike's engine can make your bike riskier and could increase the cost of your motorcycle insurance.
8. Pick an insurer offering accident forgiveness
At Progressive, we won't increase your rate if you have an accident claim for less than $500. If you stay with us for four years and ride accident-free, we won't increase your motorcycle insurance rate for your first accident over $500. Learn more about accident forgiveness at Progressive.
9. Choose a vanishing deductible option
If you join Progressive, we'll subtract 25% from your deductible for every policy term that you don't file a claim with our "disappearing deductibles" feature. For example, if your deductible on collision insurance is $1,000 and you haven't filed a claim by your next renewal, Progressive takes your deductible down to $750. And we won't stop there. If you keep riding accident-free, you could lower your deductible to $0.
Keep in mind that adding our disappearing deductible feature will increase the cost of your policy but could save you money if you have an accident down the road.