The best motorcycle insurance in Michigan is different for each person and depends on things like where they live, their credit score, and the type of coverage they need. MoneyGeek analyzed coverage options, costs and discounts to help you find the best motorcycle insurance in Michigan. Comparing quotes from multiple providers can help you find the cheapest motorcycle insurance in Michigan.
Michigan boasts beautiful riding roads along the Great Lakes and throughout the Lower Peninsula With temperate summers, you can enjoy scenic rides all season long But keeping your bike legally insured is mandatory in Michigan.
At Midwest Motorcycle Insurance, we want to help all Michigan riders find affordable coverage. In this comprehensive guide, we’ll explain everything you need to know about motorcycle insurance requirements in the Mitten State. You’ll also learn:
- How motorcycle insurance works in Michigan
- What coverages you need
- Tips for getting the lowest rates
- The cheapest insurers for Michigan motorcycle insurance
Let’s hit the open road and explore how to secure the best motorcycle insurance rates in Michigan!
Michigan Motorcycle Insurance Requirements
To legally operate any motorcycle, moped, or other bike in Michigan, you must carry this minimum insurance coverage:
- $20,000 bodily injury liability per person
- $40,000 bodily injury liability per accident
- $10,000 property damage liability
- $20,000 per person in personal injury protection (PIP)
Liability coverage protects you by paying for injuries or damage you cause to others while riding PIP covers medical expenses for you and your passengers,
You’ll also need to carry proof of insurance while riding. The minimum requirements are non-negotiable. Riding uninsured can lead to fines, license suspension, and impounded bikes.
Factors That Determine Your Michigan Motorcycle Insurance Rates
Insurance companies set your premium based on the risk they think you pose while riding. Factors that raise or lower rates in Michigan include:
Rider Profile – age, riding experience, license status, driving record
Bike Info – make, model, year, engine size, anti-theft devices
Coverage Limits – higher liability limits cost more but provide more protection
Deductibles – higher deductibles reduce rates but you pay more out-of-pocket
Discounts – insurers offer discounts to lower premiums
Let’s explore the biggest ways to keep motorcycle insurance affordable in Michigan.
Top 5 Tips to Get the Cheapest Michigan Motorcycle Insurance
At Midwest Motorcycle Insurance, our mission is helping all riders secure the best deal on coverage. Here are our top five tips for low rates in Michigan:
1. Take a Motorcycle Safety Course – Rider training earns you discounts up to 30% on some policies. These skills-based courses make you a safer rider too.
2. Increase Deductibles – By choosing higher deductibles, you can reduce premiums substantially. Just be sure you have savings to cover the out-of-pocket costs if you file a claim.
3. Ask About Discounts – Michigan insurers offer discounts to veterans, students, affinity group members, loyalty program members, and more. Ask to see if any apply to your policy.
4. Limit Coverage – Consider dropping collision or comprehensive coverage if you have an older bike. Or choose lower liability limits. But make sure you still meet state minimums.
5. Compare Quotes – Rates vary dramatically between insurers for the same coverage. Get multiple quotes to find the lowest price on motorcycle insurance in Michigan.
Following these tips can help you secure major savings on Michigan motorcycle insurance rates. Now let’s look at the cheapest insurers.
The Cheapest Michigan Motorcycle Insurance Companies
While every rider’s situation is different, these three insurers consistently offer some of the lowest average rates in Michigan:
Progressive – discounts for rider training, loyalty, paying annually; usage-based program
Geico – extensive discount offerings including anti-theft devices and defensive driving
State Farm – multiline discounts when bundling policies; rider training discounts
However, we always recommend comparing at least five to six insurers to find the best deal based on your individual risk profile. Quotes are free, so shop around!
Work With a Local Michigan Motorcycle Insurance Agent
To make finding the most affordable motorcycle insurance easier, partner with an independent local agent. The agents at Midwest Motorcycle Insurance offer:
- Quotes from multiple top Michigan motorcycle insurers
- Policy reviews to optimize coverage and premium
- Ongoing support if you need to file a claim
- Help finding discounts to lower your rates
- Assistance with choosing deductibles, limits, and add-ons
Don’t waste time shopping insurer to insurer on your own. Our motorcycle insurance experts do the legwork for you! Contact us today to start exploring your coverage options:
- Call (123) 456-7890
- Visit midwestmotorcycleinsurance.com
- Email [email protected]
Ride on into savings by getting a personalized Michigan motorcycle insurance quote with Midwest Motorcycle Insurance! We look forward to helping you gear up for the road ahead.
Cheapest Full Coverage Motorcycle Insurance Quotes in Michigan
Money Geek tells Michigan motorcycle riders to get a full coverage policy because it covers everything and can better protect their assets.
The companies that offer the cheapest motorcycle insurance in Michigan for a good rider with full coverage (50/100/25 coverage) and a $500 deductible were found by MoneyGeek to be:
- Progressive: $376 per year
- GEICO: $379 per year
The cheapest carrier, Progressive, has rates that are 41.6% lower than the costliest company, Markel.
If you’re still making payments on your motorcycle, you’ll likely need full coverage insurance.
Ensure youre getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.Your ZIP
What Is the Average Motorcycle Insurance Cost in Michigan ?
Motorcycle insurance rates in Michigan depend on a number of things, such as the type of motorcycle, the rider’s age, riding record, and number of years of experience. MoneyGeek collected motorcycle insurance quotes from several providers offering coverage in Michigan.
It costs about $38 a month to get full coverage motorcycle insurance in Michigan, which is $456 a year on average. Full coverage motorcycle insurance in Michigan costs $92, which is more than the national average of $364.
For a liability-only policy, Michigan riders typically pay around $186 annually, or about $16 per month. This is $45 more than the national average.
In the event that you are found to be at fault in an accident, this type of insurance does not cover your motorcycle or your injuries.
The policy limits used to find the averages in Michigan were $50,000/$100,000 for bodily injury liability, $25,000 for property damage liability, a $500 deductible, and $10,000 for personal injury protection (PIP).
Ensure youre getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.widget-location-pin
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FAQ
Who has the cheapest motorcycle insurance in Michigan?
Who offers the cheapest motorcycle insurance?
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Cheap Motorcycle Insurance Provider
|
Average Annual Minimum Coverage Rate
|
Average Monthly Minimum Coverage Rate
|
|
1. Geico
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$141
|
$12
|
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2. Allstate
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$157
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$13
|
|
3. Progressive
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$160
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$13
|
|
4. Dairyland
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$166
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$14
|
What is the cheapest style of motorcycle to insure?