Which is the best Indiana Motorcycle Insurance? Motorcycle insurance doesn’t just fulfill a legal requirement – it also protects you as a rider and the bike in which you’ve invested time and money. We gathered quotes from across the state to identify the top Indiana Motorcycle Insurance providers to fit your needs.
Review: Indiana Motorcycle Insurance
Here is the list of some best motorcycle insurance in Indiana you can consider choosing:
For the majority of Indiana motorcycle riders, we recommend Nationwide. It boasts the lowest overall pricing, as well as above-average customer service with coverage alternatives.
In Indiana, the average cost of Nationwide motorcycle insurance is $442 per year. This is 23% less than the statewide average, representing a $136 discount. Nationwide, as a major home and vehicle insurer, also provides bundling savings for combining policies.
Nationwide also provides excellent customer service. It has a Complaint Index of 0.87 from the National Association of Insurance Commissioners (NAIC), which means it got 87% fewer complaints than the average insurer in relation to its size.
We believed Nationwide’s coverage selections were adequate but not exceptional. It includes OEM parts coverage and specialized equipment protection but excludes rental reimbursement coverage.
Geico’s coverage options are its one shortcoming. It lacks certain optional motorcycle safeguards that riders may desire, like carried contents coverage, coverage for OEM parts, and accident forgiveness. It does, however, include roadside assistance and accessory coverage.
Riders who value excellent customer service should consider Geico. It has the highest customer service ratings of any business we looked at, with an NAIC Complaint Index of 0.67. This means the company had 67% fewer complaints than you would expect given its size, indicating that consumers generally felt happy with the service they got.
Geico also provided competitive rates. Its average statewide price was $482 per year, which was only $40 more than what was considered the lowest choice. This is $95 less than the average price we discovered across all insurers.
Riders with high-end motorcycles or who use their bikes for touring may discover the additional coverages they require at Progressive. It featured the most comprehensive coverage options we found throughout the state, including coverage for bespoke components and guaranteed OEM parts replacement, accessories, and carried contents coverage.
Progressive became the only insurer we looked at that included trip interruption coverage, which pays you for expenditures such as housing if you are in an accident while on a long-distance trip.
Progressive provides excellent customer service. When adjusted for size, their NAIC Complaint Index was 0.72, indicating that people filed claims 72% more frequently than a normal insurer.
Progressive’s prices were somewhat better than average – $536 each year, or $41 less than the average statewide price. Insurance consumers seeking the very best deal should look elsewhere, however, you may be able to save money by bundling with house or vehicle coverage.
Indiana Motorcycle Insurance with the highest ratings
Having a motorbike insurer you can rely on is just as crucial as getting a good bargain on insurance. Based on their NAIC Complaint Index & AM Best Financial Strength Rating, we were especially pleased with Geico and Progressive’s service in Indiana.
The NAIC classifies automobile and motorbike insurance as a single industry. This means that the scores are calculated based on each company’s total motorcycle and automobile premiums.
The NAIC Complaint Index relates a company’s complaint volume to its market share. Lower values imply better performance, with 1.0 being the average. A corporation with a higher AM Best rating is more likely to pay out claims, especially in difficult economic times.
Indiana Motorcycle Insurancerates vary by city
Motorcycle insurance prices vary based on where you live. If you live in an area where motorcycle theft is common, or if the roads near you are in bad condition, you may have to spend more for insurance than you’d have to otherwise.
Motorcycle insurance regulations in Indiana
In Indiana, motorcycle insurance policies must have at least a specific amount of coverage, involving liability protection for both personal injury and property damage. The following are the bare minimums:
- Liability for bodily harm (per person)$25,000
- $50,000 in bodily injury liability (per accident).
- Liability for property damage is $25,000
In Indiana, how much insurance coverage is required?
Riders in Indiana must have at least a liability-only policy with coverage levels of 25/20/25. When buying motorbike insurance in the state, make sure it has a bodily injury coverage maximum of at least $25,000 for each person, $50,000 per accident, and $25,000 for the property damage coverage limit. The minimum liability coverage limitations in Indiana represent what your insurance will pay if you are at fault in an accident.
FAQs About Indiana Motorcycle Insurance
Motorcycle insurance protects your motorcycle from harm caused by on- and off-road occurrences. Some of the frequently asked questions when shopping for motorbike insurance in this state are:
Which firm offers the most affordable motorbike insurance in Indiana?
Dairyland is Indiana’s cheapest insurer for an entire coverage policy, with an average annual cost of $162. Meanwhile, Progressive is the most cost motorbike insurance carrier for a single liability-only policy, at $75 per year.
How much does motorbike insurance cost for the majority of Indiana riders?
For most riders in Indiana, the average cost of liability-only motorbike insurance is $107 per year, or about $9 per month.
In Indiana, do you need motorbike insurance?
Motorcycle insurance is a legal requirement in Indiana.
Conclusion: So above is the Indiana Motorcycle Insurance ( Review 2023) article. Hopefully with this article you can help you in life, always follow and read our good articles on the website: BIRA.INFO