Best Motorcycle Insurance in Florida

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The sunshine state is arguably one of the best places to own a motorcycle. (In fact, only California has more registered riders.) While there’s nothing like the feeling of the sunshine on your back and the wind in your face, buying the right insurance can be tricky — especially since the state doesn’t have minimum insurance requirements. I clicked my way through 20 quotes which all fell somewhere between $35 and $1,547 (the state average is $682) — some of my policies differed by over $200 for the exact same policy with the same bike. The bottom line is this: The only way to be sure you are getting the best coverage and a competitive rate is to get quotes for yourself. Use the tool below to get started.

Find the Best Motorcycle Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

The Best Motorcycle Insurance Companies in Florida

Motorcycle Insurance Company Best For…
Progressive Best Overall
Esurance Older Bikes
Markel State-Minimum Coverage

When I began my search for the best motorcycle insurance in Florida, I started with a list of eight companies that satisfied The Simple Dollar’s financial stability and coverage requirements (as seen in the national motorcycle insurance review). From there I found out that only five of those companies wrote policies in Florida directly (I would have been required to use unreliable independent agents to get quotes and coverage for the other three). Next I went hands-on and started getting quotes.

For comparison purposes, I decided to get quotes for seriously basic coverage and for my recommended coverage with two different motorcycles. The first bike I used was a 2013 Honda Shadow Phantom ($5,000), which is your tried-and-true cruiser. The second bike was a more prestigious (and retirement-worthy) 2017 Harley-Davidson Street Glide ($21,000).

My evaluation focused heavily on cost, but other factors (such as each company’s available discounts, quote ease and accessibility, claims process, and line of coverage options) were considered as well.

When the dust settled, Progressive came out on top as the overall best and cheapest option. Esurance stood out as the best choice for older bikes, and Markel’s premiums for minimum coverage ran the cheapest.

Here’s how my quotes stacked up:

My Annual Premiums for Minimum Coverage (10/20/10)

Motorcycle Insurance Provider Bike 1:
2013 Honda Shadow Phantom
Bike 2:
2017 Harley-Davidson Street Glide
Progressive $70 $93
Esurance $70 $111
Markel $35 $66*
GEICO $99 $99
Dairyland $90 $97

*Markel’s quote tool didn’t allow me to get a quote for a 2017 Harley-Davidson Street Glide, instead I substituted the 2016 version of the same motorcycle.  

My Annual Premiums for Upgraded Coverage (50/100/25)

Motorcycle Insurance Provider Bike 1:
2013 Honda Shadow Phantom
Bike 2:
2017 Harley-Davidson Street Glide
Progressive $336 $1,413
Esurance $392 $1,732
Markel $436 $785*
GEICO $546 $1,498
Dairyland $570 $1,547

*Markel’s quote tool didn’t allow me to get a quote for a 2017 Harley-Davidson Street Glide, instead I substituted the 2016 version of the same motorcycle.  

Florida Motorcycle Insurance Reviews

Progressive: Best Overall

Progressive clearly stands out as the superior company. Not only was it the overall cheapest option, it scored the highest in my evaluation with 118 points out of a possible 130 (Esurance holds the next closest score at 105 points). One helpful feature that Progressive offers that Markel doesn’t is a mobile app to submit a claim, vastly simplifying the process. Progressive also gets a leg up on the competition due to its quality customer service – J.D. Power gave Progressive 4 stars (a “better than most” grade) for its interaction with customers while Esurance only got 2 stars.

When it comes to pricing, Progressive wasn’t the cheapest in every category, but when you put all the data from all the quotes together, the company emerges as the overall cheapest option. For the older Honda, Progressive tied for the second cheapest premium cost a year for bare-bones coverage, but it was considerably undercut by Markel. For my recommended coverage, however, it came out on top. Both State-Minimum coverage and the upgraded coverage would cost the least through Progressive for my 2017 Harley (Markel’s quotes weren’t included since they were only available for the 2016 model).

While Markel could be your cheapest option for minimum coverage, Progressive’s website, coverage options, and discount offerings are far superior. Progressive is not only a quality company, my research suggests that it’s likely to be your cheapest option – or at least very competitive. In sum, I would start with Progressive when you apply for quotes.

Esurance: Best for Older Bikes

Esurance doesn’t shine quite as bright as Progressive, but it’s still a quality company. In fact, it got second place in my overall evaluation — primarily thanks to its error-free billing with easy-to-understand statements. J.D. Power ranks Esurance “among the best” in this category with 4 stars while Progressive only earned an average 3-star rating. As the name implies, Esurance quotes and sells its policies (and does almost everything else) over the internet, so I was glad to find that its online quote tool was among the easiest I used, and far better than Markel’s.

When it comes to pricing, Esurance’s rates were super competitive for the older Honda. For state-minimum coverage it tied Progressive for the second cheapest price at only $70 a year, and it’s quote of $392 a year for my recommended coverage wasn’t too far behind Progressive’s quote of $336. However, Esurance wanted to charge me several arms and multiple legs to insure my brand new Harley. The company ranked dead last in pricing for both the state-minimum coverage and the upgraded coverage.

One drawback to choosing Esurance is that it doesn’t cover custom motorcycles. Also, the online-only nature of the company eliminates personal agents. So if you don’t ride a heavily-customized chopper and you don’t mind doing all your insurance business online, Esurance could be the company for you – unless you are planning on snatching up the shiniest 2018 Harley you can find, that is.

Markel: Best for State-Minimum Coverage

Markel is different. It’s not a traditional insurer since it doesn’t offer home or car insurance. Instead, it operates in several niche markets, including motorcycle insurance. While that’s not necessarily a bad thing, it does mean that you won’t be able to get a “multi-line” discount for bundling your coverages.

Markel is really, really cheap for minimum insurance – especially for the older Honda. For the price of two movie tickets I could get it insured for the entire year. While Markel wasn’t quite as competitive as Progressive and Esurance for upgraded coverage, it still wasn’t too terrible, coming in at $100 more a year than Progressive’s quote.

When I went to get a quote for my brand new Harley, I ran into a problem – Markel wouldn’t let me get a quote for a 2017 Harley–Davidson Street Glide. What I decided to do is get a quote for the 2016 model for the sake of comparison. For state-minimum coverage, Markel’s quote for a 2017 Harley shouldn’t be much different. However, since my upgraded coverage includes comprehensive and collision insurance, there could be a substantial jump in price for that quote.

If you like handy mobile apps, and sleek, modern websites. Markel is not the company for you. The company also neglects several common discounts such as the “paid-in-full” discount where you get a break on your premium if you pay all of it up front.

The bottom line is this: if you just want the cheapest coverage you can get your hands on, and don’t really care about mobile apps and quality websites, Markel could be the right choice for you.

Find the Best Motorcycle Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

How much coverage do I need in Florida?

The State Minimum

Since, strictly speaking, motorcycle riders aren’t actually required to carry liability insurance in Florida, I used the state-minimum liability requirements for auto insurance in getting my quotes. All of the online-quote tools I used also shared the same minimum liability limits: $10,000 for injuries per person, $20,000 for injuries per accident, and $10,000 for property damage (10/20/10).

While you don’t have to carry liability insurance, you can face strict penalties should you get in an accident without it including the loss of your motorcycle license. At the end of the day, you shouldn’t ever consider riding a motorcycle without at least liability insurance – especially since most people can purchase a whole year of liability insurance for under $100.

My Recommended Coverage

While getting a cheap liability-only policy (or skipping it altogether) might seem to make some sense in the short-term, it’s almost certainly not a wise financial decision in the long run. That’s why I recommend purchasing liability insurance with limits of $50,000 per person for injuries, $100,000 per accident for injuries, and $25,000 for property damage (50/100/25). I also included collision and comprehensive with $500 deductibles in my quotes. Another important coverage I opted for was uninsured/underinsured motorist coverage in the amounts of $50,000 per person and $100,000 per accident for personal injury.

While the upgraded liability insurance isn’t going to cause your premium to bump up too high, the main reason for the $300 difference with my Honda premiums is uninsured and underinsured motorist coverage. For my Harley, adding comprehensive also really increased my rates as well (to the tune of $500).

Here’s the wisdom behind purchasing upgraded coverage:

Liability Insurance

If you went with my minimum coverage, your insurance would pay up to $10,000 for an injury that you caused someone. Since the average cost of a non-incapacitating wreck is $24,000 (and that was back in 2013), you could be stuck footing a bill to the tune of $14,000. Since increasing your liability limits doesn’t usually increase your yearly cost that much (my policy only increased $63 a year), it makes a good deal of sense to opt for upgraded coverage.

Uninsured & Underinsured Motorist Coverage

Between 2004 and 2013, 467 motorcycle riders were killed in the state of Florida. Now imagine how many more were seriously injured in that same time frame. And the average cost of a total or partial disabling injury was $74,900 in 2013. So if you are incapacitated by someone without insurance (or even just the minimum liability limit of $10,000 for automobile drivers), you could be facing medical bills that ranged into the $65,000 range and beyond.

Since the chances of facing serious injury are obviously increased in accidents where a car strikes a motorcycle (as opposed to an accident between two cars), I highly recommend investing in uninsured and underinsured motorist coverage.

Collision & Comprehensive

If you own an older bike that’s parked in your garage at night, and you just take it out for an occasional weekend cruise, than you might not need to be as concerned about collision and comprehensive insurance. However, if you own a newer, high-powered hog, you should know that Florida ranks number two in the country for motorcycle theft. If your bike is parked outside at your apartment, or if it’s your primary means of transportation, investing in collision and comprehensive might be a good option for you.

The Bottom Line

Whether you are cruising up and down the beach-side highways, or beating the big-city traffic, there’s nothing like experiencing the sunshine state from the back of motorcycle. You can enjoy the ride all the more if you are confident that you have the right coverage, and if you know that you aren’t overpaying either. So pull out your laptop and get to work. After all, the only way to be sure you are getting the best motorcycle insurance in Florida is to get multiple quotes from quality companies.

Find the Best Motorcycle Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.