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Best Motorcycle Insurance in Arizona
While the state average is $673 a year, your premium cost can be all over the board (our quotes ranged from $51 to $1,156). For example: After 18 quotes from six different companies I found that I could save over $500 a year for the exact same policy. Rates can vary drastically not only depending upon which company you choose; but many different factors as well (including age, driving record, and credit score). All that’s to say that if you want the best coverage at the lowest price, you will need to compare multiple quotes for yourself. Below you’ll find a handy tool to help you get started.
The Best Arizona Motorcycle Insurance
|Motorcycle Insurance Company||Best For…|
|Geico||Best for Experienced Riders|
I started my search by getting quotes from six standout companies uncovered in The Simple Dollar’s national review of the industry. I applied as myself: a 27 year-old married homeowner in Glendale. And because Arizona is the perfect place to enjoy seemingly endless open roads, I chose a well-suited a stallion: a 2013 Kawasaki Vulcan 900 Classic LT.
For the purpose of comparison, I got two different quotes with each company – one for the state-minimum coverage (15/30/10), and one for my recommended upgraded coverage (50/100/25 with uninsured/underinsured motorist coverage). I didn’t stop there, either. To see how big of a role age and experience played in each company’s premium, I got a third quote with the exact same information, except it was for my future 50 year-old self with 25 years of riding experience.
While my evaluation focused heavily on premium cost, I also considered numerous factors which boil down to four basic considerations: the quote process, available discounts, the claims process, and variety of coverage options.
After all was said and done, Progressive won the day. Not only did it score the highest on my evaluation of its customer service and other considerations (it scored 118 points out of a possible 130), it was also the cheapest option overall. Geico and Markel were the next two best options that both maintained a high standard of excellence and competitive pricing.
Here’s the breakdown of my quotes:
My Annual Premiums for State-Minimum Coverage (15/30/10)
|Motorcycle Insurance Provider||Price|
My Annual Premiums for Upgraded Coverage (50/100/25)
|Motorcycle Insurance Provider|| Profile 1:|
27 year-old with 7 years of riding experience
| Profile 2:|
50 year-old with 25 years of riding experience
Pennsylvania Motorcycle Insurance Reviews
Markel: Cheapest for State-Minimum
Unlike Progressive and Geico, Markel specializes in providing insurance for motorcycles, as well as a few other specific markets – it doesn’t offer insurance for typical cars and homes. This does mean that it’s online tools aren’t quite as numerous or sleek as the competition. While you can get quotes online, it’s not a seamless process (I had to fill out the same information several times when I encountered a glitch), and it doesn’t currently offer an app.
You should also be aware that Markel doesn’t have local agents, so if you plan on sitting down in your agent’s office at some point to discuss your options in greater detail, Geico might be a better choice for you.
If you are simply interested in paying the least amount of money possible for the state-minimum insurance, Markel could be your best option. It came in at just $72 a year for bare-bones coverage, and was the third cheapest for the recommended coverage for older and younger riders.
The bottom line is this: If you want to spend the smallest amount of money possible for the least amount of insurance that’s legal, get a quote from Markel.
How much coverage do I need in Arizona?
The State Minimum
Unlike a few other states (like Washington State), Motorcycle riders in Arizona are required to purchase insurance. However, the limits of the mandatory liability insurance aren’t too strict – only $15,000 per person and $30,000 per incident for personal injuries caused, and $10,000 for property damage. Usually these limits are written as “15/30/10.”
My Recommended Coverage
Since my recommended coverage costs about $600 more a year, you might already be counting the ways you could spend that money. I highly recommend you resist the urge to go that route. Here’s why: in 2011, the average cost of a non-incapacitating injury cost $22,700 – meaning that, after your insurance company paid out $15,000, you would still have to come up with $7,700 out of your own pocket. In my mind, that’s a clear cut reason to go with higher liability limits.
My recommended coverage is $50,000 per person and $100,000 per accident for personal injuries, and $25,000 for property damage. This is expressed as 50/100/25. I also highly recommend securing “uninsured motorist” and “underinsured motorist” coverage at $50,000 per person and $100,000 per accident. In my quotes, I also included comprehensive and collision in my recommended coverage.
The main cause of the $600 to $1,000 difference between the state-minimum and my recommended coverage is uninsured/underinsured motorist coverage. Think about it: insurance companies know the highest risk of a large payout comes into play when an uninsured or underinsured driver hits someone on a motorcycle. That’s also the exact situation in which you will most need to rely on your insurance coverage.
If you aren’t convinced yet, consider this statistic: 10.6 percent of drivers in Arizona are uninsured. While it might seem at first glance that the chance of the person that just hit you on your motorcycle being uninsured is 1 in 10, your odds may actually be higher. Drivers who are irresponsible enough to let their insurance policies expire, may also tend to be more irresponsible when driving and thus more likely to get in an accident.
Another factor to consider is that the minimum liability insurance that drivers must carry is only $15,000. Since the chances of a disabling injury for you are obviously much higher if you are on the back of a motorcycle (rather than an enclosed vehicle with airbags), and the average disabling injury costs $80,700, $15,000 might not be enough to pay your medical bills. That’s where “underinsured motorist” coverage comes into play – if you were to get in a disabling accident and racked up medical bills into the $75,000 range your insurance will make up the difference between the $75,000 and the $15,000 you get from the offender’s liability insurance.
At the end of the day, even if you are an experienced and careful rider, you can’t control other people’s actions. Most riders that have been on the road for more than a few months can share stories of “near-misses” that could have resulted in serious injury. To put it in perspective, a report by The National Department of Transportation establishes that 143 riders will killed between 2004 and 2013 in Arizona. Now think about how many more got seriously injured!
The bottom line is that, while saving a cool $600 a year sounds great, the risk of amassing tens of thousands of dollars in medical debt is too great for me to recommend state-minimum coverage as a financially sound decision.
Here’s a comparison of the line of coverages offered by my top three recommendations:
|Uninsured Motorist Coverage||✓||✓||✓|
|Guest Passenger Liability Coverage||✓||X||✓|
|Medical Payments Coverage||✓||✓||✓|
|Property Damage Liability Coverage||✓||✓||✓|
|Actual Agreed Value Coverage||✓||X||X|
|Custom Motorcycle Coverage||✓||✓||✓|