Best Motorcycle Insurance Companies: Progressive, State Farm, Geiko, Low Cost And Custom Motorcycle Insurance

Nobody said riding a motorcycle isn't the thrill of a lifetime, addictive as any drug, and an efficient way to get from point A to point B. But we have all heard time and time again how dangerous this mode of transportation can be. That's why it's important to secure reliable low cost motorcycle insurance that will provide for potential medical costs or property damage before hitting the open road.

Just like automobile insurers, motorcycle insurance companies determine a customer's rates based on several key factors: age, home and work address, driving record, and the value of the insured bike. Taking special motorcycle training from the DMV or some motorcycle insurance companies like American Modern Insurance reduces the risk of an operator losing control of the insured bike, and may thereby lower rates.

With all the motorcycle insurance companies to choose from, and monthly rates costing between a couple hundred a month to upwards of five and six hundred a month, it's important to find low cost motorcycle insurance that will pay off when the time comes. Webbikeworld.com provides a list of motorcycle insurance companies and brokers with trustworthy reputations, including Bikeline and Foremost Motorcycle Insurance.

Bikers who have invested sweat and savings into their bike to make it one of a kind, like Jesse James and the mechanics at Monster Garage, work a little harder for motorcycle insurance companies willing to work with them. Without a Blue Book value, custom motorcycles are difficult to register. Custom motorcycles are also more likely to be stolen and they are impossible to replace without completely rebuilding. Motorcycle insurance companies often require custom motorcycles be appraised, be inspected by the Department of Transportation, and undergo annual safety tests. Motorcycle insurance companies like Bros Club Cycle Services have custom cycle insurance applications and appraisal forms available on their website.

Mainstream insurance companies are an alternative to strictly motorcycle insurance companies. Offering competitive rates and excellent customer service, Progressive insurance is one of the most well-reputed home, automobile, and motorcycle insurance companies available. Progressive's low cost motorcycle insurance options include bodily injury and property damage liability, comprehensive and collision, and coverage for custom motorcycles. Discounts are available for Progressive insurance customers who are members of the Honda Rider's Club of America, or are homeowners, and for multiple bike policies.

State Farm Insurance is another well-known comprehensive insurance agency that has several advantages over smaller motorcycle insurance companies. State Farm has extremely high ratings for financial security and claims paying capability. Also, customers can insure their home, life, health, and vehicles all through one State Farm insurance agent, rather than having to consider the pros and cons of various independent motorcycle insurance companies.

Because each motorcycle and driver are different, shopping around for the ideal policy, coverage, and rates is imperative. Get as many quotes from well-known motorcycle insurance companies as possible before signing on with an agent. Don't over-insure, since motorcycle insurance companies only pay market value for a totaled bike, but get enough coverage to feel secure. The ride will be all the more enjoyable.


Sources:
Financial Strength Ratings. State Farm Insurance. 2006. State Farm Mutual Automobile Insurance Company. 27 June 2007. http://www.statefarm.com/insurance/auto_insurance/ ins_auto_rankings.asp.
How to Get Custom Motorcycle Insurance. Custom Choppers Guide. 2005-2006. 27 June 2007. http://www.custom-choppers-guide.com/custom-motorc ycle-insurance.html.
Modified Stock & Custom Cycle Insurance Application & Appraisal Form. Bros Club Cycle Services. 27 June 2007. http://www.brosclub.org/Insurance/CustomCycleApp.h tm.
"Monster Garage." Wikipedia. 11 May 2007. 27 June 2007. http://en.wikipedia.org/wiki/Monster_Garage.
Motorcycle Insurance. Skysmith. SkySmith, Inc and Scott Sky Smith. 27 June 2007. http://www.skysmith.com/motorcycle.htm.
Motorcycle Insurance. WebBikeWorld. 2001-2007. WebWorld International, LLC. 27 June 2007.
http://www.webbikeworld.com/motorcycle-insurance /.
Motorcycle Insurance and Coverage Options. Progressive. 1995-2007. Progressive Casualty Company. 27 June 2007. http://motorcycle.progressive.com/motorcycle_optio ns.aspx
Motorcycle/ATV Discounts. Progressive. 1995-2007. Progressive Casualty Insurance Company. 27 June 2007. http://motorcycle.progressive.com/discounts.aspx.< br />Motorcycle Statistics—What is Average Cost of Motorcycle Insurance? Insurance Salesman.com. 2004-2007. 27 June 2007. http://www.insurancesalesman.com/average-cost-moto rcycle-insurance.htm.
Sage, Bobbie. "How to Get the Best and Cheapest Motorcycle Insurance." About.com: Personal Insurance. 2007. About, Inc. 27 June 2007. http://personalinsure.about.com/od/rvmotorcycle/a/ aa061604a.htm.