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Motorcycle Insurance in Delaware: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in Delaware
Full coverage is more expensive but offers greater protection from unforeseen events. If you opt for the cheaper liability-only coverage, you may not get an adequate financial shield from accidents and non-collision incidents such as theft, fire or vandalism. Full coverage with collision and comprehensive insurance offers higher liability limits and will protect you and your bike in an at-fault accident. For this research, MoneyGeek used quotes for a good rider with 50/100/25 liability-only coverage.
Cheapest Liability-Only Motorcycle Insurance Quotes in Delaware
On average, the most affordable firms for a good rider with liability-only motorcycle insurance in Delaware are:
- Markel: $75 per year
- Harley-Davidson: $147 per year
The least expensive provider, Markel, has average rates that are 80.2% less than the costliest carrier, Progressive.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Markel$75
- 2.Harley-Davidson$147
- 3.Dairyland$242
- 4.GEICO$294
- 5.Nationwide$307
Cheapest Full Coverage Motorcycle Insurance Quotes in Delaware
MoneyGeek recommends that riders buy full coverage motorcycle insurance in Delaware to safeguard against damages due to collisions with vehicles or structures. This coverage will pay for your medical treatment and bike repair costs even if you are at fault.
The least expensive motorcycle insurance providers in Delaware for a good biker with a full coverage policy, including 50/100/25 coverage and a $500 deductible, are:
- Harley-Davidson: $247 per year
- Markel: $296 per year
The cheapest carrier, Harley-Davidson, offers average rates 71.1% lower than the most expensive company, Nationwide. Riders who are still making payments for their motorcycle will likely need full coverage.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.Harley-Davidson$247
- 2.Markel$296
- 3.Dairyland$337
- 4.GEICO$496
- 5.Progressive$569
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What Is the Average Motorcycle Insurance Cost in Delaware?
The average cost of motorcycle insurance in Delaware depends on the rider’s age, years of riding experience, riding record, motorcycle model and coverage amounts. MoneyGeek collected average rates from motorcycle insurers in the state for varying rider profiles.
The average rate of a full coverage policy in Delaware is $466 per year or about $39 per month. This price is $103 more than the national average.
For liability-only coverage in Delaware, you need to shell out an average of $241 per year or around $20 a month, which is $99 higher than the national average. This coverage level will not pay for your injuries or bike repair expenses if you’re at fault.
The quotes indicated in this data are average rates for a policy with $50,000/$100,000 of bodily injury liability coverage, $25,000 in property damage liability insurance and a $500 deductible.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in DelawareAverage 12-Month National CostVariance
- Full Coverage$466$364$103
- Liability Only$241$141$99
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The Best Motorcycle Insurance Companies in Delaware
MoneyGeek ranked the top motorcycle insurance providers in Delaware based on financial stability, affordability and products and services presented by each company. Our study recognizes Harley-Davidson as the highest-scoring company in the state.
According to MoneyGeek’s study, the following three are the best motorcycle insurance firms in Delaware:
1
Harley-Davidson
Score:96
Pros
- Several loyalty discounts and rewards plans
- 24/7 online and phone claims filing
- Coverage offered for specific motorcycle types
Cons
- Can be costlier than competitors
- No mobile app
- Cannot be bundled with auto insurance
More About Harley-Davidson
Harley-Davidson is the top option in Delaware, with a score of 96.18 out of 100. For full coverage, it charges $247 per year on average, while for liability-only coverage, you need to pay an average annual cost of $147.
Harley-Davidson stands out for its range of coverage options for various types of bikes, including autocycles. Loyal customers and policyholders who want to include a new bike in their policy can qualify for discounts. Rebates are available to those who buy add-on products such as planned maintenance. Harley-Davidson’s rental reimbursement program will pay for the cost of a rented vehicle if your bike becomes undrivable after an accident. The optional equipment coverage feature will protect modifications to your motorcycle and includes even non-factory standard equipment on your bike.
2
Markel
Score:93
Pros
- 24/7 claims support
- Array of discounts
- Online claims filing and payment
Cons
- Limited tech features for policyholders
- Cannot bundle bike and auto insurance
- Not available in all states
More About Markel
Markel takes second place in Delaware, with a score of 93.03 out of 100. This company’s liability-only coverage costs an average of $75 per year. Its full coverage rates are $296 per year on average.
For a small incremental cost, you can add extra protection to your Markel policy. By paying $25 per year per unit, you can get trip interruption coverage and roadside assistance. For an extra $50, you can include household and non-commercial vehicles and all passengers in the national roadside help plan. Markel’s rental reimbursement feature will pay for rental costs if your bike becomes unusable for more than a day due to a covered accident. A 10% transfer discount is available for those who switch to Markel from another insurer. Safe drivers can get significant discounts.
3
Dairyland
Score:89
Pros
- 24/7 phone claims services
- Low down payment charges
- Accepts high-risk riders
Cons
- Coverages and discounts may not be available in all places
- No online claims reporting feature
- Liability insurance isn’t the cheapest offered in the state
More About Dairyland
Dairyland wins third place in Delaware, with a score of 88.62 out of 100. Its average annual price for full coverage is $337, and its average yearly cost for a liability-only policy is $242.
Dairyland offers coverage for all types of branded bikes as well as scooters and mopeds. Its packages cover vintage motorcycles, trikes, custom bikes and accessories. Standard coverages include property damage, uninsured motorist bodily injury, trip interruption coverage and bodily injury liability. Dairyland provides a range of discounts, including for those who take rider safety lessons, are loyal customers and own multiple bikes.
How to Get a Motorcycle Insurance Quote in Delaware
It’s ideal to shop around and compare prices from several providers to find the cheapest motorcycle insurance in Delaware. You can effortlessly get an online quote by offering the following information:
- Your birthdate
- Vehicle year, make and model
- Riding record
- ZIP code and Delaware address
- Insurance coverage elections (see below for more details)
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
How Much Motorcycle Insurance Coverage Do You Need in Delaware?
Delaware law stipulates that all motorcycle riders should have minimum coverage. The state’s minimum coverage requirements include:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $10,000 property damage liability
- Personal injury protection (PIP)
How Much Insurance Coverage Is Required in Delaware?
The minimum coverage requirement for all motor vehicles in Delaware is 25/50/10. This means your motorcycle insurance in Delaware should have liability limits of at least $25,000 for bodily injury per person, with a total of $50,000 per accident and $10,000 for property damage liability coverage. Your insurer will need to meet these coverage limits and pay for damages in an at-fault accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Delaware?
Delaware mandates that motorcycle riders should have bodily injury, property damage and PIP (personal injury protection) coverage. However, underinsured motorist and uninsured motorist coverages are not compulsory. You can buy these for extra protection based on your requirements.
MONEYGEEK EXPERT TIP
Bikers in Delaware should ideally have 50/100/25 coverage, which they can easily increase to 100/300/100 for just a small incremental cost.
Frequently Asked Questions About Motorcycle Insurance in Delaware
MoneyGeek answers frequently asked questions about providers, average rates and coverages to help riders find the best motorcycle insurance in Delaware.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
To help riders find the best policy, MoneyGeek collected rates directly from insurers based on different coverage amounts and rider profiles. We ranked the top motorcycle insurance providers in the state based on three factors: policy cost (60% weighting), products and services offered (30% weighting) and AM Best’s financial stability metrics (10%). Our information is updated and accurate as we gathered insurance coverage requirements in Delaware from reliable government websites.
About Mark Fitzpatrick
sources
- Delaware.gov. "The Instant Insurance Guide: Auto." Accessed May 12, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 12, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 12, 2021.