Purchasing motorcycle insurance in Idaho helps you protect your bike from damage and theft. MoneyGeek analyzed the cheapest motorcycle insurance in Idaho for different coverage levels to ensure that you secure the best options in the state. The scoring system comprises factors like financial stability, affordability and the services and products offered. You can find the best motorcycle insurance in Idaho by reviewing MoneyGeek’s list of top insurers and comparing their average premiums.
Motorcycle Insurance in Idaho: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Idaho
Typically, the minimum liability coverage policy is the cheapest in Idaho for motorcycle riders. While you may pay less for this policy, it may not be the best option since it only covers bodily injury and property damage costs. Although the minimum liability policy is the most affordable option for motorcycle insurance in Idaho, it has lower limits and provides much less protection than comprehensive and collision coverage.
MoneyGeek used a sample rider with a 50/100/25 liability-only motorcycle insurance coverage and a good riding history to determine the costs for this study.
Cheapest Liability-Only Motorcycle Insurance Quotes in Idaho
According to MoneyGeek’s research, the cheapest companies for motorcycle insurance in Idaho are:
- Markel: $62 per year
- Progressive: $75 per year
Markel’s motorcycle insurance policy costs 66.1% less than what the most expensive company, Nationwide, charges on average per year. If you purchase your policy from Nationwide, you will pay around $183 per year.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Idaho
Riders wishing to get more protection for their motorcycle in Idaho may need to purchase a full coverage policy with comprehensive and collision insurance. A full-coverage policy not only protects you from a collision with other vehicles and structures but also covers the damage or loss of your bike as a result of non-collision occurrences, like theft, fire or vandalism.
If you are still making payments for your motorbike, you may wish to consider getting full coverage instead of liability-only insurance in Idaho. Based on the MoneyGeek study, the lowest motorcycle insurance rates in Idaho for a good rider with a full coverage policy that offers a 50/100/25 limit and a deductible of $500 come from:
- Dairyland: $233 per year
- Harley-Davidson: $248 per year
Nationwide is the most expensive insurer for a full coverage policy in the state, at an average of $730 per year. That is around 68.1% more than what Dairyland charges.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Idaho?
Insurance companies in Idaho consider several factors while determining their average costs. These include your riding record, the bike’s make and model, level of coverage, age and years of riding experience. MoneyGeek compared quotes for various rider profiles to determine the average cost of motorcycle insurance in Idaho.
On average, a full coverage motorcycle insurance policy in the state costs $352 annually, which is about $29 per month. This cost is less than the national average by $11 per year.
For liability-only coverage, the average cost of motorcycle insurance in Idaho is $116 per year or approximately $10 per month. That is $25 less than the annual national average. While the liability-only coverage is cheaper, it covers neither your bike nor your injuries in the event of an accident.
The costs used in this analysis represent average rates for a policy that has bodily injury liability coverage of $50,000/$100,000, property damage liability coverage of $25,000, a deductible of $500 and minimum uninsured motorist coverage.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in IdahoAverage 12-Month National CostVariance
- Full Coverage$352$364-$11
- Liability Only$116$141-$25
The Best Motorcycle Insurance Companies in Idaho
MoneyGeek analyzed the best motorcycle insurance in Idaho by comparing the costs across various coverage amounts from different providers. The scores depend on data that is unique to motorcycle insurance policies in the state. Companies rank according to financial stability scores from AM Best, policy prices and product offerings.
Based on MoneyGeek’s research, Progressive is the best motorcycle insurance provider in Idaho.
- Get free quotes online, via phone or through agents
- Licensed reps across each state
- Covers personal belongings carried on your motorbike during an accident
- Discounts not available in all states
- Accident forgiveness is only for motorists with at least four accident-free years
- Total loss coverage only available for new motorcycles
Progressive has a score of 95.01 out of 100, which is the highest in Idaho for motorcycle insurance. The average cost of a liability-only policy from Progressive is $75 per year. A full-coverage policy, on the other hand, costs $262 on average. Progressive offers several exclusive additional coverage options. For instance, you can get coverage for your bike’s accessories and custom parts by buying an extra $3,000 in coverage on your comprehensive and collision insurance policy. If the amount is not enough, you can purchase additional coverage, up to a maximum of $30,000. The company also offers accident forgiveness for motorists whose claim cost is less than $500, and those who ride accident-free for at least four years benefit from low rates. Other coverage options include total loss coverage for new bikers and roadside assistance and trip interruption coverage that pays for food, accommodation and transportation expenses up to $500 per accident. For each claim-free policy term, Progressive deducts 25% from your deductible cost. If you are unable to work due to an injury, the company pays you a maximum of $250 per week for two years. For fatal accidents, your beneficiaries receive $25,000.
- Exceptional customer service
- Online quote and claims filing tool
- Generous discount options
- No mobile app
- Cannot be used to insure certain types of bikes
- Relatively low liability score
Harley-Davidson is the second-best motorcycle insurance provider in Idaho, with a MoneyGeek score of 92.65 out of 100. The company’s liability-only policy costs an average of $122 per year, while the full coverage policy costs $248 per year. Harley-Davidson offers a wide array of coverage options for most motorcycle types. The company provides various discount options, including the multiple bike discount and homeowners discount. There are several roadside assistance packages to choose from, and you also get coverage from theft and vandalism.
- Online quote, claim filing and payment tools
- Numerous discount options available
- 24-hour claims support
- Available in most but not all states
- Safe driver discount only available for three years of accident-free riding
- No discounts for bundling with other types of insurance
Markel has a MoneyGeek score of 92.38 out of 100. A liability-only policy from the insurer costs an average of $62 per year, while a full-coverage policy costs $300 per year. Policyholders can save up to 35% off their premium through Markel’s numerous discounts. Motorists who complete a safety course, install an alarm on their motorbike or include several motorcycles on their insurance package always pay lower premiums. Markel offers several additional coverage options aside from standard coverage. These include mechanical breakdown coverage that covers the cost of specific components in case of a mechanical breakdown. In addition, they offer rental reimbursement coverage that pays for the expense of renting a vehicle when your motorbike breaks down for more than 24 hours. Motorists also get nationwide 24-hour roadside assistance for around $25 per year.
How to Get a Motorcycle Insurance Quote in Idaho
Several factors contribute to motorcycle insurance rates in Idaho. If you wish to find the best coverage for your needs, you may need to shop around and compare quotes across various insurers.
The majority of insurance companies in Idaho allow riders to request a quote online. The information you will need to provide includes:
- Your date of birth
- ZIP code and address where you park the motorcycle
- Year of manufacture, model and make of your bike
- Riding history and level of experience
- Insurance coverage elections (see more about this below)
How Much Motorcycle Insurance Coverage Do You Need in Idaho?
It is mandatory for all bikers in Idaho to purchase motorcycle insurance that meets the minimum liability coverage requirements of the state. Idaho’s minimum requirements include:
- $25,000 per person bodily injury liability
- $50,000 per accident bodily injury liability
- $15,000 property damage liability
How Much Insurance Coverage Is Required in Idaho?
Bikers in Idaho are required to get policies with a minimum liability-only coverage of 25/50/15. This implies that your coverage should have at least $25,000 in bodily injury coverage per person, with a total of $50,000 per accident and a property damage liability limit of $15,000. These limits represent what your insurer will pay in case you get involved in an at-fault accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Idaho?
Idaho requires bikers to have uninsured motorist coverage in their bodily injury liability policies. Meanwhile, there is no statutory requirement for property damage caused by uninsured motorists, and you may need to ask your agent if your policy includes uninsured motorist property damage.
Based on MoneyGeek’s analysis, you should pursue a full coverage motorist insurance policy of at least 50/100/25 (or, more ideally, 100/300/100) due to the small cost difference between these coverages.
Frequently Asked Questions About Motorcycle Insurance in Idaho
Several factors contribute to the cost of motorcycle insurance in Idaho. Some of the common questions asked about motorcycle insurance in the state include:
MoneyGeek used different driver profiles and coverage amounts to determine the cheapest and most expensive motorcycle insurance providers in Idaho. The factors used to establish the best motorcycle insurance carriers in the state include financial stability scores from AM Best (10% weighting), product offerings and services (30% weighting) and statutory policy costs (60% weighting). MoneyGeek obtained Idaho’s most recent insurance coverage requirements and laws from the state’s DMV to give you accurate information.
About the Author
- Idaho Department of Insurance. "Basic Coverages." Accessed May 7, 2021.
- Progressive. "Motorcycle Insurance Coverage Options." Accessed May 8, 2021.
- Harley-Davidson Insurance. "Ten Reasons to Buy Motorcycle Insurance from Harley-Davidson." Accessed May 8, 2021.
- Markel. "Motorcycle Insurance." Accessed May 8, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 8, 2021.