MoneyGeek analyzed the cheapest motorcycle insurance in Kentucky to ensure you get accurate and up-to-date information about average motorcycle insurance costs in the state. MoneyGeek’s scores were obtained using different rider profiles and coverage levels to help you find the best motorcycle insurance in Kentucky. The unique scoring system is based on three factors, which are financial stability, affordability and product offerings and selection. You can use it to identify the cheapest motorcycle insurance in Kentucky.
Motorcycle Insurance in Kentucky: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Kentucky
The minimum liability-only policy in Kentucky offers the state’s minimum requirements for motorcycle insurance. It is the cheapest motorcycle insurance in Kentucky but may not be the best due to its low limits. If you are interested in getting more protection and higher limits, you may need to consider purchasing a full-coverage policy.
MoneyGeek used a 50/100/25 policy from a rider with a good history to determine the cheapest motorcycle insurance in the state.
Cheapest Liability-Only Motorcycle Insurance Quotes in Kentucky
Based on the research carried out by MoneyGeek, the most affordable motorcycle insurance on average for a liability-only policy in Kentucky for a good rider is from:
- Markel: $95 per year
- GEICO: $106 per year
Progressive has the most expensive motorcycle insurance in the state, with a cost of $204 per year, which is about 53.5% higher than the cheapest coverage in the state.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Kentucky
If you are looking for a policy that offers more protection, full coverage motorcycle insurance may be the best alternative. Unlike liability-only policies, a full coverage policy protects your bike from collision damage as well as any damage caused by vandalism, fire and theft.
According to MoneyGeek, the cheapest insurers for a full coverage policy in Kentucky on average are:
- Dairyland: $254 per year
- Progressive: $360 per year
Nationwide offers the most expensive rates for this coverage, at an average of $935 per year. There is a difference of 72.9% between the cheapest and most expensive motorcycle insurance companies in Kentucky.
MoneyGeek utilized rates for a good rider with a 50/100/25 coverage limit and a deductible of $500 to get the average scores for this study.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Kentucky?
Several factors contribute to the cost of motorcycle insurance in Kentucky. They include your age, riding record and experience, model of your motorcycle and coverage level. MoneyGeek calculated the average motorcycle insurance rates in Kentucky by collecting quotes from several insurance companies at different coverage levels and rider profiles.
A full-coverage policy in the state costs an average of $456 per year or $38 per month, which is higher than the national average by $93.
The cost of a liability-only policy in Kentucky is $131 per year or $11 per month. That’s $10 less than the national average of $141 per year. Although liability-only policies cost less, they do not cover you or your bike in case of an at-fault accident.
For these costs, MoneyGeek used a sample rider policy with bodily injury coverage limits of $50,000/$100,000, a property damage limit of $25,000 and a $500 deductible as well as uninsured motorist coverage, underinsured motorist coverage and personal injury protection.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in KentuckyAverage 12-Month National CostVariance
- Full Coverage$456$364$93
- Liability Only$131$141-$10
The Best Motorcycle Insurance Companies in Kentucky
While shopping around for quality and affordable motorcycle insurance for your bike, MoneyGeek’s scores can help you get the best motorcycle insurance in Kentucky. The system used by MoneyGeek comprises factors like financial stability, affordability in Kentucky as well as product offerings and selection. More information about the criteria can be found in our methodology.
Based on the scores, the best insurer in Kentucky is Dairyland. The top three best carriers in the state are as follows:
- Online payments available
- Wide array of coverage options
- High full-coverage scores
- Coverages may vary by state
- Replacement cost insurance coverage only applicable for the first three years
- Discounts vary significantly from other insurers
Dairyland leads as the best motorcycle insurance provider in Kentucky. Based on MoneyGeek, it has a score of 93.98 out of 100. The cost of a minimum liability-only policy from Dairyland is $123 per year on average, while a full-coverage policy costs roughly $254 per year. Apart from standard coverage, Dairyland provides riders with several other optional insurance packages such as optional/ special equipment coverage for replacing non-standard parts as well as rental reimbursement insurance, which pays the cost of renting an alternative vehicle while your bike gets repaired. Dairyland also provides several discounts, including discounts for riders who have completed a safety course, own more than one motorcycle as well as those who are members of a motorcycle riders association. Moving your policy to Dairyland from another insurer also earns a good discount.
- Highest total product and service score
- Riders can get quotes online
- Several discount choices
- Insurance not available for dirt bikes
- Discounts may vary by state
- No mobile app
Harley-Davidson has the second-highest MoneyGeek score in Kentucky, earning a score of 93.72 out of 100. A liability policy from the company costs an average of $120 per year, whereas a full coverage policy costs about $401 per year. When purchasing your motorcycle insurance from Harley-Davidson, you will need to select from several optional coverages such as rental reimbursement coverage, which helps you get alternative means of transport if your bike remains damaged for long. Riders get various discounts from Harley-Davidson, including loyalty, prompt payment and experienced riders discounts, as well as claim-free renewal of their policies. Those who serve in the military also get lower rates when they join the company.
- Many discount opportunities available
- Online quote and claim filing tool
- Comprehensive road assistance program
- No multi-discount options
- Does not cover dirt bikes or ATVs
- Mechanical breakdown coverage only covers specific parts of the bike
Markel is the third-best insurer in Kentucky, with a score of 91.32 out of 100 as the MoneyGeek score. Riders pay about $95 per year on average for a minimum liability-only policy and $406 per year for a full coverage policy. Riders have several additional coverage options and discounts to choose from when shopping for motorcycle insurance at Markel. Specifically, you may save up to 35% by purchasing your coverage from the company. Individuals who have completed a safety course, installed an alarm on their motorcycle or those who have more than one bike insured receive discounts on their policies. There is also roadside assistance coverage that costs around $25 per year. Markel has a mechanical breakdown coverage that helps replace specific parts of your bike in case they get damaged. The company also provides rental reimbursement coverage, which covers the cost of hiring a vehicle once your bike gets damaged.
How to Get a Motorcycle Insurance Quote in Kentucky
To get a quote for your motorcycle insurance in Kentucky, you will need to visit the provider’s website. You can find the lowest rates by comparing quotes between providers. To get a quote online, you will need to provide information such as:
- Riding history and experience
- ZIP code and address where you will use the bike
- Your birthdate
- Model, make and year of manufacture for your bike
- Insurance coverage levels of choice (check for more information below)
How Much Motorcycle Insurance Coverage Do You Need in Kentucky?
Before getting motorcycle insurance in Kentucky, you should be sure that you understand what the state minimum requirements are. For Kentucky, your policy should cover the following:
- $25,000 per-person bodily injury liability
- $50,000 per-accident bodily injury liability
- $25,000 property damage liability
- Uninsured motorist coverage
- Underinsured motorist coverage
- Personal injury protection
How Much Insurance Coverage Is Required in Kentucky?
The minimum motorcycle insurance limit required in Kentucky is 25/50/25, which implies that your policy needs to have a minimum of $25,000 as the bodily coverage limit, a $50,000 coverage limit per accident and a property damage liability coverage of $25,000. Your insurer will pay these amounts at the minimum in case your bike gets damaged or stolen. Your policy also needs to have requisite limits on uninsured/ underinsured motorist coverage and personal injury protection.
In Kentucky, it is possible to satisfy minimum insurance requirements with a combined single limit policy.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Kentucky?
According to MoneyGeek, a full coverage policy with 50/100/25 limits is ideal for drivers who need more protection and higher limits. You may also consider getting a policy with 100/300/100 limits, which costs a little more but offers more comprehensive coverage. You also need uninsured/underinsured motorist coverage, which matches the above requirements, as well as a PIP coverage that meets the state’s minimum requirements.
Frequently Asked Questions About Motorcycle Insurance in Kentucky
Various factors contribute to the cost of motorcycle insurance in Kentucky. While shopping around for a policy, some of the questions that you are likely to come across include:
Moneygeek analyzed motorcycle insurance rates in Kentucky to help you find the best insurer for your needs. Factors used in the analysis are financial stability scores from AM Best (10% of weightings), policy costs (60% of weightings) and product offerings and selection (30% of weightings). The laws and requirements for the state of Kentucky were obtained from the state’s DMVs to ensure accurate and updated information is used in the study.
About the Author
- Dairyland Insurance. "Motorcycle Insurance Coverage that Matches Your Needs." Accessed May 10, 2021.
- Department of Insurance. "No Fault Rejection/ Verification (PIP)." Accessed May 10, 2021.
- DMV.org. "Motorcycle Insurance Minimum Requirements in Kentucky." Accessed May 10, 2021.
- Harley-Davidson Insurance. "The right motorcycle insurance coverage for you." Accessed May 10, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Markel. "Motorcycle Insurance." Accessed May 10, 2021.