When looking for motorcycle insurance in Louisiana, cost and core coverages are among the most important factors to consider. Although most insurers will offer the basic protections required to satisfy Louisiana's legal minimums, you will find that costs and coverage levels can vary widely depending on the company. To help you find the best insurer, MoneyGeek’s analysis has ranked the cheapest motorcycle insurance in Louisiana. Our rankings are based on each insurer’s affordability, product and service offerings and financial stability. These rankings will help you find the best motorcycle insurance in Louisiana.
Motorcycle Insurance in Louisiana: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Louisiana
The cheapest motorcycle insurance in Louisiana will typically only offer liability insurance. This is the basic minimum required by Louisiana motorcycle insurance laws. If you want comprehensive coverage and high liability limits, the cheapest option is not always the best option. For riders in Louisiana, a comprehensive motorcycle insurance policy is better than liability-only insurance since it comes with collision coverage and other protections, including coverage for theft, fire and vandalism.
To find the cheapest companies, MoneyGeek used a profile of a good rider in Louisiana with 50/100/25 liability-only coverage.
Cheapest Liability-Only Motorcycle Insurance Quotes in Louisiana
On average, the cheapest motorcycle insurance companies in Louisiana for liability-only coverage are:
- GEICO: $99 per year
- Progressive: $115 per year
GEICO motorcycle insurance is 58.4% cheaper compared to the most expensive option, Harley-Davidson, which costs roughly $238 per year.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Louisiana
For most riders in Louisiana, a full coverage policy is the best option because it provides comprehensive coverage, including protection from collision damage and loss caused by risks such as theft or vandalism. This means that your asset will be better protected by a comprehensive policy. Riders who are making payments on their motorcycle may be required to take out a comprehensive policy.
For this analysis, MoneyGeek used the profile of a good rider in Louisiana with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage.
The cheapest motorcycle insurance companies in Louisiana for a full coverage policy are:
- GEICO: $336 per year
- Dairyland: $448 per year
The cheapest option, GEICO, is 37% cheaper than the most expensive, Harley-Davidson, which costs $533 yearly. This means you can make significant savings on premiums by comparing motorcycle insurance quotes in Louisiana.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Louisiana?
In Louisiana, the cost of motorcycle insurance depends on a variety of factors, including the model of your motorcycle, your riding history, your age, the coverage limits on your policy and more. For this analysis, MoneyGeek compared motorcycle insurance rates from different companies in Louisiana.
The average cost of motorcycle insurance in Louisiana is $170 per year or approximately $12 per month for a liability-only policy. However, a liability-only policy does not cover you for injuries or any damage to your motorcycle if you caused the accident.
For a full-coverage motorcycle insurance policy in Louisiana, the average cost per year is $459 or approximately $38 monthly. This cost is 20% higher than the national average of $364 per year.
To determine the average costs of motorcycle insurance in Louisiana, MoneyGeek’s study used a policy with $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in LouisianaAverage 12-Month National CostVariance
- Full Coverage$459$364$95
- Liability Only$170$141$29
The Best Motorcycle Insurance Companies in Louisiana
To find the best motorcycle insurance in Louisiana, MoneyGeek used a unique rating system that incorporates motorcycle quote data unique to Louisiana, product and service offerings, affordability and financial stability ratings. More information can be found in our methodology. Based on the scoring system, GEICO ranked highest with a 90 out of 100.
Our analysis found that the best motorcycle insurance companies in Louisiana are:
- Top-rated mobile app
- Most affordable rates in Louisiana
- Wide range of discounts and optional protections
- Limited product offerings compared to the competition
- Pricing favors experienced riders
- Few local agents
GEICO scored highest across the key categories in MoneyGeek’s analysis, emerging as the best motorcycle insurance in Louisiana. With a score of 90 out of 100, this company ranked best in affordability and financial stability. A liability-only motor insurance policy with GEICO will cost you $99 per year on average, while a full-coverage policy costs roughly $336 yearly. Apart from affordability, GEICO stands out from the competition by offering high liability limits that can be customized to suit your individual needs. With this policy, you can get protection limits of up to $300,000 per incident and up to $100,000 for property damage. A GEICO motorcycle insurance policy also comes with optional accessories coverage and emergency roadside assistance. Better yet, you can save money on your premiums by taking advantage of GEICO’s discount opportunities.
- Reducing deductible for every claim-free motorcycle policy
- Enhanced injury protection
- Full replacement cost and no depreciation for parts
- Coverages and discounts vary by state
- Costly for new riders
- Only customers with three claim-free years qualify for Large Accident Forgiveness
Progressive ranked second in MoneyGeek’s analysis of the best motorcycle insurance in Louisiana, scoring 84.45 out of 100 points. A liability-only motorcycle insurance policy with Progressive costs $115 per year on average, while a full coverage policy will cost roughly $519 yearly. This makes progressive one of the most affordable options in Louisiana. In terms of product offerings, Progressive stands out from the competition by offering a wide range of protections. This includes custom property protection and replacement cost coverage. Its comprehensive coverage also comes with Original Equipment Manufacturer (OEM) parts coverage. Furthermore, policyholders can take advantage of many discounts to lower their annual premiums. Discounts include multi-policy, responsible driver, pay on time and more.
- Users can get quotes, make payments and file claims online
- Unique coverages benefits
- Wide range of discounts available
- Costly compared to other insurers in Louisiana
- Coverage benefits are not available in all states
- Discounts vary by state
With a MoneyGeek rating of 79.01 out of 100, Dairyland is among the best motorcycle insurance providers in Louisiana. This insurer scored highly in product offerings as well as financial stability. Dairyland charges an average of $228 per year for a liability-only motorcycle insurance policy, while a full-coverage policy costs about $448 yearly. In addition to the standard protections, Dairyland offers riders a wide range of coverage benefits that include rental reimbursement, roadside assistance and optional equipment insurance coverage. Dairyland also offers policyholders multiple ways to save money on their premiums. Customers can get discounts for taking a rider course, being part of a rider group or even transferring their policy to Dairyland.
How to Get a Motorcycle Insurance Quote in Louisiana
Most insurers in Louisiana provide motorcycle insurance quotes online. You need to provide the insurer with the following details to get a quote:
- ZIP code and address where motorcycle will be located
- The year, make and model of the motorcycle
- Your age and information about your riding record and experience level
- Insurance coverage elections (for more information, see below)
How Much Motorcycle Insurance Coverage Do You Need in Louisiana?
Louisiana motorcycle insurance laws and requirements require riders to have a 15/30/25 motorcycle insurance policy with the following minimum coverage amounts:
- $15,000 per person bodily injury liability
- $30,000 per accident bodily injury liability
- $25,000 for property damage liability
How Much Insurance Coverage Is Required in Louisiana?
In Louisiana, riders are required to have a 15/30/25 coverage for bodily injury and property damage. This means that to legally operate your motorcycle in Louisiana, you will need an insurance policy with liability limits of at least $15,000 for bodily injury per person, a limit of at least $30,000 per accident and a $25,000 liability limit for property damage. These limits are the amounts that your insurance will pay if you cause an accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Louisiana?
Louisiana motorcycle insurance laws do not require you to have uninsured motorist, underinsured motorist or PIP coverage. Uninsured and underinsured motorist coverage reimburses policyholders in an accident involving an uninsured, underinsured or hit-and-run driver. However, you can choose to have these coverages as part of a full coverage policy from your insurer.
MoneyGeek recommends a full coverage policy of at least 50/100/25, but preferably 100/300/100 for most riders in Louisiana. Since the incremental cost is minimal for a large increase in coverage, we recommend that riders go for full coverage of 100/300/100.
Frequently Asked Questions About Motorcycle Insurance in Louisiana
When shopping for motorcycle insurance quotes in Louisiana, there are some basic details that you need to know. Some of the most commonly asked questions about motorcycle insurance in Louisiana include:
MoneyGeek collected motorcycle insurance quotes directly from different insurance providers based on varying coverage amounts and rider profiles to help our users find the least expensive insurer in Louisiana. The ranking for this study was based on policy cost in Louisiana (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in Louisiana were gathered from the state DMVs to ensure accurate and up-to-date information.
About the Author
- Dairyland Insurance. "Motorcycle Insurance." Accessed May 4, 2021.
- Geico Insurance. "Motorcycle Insurance." Accessed May 4, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Investopedia. "GEICO Car Insurance Review." Accessed May 4, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 4, 2021.
- Louisiana Department of Insurance. "Auto Insurance." Accessed May 4, 2021.
- Progressive Insurance. "Motorcycle Insurance Coverages." Accessed May 4, 2021.