Getting motorcycle insurance in Missouri will provide protection against bike theft or damages due to certain incidents while you are on the road. MoneyGeek evaluated average rates across coverage levels to help find the cheapest motorcycle insurance in Missouri. Using a unique scoring system, which includes affordability, the products and services offered and financial stability, MoneyGeek also ranked the best motorcycle insurance in Missouri. Learn the average premiums of insurers in the state and compare the cheapest and best carriers below.
Motorcycle Insurance in Missouri: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Missouri
For Missouri riders, the least expensive option is to get a motorcycle insurance policy that only meets the state minimum liability coverage limits. But affordability does not make a policy the best option. While liability-only motorcycle insurance in Missouri is much cheaper, it only includes bodily injury liability, property damage liability and uninsured motorists insurance. A comprehensive and collision coverage insurance is the better option for most Missouri riders as it offers more protection and higher liability limits.
The profile used for this analysis was a rider with a good driving history and 50/100/25 liability-only coverage policy.
Cheapest Liability-Only Motorcycle Insurance Quotes in Missouri
Based on MoneyGeek’s study, the most affordable motorcycle insurance companies on average in Missouri for liability-only coverage are:
- GEICO: $124 per year
- Progressive: $133 per year
Average motorcycle insurance rates in Missouri show that the most expensive option in the state for liability-only coverage is Dairyland. The annual average rate of Dairyland is $379, meaning that GEICO is 67.4% cheaper.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Missouri
If you want to have better protection, consider getting full coverage with comprehensive and collision insurance. It will cost more than a liability-only policy but will protect you against damages due to collisions with another vehicle or structures. Additionally, it covers damages to or the loss of your bike due to non-collision incidents like fire, theft or vandalism. You will likely need full coverage insurance if you are making payments on your motorcycle.
For this analysis, MoneyGeek chose a driver with a good driving record and a full coverage policy that includes 50/100/25 coverage and a $500 deductible.
The study found that the companies with the cheapest motorcycle insurance rates in Missouri on average for a full-coverage policy are:
- Progressive: $307 per year
- GEICO: $394 per year
Meanwhile, the most expensive motorcycle insurance carrier for a full-coverage policy in the state is Nationwide, with an average rate of $660. Progressive is 53.5% cheaper, showing that it pays to shop around.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Missouri?
Several factors, such as the coverage level, motorcycle model, riding history, age and years of experience, affect motorcycle insurance quotes in Missouri. MoneyGeek collected and analyzed average rates from Missouri motorcycle insurers for different rider profiles.
A full-coverage policy in the state costs an average of $496 annually or around $41 monthly. The national average rate is $364, which means Missouri riders tend to pay 27% or $132 more on motorcycle insurance.
For liability-only motorcycle insurance in Missouri, the average rate is $225 per year or approximately $19 per month. That is $84 more than the national annual average of $141. Remember that this coverage level will not cover your bike or injuries if you caused the accident.
Policy coverage used to determine Missouri averages were $50,000/$100,000 bodily injury coverage with $25,000 property damage, a $500 deductible for full coverage policies and uninsured motorist coverage.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in MissouriAverage 12-Month National CostVariance
- Full Coverage$496$364$132
- Liability Only$225$141$84
The Best Motorcycle Insurance Companies in Missouri
MoneyGeek ranked the best motorcycle insurance companies in Missouri. To calculate final scores, MoneyGeek used motorcycle insurance quote data unique to the state, product offerings and selection, service and financial stability. Progressive got the highest score among the motorcycle insurance companies in Missouri. Find out more about the methodology used for this analysis below.
Based on MoneyGeek’s study, the best carriers in Missouri for motorcycle insurance are:
- Online quoting tool
- Mobile app
- Wide range of extra coverage options available
- Disappearing deductible is not available in every state
- Some discounts are not available in all states
- Large Accident Forgiveness is limited to certain policyholders
Progressive received a MoneyGeek score of 96.56 out of 100, making it the top-ranking motorcycle insurance company in Missouri. A liability-only policy from Progressive costs $133 per year on average, while a full-coverage policy costs an average of $307 per year. The company offers a wide range of coverage options. Progressive includes additional features for all its motorcycle insurance policies, such as coverage for custom parts and original equipment manufacturer (OEM). The company gives policyholders accident forgiveness for certain accidents, which ensures that premiums will not increase if claims cost less than $500. If eligible, riders may also get Large Accident Forgiveness. The company’s enhanced injury protection will allow you to get up to $250 per week if you incur injuries or cannot go to work because of a covered accident. This coverage will also pay your beneficiaries $25,000 if a fatal accident causes your death.
- Convenient payment plans and options
- Competitive rates and discounts
- Online quoting tool and a mobile app
- Average rating on product offering and service
- Discounts aren’t available in all states
- May be hard to find local agents
In second place is GEICO, with a MoneyGeek score of 87.03 out of 100. The company earned high ratings in the majority of the categories. The average rate of a GEICO liability-only motorcycle insurance policy is $124 per year. Meanwhile, full coverage insurance costs an average of $394 per year. The convenience that GEICO offers sets it apart. Aside from an online quoting tool, the company also has a mobile app where policyholders can easily get proof of insurance, find the lowest gas prices nearby, pay bills, change coverage and even chat with an insurance agent. There are also various payment channels and methods. If you opt for comprehensive or collision coverage, your policy automatically includes accessories coverage. This will protect all extra accessories that you have on your bike, such as backrests, CB radios, chrome pieces, helmets, saddlebags and seats. The company also offers towing and labor coverage for policyholders.
- Various money-saving discounts
- 24/7 customer service
- Pay bills and file claims online
- Limited coverage area
- Limited tools for customers
- Cannot be bundled with car insurance
With a MoneyGeek score of 84.22 out of 100, Markel came in third place. The company charges an average of $155 per year for a liability-only policy and roughly $551 per year for a full coverage motorcycle insurance policy. Markel policyholders enjoy multiple discount opportunities. Switching to Markel automatically makes riders eligible for a 10% discount. Having safety features like anti-lock brakes and an anti-theft alarm also qualifies you for a discount. If you remain accident-free for four years, you can get the “so long” deductible where the company reduces your deductible by 25% for every consecutive accident-free year. You can even get a $0 deductible after the fourth year. Markel policyholders can even get extra protection. Roadside assistance and trip interruption coverage will only cost an additional $25 per year per unit. Increasing that additional payment to $50 will include nationwide roadside assistance, all private passengers, non-commercial and household vehicles.
How to Get a Motorcycle Insurance Quote in Missouri
Most companies allow riders to get online motorcycle insurance quotes in Missouri. However, you will need to provide important information to help insurers calculate your premium. Here is what you will need:
- ZIP code and the address where your motorcycle will be located
- Personal information, such as your birthdate and riding record
- Motorcycle year, make and model
- Insurance coverage elections (for more information on this, see below)
How Much Motorcycle Insurance Coverage Do You Need in Missouri?
All motorcycle riders are required by law to have motorcycle insurance in Missouri. Your policy should at least meet the minimum state liability-only coverage requirement, which includes:
- $25,000 per person bodily injury liability
- $50,000 per accident bodily injury liability
- $10,000 property damage liability*
- Uninsured motorist coverage
How Much Insurance Coverage Is Required in Missouri?
State law requires riders to have motorcycle insurance with a minimum level of coverage at 25/50/10. These represent the liability limits that your insurer will pay you in the event of an at-fault accident. These include $25,000 per person bodily injury insurance for a total of $50,000 per accident and $10,000 for property damage liability coverage.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Missouri?
Aside from liability coverage, motorcycle insurance in Missouri should also include uninsured motorist coverage. The minimum limits are $25,000 for bodily injury per person and a total of $50,000 for bodily injury per accident.
For most riders in Missouri, MoneyGeek recommends a full coverage policy of at least 50/100/25 and preferably 100/300/100 because of the small incremental cost for a large increase in coverage. The state also requires uninsured motorist coverage. For this, MoneyGeek recommends that you match this coverage with the policy coverage mentioned above.
Frequently Asked Questions About Motorcycle Insurance in Missouri
When looking for the best motorcycle insurance in Missouri, riders should consider different factors. Here are some of the frequently asked questions about motorcycle insurance in the state.
MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles to help our users determine which company has the cheapest motorcycle insurance in Missouri. To determine the best motorcycle insurance providers, MoneyGeek evaluated three factors, including policy cost in the state (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 Missouri were gathered from the state Department of Revenue to ensure accurate and up-to-date information.
About the Author
- GEICO. "Motorcycle Insurance." Accessed May 5, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 5, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 5, 2021.
- Markel Insurance. "Motorcycle Insurance." Accessed May 5, 2021.
- Missouri Department of Revenue. "Motor Vehicle Insurance (Financial Responsibility)." Accessed May 5, 2021.
- Progressive. "Motorcycle Insurance." Accessed May 5, 2021.