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Motorcycle Insurance in Ohio: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in Ohio
In most cases, the cheapest motorcycle insurance in Ohio only provides state-mandated liability-only coverage and may not be the best option for all riders. Ohio's minimum coverage policy may only include liability coverage, which does not cover your motorcycle or any injuries caused to you if you were at fault for the accident. A liability-only policy costs less because it only includes injuries and damage to property or other people involved in the accident. It may be better to opt for comprehensive and collision coverage, which provides more protection and greater coverage.
To compare the rates for this study, MoneyGeek used the profile of a low-risk rider with a clean driving record and a 50/100/25 liability-only policy.
Cheapest Liability-Only Motorcycle Insurance Quotes in Ohio
The following motorcycle insurance companies in Ohio were found to offer the lowest average rates on average for liability-only coverage for a rider with a good riding record:
- Markel: $70 per year
- Progressive: $75 per year
Nationwide, on the other hand, offers the state's most expensive liability-only motorcycle insurance policy. The average rate for a similar policy at Nationwide is $220, which is 68.2% higher than the rate quoted by Markel.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Markel$70
- 2.Progressive$75
- 3.GEICO$99
- 4.Dairyland$110
- 5.Harley-Davidson$117
Cheapest Full Coverage Motorcycle Insurance Quotes in Ohio
A full coverage policy, which includes comprehensive and collision coverage, offers better protection for most riders. The policy covers costs incurred by collision-related damages, regardless of whether the collision occurs with a vehicle or a structure. This insurance also covers vandalism, theft, natural disasters and fire.
If you're still paying for your motorcycle, a full coverage policy is preferable to a liability-only policy, which only offers limited coverage. MoneyGeek ranked the following two companies in Ohio as the cheapest after reviewing the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full coverage policy:
- GEICO: $141 per year
- Dairyland: $174 per year
Nationwide, the most expensive for a full coverage policy quoted an average annual cost of $699, which is 79.8% higher than GEICO's quote.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.GEICO$141
- 2.Dairyland$174
- 3.Harley-Davidson$214
- 4.Progressive$254
- 5.Markel$407
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What Is the Average Motorcycle Insurance Cost in Ohio?
Motorcycle insurance rates in Ohio are affected by several factors, including coverage rates, motorcycle type, riding record, age and years of riding experience. MoneyGeek compared motorcycle insurance rates from various insurance providers to calculate the average cost of motorcycle insurance in Ohio for full coverage and liability-only plans.
A full-coverage policy in Ohio will cost you an average of $315 per year or around $26 a month. This means the price is 13.46% lower than the national annual average of $364.
A liability-only motorcycle insurance policy in Ohio will cost about $115 per year or $10 per month. This rate is $26 less than the national annual average for liability-only insurance, which is $141. However, keep in mind that a liability-only policy will not cover damages caused to your motorcycle or any bodily injuries sustained in an accident.
Prices for Ohio were determined using a motorcycle insurance policy with bodily injury liability coverage of $50,000/$100,000 and property damage coverage of $25,000.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in OhioAverage 12-Month National CostVariance
- Full Coverage$315$364-$49
- Liability Only$115$141-$26
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The Best Motorcycle Insurance Companies in Ohio
MoneyGeek studied motorcycle insurance companies in Ohio to find the best insurers with affordable rates and high-quality service. MoneyGeek's unique scoring system rated the companies based on motorcycle insurance quotes for Ohio, product offerings and choices, customer service, affordability and financial stability. With a score of 94.18 out of a possible 100, Progressive was rated the best motorcycle insurer in Ohio.
1
Progressive
Score:94
Pros
- Strong affordability rating by MoneyGeek
- Offers a mobile app
- Discounted deductible for every claim-free year
Cons
- Below-average rating as per recent J.D. Power Auto Claim Satisfaction Study
- Discounts are not the same for all states
- Restrictions are applicable in some policies
More About Progressive
With strong scores across multiple categories and a MoneyGeek score of 94.18 out of 100 points, Progressive was rated the best insurer in Ohio. While a full coverage policy from the insurer costs an average of $254 per year, a liability-only policy costs around $75 per year.
Progressive has a number of excellent coverage options that can be added to your motorcycle insurance policy. Progressive motorcycle insurance plans automatically cover custom and original equipment manufacturer (OEM) parts, depending on what your bike has in it. The company also provides a full replacement cost for your bike that does not take into account the depreciation value of the parts. That is, they will help you restore your bike to its pre-accident condition or better. Progressive will not raise the prices if you have been a customer for at least four years and have been accident-free for at least three years.
2
Harley-Davidson
Score:94
Pros
- Rewards experienced riders and prompt payers
- Rated high for product and service offerings
- Offers special discounts for retired and active military and law enforcement employees
Cons
- Doesn’t offer a mobile app
- Accident forgiveness coverage will be active only a year after the policy start date
- Some coverages are expensive
More About Harley-Davidson
Harley-Davidson scored 93.66 out of a total of 100 points to be rated as the second-best motorcycle insurer in Ohio. Liability-only motorcycle insurance coverage from Harley-Davidson costs an average of $117 a year in Ohio. A full coverage policy will cost you roughly $97 more at an average cost of $214 per year.
Having a Harley-Davidson motorcycle insurance policy entitles you to impressive discounts and coverage. For instance, the company offers optional equipment coverage, which covers the tools used during the bike modification phase. It also covers OEM parts if your bike has genuine Harley-Davidson parts. In addition, the company provides unique discounts to both new and experienced riders. If you are a member of the Harley Owner's Group, you can receive several benefits and discounts. Furthermore, if you are in an accident and your bike is rendered undrivable, the company provides coverage through its rental reimbursement program, which pays for your transportation expenses.
3
Dairyland
Score:93
How to Get a Motorcycle Insurance Quote in Ohio
You can obtain a motorcycle insurance quote online in Ohio by simply providing the following details or more:
- Zip code and address in Ohio where the bike will be located
- Previous address if you moved in the past six months
- Your date of birth
- Vehicle make, model and manufacturing year
- Your riding record
- Your riding experience level
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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 Ohio?
All bikers in Ohio are required by law to insure their motorcycles with at least liability-only coverage. The following are the state's minimum coverage requirements in Ohio:
- $25,000 per-person bodily injury liability (BI)
- $50,000 per-accident bodily injury liability
- $25,000 property damage liability (PD)
How Much Insurance Coverage Is Required in Ohio?
In Ohio, all motorcycles must have a minimum liability-only coverage of 25/50/25. This means that the motorcycle insurance policy will provide up to $50,000 in coverage for all parties involved in an accident, with a $25,000 limit for one person and a $25,000 limit for property damage. Your insurance company will cover these claims if you were the cause of the accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Ohio?
Riders in Ohio are not required to have uninsured motorist, underinsured motorist, or personal injury protection (PIP) coverage as part of their motorcycle insurance. They only need bodily injury liability and property damage coverage. But for further protection, you can include one or more of these coverages to your existing policy as add-ons.
MONEYGEEK EXPERT TIP
In Ohio, the increase in cost for better coverage is significantly small. MoneyGeek suggests that most riders consider a full coverage policy of 50/100/25 coverage at least and preferably a 100/300/100 coverage. Ohio's state law doesn't require Uninsured Motorist Coverage (UM) and Personal injury coverage (PIP). But we recommend that you add sufficient UM coverage to match your insurance policy’s coverage and minimum PIP coverage, as per your affordability.
Frequently Asked Questions About Motorcycle Insurance in Ohio
Several factors come into play while looking for motorcycle insurance in Ohio. We've answered some of your commonly asked questions, such as which company offers the cheapest insurance and how much does motorcycle insurance cost in Ohio.
With a $70 annual average rate on a liability-only motorcycle insurance policy, Markel has the lowest annual average rate in Ohio. GEICO's quote of $141 a year is the lowest for a full coverage policy.
At a minimum, every rider in Ohio should have a basic liability-only policy, which costs an average of $115 per year or around $9 per month.
MoneyGeek’s unique rating system rated Progressive as the best motorcycle insurance provider in Ohio.
Yes, Ohio’s state law mandates all motorcycle riders to insure their bike.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
MoneyGeek collected insurance quotes for motorcycles directly from insurers based on different levels of coverage and driver profiles. This will help you find out which insurer is the cheapest in Ohio. The best motorcycle insurance companies in Ohio have been assessed using three criteria, including the cost of the policy in Ohio (60% weighting), products and service offerings (30% weighting), and financial stability metrics from AM Best (10% weighting). To provide you with the most accurate and up-to-date information, MoneyGeek used the most recent license laws and insurance policy requirements from State DMVs.
About Mark Fitzpatrick
sources
- Dairyland. "Motorcycle Insurance." Accessed May 10, 2021.
- Harley-Davidson Insurance. "The Right Motorcycle Insurance Coverage For You." Accessed May 10, 2021.
- Injury Prevention. "Motor vehicle driver injury and marital status: a cohort study with prospective and retrospective driver injuries." Accessed March 9, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 10, 2021.
- Insurance Information Institute. "Facts + Statistics: Teen drivers." Accessed March 5, 2021.
- Ohio BMV. "Driver License & ID Cards." Accessed May 11, 2021.
- Progressive. "Motorcycle Insurance Coverages." Accessed May 10, 2021.