Motorcycle Insurance in Ohio: The Cheapest Quotes and Best Companies

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.

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.

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.

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.

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.

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

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)

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.

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.

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.

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.