Insuring your motorcycle is the best way to guarantee you are covered for expenses caused by natural disasters, fire, theft and accidents. In addition, having personal injury coverage on your insurance can cover your injuries if you were injured in an accident while riding your bike. MoneyGeek analyzed the average insurance quotes and the cheapest motorcycle insurance rates in Oklahoma for different coverage levels. We also ranked the best motorcycle insurance companies in Oklahoma based on their affordability, financial stability and customer service. Our analysis will help you compare motorcycle insurance companies in Oklahoma and find the one that best meets your needs.
Motorcycle Insurance in Oklahoma: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Oklahoma
The cheapest motorcycle insurance in Oklahoma will most likely include liability-only coverage, which means it may not be the best choice for a rider. Oklahoma's minimum coverage policy only offers liability coverage, which does not cover your motorcycle or any damage incurred during an accident if you are found legally liable for the accident. Because it only covers injuries and damage to property or other people involved in the accident, a liability-only policy is usually less expensive. Comprehensive and collision coverage is preferable for most riders in Oklahoma because it offers more protection and greater coverage.
Cheapest Liability-Only Motorcycle Insurance Quotes in Oklahoma
MoneyGeek used the profile of a low-risk rider with a good riding record and a 50/100/25 liability-only policy to compare rates for this analysis.
The motorcycle insurance companies in Oklahoma that give the lowest average rates for liability-only coverage for a rider with a good riding record are:
- Progressive: $75 per year
- Markel: $78 per year
Harley-Davidson, on the other hand, has the most expensive liability-only motorcycle insurance policy in the state. Its average cost for a comparable policy is $208, which is 64% higher than Progressive's rate.
Average Annual Premium for Liability Coverage
Scroll for more
- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Oklahoma
A full coverage policy, which covers comprehensive and collision coverage, offers extensive coverage to the motorcycle and the rider. The policy covers the costs of crash-related damages, whether the collision happened with a vehicle or a structure. This policy also protects against vandalism, theft, natural disasters and fire.
If you're still paying off your motorcycle loan, a full coverage policy is preferable to a liability-only policy that only offers minimal coverage. After analyzing the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full coverage motorcycle insurance, MoneyGeek ranked the following two companies in Oklahoma as the cheapest:
- Progressive: $249 per year
- Markel: $268 per year
The most expensive for a full coverage policy was GEICO, which quoted an average annual cost of $500. The rate was 50.2% higher than Progressive's quote.
Average Annual Premium for Comprehensive and Collision
Scroll for more
- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Oklahoma?
Multiple factors affect motorcycle insurance rates in Oklahoma, including coverage amount, the type of motorcycle, your riding record, years of riding experience and even your age. We compared motorcycle insurance rates from different companies to determine the average cost of motorcycle insurance in Oklahoma for both full coverage and liability-only policies.
In Oklahoma, you’ll pay an average of $320 per year or around $27 a month for a full coverage motorcycle insurance policy. The rate is 12% less than the national annual average of $364.
An average of $130 a year or $11 a month is what you'll have to pay for a liability-only motorcycle insurance policy in Oklahoma. Considering the national average of $141 per year, the rate is $11 lower. However, it’s important to remember that a liability-only policy will not cover damages caused to your motorcycle or any injuries you sustain in an accident.
Prices in Oklahoma were calculated using a motorcycle insurance policy of $50,000/$100,000 bodily injury liability coverage and $25,000 property damage coverage, a $500 deductible and the minimum for uninsured motorist coverage for full coverage policies.
Car Insurance Costs by Coverage Type
Scroll for more
- Policy TypeAverage 12-Month Cost in OklahomaAverage 12-Month National CostVariance
- Full Coverage$320$364-$44
- Liability Only$130$141-$11
The Best Motorcycle Insurance Companies in Oklahoma
MoneyGeek reviewed Oklahoma's motorcycle insurance providers to find the best companies that offer a balance of affordability and quality service. Our unique scoring system rated the companies based on motorcycle insurance quotes in Oklahoma, product offerings and selections, customer service, affordability and financial stability. In Oklahoma, Progressive won the most points, making it the best motorcycle insurance company in the state.
- Strong affordability rating by MoneyGeek
- Offers a mobile app
- Covers original equipment manufacturer (OEM) and custom parts
- Below-average rating from J.D. Power
- Discounts are different for each state
- Restrictions are applicable in some policies
With a score of 97 out of 100 points and high scores across all categories, Progressive was rated the best motorcycle insurance in Oklahoma. Progressive's liability-only motorcycle insurance policy for Oklahoma costs an average of $75 a year. And a full coverage policy costs an average of $249 per year. Progressive offers a variety of great coverage choices that can be added to your motorcycle insurance policy, and accident forgiveness provided by Progressive is a standout feature. If you are in a minor accident, the insurance premium will not be increased during renewal as long as the claim is $500 or less. And, for larger incidents, 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. You may be eligible for a disappearing deductible discount, which lowers the deductible by 25% for each year you remain claim-free.
- Policies as low as $50
- Strong affordability ratings by MoneyGeek
- Offers Roadside assistance coverage and trip interruption reimbursement
- Not available in all states
- No mobile app
- No 24/7 support
With a MoneyGeek score of 92.92 and strong scores in affordability, Markel was rated the second-best motorcycle insurer in Oklahoma. For Oklahoma riders, a full coverage policy from Markel costs an average of $268 per year. And a liability-only policy costs $190 less at an average rate of $78 per year. Markel provides excellent add-on coverages to motorcycle insurance policyholders in addition to regular coverages. The company offers a discount if you install safety devices and equipment, such as an anti-theft alarm and anti-lock brakes on your motorcycle. Markel also gives a 25% discount on your deductible for each accident-free year. As per this program, if you have gone four years without filing a claim, the deductible will be reduced to zero. Markel also discounts the rates of responsible drivers who have had no more than one traffic violation in the previous three years. If you stay accident-free for four consecutive years, Markel's Accident Forgiveness Program waives the at-fault surcharge for your first at-fault incident.
- Covers dirt bikes and mopeds
- Offers a mobile app
- Impressive add-on coverages
- No insurance bundling available
- Cannot file a claim online
- Pricey for full coverage policies
Dairyland was ranked the third-best motorcycle insurance company in Oklahoma, with a score of 85.76. The company charges an average of $189 a year for liability-only motorcycle insurance coverage. A full-coverage policy will cost you an average of $269 per year. Dairyland is unique in that it caters to all motorcycle types regardless of model or manufacturer. When you insure multiple motorcycles with them, you get a discount. Customers who have been with Dairyland for over a year and want to update their bikes can take advantage of the company's loyalty discount. For those planning a ride longer than 100 miles, Dairyland's trip interruption motorcycle coverage will be beneficial. If your bike breaks down or is involved in an accident, the company will pay for food, lodging, towing and other necessary expenses.
How to Get a Motorcycle Insurance Quote in Oklahoma
You can easily get a motorcycle insurance quote online in Oklahoma by providing the following information:
- Zip code and address in Oklahoma where the bike will be located
- Previous address if you moved in the past six months
- Your date of birth
- Bike make, model and manufacturing year
- Your riding record
- Insurance coverage elections (for more information on this, see below)
How Much Motorcycle Insurance Coverage Do You Need in Oklahoma?
All bikers in Oklahoma are required by law to have at least liability-only coverage on their motorcycles. In Oklahoma, the state's minimum coverage requirements are as follows:
- $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 Oklahoma?
All motorcycles in Oklahoma are required to have a minimum liability-only coverage of 25/50/25. Such a policy will have $50,000 in coverage for all the parties injured in the accident along with a $25,000 limit per individual and a property damage limit of $25,000. If you are at fault for the accident, the insurance policy will be willing to pay for these claims.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Oklahoma?
As per the state law, it's not necessary for Oklahoma riders to have uninsured motorist, underinsured motorist or personal injury coverage (PIP) as part of their motorcycle insurance. However, you can enhance your protection by adding one or more of these coverages to your existing motorcycle insurance policy.
In Oklahoma, the incremental cost for a substantial increase in coverage is negligible. As a result, we recommend a full coverage policy of at least 50/100/25 coverage and ideally 100/300/100 coverage for most riders. Oklahoma’s law does not mandate uninsured motorist compensation (UM) or personal injury protection (PIP). However, we suggest that you add enough UM coverage to match your insurance policy's coverage and the basic level of PIP coverage, based on your affordability.
Frequently Asked Questions About Motorcycle Insurance in Oklahoma
You need to consider multiple factors while looking for a motorcycle insurance provider in Oklahoma. We’ve answered some of your frequently asked questions, including which company provides the cheapest insurance and the average motorcycle insurance costs in Oklahoma.
MoneyGeek has obtained motorcycle insurance rates, based on various coverage levels and driver profiles, directly from insurers. This will guide our users in finding which insurance company in Oklahoma is the most affordable. Three criteria were used for assessing the best motorcycle insurance firms in Oklahoma, including the cost of policies for Oklahoma (60% weighting), product offerings and services (30% weighting) and financial stability metrics from AM Best (10% weighting). MoneyGeek uses state DMVs' latest laws and insurance policy requirements to provide you with the most reliable and up-to-date information.
About the Author
- Dairyland. "Motorcycle Insurance." 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.
- Markel. "Motorcycle insurance discounts." Accessed May 10, 2021.
- Oklahoma Insurance Department. "Choosing your Automobile Insurance Policy." Accessed May 11, 2021.
- Progressive. "Motorcycle Insurance Coverages." Accessed May 10, 2021.