Motorcycle insurance covers your bike from natural disasters, fire, theft and accidents. In addition, having personal injury coverage can compensate you for your injuries if you are in an accident while riding your bike. MoneyGeek analyzed the average cost of motorcycle insurance in Oregon for different coverage levels. We also rated the companies based on affordability, customer support and financial stability and found the best motorcycle insurance provider in Oregon. Our research will be useful when you look around and compare companies that offer motorcycle insurance in Oregon to find the one that best meets your needs.
Motorcycle Insurance in Oregon: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Oregon
The cheapest motorcycle insurance in Oregon may only include the state-mandated liability-only coverage and might not be the best choice for a rider. Liability coverage does not cover your motorcycle or any damage incurred in the accident if you are at fault. Since it only covers injury and damage to property or other persons involved in the accident, a liability-only policy is less expensive. However, comprehensive and collision coverage is preferable because it offers more protection and coverage to the rider.
MoneyGeek used the profile of a low-risk rider with a good driving record and a 50/100/25 liability-only policy to compare rates for this report.
Cheapest Liability-Only Motorcycle Insurance Quotes in Oregon
For riders with a strong riding record looking for liability-only coverage, the following insurance providers offer the lowest average rates:
- Nationwide: $111 per year
- GEICO: $126 per year
Offering the most expensive liability-only motorcycle insurance policy is Markel. It charges $204 on average for a comparable policy, which is 45.5% higher than the quote from Nationwide.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Oregon
A full-coverage policy, which includes comprehensive and collision coverage, provides the rider with greater protection. The policy covers the costs of collision injuries, regardless of what the motorcycle collides with. 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 better than a liability-only policy that offers minimal coverage. After reviewing the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full-coverage policy, MoneyGeek ranked the following two companies in Oregon as the cheapest on average:
- Dairyland: $233 per year
- Progressive: $334 per year
Markel, the most expensive for a full-coverage policy, quoted an average annual cost of $544, which is 57.1% more than Dairyland's quote.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Oregon?
Motorcycle insurance rates in Oregon are affected by a number of factors, including coverage levels, motorcycle type, riding record, age and years of riding experience. MoneyGeek calculated the average cost of motorcycle insurance in Oregon for both full coverage and liability-only plans after comparing the rates from different companies.
A full-coverage policy in Oregon will cost you an average of $368 per year, or around $31 per month. This means the expense is $5 or 1% more than the national annual average.
A liability-only motorcycle insurance policy will cost you an average of $142 per year or $12 per month in Oregon. This rate is the same as the national average. However, keep in mind that a liability-only policy does not protect the motorcycle or any physical injury sustained in the accident.
Prices in Oregon were calculated using a motorcycle insurance policy with bodily injury liability coverage of $50,000/$100,000 and property damage coverage of $25,000. A full-coverage policy with PIP, uninsured and underinsured motorist minimum coverage and a $500 deductible were also considered.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in OregonAverage 12-Month National CostVariance
- Full Coverage$368$364$5
- Liability Only$142$141$NaN
The Best Motorcycle Insurance Companies in Oregon
MoneyGeek used a unique ranking system to rate various insurance companies in Oregon and find the best motorcycle insurers that have a good mix of affordability and quality. The analysis rated the companies based on Oregon-specific quotes, product offerings and choices, customer service, affordability and financial stability. Dairyland was rated as the best motorcycle insurance company in Oregon.
- Covers all types of bikes
- Offers a mobile app
- Ranked high on MoneyGeek’s affordability
- Cannot file a claim online
- Minimal discounts
- No insurance bundling possible
For the riders in Oregon, Dairyland was rated as the best motorcycle insurance provider. The company received strong scores across multiple categories and scored a total of 93.51 out of 100 points. If you opt for a liability-only policy through Dairyland, it will cost you an average of $138 per year. For a full-coverage policy, the average cost is $233 yearly. Dairyland covers all motorcycle types, including dirt bikes, regardless of model or manufacturer. Riders belonging to any riding club or motorcycle association are eligible for a discounted rate through Dairyland. Harley Owners Group members also get special discounts through Dairyland. The company will consider you for a multi-policy discount if you own the home where your bike is parked. Dairyland's trip interruption motorcycle coverage will come in handy for those planning a trip longer than 100 miles. If the bike breaks down or is involved in an accident, the company will cover the costs of food, accommodation, towing and so on.
- Rated top for product and service offerings
- 24/7 phone and online claims reporting
- Offers special discounts for retired and active military and law enforcement employees
- No mobile app
- Accident forgiveness coverage will be active only a year after the policy start date
- Can be expensive
Rated the second-best motorcycle insurance company in Oregon, Harley-Davidson scored 91.18 out of 100 points. The company’s liability-only motorcycle insurance policy costs an average of $141 per year in Oregon. A full-coverage policy, on the other hand, costs $337 per year on average. Harley-Davidson is unique for its exclusive products and service offerings. The roadside assistance coverage will benefit covered members if their bike stops during a ride due to battery failure, flat tire, fuel insufficiency, lost key, etc. The company provides optional service coverage, which includes non-factory-standard equipment. It also protects OEM parts if your bike is equipped with genuine Harley-Davidson components. If you are a member of the Harley Owner's Group, you will be entitled to a number of benefits and discounts. Additionally, if you are in an accident and your bike becomes unrideable, the company offers compensation through its rental reimbursement program, which covers your transportation costs.
- Offers a mobile app
- Wide range of add-on coverages
- Many discount opportunities available
- Large Accident Forgiveness is limited to certain policyholders
- Discounts not available in all states
- Restrictions are applicable in some policies
The MoneyGeek score of 90.69 ranks Progressive as the third-best motorcycle insurance company in Oregon. A full-coverage policy from the insurer costs an average of $334 per year for Oregon riders, while a liability-only policy costs an average of $130 per year. Progressive has a number of excellent coverage options that can be added to your motorcycle insurance policy. Progressive motorcycle insurance policies automatically cover custom and original equipment manufacturer (OEM) parts, depending on the components of your bike. The company's accident forgiveness is a unique feature. If you are in a minor accident, your insurance premium will not be increased as long as the claim is $500 or less. Impressively, for larger accidents, the company won't raise the insurance premiums if you have been a Progressive customer for at least four years and have been accident-free for at least three years.
How to Get a Motorcycle Insurance Quote in Oregon
Getting a motorcycle insurance quote online in Oregon is fairly easy. You just need to provide the following details or more:
- ZIP code and address in Oregon where the bike will be located
- Your date of birth
- Vehicle make, model and manufacturing year
- Your riding record
- Your riding experience level
- Insurance coverage elections (for more information on this, see below)
How Much Motorcycle Insurance Coverage Do You Need in Oregon?
Before buying a motorcycle insurance policy, it is important to understand the state's minimum coverage criteria. Oregon’s motorcycle insurance laws and requirements mandate all motorcycle riders buy a policy that includes no less than the following coverages:
- $25,000 per-person bodily injury liability
- $50,000 per-accident bodily injury liability
- $20,000 property damage liability
- Uninsured motorist coverage
- Underinsured motorist coverage
- Personal injury protection (PIP)
How Much Insurance Coverage Is Required in Oregon?
In Oregon, all motorcycles must have a minimum liability-only coverage of 25/50/20. This means that the motorcycle insurance policy will have up to $50,000 in coverage for all parties involved in an accident, with a $25,000 limit for one person and a $20,000 limit for property damage. Your insurance provider will be ready to pay for these coverages if you’re at fault for the accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Oregon?
Yes, besides bodily injury and property damage coverages, Oregon's state law requires uninsured motorist, underinsured motorist and PIP coverage for all motor vehicles.
According to the Oregon Department of Transportation, $15,000 in PIP coverage is required, as is $50,000 per accident for uninsured motorist coverage with limits of $25,000 per person.
For a large increase in coverage, you only have to pay a small incremental cost in Oregon. As a result, MoneyGeek recommends full coverage of at least 50/100/25 limits and ideally 100/300/100 limits for most riders. In Oregon, uninsured motorist coverage (UM) and personal injury insurance (PIP) are also required. We recommend that you match your insurance policy with the UM coverage and obtain the minimum necessary PIP coverage or more if you can afford it.
Frequently Asked Questions About Motorcycle Insurance in Oregon
Several factors need to be considered while looking for motorcycle insurance in Oregon. 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 Oregon.
To conduct this study, MoneyGeek obtained motorcycle insurance quotes directly from insurers based on various levels of coverage and driver profiles. This analysis will help you find the cheapest and the best motorcycle insurance company. The best motorcycle insurance companies in Oregon were chosen based on three criteria, including the cost of the policy in Oregon (60% weighting), products and service offerings (30% weighting) and financial stability metrics from AM Best (10% weighting). MoneyGeek used the most recent laws and insurance policy requirements from state DMVs to provide you with the most reliable and up-to-date details.
About the Author
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- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 10, 2021.
- Insurance Information Institute. "Facts + Statistics: Teen drivers." Accessed March 5, 2021.
- Oregon Driver & Motor Vehicle Services. "Insurance Requirements." Accessed May 10, 2021.
- Progressive. "Motorcycle Insurance Coverages." Accessed May 10, 2021.