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Motorcycle Insurance in Wisconsin: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in Wisconsin
Wisconsin is a tort state. This means you shoulder the expenses of the other person if you’re at fault in an accident. Having motorcycle insurance in Wisconsin helps you with those costs. Rates, however, vary depending on what carriers offer. The range in price widens further depending on which type of policy you get.
If you’re looking for an affordable option, liability-only could work for you. However, it’s important to remember that it only provides coverage for costs incurred by the other from injuries or property damage because of a covered accident. If your bike gets damaged, liability-only coverage doesn’t provide insurance for that. If you’re willing to put in a bit more money into your policy, you can opt for a full coverage policy. For most riders in Wisconsin, this is a better option because it includes collision and comprehension insurance, which protects you from damages to your bike.
For this analysis, MoneyGeek used the coverage of a good rider with 50/100/25 limits in a liability-only policy.
Cheapest Liability-Only Motorcycle Insurance Quotes in Wisconsin
After gathering motorcycle insurance quotes from several carriers in Wisconsin, MoneyGeek has found that, on average, riders can purchase cheap liability-only policies from:
- Progressive: $75 per year
- GEICO: $99 per year
Progressive’s rate is around 62.8% cheaper than Harley-Davidson, the most expensive provider, which offers a policy with a similar coverage with annual coverage of $201.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Progressive$75
- 2.GEICO$99
- 3.Nationwide$115
- 4.Markel$129
- 5.Dairyland$145
Cheapest Full Coverage Motorcycle Insurance Quotes in Wisconsin
If you get into an accident, having full coverage gives you better protection. Not only does it cover the other person’s expenses from injuries and property damage if you’re at fault, but it also covers the cost of damages to your bike. A full-coverage policy also includes comprehensive insurance, which protects your motorcycle from damages to your bike even when it isn’t moving, such as vandalism or theft. Although the premium is higher, you get better protection overall. Also, if you purchase your bike using bank financing, you’re likely to need a full-coverage policy rather than liability-only. MoneyGeek used a good rider’s profile with 50/100/25 coverages with a $500 deductible for comprehensive and collision coverage in this study.
For riders looking for full coverage policies, the carrier offering cheap motorcycle insurance in Wisconsin are, on average:
- Progressive: $168 per year
- GEICO: $189 per year
On the other end of the spectrum is Nationwide, offering a full coverage policy costing an average of $559 a year. In comparison, Progressive’s rate is around 70% lower. This means you could save hundreds of dollars each year by comparing motorcycle insurance quotes in Wisconsin.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.Progressive$168
- 2.GEICO$189
- 3.Dairyland$199
- 4.Harley-Davidson$260
- 5.Markel$371
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What Is the Average Motorcycle Insurance Cost in Wisconsin?
The average cost of motorcycle insurance can vary based on multiple factors. Insurers evaluate your age, type of motorcycle, coverage amounts and more when determining premiums. MoneyGeek collected quotes from multiple providers to determine average rates in Wisconsin.
On average, riders in Wisconsin pay $291 yearly for full-coverage motorcycle insurance. This is $73 or 20% less per year than the national average and provides you more coverage than a liability-only policy.
The average cost of motorcycle insurance in Wisconsin is $127 per year for a liability-only policy. This is $14 lower than the national average of $141 per year. Remember that this doesn’t cover your motorcycle or your injuries if you cause an accident.
The coverage used to determine Wisconsin averages were $25,000 for property damage and $50,000/$100,000 for bodily injury. A $500 deductible for full coverage policies, uninsured coverage and MedPay were also included.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in WisconsinAverage 12-Month National CostVariance
- Full Coverage$291$364-$73
- Liability Only$127$141-$14
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The Best Motorcycle Insurance Companies in Wisconsin
Using a unique rating system detailed in the methodology, MoneyGeek analyzed several carriers to identify which offered the best motorcycle insurance in Wisconsin. Affordability, although an important factor, was not the only area considered in this study. We also looked at their financial strength and the portfolio of their products and services. According to the stats, Progressive is the top insurer in Wisconsin.
Based on MoneyGeek’s study, the carriers that have the best motorcycle insurance in Wisconsin are as follows:
1
Progressive
Score:97
Pros
- Affordable rates
- Allows riders to submit claims through multiple channels
- Mobile app available
Cons
- Coverages vary by location
- Premiums vary depending on how you purchase your policy
- Not all discounts are available in different states
More About Progressive
Progressive takes the top spot with an overall score of 97.00 out of 100. Purchasing a liability-only policy from them costs you an average of $75 per year, while a full-coverage policy costs roughly $168 each year.
Having served over 18 million customers nationwide, Progressive one of the motorcycle insurance providers in Wisconsin that offers the most affordable rates. Getting your quote in advance already makes you eligible for a discount, even if it’s just a day before your policy takes effect. Most riders prefer to pay in installments since it’s easier on the pockets, but paying in full gives you a more affordable premium. Apart from the discounts, Progressive also has several supplemental coverages that offer more protection. You can opt for Enhanced Injury Protection, which pays you $250 a week for up to two years if you can't work due to a covered accident. If an accident results in your fatality, Progressive pays your beneficiaries $25,000, similar to life insurance. They also cover damage or loss to any personal belongings you carry on your bike, which not all insurers offer.
2
Dairyland
Score:89
Pros
- 24/7 support for claims
- Able to provide an SR-22 for most riders
- Mobile app available
Cons
- Policies not available in all states
- Discounts vary by state
- No online option for filing claims
More About Dairyland
Dairyland earned an overall score of 89.37 out of 100, earning it second place in MoneyGeek’s rankings. A full-coverage motorcycle insurance policy in Wisconsin costs an average of $199 each year. Liability-only is cheaper, with an average annual rate of $145.
Dairyland understands how vital protection is for a rider’s motorcycle. In the years they have been in business, this is the driving force behind the various programs they offer motorcycle owners on top of standard policies. Riders who often have someone riding with them can provide coverage for their passengers with Dairyland’s Guest Passenger coverage. You can also ensure your bike's parts are replaced with ones from the original manufacturer by purchasing a supplemental coverage called Physical Damage Plus. If you’re worried about adding too much to your premium, you can offset it by looking at Dairyland’s roster of discounts. Loyalty is rewarded, which is why you get lower rates if you renew your premium or if you replace your bike with a new one and choose to insure it with them. If you used a different insurer previously, switching to Dairyland insurance makes you eligible for a transfer discount.
3
GEICO
Score:87
How to Get a Motorcycle Insurance Quote in Wisconsin
To find the best possible deal on insurance, one good practice is to compare quotes from different carriers. Getting rates online is easy as long as you have the following information handy:
- Your and driving experience
- Details of all other riders who drive the bike
- Where you keep your bike in Wisconsin
- How you use your motorcycle
- Your motorcycle’s make, model and year
- Your preferred coverages (see below for more information)
Compare Motorcycle Insurance Rates
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 Wisconsin?
Every state mandates a different minimum coverage limit. Part of being a responsible rider is knowing Wisconsin’s insurance laws and requirements. Your motorcycle insurance in Wisconsin should at least have the following coverages:
- $25,000 per-person bodily injury liability
- $50,000 per-accident bodily injury liability
- $10,000 property damage liability
- Uninsured motorist coverage
- MedPay
How Much Insurance Coverage Is Required in Wisconsin?
According to insurance laws in Wisconsin, motorcycle policies should have at least 25/50/10 coverage. This means that your insurer will pay a maximum of $50,000 for injuries in an accident, with each person having a maximum limit of $25,000. Any damage sustained by the other person’s property will be covered up to $10,000.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Wisconsin?
Your motorcycle insurance in Wisconsin should include uninsured motorist coverage. This helps you in case the rider at fault does not have insurance and cannot pay. More than this, policies in Wisconsin also require MedPay, which covers your medical bills. It is different from Personal Injury Protection (PIP), which also covers your medical expenses, but goes beyond that and includes loss of wage and more.
MONEYGEEK EXPERT TIP
Although a 50/100/25 coverage fulfills Wisconsin’s insurance requirements, adding a small amount to your premium will result in a substantial coverage increase. MoneyGeek recommends increasing your limits to 100/300/100. Since uninsured motorist coverage and MedPay are also required, it’s best that their limits meet the minimum state requirement or, if possible, match your policy limits.
Frequently Asked Questions About Motorcycle Insurance in Wisconsin
Being a tort state, making sure you have adequate motorcycle insurance in Wisconsin is critical. Here are several questions often asked by riders about purchasing insurance for their bikes.
Whether you’re looking to purchase liability-only or full coverage for your motorcycle insurance in Wisconsin, the carrier that can offer you the cheapest rates is Progressive. Its liability-only policy costs $75 per year on average, while full coverage costs $168 for the same duration.
The average cost of motorcycle insurance in Wisconsin is $291 annually for a full-coverage policy. Liability-only insurance costs $127 per year on average.
Considering the areas of affordability, financial strength and product portfolio, MoneyGeek’s analysis identified Progressive as the carrier offering the best motorcycle insurance in Wisconsin.
Yes, riders in Wisconsin are required to have motorcycle insurance. Apart from the basic liability coverages, it should also include uninsured motorist coverage and MedPay.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
Top motorcycle insurance companies in Wisconsin were determined using three areas with varying weights. Affordability made up 60% of the overall score, their product portfolio contributed 30% and the remaining 10% was based on financial strength metrics from AM Best. The carriers with the most affordable motorcycle insurance rates in Wisconsin were identified by comparing several quotes. To ensure the information on insurance laws and requirements in Wisconsin is accurate and current, MoneyGeek used data from the DMV, Wisconsin’s Department of Transportation and the Office of the Commissioner of Insurance.
About Mark Fitzpatrick
sources
- Bikebound. "Wisconsin Motorcycle Insurance." Accessed May 10, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Nolo. "Wisconsin Car Insurance Requirements." Accessed May 10, 2021.
- The Ashmore Law Firm, P.C. "What is the Difference Between Medical Pay and Personal Injury Protection?." Accessed May 10, 2021.
- Wisconsin Department of Transportation. "Minimum Insurance Requirements." Accessed May 10, 2021.
- Wisconsin Officer of the Commissioner of Insurance. "Consumer’s Guide to Auto Insurance." Accessed May 10, 2021.