Top Rated Motorcycle Insurance Companies | PropertyCasualty360

Geico

Best AM rating: A++ (Superior)

JD Power Customer Satisfaction Rating (1000 point scale): 871

(Credit: Geico)

marcel

Best AM rating: A (Excellent)

JD Power Customer Satisfaction Rating (1000 point scale): N / A

(Credit: Markel)

USAA

Best AM rating: A++ (Superior)

JD Power Customer Satisfaction Rating (1000 point scale): 890

(Credit: USAA)

progressive

Best AM rating: A+ (Superior)

JD Power Customer Satisfaction Rating (1000 point scale): 856

(Credit: Ken Wolter/Shutterstock.com)

dairy country

Best AM rating: A+ (Superior)

JD Power Customer Satisfaction Rating (1000 point scale): N / A

(Credit: Dairyland)

At national scale

Best AM rating: A++ (Superior)

JD Power Customer Satisfaction Rating (1000 point scale): 876

(Credit: National)

A symbol of America’s rebellious spirit, motorcycle registrations have steadily increased over the years. the Insurance Institute for Road Safety (IIHS) reported that registrations have roughly doubled since 2002, from 4.3 million to 8.6 million in 2021.

Along with the number of registered motorcycles, the average age of registered motorcycles is also increasing. In 2002, the average age of registered motorcycles was nine years old, while in 2021 the average bike was 13 years old. Half of motorcycles registered last year were at least 13 years old, according to the IIHS.

Not surprisingly, California and Florida have the most motorcycle registrations, accounting for 952,977 and 645,012 respectively, according to IIHS figures.

The growing number of people riding motorcycles with bikes that have luxurious and advanced systems (such as ABS) is expected to propel the market in the coming years. Globally, the motorcycle insurance market is expected to grow 5%, compounded annually, through 2025, according to Future of Market Research.

The slideshow above highlights the top-rated motorcycle insurance companies based on AM Best Ratings and JD Power’s Customer Satisfaction Index, according to ValuePenguin.com. Regarding the latter, the JD Power ratings listed are based on auto insurance claims satisfaction, as the organization does not segregate motorcyclists separately. ValuePenguin noted that both types of customers are likely to have similar experiences.

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Kristan F. Talley