Geico Motorcycle Insurance Review [2024]

Geico insurance stands out as a top choice for motorcycle riders seeking comprehensive coverage and reliable service. With a long-standing history of excellence dating back to 1936, Geico’s A++ rating from A.M. Best reflects its financial stability and commitment to customer satisfaction. 

Offering a range of coverage options tailored to meet riders’ needs, Geico provides competitive rates and extensive discounts, making motorcycle insurance affordable and accessible. 

While some customers have reported minor issues with billing and communication, Geico’s low complaint level and positive customer reviews highlight its overall reliability and value in the insurance market.

What You Should Know About geico

Company Contact Information:

• Geico Insurance
• Website: www.geico.com
• Phone: 1-800-861-8380

Related Parent or Child Companies:

• Geico is a subsidiary of Berkshire Hathaway Inc.

Financial Ratings:

• A++ rating from A.M. Best

Customer Service Ratings:

• Overall positive customer reviews highlighting excellent customer service

Claims Information:

• Claims can be filed online, through the Geico mobile app, or by calling their claims hotline at 1-800-861-8380.

Company Apps:

• Geico offers a mobile app for policy management, claims filing, and other insurance-related tasks. The app is available for download on both iOS and Android devices.

geico Insurance Coverage Options

Why do you need a separate motorcycle policy?

Motorcycles require a separate insurance policy because insurance companies consider them a higher risk than cars. In 2019 alone, there were 5,014 fatalities involving motorcycle accidents, which equals 58.33 deaths per 100,000 registered motorcycles.

Compare that to 12.06 deaths per 100,000 registered cars. So you can understand why insurance companies look at motorcycle drivers as more likely to file a claim.

Aside from the risks, having a policy on your motorcycle can help protect your bike from whatever comes your way.

Geico provides a range of coverage options tailored to meet the needs of motorcycle riders. These coverage options include:

• Liability coverage: Protects against bodily injury and property damage liability in the event of an accident where the insured is at fault.
• Collision coverage: Covers damage to the insured motorcycle resulting from a collision with another vehicle or object.
• Comprehensive coverage: Offers protection against non-collision incidents such as theft, vandalism, fire, or natural disasters.
• Medical payments coverage: Covers medical expenses for injuries sustained by the insured rider and passengers in an accident.
• Uninsured/underinsured motorist coverage: Provides coverage if the at-fault party in an accident does not have insurance or has insufficient coverage to pay for damages.

These coverage options offer comprehensive protection for motorcycle riders, ensuring they are financially protected in various scenarios on the road.

Read more: Does car insurance cover motorcycles?

geico Insurance Rates Breakdown

How much should you expect to pay for Geico motorcycle insurance?

Motorcycle insurance coverage works pretty much the same way auto insurance works. Just like car insurance, most states have a minimum requirement for motorcycle insurance.

The minimum amount of liability insurance you need covers damage you cause in an accident where you’re at fault. Of course, some drivers purchase higher liability limits to cover more serious accidents. On top of the minimum requirements for insurance, you can purchase other coverage as well.

Geico Motorcycle Insurance Monthly Rates

With all these options, Geico can provide the coverage you need to drive your motorcycle safely.

How much are Geico motorcycle rates?

The exact price of your insurance will depend on various factors, just like car insurance does. To get an idea of what Geico insurance quotes will look like for you, keep the following factors in mind.

• Gender: Statistically, men are involved in more accidents than women, which is why insurance companies partially base your rate on your gender.
• Age: Teens, young adults, and seniors are more likely to file a claim.
• Credit score: While it doesn’t affect your chances of filing a claim, insurance companies see a low credit score as less likely to pay the monthly bill on time.
• Car make, model, and year: Insurance companies live and die on numbers – they have detailed information on how likely you are to make a claim based on your vehicle, down to the color of your ride.
• Driving record: Having even a single speeding ticket will negatively affect your rates. See our article How much does motorcycle insurance increase with a speeding ticket? If you have something serious like a DUI, you might not even be eligible for coverage at all.
• Location: Just like your car, insurance companies have detailed stats on the area you live in. If there are a lot of claims in your area, your rates will go up.
• Annual mileage. The more miles you drive, the more likely you are to file a claim.
• Marital status. For some reason, married couples are less likely to file a claim than their single counterparts.

Keeping these factors in mind, how much will Geico motorcycle quotes be?

Obviously, the more coverage you need, the more it will cost. So if you’re interested in Geico quotes, you should either speak with an agent or start an online request. Also, just as you would find and compare auto insurance quotes, you can use the same methods to find and compare motorcycle insurance quotes.

Is Geico motorcycle insurance more expensive than other companies?

As far as prices go, Geico is typically a little below the national average when you compare them state by state.

Geico Full Coverage Auto Insurance Monthly Rates by State

As an example of Geico’s lower rates, consider a driver from Arizona. The average price of full coverage for a motorcycle in that state is $156, but Geico averages about $70.

Read more: Cheapest Auto Insurance for Motorcycles

geico Discounts Available

You can shave money off your Geico motorcycle insurance quote with several unique discounts:

Up to 10% discount availability:

• Transfering your motorcycle insurance to Geico
• Insuring more than one motorcycle
• Being a mature rider
• Renewing your motorcycle insurance with Geico
• Completing a Motorcycle Safety Foundation or Military Safety Course

Additional discounts:

• Up to 20% discount if you are a current Motorcycle Safety Foundation instructor
• Up to 5% discount on your motorcycle policy if you also insure your car with Geico. Learn more about bundling in our article on home and auto insurance bundles.

How geico Ranks Among Providers

Geico insurance operates in a highly competitive insurance market, particularly in the motorcycle insurance segment. Some of the main competitors of Geico in the motorcycle insurance industry include:

• Allstate: Allstate is known for its comprehensive insurance offerings, including motorcycle insurance. They offer customizable coverage options and various discounts, aiming to attract motorcycle riders seeking reliable coverage and customer service.
• Nationwide: Nationwide offers motorcycle insurance coverage with a focus on customizable options and competitive rates. They provide coverage for various types of motorcycles and offer discounts for safe riders and policy bundling, posing as a strong competitor to Geico. See our Nationwide motorcycle insurance review.
• Progressive: Progressive is one of the largest motorcycle insurance providers in the United States, known for its wide range of coverage options and competitive rates. They offer similar coverage options to Geico, including liability, collision, comprehensive, and medical payments coverage.
• State Farm: State Farm is another major player in the insurance industry, offering motorcycle insurance coverage across the country. They provide various coverage options and discounts tailored to motorcycle riders, competing with Geico in terms of coverage breadth and customer service.

These competitors challenge Geico by offering similar coverage options, competitive rates, and attractive discounts, driving the need for Geico to continuously innovate and provide value to its customers to maintain its competitive edge in the motorcycle insurance market.