Can you bundle auto and motorcycle insurance?
Yes, you can bundle your motorcycle insurance with your car insurance, and most carriers offer discounts ranging from 10% to 20%.
"If your insurer offers both auto and motorcycle coverage, most likely they will allow you to bundle these and earn a multi-policy discount," said Mark Friedlander, senior director of media relations at the Insurance Information Institute.
Bundling auto and home policies is the most common type of pairing, but many carriers offer multi-policy discounts on a wide variety of policies, from condo to life insurance.
"You can also bundle other policies, including condo and auto, renters and auto, renters and motorcycle, condo and motorcycle, and home and umbrella," Friedlander said. "Many carriers also allow customers to bundle life insurance with another policy if they offer life coverage."
Should I bundle car and motorcycle insurance?
You should bundle your motorcycle and auto insurance policies if the combined premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. with the discount is cheaper than buying the two policies from separate companies. Compare quotes with and without the bundle to see which is the best deal on your coverage.
Bundling your coverage reduces your premiums on both policies and could save you hundreds, Friedlander noted.
"Bundling car and motorcycle insurance is a great way to reduce your annual premium, possibly yielding hundreds of dollars in savings a year," he said.
However, it's not always the cheapest overall option; in some cases, two separate carriers may be cheaper.
What companies bundle car and motorcycle insurance policies?
Major carriers like Allstate, American Family, GEICO and Progressive offer auto and motorcycle bundles, as well as non-standard carriers like Dairyland, which caters to higher-risk drivers.
Carriers offering bundling of auto and motorcycle insurance include:
- Allstate
- American Family
- Dairyland
- Farmers
- GEICO
- Liberty Mutual
- Nationwide
- PEMCO
- Progressive
How to bundle auto and motorcycle insurance coverage
To bundle your auto and motorcycle insurance, research carriers in your area offering both policies with discounts, compare quotes from multiple carriers, and select the option that provides the right coverage at the best price.
- Find auto insurance companies in your area that offer bundling discounts for motorcycles. Research the carriers available in your area, and consider both national and smaller, regional carriers that offer both car and motorcycle insurance policies.
- Compare car and motorcycle bundle quotes. Request quotes from multiple carriers and compare them on coverage and rates. You can do this with the help of a local agent or by comparing quotes online. "Work with an insurance agent to request quotes from various insurers. This will allow you to see who can give you the best pricing for your desired coverage options," says Rebecca Sheena, an agent with Meadowbrook Insurance Agency in Southfield, Michigan.
- Consider carrier reputation. It's important to choose a carrier with a solid reputation, so check customer reviews, J.D. Power satisfaction ratings and NAIC complaints data.
- Select your carrier and start your policies. Once you have paid your premium and chosen a start date, cancel any policies you will no longer need, ensuring there is no gap in coverage.
How much can you save on car and motorcycle insurance by bundling?
Auto and motorcycle discounts range from 10% to 20%, depending on the carrier. Many carriers offer additional discounts for switching your motorcycle coverage.
"Some insurers may offer additional discounts, such as an extra 5 to 10% off just for switching your motorcycle coverage to them from another carrier," Friedlander said.
FAQ: Motorcycle and car insurance bundles
Is bundling car insurance and motorcycle insurance policies worth it?
Bundling is worth it if the total cost for both policies is cheaper with a single company than it would be to purchase them separately. Bundling discounts range from 10% to 20%, but if the base rate for one policy is much lower with another carrier, the total cost may be lower than bundling.
What does a motorcycle insurance policy cover?
Motorcycle insurance coverages include liability coverage, comprehensive coverageComprehensive coverage helps pay for damage to your car caused by events other than a collision, such as theft, fire, vandalism, or natural disasters. It is subject to a deductible., collision coverage, personal injury protectionPersonal injury protection (PIP) pays for your medical, hospital and funeral expenses resulting from a car accident, regardless of who's at fault. and roadside assistance. Motorcycle policies also frequently include coverage for equipment and passenger injuries.
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