How Does Multi-Bike Insurance Work?
Insuring more than one motorcycle can quickly get tedious and expensive. With multi-bike insurance, you can add numerous bikes to a single insurance policy instead of having a separate policy for each.
Here’s how a typical multi-bike insurance policy would work:
- You get a quote from your preferred insurer for one bike, then add two others as “additional vehicles.” The process works the same way as insuring multiple cars on an auto policy.
- Your premium will likely reflect the cost of insuring the most expensive bike. You can add the other two bikes to the policy at a discounted rate.
- Your state-required liability insurance (bodily injury and property damage) will typically be the same for all three bikes on the policy.
- You’ll have the option to add coverage like comprehensive and collision insurance for each bike based on your needs.
- You may also be able to buy optional coverage like roadside assistance and accessory coverage for each bike.
For example, let’s say you have two higher-value motorcycles and one fixer-upper. You might choose to add comprehensive and collision insurance to the policies for the more valuable bikes and decline it for the one that’s worth less.
You can easily add or remove a bike from the policy anytime you need to. Most insurance companies allow you to insure up to four motorcycles on a multi-bike policy, but some allow for even more.
The Benefits of Multi-Bike Insurance
Here are the main benefits of multi-bike insurance:
- Save money. Many insurers provide discounts for bundling policies together. Geico, for example, offers a 10% discount when you insure more than one motorcycle on the same policy. These discounts differ between insurers, so it’s good to shop around.
- Save time. Getting a quote for multiple bikes at the same time is quicker than getting a quote for each individually. It’s also faster to pay one premium monthly and keep track of a single policy as opposed to two or three.
- Increase convenience. A multi-bike policy allows you to pay for and manage your coverage for multiple bikes all at once. You can do it all in the same place without having to deal with different customer service lines, online portals or passwords.
Can I Insure Multiple Riders With a Multi-Bike Policy?
If multiple people in your household ride your motorcycles, you can also insure them on your multi-bike policy.
Motorcycle insurance doesn’t require you to include all licensed members of your household on the policy. If anyone else who lives with you rides any of your motorcycles regularly, though, you should add them to your insurance plan to make sure everyone is properly protected.
Adding other riders may raise your premiums, especially if the additional riders have had any accidents or violations within the last three years.
For example, a quote from Progressive for two motorcycles and one biker with a clean driving record came to $615 per year. When we added another biker with a single speeding violation, that same quote jumped to $700 per year.
Regardless of any rate increases, it’s important to include anyone who rides the motorcycle on your policy. Always be honest and upfront about accidents and violations. Most insurers will check all driving records before issuing the quote anyway, so save yourself time by reporting accurately from the start.
Multi-Bike Insurance Requirements and Restrictions
The only difference between a standard motorbike insurance policy and a multi-bike policy is that instead of insuring one motorcycle, you’re insuring two or more. Some insurers cap the number of bikes it will cover (usually four) under one policy, while other insurers who specialize in multi-bike insurance will insure as many motorcycles as you like.
Multi-bike insurance can cover all of the following types of bikes:
- Sport bikes
- Dirt bikes
- Cruisers
- Custom bikes
- Vintage and antique bikes
- Touring bikes
- ATVs and UTVs
- Scooters
- Mopeds
If you have high-value vintage, antique or collectible motorcycles, you may want to find an insurer that specializes in these types of bikes. If you have more than four motorcycles, consider looking for a provider that regularly insures entire collections.
Top Multi-Bike Insurance Recommendations
Most major motorcycle insurers will allow for more than one bike on a policy. Here you can compare our recommendations for the best multi-bike insurance companies.
Geico: Editor’s Choice
Known for having some of the lowest rates in the industry, Geico is a great place to start shopping for multi-bike insurance. Geico offers protection for sport bikes, cruisers, touring bikes, Enduros, scooters, dirt bikes, trikes and some custom bikes. You can insure up to nine bikes on a single policy, according to a quote we collected.
A multi-bike policy from Geico includes state-mandated liability coverage for all bikes plus optional added coverage like comprehensive or collision insurance. You can add this coverage to all bikes or restrict it to specific ones depending on your needs.
Geico also offers multiple ways to save, including:
- New customer discount of up to 10% discount when you transfer your motorcycle insurance to Geico
- Multi-bike or bundling discounts of up to 10% discount if you insure more than one motorcycle
- Mature riders discount of up to 10%
- Renewal discount of up to 10% discount when you renew your motorcycle insurance with Geico
- Motorcycle Safety Foundation or Military Safety Course discount of up to 10%
- Motorcycle Safety Foundation Instructor discount of up to 20%
- Up to 5% off your motorcycle policy if you also insure your car with Geico
The MarketWatch Guides team awarded Geico our Editor’s Choice based on its low rates and great reputation. If you have many bikes to insure and a limited budget, Geico is likely your best bet.
Read more: Geico Motorcycle Insurance
Progressive: Most Comprehensive Coverage
Progressive ranks high on our list of excellent motorcycle insurance providers due to its wide selection of coverage options. Progressive’s motorcycle insurance covers sport bikes, dirt bikes, cruisers, custom bikes, vintage bikes, touring bikes, ATVs and UTVs, scooters and mopeds and will insure up to four motorcycles on one policy.
A multi-bike insurance policy from Progressive can include all of the following coverage options:
| Liability limits for property damage and bodily injury | You’ll need to purchase at least enough to meet your state’s minimum requirements. |
| Uninsured/underinsured motorist bodily injury | These protect you if you get hit by someone who has no insurance or not enough insurance to cover your expenses. |
| Medical payments | This covers your medical bills if you or your passengers sustain injuries in an accident. |
| Comprehensive coverage | This protects your bike from theft, vandalism or other damage that happens outside of an accident. This includes damage from fire, hail, fallen tree branches and other natural hazards. |
| Collision coverage | This protects your bike if it gets damaged in a covered accident. |
| Safety riding apparel | This covers safety gear like helmets, gloves, jackets and boots for damage sustained in a covered accident. |
| Travel trailer | This coverage protects trailers you use to transport your motorcycle, even when the trailer is not in use. |
| Roadside assistance | This covers the cost of getting your bike towed to the nearest repair shop if you break down. |
| Trip interruption | This can help cover the cost of food and lodging while your bike’s gets repaired if you break down far from home. |
| Carried contents | This covers repair or replacement costs for personal belongings you were carrying on your motorcycle (such as your phone or laptop) if they get damaged in a covered accident. |
| Accessory coverage | This will help repair or replace custom parts and equipment on your bike after a covered accident. |
Read more: Progressive Motorcycle Insurance
Multi-Bike Insurance: The Bottom Line
Whether you’re insuring two motorcycles or half a dozen, multi-bike insurance may simplify the process and likely save you money to boot. It allows you to bundle coverage for all your motorcycles on one policy, saving you time and hassle and typically netting you a discount too.
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Multi-Bike Insurance: FAQ
Below are frequently asked questions about full coverage motorcycle insurance:
Multi-bike insurance is a policy that covers more than one bike. The policy makes your insurance easier to manage while still allowing you to customize your coverage for each bike.
You can get multi-bike insurance from most carriers. To do this, add your other bikes as “additional vehicles” when getting a quote online or request multi-bike coverage from your insurance agent.
We awarded Geico with our Editor’s Choice for the best bike insurance. Geico covers a wide range of motorcycles and offers riders many ways to save with numerous discounts.
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best motorcycle insurance companies. We collected data on dozens of motorcycle insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Cost: Motorcycle insurance quotes obtained through secret shopping and discount opportunities were both taken into consideration.
- Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Reputation: Our research team considered market share, ratings from industry experts and years in business when giving this score.
- Availability:Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
- Customer Experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings. We also considered the responsiveness, friendliness and helpfulness of each motorcycle insurance company’s customer service team based on our own shopper analysis.
*Data accurate at time of publication.
