Find the Best Motorcycle Insurance Options in Illinois
There are more than 315,000 registered motorcycles on Illinois roads this year. Of these, only about 1% will file motorcycle insurance claims for accidents, which breaks down to about 3,150 accident claims. But having the proper motorcycle insurance can help provide financial reimbursement for more than just accidents. It can also help cover medical treatments, theft, repairs, and more. And just having enough coverage to satisfy the motorcycle laws in Illinois may not be enough to fully protect you.
Fortunately, an independent insurance agent in Illinois can get you set up with all the motorcycle insurance you need. They'll get you matched to the right policy quickly and efficiently. But first, here's a breakdown of Illinois motorcycle insurance requirements and more.
Best Motorcycle Insurance Companies in Illinois
Motorcycle insurance in Illinois is sold by many different carriers. However, not all insurance companies offer the same rates and coverage options for motorcycle insurance.
That's why we've compiled this list of only the best motorcycle insurance companies in Illinois for your convenience. When it's time to get covered with the right Illinois motorcycle insurance, start by looking into these top-rated carriers.
- Nationwide: Some of the lowest prices for motorcycle insurance in Illinois come from Nationwide, which offers policies for just $457 per year or about $38 per month. The carrier also offers good customer service for policyholders. Further, Nationwide offers motorcycle insurance extras including custom equipment coverage and roadside assistance.
- Progressive: Affordable motorcycle insurance in Illinois is also available from Progressive, which offers policies for an average of $642 per year or $53.50 per month. Progressive also ranks highly thanks to its coverage options for motorcycle insurance in Illinois, like replacement cost coverage, custom parts and accessories coverage, and trip interruption coverage. Further, Progressive has outstanding customer service ratings.
- Dairyland: Motorcycle insurance prices in Illinois from Dairyland aren't quite as affordable as our previous mentions, at an average of $819 per year or about $62 per month. However, Dairyland offers excellent coverage options in its motorcycle insurance, like rental reimbursement coverage, which carriers like Nationwide don't offer. Dairyland also offers enhanced original manufacturer parts coverage and roadside assistance.
An Illinois independent insurance agent can help you find the right motorcycle insurance from one of these trusted carriers.
Is Motorcycle Insurance Required in Illinois?
Since motorcycles are considered on-the-road vehicles in Illinois, the state requires all motorcycles to have a certain level of liability insurance before they can be registered for road use. State law requires liability coverage of $25,000 in bodily injury liability for a single individual, $50,000 for all individuals in an accident, and $20,000 in property damage liability.
Additionally, Illinois motorcycle insurance requirements dictate that riders must carry uninsured/underinsured motorist bodily injury coverage of at least $25,000 per person and $50,000 per accident. Illinois along with 46 other states and DC require motorcycle insurance.
The amount of Illinois motorcycle insurance coverage you need may be more than what's required by state law. You’ll have to look at your financial situation and your ability to pay for damages and injuries if you get involved in an accident. For example, if you have assets that could be liquidated to pay costs associated with accidents, you may opt to have higher deductibles, or even less coverage in some situations.
Be sure to ask yourself whether you could replace your bike if it were a total loss. Questions like this will help you determine how much coverage above the state minimum you will need to protect yourself financially. Having enough motorcycle insurance before an incident occurs is critical for allowing you to more easily recover from any potential damages.
What Does Illinois Motorcycle Insurance Cover?
In the most basic definition, motorcycles are essentially bicycles with a motor. They include choppers, sport bikes, motocross bikes, dirt bikes, and even scooters. While dirt bikes typically are not required to have insurance, bikes that are considered “street legal” do have insurance requirements in most states, including Illinois.
Street-legal motorbikes generally require insurance that's similar to most other street vehicles, like cars and trucks. Illinois motorcycle insurance is designed to protect you from financial losses due to an accident or another event that causes damage to your bike, to yourself, or to another person or their property.
The basic, required coverage types are:
- Property damage liability: This pays for damage to another vehicle or object as a result of an accident in which you're at fault, up to the policy limit.
- Bodily injury liability: This pays for injuries caused by an accident you're at fault for, up to the policy limit. Property damage liability and bodily injury liability insurance both can help pay for legal fees associated with a lawsuit.
- Uninsured/underinsured motorist bodily injury: This covers expenses related to the treatment of your injuries after an accident in which another vehicle operator is at fault and doesn't have any or enough coverage to pay for their share of the damages.
Most policies have some exclusions. Therefore, be sure to read the fine print of your policy, or ask your independent insurance agent to go over the fine print with you in detail so you understand exactly what you’re getting.
Optional Motorcycle Insurance Coverages in Illinois
You might need more types of coverage to complete your motorcycle insurance policy. Adding more kinds of coverage to your Illinois motorcycle insurance can be beneficial because you'll have greater potential to get financial reimbursement for more kinds of disasters.
For example, adding coverage for your custom equipment can help you recoup a large investment you made, which you otherwise wouldn't get after an accident with only basic coverage. There are many additional types of coverage you could add to your Illinois motorcycle insurance, including:
- Collision coverage: Pays for damage to your bike from a collision with another driver, regardless of fault.
- Comprehensive coverage: Pays for damage to your bike due to a non-collision event such as a flood or theft.
- Medical payments coverage: Pays for medical bills incurred as a result of injuries to yourself and/or your passengers after an accident.
- Custom equipment coverage: Pays for parts and equipment on your motorcycle considered aftermarket, or those not installed by the manufacturer.
- OEM endorsements: Short for original equipment manufacturer (OEM), these endorsements provide new parts from the original manufacturer when your motorcycle is in need of repairs.
- Carried contents coverage: Pays for your personal property carried on your motorcycle, including camping gear or cell phones, if it gets damaged by a covered cause.
- Roadside assistance coverage: Pays for the costs of towing and other roadside assistance services if you break down while out on the road on your motorcycle.
- Gap coverage: Pays for the difference between what's owed on a motorcycle loan or lease and the current value of the vehicle after an accident or theft.
An Illinois independent insurance agent can help further explain the differences in collision coverage vs. comprehensive coverage. They'll help you get equipped with all the additional types of motorcycle insurance coverage you need.
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How Much Does Motorcycle Insurance Cost in Illinois?
The average cost of motorcycle insurance in Illinois is $739 per year or about $61.58 per month. However, the cost of your motorcycle insurance policy will vary depending on a number of different factors. The insurance company you get your coverage through and any discounts you qualify for are just a couple of those factors.
But the cost of Illinois motorcycle insurance also depends on where exactly in the state you live, as rates differ down to the specific city. Local crime rates and the area's risk of natural disasters can impact your insurance premiums. Further, how often you use your motorcycle and how much coverage you need will impact the cost of your coverage.
Here are just a few factors that influence the cost of Illinois motorcycle insurance:
- Exact location
- Motorcycle usage frequency
- Customizations to your motorcycle
- Value of the motorcycle
- Coverage amounts needed
- Age of the driver
- The owner's driving history
An Illinois independent insurance agent can help provide you with exact quotes for motorcycle insurance from several different local carriers.
Illinois Motorcycle Insurance Cost by City
The rate of your Illinois motorcycle insurance varies by the city you live in. The value of motorcycles in your town and the local theft risk are just a couple of influencing factors. Here are some of the major cities in Illinois and their average motorcycle insurance rates.
|Major Illinois City||Average Cost of Motorcycle Insurance Per Year|
Illinois Motorcycle Insurance Discounts
Motorcycle owners in Illinois can save money on their coverage with motorcycle insurance discounts. Depending on the carrier you go through, different discounts will be available. But here are a handful of some common motorcycle insurance discounts offered by most carriers in Illinois:
- Membership discounts: Available to motorcyclists who have a membership in a qualifying organization or riding association.
- Homeowner discounts: Available to motorcyclists who are also homeowners.
- Paid-in-full discounts: Available to motorcyclists who pay their annual motorcycle insurance premium in full each year.
- Bundling discounts: Available to motorcyclists who bundle their motorcycle insurance with other policies they have through the same carrier, like car insurance, home insurance, or renters insurance.
- Safety course discounts: Available to motorcyclists who complete a certified motorcycle safety course.
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How to Get an Illinois Motorcycle Insurance Quote
Because motorcycle insurance is required in the state of Illinois, it's not difficult to find the coverage you need to protect your motorbike from loss. However, every rider is different, and it's important to find a personalized policy for your specific situation.
Are you a rider who stays in your local area, or are you one who travels all over the state and beyond state lines? How much did you spend on your bike? Have you made several costly upgrades to it? Will others in your family be riding? These may just be some of the questions your agent will ask to determine the right amount of Illinois motorcycle insurance for you.
To make sure you don’t get too much coverage or pay too much for the Illinois motorcycle insurance coverage you need, meet with a local independent insurance agent in the Trusted Choice network to get help evaluating your coverage needs. Your agent can help you quickly compare Illinois motorcycle insurance quotes and policies from different insurers. For convenience and protection at a reasonable price, contact a local Trusted Choice independent insurance agent today.
Illinois Motorcycle Insurance FAQ
What your Illinois motorcycle insurance covers depends on the types of coverage you select to go into your specific policy. State law requires all riders to carry at least property damage liability and bodily injury liability coverage as well as uninsured/underinsured motorist bodily injury coverage, but you may choose to add more protection to your policy. For example, you may choose to add coverage for collision or custom parts on your bike.
Yes, Illinois state law requires all riders to have motorcycle insurance before they can hit the road. Illinois law requires all motorcyclists to carry liability coverage of $25,000 in bodily injury liability for a single individual, $50,000 for all individuals in an accident, and $20,000 in property damage liability, as well as uninsured/underinsured motorist bodily injury coverage of at least $25,000 per person and $50,000 per accident.
Our research found that the best motorcycle insurance company in Illinois is Nationwide. Nationwide offers highly affordable motorcycle insurance rates of just $457 per year. Additionally, Nationwide offers custom equipment coverage and roadside assistance.
We found that the cheapest car insurance company in Illinois is American Family. This carrier offers car insurance in Illinois for just $696 per year. An independent insurance agent in Illinois can help you get set up with a policy through American Family.
Yes, Illinois independent insurance agents are ready to help you find the right motorcycle insurance policy. These agents shop and compare quotes for motorcycle insurance from multiple local carriers for you.
They'll ensure you get set up with the overall best blend of coverage and cost when it comes to Illinois motorcycle insurance. They can also help you update your coverage or file claims down the road.
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