5 Best Motorcycle Insurance Companies Heading into 2024

In this article, we will take a look at the 5 best motorcycle insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to 15 Best Motorcycle Insurance Companies Heading into 2024.

5. AXA SA (OTC:AXAHY)

Market Capitalization as of December 13, 2023: $73.20 Billion

AXA SA (OTC:AXAHY) is a French multinational insurance company. The company provides coverage across home, accident, bike, car, public liability, casualty, motor, term, and windfarms insurance lines. Under its motorcycle insurance policy, the company provides coverage for the motorcycle, helmet, boots, and protectors in case of an accident. AXA SA (OTC:AXAHY) was founded in 1946 and has a market cap of $73.20 billion, as of December 13.

4. Zurich Insurance Group AG (OTC:ZURVY)

Market Capitalization as of December 13, 2023: $75.65 Billion

Zurich Insurance Group AG (OTC:ZURVY) is one of the best motorcycle insurance companies heading into 2024. The Swiss company provides coverage for commercial insurance, general liability insurance, property insurance, commercial causality insurance, and business protection insurance. Some of the key benefits under the company’s car insurance policy include free traffic legal protection for one year, 100% new value compensation for the first year of operations, special traffic compensation for eco-friendly motorcycles, and compensation for all parts of the bike made from glass. Zurich Insurance Group AG (OTC:ZURVY) has a market cap of $75.65 billion, as of December 13.

3. State Farm Insurance

Annual Revenue (2022): $89.30 Billion

State Farm Insurance ranks as one of the best motorcycle insurance companies heading into 2024. Based in Illinois, the company provides coverage for motorcycle insurance, car insurance, health insurance, property insurance, and life insurance. The company’s motorcycle insurance policy provides coverage for bodily injury, property damage, theft, and emergency expenses. The company also compensates for trip interruption and emergency roadside expenses. State Farm Insurance reported annual revenue worth $89.3 billion in 2022.

2. The Progressive Corporation (NYSE:PGR)

Market Capitalization as of December 13, 2023: $96.17 Billion

The Progressive Corporation (NYSE:PGR) is a leading American insurance company. The company was founded in 1937 and provides a range of insurance coverage across car, motorcycle, life, dental, travel, pet, and health insurance lines. In case of an accident, the company pays to get the bike to its pre-accident condition. The company provides total loss coverage for a brand-new bike if the motorcycle is less than one model year old on a new policy. It also covers roadside assistance for motorcyclists. The Progressive Corporation (NYSE:PGR) was founded in 1937 and has a market cap of $96.17 billion, as of December 13.

1. Allianz SE (OTC:ALIZY)

Market Capitalization as of December 13, 2023: $103.62 Billion

Allianz SE (OTC:ALIZY) is a prominent insurance company based in Germany. The company is a leading provider of life insurance, commercial insurance, motor insurance, home insurance, and motorcycle insurance. Under its motorcycle insurance policy, the company provides coverage for losses or damages to the motorcycle due to an accident, fire, or theft along with liability coverage for third-party death, third-party injuries, and third-party property losses. Allianz SE (OTC:ALIZY) boasts a market cap of $103.62 billion, as of December 13.

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