Unbiased Motorcycle Insurance Company Reviews

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GEICO Motorcycle Insurance Review

  • Customer Service
  • Coverage
  • Savings

GEICO (Government Employees Insurance Company) is one of the most popular insurance providers in the United States for motorcycle insurance. When most people think of well-known mainstream insurance companies, GEICO is a household name. Most people know this company because they have some of the best marketing in the industry. Their commercials generally include either the green lizard or cavemen characters – and yes, they make people laugh.

GEICO Gecko – The Gecko is extremely popular because he’s non-human, is extremely polite and logical, and talks about how much you can save if you switch to his insurance company.

GEICO Cavemen – The commercials involving the cavemen generally involve other people making fun of the cavemen. What makes them funny is that they are self-conscious and dislike when people say “so easy a caveman can do it” when referencing how easy it is to switch insurers.

Although you probably agree that the GEICO commercials are downright hilarious, you probably want to know whether they provide quality motorcycle insurance. In this review, I’m going to break down their ratings, explain their insurance options for motorcyclists, and go in-depth regarding what they all cover. In other words, you’ll be able to find out whether their motorcycle insurance lives up to the hype of their commercials.

As you read through this GEICO motorcycle insurance review, keep in mind that at anytime you can get free quotes from the top of the page simply by entering your zip code. The quotes that you get will compare only the top rated insurance companies for motorcyclists in your area.

GEICO Company History

GEICO was officially established back in 1936 as an insurance company by a guy named Leo Goodwin in Fort Worth, Texas. Leo launched the company with his wife Lillian with the goal of providing car insurance for government employees. That’s why the acronym for GEICO is “Government Employees Insurance Company.” Most people that don’t know the roots of this fine company tend to wrongfully assume that they are a newcomer to the insurance industry. Defining them as a newcomer couldn’t be further from the truth. The reason that they may seem new to some people is because they have done a great job at staying trendy with their marketing.

If you do a little bit of research, you’ll understand that the founder of GEICO actually worked for USAA insurance. When he started his own company, he wanted to insure only the least risky individuals – hence the reason for choosing to target government employees. In 1964, David Lloyd Kreeger became president of GEICO and pooled together funds from investors to take the company to the next level by offering insurance to the general public. If it had not been for his influence, the company may not be providing the general public with insurance.

When the company became public, the company pushed for rapid expansion and ended up losing a lot of money – they recorded over $126 million as a loss. In order to prevent GEICO’s death as a company, a group of insurance companies took over its policies. The company also was forced to offer stock options to help raise money for claim payments. After five long years, and some downsizing GEICO finally figured out a strategy that worked.

After many ups and downs within the infrastructure of the company, GEICO transformed into one of the leading insurance companies in the U.S. It wasn’t until 1978 that GEICO began offering motorcycle insurance to their customers. In 1996, GEICO was purchased by Berkshire Hathaway and they are now recognized as a fully owned subsidiary. They are currently recognized as the third largest private auto insurance provider in the United States and are regarded as a leading provider of motorcycle insurance as well.

GEICO Motorcycle Insurance Coverage Options

One of the most important aspects to investigate with any insurance company is their coverage options. The amount of coverage that you get is essential to understand whenever you buy an insurance policy. If you are paying for insurance, you want to make damn sure that your motorcycle is going to get properly repaired if it is damaged. Additionally, you want to make sure that you are going to be insured if you are involved in an accident with injuries.

Accessories coverage – If you purchase either a comprehensive or collision policy through GEICO, you will be insured for the following accessories: saddlebags, backrests, seats, chrome pieces, CB radios, as well as your helmet (with collision only). It specifically states on their website that accessory insurance for your motorcycle will vary by state. They also say that if you need additional coverage, they will allow you to purchase extra.

Bodily injury liability coverage – This insures you if you crash your motorcycle and injure or kill someone. GEICO provides different limits of this type of insurance for you to choose from. They will also hook you up with a legal attorney on your side if another party attacks you with a lawsuit.

Collision coverage – Their website says that they will pay for damage to your motorcycle when it collides with another vehicle. So anytime you crash, you will be able to fix up your motorcycle as long as you purchased this type of coverage.

Comprehensive coverage – If your motorcycle is a victim of vandalism, fire, or theft (e.g. is stolen), you will be insured if you buy comprehensive coverage through GEICO.

Medical Payments, No-Fault, PIP (Personal Injury Protection) Coverage – They offer the medical protection that you want and/or need for both your passengers and yourself while riding your motorcycle.

Property damage liability coverage – Property damage liability insurance is among the most fundamental types of insurance for your motorcycle. It is a no brainer that this type of coverage is included in GEICO’s policy because it is mandatory in all 50 states. With that said, they do offer different levels for you to choose from depending on your budget. Additionally, they will spot you with a legal attorney if anyone files a lawsuit against you.

Uninsured & Underinsured motorist coverage – If you are hit by an uninsured motorist or another driver without adequate insurance, GEICO will make sure that you have adequate coverage. They will essentially help pay for the damage that the underinsured party cannot currently cover.

GEICO Motorcycle Insurance Payment Options

GEICO offers a variety of different payment options for their customers. They really seem like they have gone the extra mile in terms of types of payment plans they offer as well as how they accept payments. The nice thing about having flexible payment options is that you can choose the number of payment installments per year that you would like for your policy.

Full Payments

If you have enough cash to pay off your policy in full, GEICO will certainly let you choose this option. They have a number of different installments for making payments and there are no fees associated with any of the installments. Below are the options that they offer:

4-Pay – If you would like, you can opt to make payments in 4 installments.

6-Pay – As you may have guessed, this involves making payments in a set of 6 installments.

9-Pay – This involves paying off your policy in a series of 9 installments.

Monthly Payments

Most motorcycle advocates pay for their policy on a monthly basis. The rate that you pay depends on a number of different risk factors that are between you and GEICO. You can also opt to pay your premium in a series of installments. However, if you pay your premium in installments, you will be expected to pay additional fees for each installment.

GEICO Payment Methods

There are multiple ways in which you can make your motorcycle insurance payment through GEICO. Currently, they allow you to pay over 10 different ways and all of them are pretty impressive. They accept pretty much every type of payment. Below are a list of the payment methods that they accept!

  • Automatically
  • Credit Cards
  • Debit Cards
  • Direct Checks
  • Electronic Funds Transfer (EFT)
  • Interactive Voice Response (IVR)
  • Mail
  • Money Order
  • Online
  • Personal Checks
  • Phone

Does GEICO offer paperless billing?

Yes, if you are a fan of paperless billing and paying online without receiving a paper statement, GEICO offers you that option. I personally am a big fan of paperless billing because it saves me time of having to shuffle through papers and look at all my statements. When you can look at and coordinate your bills online with automatic payments, it makes the entire process easier.

GEICO Motorcycle Insurance Discounts

If you want to maximize your savings with GEICO, it is important to make sure that you look into available discounts offered through their motorcycle insurance policies. Below, I will break down some of the ways in which you can save money with GEICO.

Car insurance – If you already have a car insurance policy through GEICO, you will be given a discount for adding a motorcycle to the existing policy.

Mature riders – If you are considered to be a “mature rider” or are an older, veteran motorcyclist, you will save money on insurance because you are in a less risky age group.

Multiple motorcycles – Do you own more than one motorcycle? If you need multiple motorcycles insured, you will save more money compared to getting just one insured.

Renewing an existing policy – When you renew a policy that you already have through GEICO, they offer savings.

Safety Course – If you complete a safety course through the Motorcycle Safety Foundation or a Military Safety course, you will be able to save money on your insurance policy.

Transferring to GEICO – People that currently have their motorcycles insured through a different company,

Discount details and percentages

If you buy a motorcycle insurance policy through GEICO, it is important to know the exact percentages of savings. Fortunately, they provided the information to the general public so that people know what kind of deals they will get ahead of time. Although not everyone is eligible, many people will be able to reap the benefits of these discounts.

  • Car insurance added: 5% discount
  • Mature motorcyclists: 10% discount
  • Multiple motorcycles insured: 10% discount
  • Renewal through GEICO: 10%
  • Safety course completion: 10% discount (20% for safety course instructors)
  • Transferring to GEICO: 10% discount

Additional features

GEICO has been offering motorcycle insurance coverage since 1978 and has plenty of experience and affordable rates for all drivers. They offer 24/7 customer service and process claims efficiently. If you look at the ratings directly from customers that are currently insured through GEICO, they have given their own company 4.7 out of 5 – which is very solid.

They offer insurance for many different types of motorcycles like: sport bikes, cruisers, touring bikes, scooters, trikes, customized bikes, trikes, as well as Enduros. If you aren’t sure whether your motorcycle will qualify for insurance, you can always call and ask.

A.M. Best Rating: A++ (Superior)

When it comes to getting motorcycle insurance through a solid, established company, GEICO is among the elites. They have been rated an A++ (superior) by the A.M. Best Company, who analyzes insurance companies on an independent basis. With every company that we review, it is extremely important to look at the A.M. Best Rating because all of their ratings are 100% independent from corporate influence.

Currently GEICO has about a 97% customer satisfaction rating, which is quite impressive. The company is known for paying their claims quickly and on time with very few complaints. If you decide to get your motorcycle insurance policy through GEICO, you should feel good about your decision as they are one of the best companies in the industry. Not to mention the fact that you’ll have the Gecko lizard and cavemen on your side…haha This company is the editors choice and I highly recommend them to anyone interested in getting their motorcycle insured.

Get Free GEICO Motorcycle Insurance Quotes Online!

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