Safeco Motorcycle Insurance

Safeco offers affordable motorcycle insurance and is one of the only companies to insure homemade and kit motorcycles.
Written by Kathryn Mae Kurlychek
Reviewed by Kathleen Flear
Safeco sells affordable motorcycle insurance for many types of bikes and is one of the only insurance companies to extend coverage to homemade and kit motorcycles. 
There’s nothing quite like the feeling of driving a motorcycle. But to do so safely, it’s important that you have the right gear—and that includes the right
motorcycle insurance
coverage. Having good coverage for your bike is as important as having your motorcycle license and all the right safety gear—but finding the right coverage can be a bit trickier.
If you’re looking for an affordable policy, Safeco is a company worth considering. With low rates, well-rounded policies, and unique add-on coverages, Safeco can keep your bike insured. In this article, we’ll cover the basics of a Safeco motorcycle policy, including what types of coverage you can purchase, how much it might cost, and whether it’s right for you. 
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Does Safeco offer motorcycle insurance? 

Yes.
Safeco
sells insurance for a wide variety of products, from watercraft to RVs to ATVs to motorcycles. 
Whether you drive a moped, dirt bike, or traditional motorcycle, Safeco can offer affordable coverage that includes standard
bodily injury liability coverage
,
collision coverage
, and
24-hour roadside assistance
. In some states, customers may also have access to standard original manufacturer equipment (OEM) coverage, which guarantees your bike will be fixed with OEM parts when required. 
Safeco is also one of the only insurers out there to extend coverage to homemade and kit motorcycles. To learn about the other unique coverages Safeco offers, all you have to do is call 1-800-332-3226 or
visit the company’s website
to connect with a provider in your area. 

Cost 

The average annual cost of motorcycle insurance in the U.S. is between $250 and $750. As a
Liberty Mutual
company, Safeco tends to offer their customers very affordable rates that fall below that average—but the cost of motorcycle insurance from Safeco may vary based on your demographics, driving and claims history, discount eligibility, location, and even the make of your motorcycle. 
Since Safeco is an agent-based company, you’ll have to call and get a quote to estimate what the cost may be for you. 

Coverage options

Safeco is an affordable insurer for motorcycles and one of the only insurance companies to offer coverage for homemade and kit motorcycles. While Safeco’s standard motorcycle policy is fairly robust, its selection of additional coverages is somewhat limited. The table below goes over the types of motorcycle coverage available with Safeco. 
Coverage
Description
Example
Included automatically?
Do I need it?
Helps pay for medical expenses, like hospital bills, and other costs for injuries to others if you’re at fault in an accident.
You run a red light and crash into another rider, who sustains a concussion. Safeco will pay their medical bills up to your policy’s bodily injury liability limit. 
Yes
Bodily injury liability is required by law in most states.  
Helps pay for repairs to your motorcycle following an incident, regardless of who was at fault.
You swerve to avoid debris in the road and drive your bike into a ditch, damaging the front end. Safeco will help cover the cost of repairs up to your policy limit.
Yes
Collision coverage isn’t required by law—but it’s usually worth buying unless your bike is very old or holds little value. 
Provides in-person assistance if you experience a mechanical breakdown or disablement on the road.
You’re on a weekend cruise when your motorcycle breaks down, leaving you stranded. Safeco will send someone to jumpstart or tow your vehicle. 
Yes
If you take frequent road trips away from home, roadside assistance can be a great safety net. 
Original Equipment Manufacturer (OEM) Coverage
Guarantees you will receive new, OEM parts when needed for repairs.
If you have OEM or custom parts in your bike, Safeco will only use those parts for repairs. 
Yes
This is a good pick if you are particular about what parts are used on your motorcycle.
Safety Apparel Coverage
Provides reimbursement for the cost of safety apparel (like jackets or gloves) that was damaged or destroyed in a collision. 
You’re in a collision with another rider that throws you from your bike, ruining your jumpsuit. Safeco will reimburse you for what the item was worth.
No
If you have high-value safety gear, this coverage will keep it insured. 
Harley Davidson Replacement Cost Provision
Special coverage for Harley Davidson owners that pays out the bike’s actual cash value in the event of a total loss.
You’re in a collision that totals your Harley Davidson bike. Safeco will pay the actual cash value (ACV) of the bike, plus up to the full amount of its value in today’s market.
No
If you own a Harley Davidson motorcycle, this coverage is probably worth it—as it can help you replace your bike in a worst-case scenario situation. 
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How to save on Safeco motorcycle insurance

Safeco’s rates are often more affordable than its competitors—but if you’re looking for ways to save even more money on your motorcycle insurance, check out the following discounts available with Safeco: 
  • Claims-Free Discount: If you’ve been claims-free for twelve months or longer with Safeco or another insurer, you may qualify for a lower rate with Safeco. 
  • Companion Policy Discount: If you already have a policy with Safeco (such as a car insurance or homeowner’s insurance policy) you may receive a lower rate for opening a second policy. 
  • Safety Course Discount: Taking an approved motorcycle or bike safety course can earn you a discount on your policy. To qualify, the safety course must have been completed within the last three years. 
You can also save money on your policy by increasing your deductible or paying your policy in full rather than in installments. Just be careful when choosing to increase your deductible—as it may mean you’ll be responsible for more out-of-pocket costs in a collision. 

The cheapest motorcycle insurance companies

Safeco is one of the best options out there for owners of homemade and kit bikes—but they’re not the only company that can offer affordable motorcycle coverage. Check out the list below for recommendations on top insurance companies for other types of bikes: 
  • Best all-around:
    Progressive
    ($25 to $52/month) 
  • Best for sport bikes:
    GEICO
    ($28 to $51/month) 
  • Best for high-value bikes: Markel ($35 to $69/month) 
  • Best for teens:
    Dairyland
    ($22 to $74/month) 
  • Best for collectors:
    Nationwide
    ($49 to $55/month)
MORE: Essential tips for motorcycle winter storage
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FAQs

Yes, Safeco is a good company for motorcycle insurance. As a member of Liberty Mutual, Safeco is a financially secure insurer that can offer affordable rates for many types of motorcycles. Safeco’s standard motorcycle insurance is robust, and special add-ons (such as their provision for replacing Harley Davidson bikes) set Safeco apart from other insurers. But the company’s list of add-on coverages is limited, and there aren’t as many discounts available as with larger insurance companies.
Yes, insuring your motorcycle will cost less than insuring your car. Most motorcycle coverage can be purchased for less than $1,000 per year, while annual car insurance coverage costs $1,600 per year on average.
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