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Best Insurance Companies For Bike Rental Business In California - 2022

Every Business has some challenges to deal with whether it is a well-established business or a startup. When it comes to rental businesses, running a bike rental business comes with its own set of risks.

Accidents will happen, no matter how well-maintained your fleet is or how careful you are with your renters. These might be as innocuous as a punctured tube to massive spills resulting in mechanical damage or a fractured frame.

That’s why it’s critical to safeguard your assets, both business and personal, for these and other reasons. One of the most effective methods to do so is to ensure that you and your company are fully insured

Bike rental insurance protects your vehicle in the event of an accident, as well as property damage and any harm you may do to others while riding. Most states need bike insurance, and annual premiums can vary from a few hundred to a few thousand dollars depending on the rider, bike, and region.

If you don't have insurance for your motorcycle or want to switch carriers, keep reading to learn more about the finest motorcycle insurance companies in California and the savings perks they provide.

Best Insurance Companies For Bike Rental Business In California - 2022

There are many motorbike insurance providers in California to select from. However, certain insurance companies stand out due to their pricing, choices, and discounts. The best motorbike insurance companies in California good for your rental business are listed below:

For over 40 years, Markel has worked on creating motorcycle insurance coverage policies. The carrier does not cover your car or home insurance, but it does offer policies for practically every sort of motorbike, including street bikes, sport-touring bikes, scooters, tricycles, dirt bikes, and almost any other motorcycle you can think of.

Markel offers many discounted options on motorbike insurance that can save you up to 35 percent. It even gives you a 10% discount if you transfer your insurance to another party. Offering a vanishing deductible helps reduce your cost by 25% for each year you go without an accident. Markel offers Multi-Level unit discounts to customers with more than one vehicle.

Harley-Davidson is a leading provider of motorcycle insurance and related services, such as parts, bike loans, and planned maintenance insurance. This makes it an ideal spot to look for insurance for your first motorcycle, especially if it's a Harley. New riders can save even more money by combining these features with the company's motorcycle safety course discount.

Also, If we compare Harley with other insurance providers on our list, Harley-Davidson's bike coverage options and discounts rank among the best. It offers a good selection of add-ons in addition to the normal coverage options. You can get full replacement cost coverage in case of a total loss and equipment replacement cost coverage for minor accidents are among them.


It is one of the few Bike insurance companies that will cover up to 12 kinds of bikes on a single policy with a high maximum. We consider it one of the best insurance companies for bike collections that is great for the bike rental business.
Nationwide offers some of the highest coverage limits on this list, in addition to free yearly policy evaluations to ensure your policy is keeping up with your demands. It offers up to $500,000 in bodily injury liability and uninsured/underinsured motorist coverage per person and per accident.

With Nationwide's collision and comprehensive coverage, your deductible can decrease by $100 every year without filing a claim, limited to a total of $500.

has competitive coverage, so you won't have to cut corners to obtain a good deal. Comparatively, the prices are cheaper as compared to other insurance companies.
  It also provides accessories coverage for the accessories you've added to customize your Motorbike and collision coverage to safeguard your helmet.
If you insure your motorcycle with Geico, you may be eligible for additional motorcycle insurance discounts. There are discounts available for experienced riders, safety, and even transferring your bike insurance to Geico. It does not have a set price. We were offered plans ranging from $60 to just above $4,000 a year when we contacted Geico for sample quotes for various rider profiles and coverage levels. It also offers a discount on covering multiple motorcycles

is the finest motorcycle insurance provider for homemade and kit motorbikes, being the only one on the list providing such coverage. While other Safeco coverage options are restricted, its comprehensive and collision policies allow original manufacturer parts replacement at no additional cost.
With its collision coverage, it also includes roadside assistance and guaranteed manufacturer parts repair.
 You must call the company for further information because it is an agent-based insurance company.

Why Does Bike Rental Business Need Insurance?
After crashing his bike in February 2014, a man sued New York City and the private proprietors of a bicycle rental and sharing scheme. He says in his lawsuit that the crash damaged a nerve in his brain, leading him to lose his sense of taste and smell. His claim for $15 million is still pending.

Insurance Guide for a Bike Rental Business
Motorcycle insurance protects you and your passengers from financial losses caused by a collision. Including California, most states require riders to have some form of liability insurance, the amount of which varies by state.
Even if motorcycle insurance is not required where you live, it's a good idea to have some coverage, especially if you're a Bike Rental Business, you would be responsible for damages caused by an accident in which you were at fault.
Types of Insurance for Bike Rental Business:
Understanding different types of motorcycle insurance available can help you pick the best insurance coverage that suits your budget and bikes.
Following are the risk coverage necessary to consider for a Bike rental business:

Bodily injury and property damage
In the case of an accident involving another person, these plans protect you financially from bodily injury and property damage liability lawsuits. Some insurance companies incorporate or sell guest passenger liability coverage as an add-on.

Collision Coverage
Collision coverage will pay to repair or replace your bike if you're in an accident with another vehicle. It also con This coverage does not cover damage to other vehicles or medical expenses (whether yours or someone else's).

Premiums for collision coverage are partly determined by the deductible you select, which is the amount you must pay out of pocket in the event of a covered claim.

Comprehensive Coverage

Comprehensive coverage is less expensive than collision coverage and covers damage to your bikes caused by events "other than collisions." Comprehensive coverage is cost-effective because it covers damages to the vehicle caused by the following:
  • Animal contact
  • Natural disasters such as Floods, Earthquakes, tornadoes, hurricanes, and volcanic eruptions
  • Fire
  • Vandalism and riots
  • Theft of bikes or parts of it like tires, side mirrors, etc.
  • Objects that have fallen, such as trees, branches, ice, or bullets
  • Shattered windshield
  • Before coverage begins, you must pay a deductible of your choice, just like with collision insurance.

Custom Motorbike parts coverage
Most collision and comprehensive insurance policies only cover the original parts of a motorbike. Custom parts coverage includes chrome parts, custom paint job, and sidecars which are all permanent modifications to your bike.

Accessories Coverage
Damage to motorcycle accessories such as trunk boxes, saddle boxes, and other extra equipment is not generally covered by regular motorcycle insurance. Look for accessories or equipment coverage to protect these items. This includes protective gear such as helmets and goggles.

Coverage for uninsured/underinsured drivers
Protects you and your property in the event of a collision with someone who has inadequate insurance coverage or none at all. UM/UIM insurance can cover lost income, medical bills, and property damage in specific situations. Uninsured motorist coverage may be required by law in some states.

Total loss protection
If your bike is lost, the insurance provider will assist you in purchasing a new one or paying off any outstanding loans on the bike. Almost all insurance offers this as an option.

Important information regarding Bike rental business insurance

The following information can assist you in selecting the appropriate insurance and coverage plans for you. 

Choosing the right number of plans of motorcycle insurance

The number of motorcycle insurance plans you should get is determined by your state's regulatory requirements as well as your business needs. The majority of the states require you to get two forms of liability insurance: property damage and personal injury protection. You can also add optional coverages such as comprehensive coverage, uninsured/underinsured motorist coverage, and coverage for custom parts that aren't required by law.

According to some internet sources, the typical motorbike insurance price in the United States is less than $300 per year, while others quote stats as high as $700 and above $1,000 for complete coverage (comprehensive and collision). However, the cost of motorcycle insurance varies greatly based on criteria such as the level of coverage you pick, your driving record, habits, personal information (region plays a key role), and the age and model of your motorcycle.

Overview Of Best Motorcycle Insurance Companies - 2022
  1. Markel – Best for Mechanical Breakdown Coverage
  2. Harley-Davidson – Best for New Riders
  3. Nationwide – Best for Motorcycle Collectors
  4. Geico - Best for lowest priced Motorcycle insurance
  5. Safeco – Best for Homemade and Kit Bikes