VOOM motorcycle insurance is a specialized product designed to offer riders tailored protection that is often more comprehensive than what’s included in a standard policy.
Coverage can vary but generally includes collision damage, theft, and liability for injuries or property damage. Some policies also offer roadside assistance and gear protection.
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Table of Content
- How Does VOOM Motorcycle Insurance Work?
- Pros and Cons of Using Pay-Per-Mile Motorcycle Insurance
- Who Underwrites for VOOM Motorcycle Insurance?
- What States Does VOOM Motorcycle Insurance Cover?
- What Is VOOM’s Pricing Structure for Motorcycle Insurance?
- VOOM Motorcycle Insurance Ratings
- FAQs About VOOM Motorcycle Insurance
- Is It Worth Using VOOM Motorcycle Insurance?
How Does VOOM Motorcycle Insurance Work?
Instead of paying a flat annual fee for your motorcycle insurance, VOOM bases its rates on your actual monthly mileage. An additional rate is added between $3 to $30 monthly for basic or extended options for different coverage types, respectively.
That means if you ride less, you won’t pay as much for your monthly insurance needs. It is typically a few cents per mile for each ride.
Instead of attaching a GPS tracker to your motorcycle, VOOM requires you to take a picture of your odometer each month. Once you submit that info, you’ll pay the agreed rate accordingly.
According to them, if you don’t ride your motorcycle daily, a VOOM policy could save you up to 60% on your insurance needs.
Pros and Cons of Using Pay-Per-Mile Motorcycle Insurance
VOOM has been offering pay-per-mile coverage since 2021. This structure has some benefits and potential concerns to evaluate.
| Advantages | Disadvantages |
| Pay-per-mile plans allow you to essentially “pay as you go,” which is excellent if your riding habits vary throughout the year. | If you ride your motorcycle often, the costs can add up quickly, making traditional insurance a better deal. |
| The structure is straightforward. You pay a base rate plus a charge for each mile driven. That makes it easier to budget or understand what you’re receiving. | When your habits change and you start riding more, you could end up paying more than you initially anticipated. |
| This structure can generate substantial savings opportunities for casual riders. | Some plans might have additional fees, like going over a certain number of miles. |
| Pay-per-mile insurance can incentivize you to ride less and opt for greener transportation methods if you’re conscious about your environmental footprint. | Taking pictures of your odometer can generate privacy questions for riders. |
Who Underwrites for VOOM Motorcycle Insurance?
The Markel Corporation underwrites the motorcycle insurance policies issued through VOOM. This structure creates the world’s first on-demand platform for usage-based insurance that targets the mobility segments within the riding audience.
The same group owns Markel Specialty, which offers standard motorcycle insurance. We have reviewed their services here.
What States Does VOOM Motorcycle Insurance Cover?
Although VOOM is a licensed insurance broker in all 50 states, the motorcycle division is available in only 17.
- Alabama
- Arizona
- Colorado
- Illinois
- Indiana
- Iowa
- Louisiana
- Maryland
- Minnesota
- Missouri
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Tennessee
- Texas
- Wisconsin
Markel plans to expand this footprint extensively in the coming years as more riders discover the benefits of using the pay-per-mile structure, with Florida, New Jersey, and Georgia expected to join in 2024.
VOOM added Missouri, Tennessee, and Texas to their coverage areas in 2023.
70% of motorcyclists in the United States ride fewer than 2,000 miles per year. Based on that figure, a liability-only policy could cost as little as $50 annually in some states.
Even if you don’t ride your motorcycle at all during the month, you still receive the coverage needed to comply with local rules and regulations.
What Is VOOM’s Pricing Structure for Motorcycle Insurance?
When signing up for VOOM motorcycle insurance, you’ll receive three options for coverage as part of your plan.
- The Essentials package delivers the basics for each ride. It is only $5 per month and then then $0.04 per mile.
- The Popular Plan is $10 per month and $0.12 per mile. It comes with added coverage choices for daily riding.
- For the Extended Plan, you’ll pay $15 monthly and $0.20 per mile to receive all-inclusive protection.
Your bodily injury and property damage coverage meets the state minimums where you live with the Essentials and Popular plans. Upgrading to the Extended choice delivers 100/300/50 protection with a $500 deductible on comprehensive and collision.
The Basics coverage is a liability-only policy.
| Plans | Essentials | Popular | Extended |
| Liability Coverage | Minimum required by state | Higher limits than Essential | Highest limits offered by Voom |
| Collision Coverage | Not included | Included | Included |
| Comprehensive Coverage | Not Included | Included | Included |
| Bodily Injury Liability Coverage | Not Included | Not Included | Coverage up to $50,000 per person involved in a single accident |
| Property Damage Liability Coverage | Not Included | Not Included | Coverage up to $100,000 per accident |
| Roadside Assistance | Not Included | Included | Included |
| Rental Car Reimbursement | Not Included | Included | Included |
VOOM Motorcycle Insurance Ratings
- Customer Service: 3.5/5. Everything is meant to be automated and flat rate to keep things simple. If you run into trouble, finding the help you need can be challenging.
- Online Tools and Resources: 4/5. You can manage everything through VOOM’s app, including the initial signup process. Submitting the odometer photo there is also convenient.
- Coverage Options: 2/5. There are few choices outside the packaged plans. A different provider is necessary if you need roadside assistance, trailer protection, or more insurance than 100/300/50.
- Financial Stability: 4.75/5. With VOOM underwriting the pay-per-mile policies through Markel, you’ll work with an agency with an A+ A.M. Best rating. Its credit rating is BBB, while other financial strength analysts consistently give the company an A.
- Additional Features: 2/5. You’re getting pay-per-mile insurance with the basics to ride on public roads legally.
- Underwriting Process: 5/5. All you need to do is pick your plan, enter your bike info, and submit a debit or credit card for the monthly payments.
- Pricing: 3.5/5. Some riders pay significantly less, while others could be stuck with larger payments. It’s worth looking at if you drive less than 2,000 miles annually.
- Reputation: 3.5/5. VOOM is a young company that still partners with established agencies.
FAQs About VOOM Motorcycle Insurance
What Is Covered Under a VOOM Policy?
Under the Essentials package, you receive a standard policy that covers everyday riding needs with liability coverage, uninsured motorist protection, and third-party property damage.
The Popular Plan offers higher liability coverages, with collision and comprehensive added. Medical expenses are included.
For the Extended option, you receive additional protections within a premium package.
Does VOOM Track My Riding Routes?
VOOM does not use any tracking devices to record your mileage. You report this information by taking a picture of your odometer, which can be sent to the company through its app.
If you forget to share your odometer photo with VOOM, you will be charged a default amount for that month. Sending an updated reading with lower mileage will cause future payments to be adjusted accordingly.
When Are Miles Charged with VOOM?
Your miles get charged at the end of each month. Riders are required to put a card on file during the underwriting process, and then you get a billing statement at the end of the month.
Is It Worth Using VOOM Motorcycle Insurance?
VOOM wasn’t right for me. I tend to put on a lot of miles each year, so the calculation made my rates about 15% more than what I currently pay through a more traditional provider.
For me, the idea of remembering the odometer picture was a bit of a hassle. It felt easier to get charged the default rate, even if it would be more expensive.
There are certainly advantages for low-mileage riders with VOOM. If you ride fewer than 2,000 miles annually, your savings could be significant! For that reason, it’s worth calculating what your rate would be.
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