Best Life Insurance for Cyclists in 2024 (Top 10 Companies)
Assess the best life insurance companies for cyclists like Prudential, USAA, and Northwestern Mutual. Explore their rates, customized coverage options, and reasons why these selections offer peace of mind for active individuals.
Free Life Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Mar 11, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Mar 11, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
0 reviewsCompany Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
0 reviews
6,433 reviewsCompany Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
6,433 reviews
0 reviewsCompany Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
0 reviews- Prudential, USAA, and Northwestern Mutual are the top life insurance companies for cyclists, offering tailored coverage and competitive rates.
- Specialized insurance plans cater to cyclists’ unique risks like accidents and injuries.
- Factors affecting cyclists’ life insurance rates like safe riding habits, bike type, riding areas, with discounts influencing affordability.
We will explore the key topics related to life insurance for cyclists, including the importance of coverage tailored to the unique risks cyclists face, such as accidents and injuries on the road. We will discuss the different types of policies available, factors to consider when choosing coverage, and how to find the best insurance providers offering competitive rates for cyclists.
| Company Logo | Rank | See Pros/Cons | Active Lifestyle Discount | Employee Affinity Discount | Best For |
|---|---|---|---|---|---|
 | #1 | Prudential | Up to 10% | Up to 10% | Active Lifestyle |
 | #2 | USAA | Up to 15% | Up to 10% | Military Affiliation |
 | #3 | Northwestern Mutual | Up to 8% | Up to 8% | Financial Strength |
 | #4 | State Farm | Up to 12% | Up to 10% | Multi-Line Discount |
 | #5 | Metlife | Up to 10% | Up to 13% | Employee Benefits |
 | #6 | New York Life | Up to 10% | Up to 10% | Long-Term Care Rider |
 | #7 | Guardian Life | Up to 15% | Up to 15% | Policy Variety |
 | #8 | Transamerica | Up to 10% | Up to 10% | Accelerated Underwriting |
 | #9 | MassMutual | Up to 10% | Up to 9% | Dividend Payouts |
 | #10 | AIG | Up to 10% | Up to 9% | Global Presence |
#1 – Prudential: Specialized Life Insurance for Active Lifestyles
Jeff Root Licensed Life Insurance Agent
Pros
- Active lifestyle focus: Prudential offers tailored coverage for active individuals, making it an excellent choice for cyclists.
- Robust coverage: Known for providing comprehensive life insurance coverage to meet diverse needs.
- Competitive rates: Prudential often offers competitive rates for its coverage options.
Cons
- Application process: Some users may find the application process to be more extensive compared to other providers.
- Limited online resources: Prudential’s online resources for policy management may not be as user-friendly as some competitors.
Read more: Prudential Insurance Review & Ratings
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#2 – USAA: Tailored Life Insurance for Military Members
Pros
- Military affiliation: USAA caters specifically to military personnel, offering specialized services and benefits.
- Excellent customer service: Known for exceptional customer service, ensuring military members receive personalized assistance.
- Competitive rates: USAA often provides competitive life insurance rates for its members.
Cons
- Limited eligibility: USAA membership is restricted to military personnel and their families, excluding the general public.
- Limited physical locations: The lack of physical branches may be a drawback for those who prefer face-to-face interactions.
Read more: USAA Insurance Review & Ratings
#3 – Northwestern Mutual: Custom Plans and Financial Strength
Pros
- Financial strength: Northwestern Mutual is highly regarded for its financial stability, instilling confidence in policyholders.
- Customized plans: Offers personalized plans to meet specific financial goals and requirements.
- Dividend payouts: Policyholders may receive dividends, providing additional financial benefits.
Cons
- Higher premiums: Northwestern Mutual’s policies may come with higher premiums compared to some competitors.
- Limited online quotes: The online quote process may be more restrictive compared to other providers.
Read more: Northwestern Mutual Insurance Review & Ratings
#4 – State Farm: Unlock Multi-Line Discounts
Pros
- Multi-line discount: State Farm offers discounts for customers bundling multiple insurance products.
- Physical presence: With numerous local agents, State Farm provides a widespread physical presence.
- Strong reputation: State Farm is well-established with a strong reputation for customer service.
Cons
- Limited policy options: State Farm’s life insurance product range may be more limited compared to specialized providers.
- Rates may be higher: Some customers report higher premiums compared to other providers.
Read more: State Farm Insurance Review & Ratings
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#5 – Metlife: Life Insurance Enriched With Employee Benefits
Pros
- Employee benefits: Metlife specializes in employee benefits, making it a valuable choice for workplace life insurance.
- Customizable policies: Metlife provides flexibility in tailoring policies to individual needs.
- Global presence: Metlife’s global reach may benefit policyholders with international ties.
Cons
- Limited online information: The online information regarding specific policies may be less comprehensive.
- Potential for complex policies: Some policy terms and conditions may be intricate, requiring careful review.
Read more: MetLife Insurance Review & Ratings
#6 – New York Life: Insurance With Long-Term Care Rider
Pros
- Long-term care rider: New York Life stands out for offering a long-term care rider, providing additional coverage for policyholders.
- Financial strength: Known for its financial stability and long-standing presence in the industry.
- Customization options: New York Life offers a range of customization options for policyholders.
Cons
- Potentially higher premiums: Some users may find the premiums to be relatively higher compared to other providers.
- Application process: The application process might be more involved compared to simpler online platforms.
Read more: New York Life Insurance Review & Ratings
#7 – Guardian Life: Spectrum of Tailored Life Insurance Policies
Pros
- Policy variety: Guardian Life offers a wide range of policy options, allowing customers to choose plans that align with their unique needs.
- Strong financial ratings: Known for its strong financial ratings, instilling confidence in policyholders.
- Exceptional customer service: Guardian Life is often praised for its customer service and responsiveness.
Cons
- Higher premiums: Some users may find that Guardian Life’s premiums are on the higher side.
- Limited online resources: The online resources for policy management may not be as advanced as some competitors.
Read more: Guardian Life Insurance Review & Ratings
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#8 – Transamerica: Accelerated Underwriting for Effortless Applications
Pros
- Accelerated underwriting: Transamerica offers accelerated underwriting, allowing for a quicker and more streamlined application process.
- Affordable options: Known for providing affordable life insurance options for various needs.
- Financial strength: Maintains a strong financial standing, reassuring policyholders.
Cons
- Limited policy variety: Some users may find that Transamerica’s policy options are not as diverse as other providers.
- Online resources: The online resources for managing policies may not be as user-friendly.
Read more: Transamerica Insurance Review & Ratings
#9 – Massmutual: Life Insurance Plans With Dividend Payouts
Pros
- Dividend payouts: Massmutual offers dividend payouts to policyholders, providing additional financial benefits.
- Customizable policies: Known for providing customizable policies to meet specific financial goals.
- Strong financial ratings: Maintains strong financial ratings, ensuring stability.
Cons
- Potentially higher premiums: Some users may find that Massmutual’s premiums are comparatively higher.
- Limited online quotes: The online quote process may be more restrictive compared to competitors.
Read more: Massmutual Insurance Review & Ratings
#10 – AIG: Global Presence for Comprehensive Life Insurance
Pros
- Global presence: AIG’s global presence may be advantageous for individuals with international ties.
- Diverse insurance offerings: AIG provides a range of insurance products beyond life insurance.
- Financial strength: Maintains a strong financial standing, contributing to stability.
Cons
- Mixed customer reviews: Some customers report mixed experiences with AIG’s customer service.
- Policy complexity: Certain policy terms may be complex, requiring careful examination.
Read more: AIG Insurance Review & Ratings
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Coverage Rates for Cyclists
When considering life insurance for cyclists, it’s essential to understand the specific coverage rates offered by various insurance companies. The following table provides an overview of the average monthly life insurance rates for cyclists from reputable insurers, both for minimum coverage and full coverage:
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Prudential | $35 | $100 |
| USAA | $38 | $110 |
| Northwestern Mutual | $40 | $120 |
| State Farm | $36 | $105 |
| Metlife | $39 | $115 |
| New York Life | $42 | $125 |
| Guardian Life | $38 | $110 |
| Transamerica | $37 | $108 |
| MassMutual | $41 | $118 |
| AIG | $40 | $115 |
As we navigate the intricacies of coverage rates, nuances emerge among the top 10 companies. Varying rates, combined with active lifestyle discounts and employee affinity discounts, paint a comprehensive picture of affordability and inclusiveness in their life insurance plans.
Prudential leads with a $35 minimum coverage rate and $100 full coverage, closely followed by USAA at $38/$110 and Northwestern Mutual at $40/$120, emphasizing robust financial security for cyclists.
Does life insurance cover cycling?
If you’re wondering if there’s life insurance for cyclists, you don’t have to worry in most circumstances. However, some insurance companies may not cover people who participate in extreme sports related to cycling, like downhill mountain biking or BMX. BMX stands for bicycle motocross, and it involves a lot of jumps, tricks, and dangerous stunts.
Other companies could include exclusions that let them refuse to award benefits if the policy owner dies while participating in an extreme sport or other risky behavior. However, these exclusions usually don’t apply to more traditional types of cycling.
Should cyclists get life insurance?
Many people should get life insurance to protect family members from financial hardships after they die. This is especially true for cyclists, who may be exposed to more risk than the average person. Every time you get on your bike, there’s a small risk of an accident, even if you’re cautious and stay in safe areas with low traffic.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
What’s the best way to save on life insurance for cyclists?
You can increase your cycling safety and lower your rates by wearing a helmet and complying with other local laws for cycling. There are plenty of guidelines you can follow to bike safely in busy city settings. Avoid riding in heavy traffic or attempting stunts. While safe cycling choices will not necessarily improve your insurance rates, receiving tickets from law enforcement or having frequent accidents can increase your rates when you attempt to secure a life insurance policy.
It’s also a good idea to compare rates from several companies. Insurance businesses use various underwriting methods, and some companies may give you better rates for your cycling habits. Some companies may also give you higher rates if you participate in risky behavior such as stunts or extreme cycling.
What are the health benefits of cycling?
Cycling is an easy activity that doesn’t take much time or money. It can be a convenient, environmentally-friendly transportation method and an excellent way to exercise. The World Health Organization (WHO) recommends at least 150 minutes of moderate physical activity like cycling per week for adults 18 to 64 years old.
In 2021, the European Prospective Investigation into Cancer and Nutrition (EPIC) study found that people who go cycling regularly have a 24% lower mortality rate from all causes. Those who rode for more than five years had a 35% lower mortality rate than people who didn’t exercise regularly. This sport helps prevent cancer, heart disease, diabetes, high cholesterol levels, high blood pressure, depression, anxiety, and many other health problems. It also builds stamina and muscle mass without putting too much stress on joints. These health benefits can also lead to lower life insurance rates.
How does cycling affect life insurance rates?
When you apply for life insurance, the company determines your rates through a process called underwriting. An underwriter considers your health, whether any relatives have a history of problems that could be hereditary, your age, hobbies like cycling, your driving record, and more. Many policies require an exam from a doctor. For most people, cycling can help lower insurance rates.
Usually, only those who are regular cyclists when they sign up for a policy can benefit from lower rates. Getting plenty of exercise can increase your underwriter’s health classification for your policy. Someone who starts cycling after they apply won’t usually see any change in their rates.
Along with being a great way to relax and enjoy nice weather, cycling can help you get lower rates for your life insurance. Even if you don’t specifically mention cycling to your insurance company, you may receive better rates for having fewer health problems and risks thanks to your cycling hobby.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Case Studies: Best Life Insurance for Cyclists Success Stories
Case Study One: Emily’s Winning Coverage
Emily, a passionate cyclist who regularly participates in long-distance cycling events, sought life insurance coverage tailored to her active lifestyle. After thorough research, she found that Prudential offered specialized life insurance for individuals with active lifestyles.
By customizing a policy with Prudential, Emily secured coverage that considered the unique risks associated with her cycling activities. The policy provided peace of mind for her and financial protection for her loved ones, making Prudential the winning choice for her cycling adventures.
Case Study Two: Jason’s Military Precision With USAA
Jason, a military member and dedicated cyclist, was looking for life insurance that would cater to both his military service and his love for cycling. USAA stood out as a top choice, offering tailored life insurance for military members.
By choosing USAA, Jason benefited from a policy that recognized his commitment to safety and discipline, both in his military service and cycling habits. The combination of military-friendly features and coverage for his cycling activities made USAA the winning company for Jason’s insurance needs.
Case Study Three: Rachel’s Financial Confidence With Northwestern Mutual
Rachel, an individual with diverse financial needs, wanted a life insurance plan that could adapt to her changing circumstances. Northwestern Mutual, known for its custom plans and financial strength, emerged as the ideal choice.
By opting for Northwestern Mutual, Rachel secured a policy that not only provided life insurance coverage but also offered flexibility to accommodate her financial goals. The ability to tailor the plan to her unique requirements made Northwestern Mutual the winning company for Rachel’s comprehensive financial protection.
Case Study Four: Mike’s Multi-Line Discounts With State Farm
Mike, a cyclist looking for cost-effective coverage, explored options that offered additional benefits. State Farm, with its multi-line discounts, caught Mike’s attention.
By choosing State Farm, Mike unlocked discounts that extended beyond life insurance, making his overall insurance package more affordable. The combination of competitive rates and multi-line discounts made State Farm the winning choice for Mike’s insurance needs.
Frequently Asked Questions
Is there specific life insurance designed for cyclists?
Yes, there are insurance policies tailored for cyclists. These plans consider the unique risks associated with cycling, such as accidents and injuries, providing coverage that aligns with the active lifestyle of cyclists.
What factors influence the cost of life insurance for cyclists?
The cost of life insurance for cyclists is influenced by factors such as age, health, riding habits, type of bike, and the areas where one rides. Safe cycling practices, like wearing a helmet and following traffic laws, can positively impact rates.
Can life insurance for cyclists be purchased as a standalone policy?
Yes, life insurance for cyclists can be purchased as a standalone policy or added as a rider to an existing life insurance policy. Individuals can choose the option that best suits their specific needs.
How does cycling affect life insurance rates?
Regular cyclists may benefit from lower insurance rates. Cycling contributes to a healthy lifestyle, and insurers may consider it a positive factor during underwriting. However, rates may vary based on the type of cycling and any associated risks.
What are the health benefits of cycling that may impact life insurance rates?
Cycling has numerous health benefits, such as improved cardiovascular health and overall well-being. Insurers may take into account an individual’s active lifestyle, including cycling, when determining life insurance rates.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
