Whether you have a classic, vintage, or antique motorcycle you will need to insure it. A vintage motorcycle is an investment that’s worth a lot of money, and in many cases, has sentimental value.
It’s best to
protect any of your motorcycles regardless of how much you drive them. Thankfully, there’s vintage motorcycle insurance that can fulfill all your motorcycle’s needs.
Vintage motorcycle insurance can change depending on who you are as a driver, what kind of bike you drive, and what you use it for. Unlike a regular motorcycle, your vintage motorcycle will need different coverage.
Vintage motorcycle insurance is often cheaper than regular insurance and has coverage relevant to vintage bike issues like specialty part repairs.
Best Insurance for Vintage Motorcycles
There’s a lot of options to choose from when it comes to motorcycle insurance. But vintage, classic, and antique motorcycles have different needs. That’s why we’ve reviewed the best options with all the coverage you need for your motorcycle.
See a vintage motorcycle insurance provider you like? Call Quote Purple and we can get you hooked up with one of our partners for a free quote.
Progressive – Best for discounts and bundles
You may already have insurance with progressive either on your house or your regular car. But did you know progressive also is one of the top picks for motorcycle collectors everywhere? Progressive has all the coverage your vintage motorcycle needs, is available nationwide, and can offer great discounts and bundles. To get cheap vintage motorcycle insurance, check out progressive.
Hagerty Insurance – Best for multiple motorcycles
Hagerty Insurance is a great choice for those with multiple motorcycles they want to insure along with their vintage motorcycle. Along with the comprehensive coverage, you’ll also receive affordable coverage if you insure your entire collection with Hagerty.
Nationwide – Best for high coverage limits
If you’re already with Nationwide, you can now bundle your regular car or home insurance with your vintage motorcycle. Nationwide partnered with Hagerty insurance to offer the comprehensive coverage a vintage motorcycle needs. Nationwide offers some of the highest coverage limits, allowing your bike to be protected no matter how valuable it is.
American Collectors Insurance – Best for insuring an entire collection
American Collectors offers a range of insurance options for vintage motorcycles and cars! If you’re a vintage auto collector, American Collectors offers an online community to share information on vintage autos. To save money on both vintage motorcycles and cars, bundle with American Collectors.
Markel Insurance – Best for custom bikes
Markel Insurance offers the best range of coverage when it comes to motorcycles. If your bike doesn’t qualify as a vintage motorcycle, you may want to just opt for a wide range of coverage.
What’s Considered a Vintage Motorcycle?
Motorcycles, much like cars, are considered classic or vintage if they are at least 25 years old and still resemble its original aesthetic and build. This may change depending who you choose to insure your motorcycle, and the condition of your bike.
Most insurance providers do not recommend vintage and classic-insured motorcycles be used as daily commuters, but can be ridden regularly. They should also be stored in somewhere like a garage for additional protection.
Be sure to keep track of all rebuilds and modifications done to a motorcycle. Classic bikes can easily become a custom motorcycle in the eyes of your insurance provider depending on how many modifications are made. This can drastically change the coverage options and the price of your vintage motorcycle insurance premium.
Requirements to Insure Vintage Motorcycles
In order to qualify for vintage motorcycle insurance, most insurance providers requires your bike to be:
- At least 25 years old (this may change depending on your provider)
- Somewhat resemble the original manufactured build
- Fulfill state liability requirements and minimum coverage standards
- Know your motorcycle’s VIN as well as the year, make, and model
- Disclose all possible riders and drivers
- Stored in a garage or a locked and enclosed space
This may change depending on your provider, as some will have even more requirements to qualify as a vintage motorcycle. There are insurance providers that specialize in vintage motorcycles who may have additional requirements such as:
- Minimum value requirements
- Collection value requirements
- Age or year restrictions
- Usage and racing restrictions and requirements
- Modification restrictions
Insurance providers who regularly handle normal auto insurance may only insure specific types of bikes, or won’t offer the same benefits as vintage providers. Keep reading to find out the best motorcycle insurance providers.
What You’re Really Paying For With Vintage Motorcycle Insurance
Unlike regular auto insurance for your car or even a commuter motorcycle, vintage motorcycles will need specialty insurance. Vintage motorcycle insurance will only protect concerns relevant to owning a vintage bike, rather than protecting against risks more common with an everyday commuter. This can include:
- Adjusted collision coverage
- Coverage for specialty parts
- Lower premiums
In addition to these benefits, your vintage motorcycle insurance company should also cover:
Agreed Value Coverage
This is an estimate of your motorcycle’s worth. Agreed value coverage is especially important if you get into an accident. It covers the agreed worth of the bike rather than the estimated price. It’s important to always check the value of your bike and renew as soon as you can, as the value of your motorcycle can change every year.
Inflation Guard
This coverage offers protection for accidents that occur before the value is adjusted. This coverage matches the price of inflation in your motorcycle’s actual value.
Towing and Labor for Coverage
This provides coverage for all roadside incidents. Any towing or roadside assistance care will be provided in the event your bike breaks down.
Specialty Parts Coverage
At no additional cost, policyholders can have the exact parts replaced in the event of an accident. This helps keep the integrity of the bike and will keep the motorcycle’s vintage status active.
Hassle-Free Renewals
When it comes time to renew your policy, you won’t have to re-apply for vintage status.
Want a Quote For Your Vintage Motorcycle?
Quote Purple works with some of the best insurance providers like Progressive to get you the best quote for your vintage motorcycle. To get competitive quotes and to find the cheapest vintage motorcycle insurance, call the number at the top of the page, or get a quote for us directly!
