Buying vintage motorcycle insurance is a great option for owners of older bikes.
By older bikes, I'm referring to motorcycles that are at least 25 years old or older. Most insurance companies that cover vintage bikes won't classify them as such unless they are at least that age.
Another common requirement is that the motorcycle will need to have a natural collector value. If it's not "increasing" in value as it ages, some insurers don't want to put it in the classic motorcycle insurance category.
You may wonder what the big deal is. Why does it matter if you have classic or antique motorcycle insurance as opposed to regular motorcycle insurance? Do you know what the difference is in the two?
Classic motorcycle insurance can sometimes save you a bit of money, especially if you aren't putting very many miles on the bike each year.
I consider saving money a big incentive when it comes to insurance, but it shouldn't be your only consideration.
If you've got a truly classy old ride that you've invested your money and love into, you want to be sure that you have adequate insurance to cover your loss if your motorcycle is stolen, vandalized, or damaged in some form of accident.
Some insurance providers will allow you to insure your bike for an Agreed Value.
You'll have to get the agreement of the insurance company over the value that you provide them, but it's worth that little bit of effort if you've got a special bike or one that has been highly customized with a lot of extra features and fixtures.
These are some of the insurance companies that offer vintage motorcycle insurance:
Taking the time to get quotes and comparing the details on the proposed policies is a good way to ensure that you are getting the right antique motorcycle insurance as well as the best price.
If you've already got some experience with motorcycle insurance, I'd love to hear your opinions. Please add your motorcycle insurance review here.
Enjoy your ride!