Classic Motorcycle Insurance
Antique Motorcycle Policy Insurance Rates, Coverages and Discounts
Apr 4, 2008
Classic motorcycle insurance quotes are available for people who own custom or vintage motorcycles. Learn more about what factors affect antique motorcycle insurance rates.
Classic Motorcycle Insurance Quotes: Underwriting Criteria
Classic motorcycle insurance rate quotes are based on information specific to the bike. Antique motorcycle insurance rates rely in part on the age of the bike, which for most companies, must be at least 15-20 years old. When reviewing motorcycle insurance quotes online, it’s important to provide information about how bikes are stored. Vintage motorcycles usually have to be kept in a locked, enclosed area in order to qualify for the antique motorcycle insurance policy. In addition, companies that provide motorcycle insurance quotes online want to know that the motorcycle is used for pleasure trips only and not utilized as a commuter vehicle.
Antique Motorcycle Insurance Rates Vary Based on Drivers
In addition to information about the bike, antique motorcycle insurance rates vary based upon the drivers. Companies that offer motorcycle insurance quotes online are looking for a good driving history. Drivers should have no DUIs or major accidents within the last three years. Owners should also have at least three years’ driving experience to get the best prices on motorcycle insurance quotes online. In order to get the cheapest insurance rates, motorcycle owners should have at least one car or truck for every driver in the home. This lets the insurance company know that the antique motorcycle is not a primary method of transportation for anyone in the home.
Coverages Included in the Classic Motorcycle Insurance Quote
The coverages in the classic motorcycle insurance policy quote are designed for the unique needs of the owners of vintage and custom motorcycles. Coverages vary according to state requirements and insurance companies and include:
- Coverages included in the classic motorcycle insurance quote include physical damage. This coverage protects the motorcycle against anything other than collision.
- Other than collision coverage includes losses due to theft, vandalism, fire and other sudden, unexpected events.
- Collision insurance provides protection for damage to the antique motorcycle caused by the owner.
- Personal injury protection provides coverage for medical expenses arising from an accident involving the named insured regardless of who was at fault and is available as part of the classic motorcycle insurance quote in some states.
- Uninsured and underinsured motorist provides coverage in case of an accident involving another party without insurance or without adequate insurance to cover the loss.
- Liability insurance protects the named insured from lawsuits arising from people or property damaged by an accident caused by the named insured.
- Additional coverages may also be available in the motorcycle insurance quote including coverages that protect the bike’s value from depreciation and inflation in case of a loss. Personal property or motorcycle parts coverage may also be available.
Antique Motorcycle Insurance Rate Discounts
Antique motorcycle insurance rate discounts are available to qualifying drivers. Operators can receive discounts for being a member of an approved association. Antique motorcycle insurance rate discounts are also available for motorcycles equipped with anti-theft devices. An increased deductible can also result in a premium savings and a discounted motorcycle insurance rate.
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