Antique Motorcycle Insurance
Similar to seeking coverage for antique automobiles, getting antique motorcycle insurance requires a bit of research. There are motorcycle insurance companies that offer specialized insurance plans specifically for covering antique motorcycles. Most owners of vintage or antique motorcycles put very few miles on the bike per year. Motorcycle insurance companies take this into account when covering an antique motorcycle compared to a more modern bike. The logic here is that less miles equals less likelihood of an accident, and thereby less likelihood of a claim being made. When looking for antique motorcycle insurance plans, be sure to look into the mileage limits that may exist on your policy. If you policy has a mileage limit on it and in the scenario that you exceed that limit in a designated time period, your bike will not be covered for claims.
There are several factors that influence the savings you will likely receive on antique motorcycle insurance versus standard motorcycle insurance coverage. Besides the reduced mileage you will put on the bike, most owners elect not to include collision coverage in their policy. Unless your bike is extremely valuable, there is no reason to include the extra cost to your policy. Electing only for the minimum state requirements will save you money while keeping you safe from tickets.
Antique motorcycle insurance also takes into account that riders of antique motorcycles are far less likely to get into an accident that more modern bikes. This is often due to the reduced speeds at which antique bikes travel, due in part to their often times smaller engines and less aggressive gearing.