Insuring a Vintage or Classic Motorcycle: Special Considerations

Motorcycles often represent significant financial investments and include various risks on the open road. Classic, vintage or antique vehicles can carry especially high value and may require even greater financial protection.

What Is Classic Bike Insurance?

Coverage for your classic bike may go by many terms, including classic, vintage and antique motorcycle insurance. Regardless of the label, these policies generally focus on providing financial security, potentially providing crucial funds and resources in response to accidents and other incidents, including those occurring while your bike is parked.

How Does Classic Motorcycle Insurance Work?

Classic motorcycle insurance typically provides enhanced coverage and additional options compared with standard motorcycle insurance policies that might be appropriate for more modern or ordinary bikes. Motorcycles are generally considered classic, vintage or antique depending on their age, although exact qualifications for this type of specialized coverage may vary by insurance company. In many cases, vehicles must be at least 20 to 25 years old to be eligible for classic motorcycle coverage. Other requirements may also need to be met, such as your bike appearing as it did when first manufactured and the vehicle not being used for routine commutes or errands.

Classic motorcycle insurance policies may include many of the same components and features as standard coverage, such as the following:

• Liability coverage can render financial aid if you are at fault for an accident on the road that incurs third-party losses, such as bodily injuries or property damage.
• Collision coverage may help pay for repair or replacement costs if your classic motorcycle is damaged after a collision on the road.
• Comprehensive coverage can financially protect your classic vehicle after noncollision incidents, such as fires, theft and vandalism.
• Gear coverage can provide financial assistance for losses involving your riding gear, such as a classic jacket or helmet.

In addition to the aforementioned coverages, classic motorcycle insurance companies may offer specialized options to ensure you can have your vehicle restored with parts from its original manufacturer. Additionally, classic motorcycle breakdown coverage may help pay for towing and other costs if your bike requires roadside assistance.

Why Classic Motorcycle Insurance Is Important

Your classic motorcycle may be of significant financial and sentimental value. These vehicles are often rare, valuable, difficult to replace and expensive to maintain. With this in mind, ensuring you have access to the financial resources needed to care for your prized bike is essential. An adequate classic motorcycle insurance policy should be considered a top priority.

Learn More

At Southern Insurance AL LLC, we have over 30 years of experience serving bikers and other motorists in the Foley area. Contact us today to learn more about your coverage options or to get a classic motorcycle insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.