Classic Motorcycle Insurance - Understand the Unique Differences

 Similar to classic cars, classic motorcycle insurance is very different from conventional auto insurance.  There are a number of insurance companies that specialize in insuring classic vehicles because of their uniqueness.  In order to qualify for classic motorcycle insurance, your bike will likely have to be at least 15 years old.  Some states require your motorcycle to be at least 25 years old.  Often times it must be kept in a locked garage and it can be driven for no more than 2,500 mile annually.

These seem like tight restrictions but classic motorcycle insurance does not cover usage of the bike for regular transportation.  These bikes are insured for hobby activities or pleasure cruising only.  Classic motorcycle insurance is affordable and offers "Agreed Value" coverage.  In the event you are in an accident and the bike is a total write off, you will be paid the full insured value to cover your loss.  This is very different than auto insurance.

Some classic motorcycle insurance companies also offer inflation guard coverage where your motorcycle's value actually increases quarterly and you are covered for this increase in case of a total loss accident.  Again, very different than car insurance.  There are a number of motorcycle insurance companies who offer online quotes for free.  Be sure to shop around to get the best rates available.