4 Best Insurance Companies to Consider for Vintage Motorcycles

I fell in love with motorcycles when I was six years old. The man who would become my stepfather used to take me out for long rides after school. It felt good to have the wind rushing past the helmet while leaning into each curve.

Although a bike doesn’t create a relationship, it provides common ground when disagreements occur. Once I was old enough to ride legally, I bought my own motorcycle, and we’d ride together to hash out our family differences.

It’s a tradition I’m excited to continue with my kids in a couple of years when they’re old enough to have their licenses.

Before getting out there on the open road with a vintage motorcycle, you must have insurance to protect your investment. The best policies bring the benefits of standard coverage (liability, comprehensive, and collision) with the specific options your make and model require.

From Where Can I Purchase Vintage Motorcycle Insurance?

According to my research, here are the top insurance companies currently covering vintage motorcycles.

1. Progressive

At Progressive, you can insure a classic motorcycle for as little as $75 annually. The entire quote process happens online.

You’ll need to tell the insurer the make and model of your vintage motorcycle, then discuss your insurance needs to protect its value.

When you work with Progressive, you can add OEM parts coverage, accessories assistance, and insurance for custom equipment to your policy. Everyone receives $3,000 in the latter at no extra cost with your quote when adding comprehensive and collision. If you need more than that, you can raise that level to $30,000.

The insurer pays to repair vintage bikes with OEM parts when that coverage is active. If things were customized, then that’s how they get replaced.

Several discounts are available to help riders save even more when they meet specific qualifiers, such as taking a safety course or having a clean driving record.

2. Hagerty Insurance

This insurer offers a vintage program designed for bike lovers. The policies provided by this company are based on the idea that you should be riding your motorcycle instead of sticking it full-time in storage.

When requesting a quote from this vintage and collector motorcycle insurer, you’ll receive protection for what the bike is worth. You’ll need to agree on a fair value. Once you get to that point, that amount gets paid, less any deductible that applies.

Hagerty is known for staying faithful to their promises while delivering world-class customer service. It’s one of the highest-rated insurance companies in any category, not just as a vintage provider.

You’ll have access to in-house claims adjusters who understand the repair needs of your unique make and model. It’s up to you to choose the shop or decide to do the work yourself and get paid for it when something needs to get fixed with a value claim.

Hagerty offers club benefits and multi-vehicle discounts with their vintage motorcycle insurance policies. They’re just behind Progressive because getting through the quote process is a bit harder.

3. Dairyland Insurance

This company offers coverage for motorcycles of all kinds, including vintage bikes. They have a range of coverage options to choose from, including liability, collision, and comprehensive coverage.

Suppose you need full coverage for a vintage bike and know you’re in a high-risk driving category because of past citations or accidents. In that case, this insurer delivers competitive rate quotes in virtually all circumstances.

You’ll find the following optional additions at Dairyland to help you protect your retro motorcycle in the way you believe is best.

• Guest Passenger Coverage. This add-on pays to treat injuries that a passenger sustains while riding with you. A standard policy doesn’t offer this benefit.
• Damage Plus Insurance. With this choice, you can pay to repair the damage to your motorcycle with OEM parts.
• Rental Reimbursement. If it takes some time to repair your vintage bike, this option lets you continue to manage your daily routines and travel needs.
• Special Equipment Coverage. Should you be in an accident or collision that damages non-standard modifications to your bike, this policy covers the cost differences between the covered standard parts and the customized replacements required for the motorcycle.

Although the website doesn’t have some of the same features or online tools that other insurers provide during the quote generation process, you’ll still get the info you need by providing the required information.

You can pay your insurance through the mobile app, receive bill alerts, and access digital cards with your vintage motorcycle coverage. The average policy costs $881 annually for the average motorcyclist, but that is still 20% cheaper for high-risk riders than average.

If you cannot get covered by one of the country’s bigger insurance names, Dairyland likely has the policy to consider.

4. Foremost Insurance

This insurance company is a particular favorite for motorcyclists with vintage bikes. Their reputation for providing high-value policies with affordable premiums makes them a popular choice for getting a quote.

Foremost offers a range of coverage options for vintage motorcycles, including liability, collision, and comprehensive coverage. They also provide coverage for accessories and custom parts so that you can insure all the critical components of your bike.

Several savings opportunities are available to consider for most riders, including multi-vehicle and safety course discounts or anti-theft device inclusion. There is also a reputation for excellent customer service, offering specialized coverage options for virtually any make and model.

Steps to Follow When Requesting a Vintage Motorcycle Insurance Quote

The first step is to research the top insurance providers for vintage motorcycles. Look for insurers specializing in this option while maintaining a positive reputation for customer service, such as those found in this post.

Then gather information about your vintage bike. Most insurers need you to include the make, model, year, and any modifications or accessories when requesting a quote. Once you have these items, you’re ready to contact insurers. Most allow you to submit the info online for a free estimate in a few minutes.

You might be asked to provide additional information about your motorcycle, driving record, and other factors impacting your insurance rates.

Once you have at least three quotes, compare them to find the best option for your vintage motorcycle. Then you can help others fall in love with the open road like you did one day.