Vintage Moto insurance does have lower rates but it is a totally different kind of policy, riding restrictions, requires an appraisal and other documents. The rider has to qualify for this as well and one of the requirements is a Full M license and 5+ years moto licensed. You will have that option available in a few years but honestly the smaller the engine size the less it makes sense to insure it as vintage anyways. Ends up being better to insure normally once you factor in the appraisal costs and restrictions. Also not the best idea if it is the one and only bike you own.
REQUIREMENTS & RESTRICTIONS
Older bikes are not cheaper to insure, just harder to place and more hoops to jump through. Comparing apples to apples coverage the unrestricted rates (non-vintage) for a 1981 Honda CB750 is not that different from a 2011 Honda VT750. The thought process is that if someone crashes on an older or newer motorcycle, an accident /claim would be pretty much the same.
Restricted to officially sanctioned RALLIES, Motorcycle Events, Parades, Motorcycle Shows, meets ”. That can mean a ride or event that has been organized, advertised (does not have to be CVMG event). Even speaking with the underwriting departments of those companies, they said that as long as the annual kms are not exceeded and the motorcycles are ridden here and there “within reason” they are ok with trips to the coffee shop or a ride around the neighborhood. They also confirmed that test and tune rides are fine.
What you CANNOT do is ride it to work, commute on it, take an arbitrary trip across the country or USA on a whim. The kind of stuff you can do on an UNRESTRICTED policy.
Vintage is not a year or age, it is a different kind of policy. You can insure a motorcycle from the 1960s through a “normal” policy and you can insure a motorcycle from the 1980s as vintage. Vintage policies are better suited for show bikes, collector bikes, restored rarities, and trailer queens that are just going from parade to swap meet rather than an older bike you ride around on all the time.
The bulk of every vehicle policy is the liability and accident benefits (medical, legal costs, rehab, etc). Vintage rates are lower because it perceived that the risk of injury and accident is lower due to the reduced annual kms, where and how it is being ridden, etc. Works ok if you have more than one motorcycle – your daily rider, and a 2nd or 3rd vintage collector bike. Not so good if that is your only motorcycle.
REQUIREMENTS & RESTRICTIONS
Older bikes are not cheaper to insure, just harder to place and more hoops to jump through. Comparing apples to apples coverage the unrestricted rates (non-vintage) for a 1981 Honda CB750 is not that different from a 2011 Honda VT750. The thought process is that if someone crashes on an older or newer motorcycle, an accident /claim would be pretty much the same.
- Motorcycle has to be at least 26 years old to qualify as “vintage class” but it is not a result of the age of the bike, it is a different kind of policy
- Requires an appraisal, photos, mechanical safety, etc.
- 2000 km Annual limit
- Restricted to officially sanctioned RALLIES, Motorcycle Events, Parades, Motorcycle Shows, meets
- Can be restored and upgraded with newer safer parts but cannot be chopped or “custom”
- Full M license required to insure as “vintage”
- Rider has to be 30 or older
- Prior motorcycle insurance required (AVP though not ECH)
Restricted to officially sanctioned RALLIES, Motorcycle Events, Parades, Motorcycle Shows, meets ”. That can mean a ride or event that has been organized, advertised (does not have to be CVMG event). Even speaking with the underwriting departments of those companies, they said that as long as the annual kms are not exceeded and the motorcycles are ridden here and there “within reason” they are ok with trips to the coffee shop or a ride around the neighborhood. They also confirmed that test and tune rides are fine.
What you CANNOT do is ride it to work, commute on it, take an arbitrary trip across the country or USA on a whim. The kind of stuff you can do on an UNRESTRICTED policy.
Vintage is not a year or age, it is a different kind of policy. You can insure a motorcycle from the 1960s through a “normal” policy and you can insure a motorcycle from the 1980s as vintage. Vintage policies are better suited for show bikes, collector bikes, restored rarities, and trailer queens that are just going from parade to swap meet rather than an older bike you ride around on all the time.
The bulk of every vehicle policy is the liability and accident benefits (medical, legal costs, rehab, etc). Vintage rates are lower because it perceived that the risk of injury and accident is lower due to the reduced annual kms, where and how it is being ridden, etc. Works ok if you have more than one motorcycle – your daily rider, and a 2nd or 3rd vintage collector bike. Not so good if that is your only motorcycle.
found it, you could not possibly sell me that, too many rules and it is going to end up costing me more.