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General Category => General Discussion => Topic started by: Travlr on May 01, 2016, 07:07:37 AM

Title: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Travlr on May 01, 2016, 07:07:37 AM
My BMW is 30+ years old and Dairyland will not insure it without an appraisal.

Who will write full coverage on a vintage bike?

Thanks,

Mike
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Gliderjohn on May 01, 2016, 07:27:25 AM
For awhile I fully insured my T-3 with Am. Family. They asked for a letter from a dealer giving their estimated value and then the agent and I agreed on a "totaled" value and they set premiums from that.
GliderJohn
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: blackcat on May 01, 2016, 07:33:38 AM
Hagerty will write a policy for your bike. I have my 81 CX insured by Hagerty along with another vehicle, so it was an easy add on and they didn't require an inspection. Just name your insured value for the bike.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Cam3512 on May 01, 2016, 07:43:37 AM
http://www.condonskelly.com
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: airone on May 01, 2016, 07:50:28 AM
https://www.jctaylor.com/


I've used J C Taylor for 25 years. Very easy to deal with. You set the value and pay accordingly.
If they think the value is too high the might want an appraisal but I have never been asked to have one done. Now if I get a new old bike one phone call and they will email me an insurance card that I print out. Must have three bikes or more and might need one non vintage bike. They like a limit of 2500 miles per year per bike and that you belong to a club. Only have two old bikes?  Get a Robin for your third!

Mac
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: cloudbase on May 01, 2016, 07:55:59 AM
Progressive insures my '84 V65 SP.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 01, 2016, 08:19:06 AM
Hagerty is insuring my 1972 Kawasaki H2 and my 1978 Yamaha DT100 so far.  I'm looking forward to the year my '89 Mille is old enough for them to insure it.  NC is not a great state for insurance in general, and the Mille costs something like $160/year with Progressive.  It'll probably be around $90 with Hagerty.  They do require that the bike not be used for regular transportation, like commuting to work, and you have to send them a photo.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: RayB on May 01, 2016, 08:34:26 AM
I pay the thieves at State Farm to cover (fully) my 82 R100
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: oldbike54 on May 01, 2016, 09:12:42 AM
Progressive insures my '84 V65 SP.

 Same with my /5

 Dusty
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Guzzistajohn on May 01, 2016, 09:17:32 AM
Same with my /5

 Dusty

I use progressive too. A few years ago I added the 2nd old lemans they raised my rate $1.00. I told my agent to give flo a pat on the ass for me!
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: pmillar on May 01, 2016, 10:57:42 AM
Here in MI I have my Eldo insured by Auto Owners. They also insure my house, cars and boat which probably makes a difference. One nice thing though, the collision/comprehensive coverage is based upon my statement of value from many years ago. As an aside, insurance in MI is expensive. (my rates went up years ago when I moved from Costa Mesa, CA back to MI   :violent1: )
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Tom H on May 01, 2016, 11:56:18 AM
Progressive. My old bikes are full coverage with agreed value. As long as the agreed is close to what they think it should be, all is very easy. If you have a pristine restoration and want $20,000 for the agreed, they want pictures and such for proof.

I do not know about their service, but for all 4 bikes, I'm at about $350 per year.

Hope this helps,
Tom
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Groover on May 01, 2016, 12:17:05 PM
I use progressive for my 81G5 and 80's Vespas. They'll go as high as what blue book value is (according to my agent), if you want to covererage for more, you can with an appraisal. You'll also need to have a photo from all 4 sides on file. I think that's just normal process (photos on file)

Getting an appraisal is the tricky part as most I contacted would use KBB and nobody around here was willing to give an overage appraisal because they're not familiar with bike make.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 01, 2016, 12:29:22 PM
...and nobody around here was willing to give an overage appraisal because they're not familiar with bike make.

Too bad you're not way out in the middle of nowhere like I am.  I ran into the not-familiar thing when trying to get a motorcycle appraised a few years ago, but rather than refuse to help, the two local shops pretty much just asked me what I wanted them to write down, and they did.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Arizona Wayne on May 01, 2016, 12:42:05 PM
Progressive insures my '84 V65 SP.


Progressive is insuring my `77 Convert. combined with my other bikes/scooters.  :thumb:
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Red07 on May 01, 2016, 12:57:00 PM
 :1:  on Haggerty. 


Randy
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: fatbob on May 01, 2016, 12:58:42 PM
Geico
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: blackcat on May 01, 2016, 01:05:14 PM
:1:  on Haggerty. 


Randy

Never had to make a claim with the bike but when I had a small mishap with the el Camino, I called Hagerty and they said to send them a photo of the damage and get an estimate. Sent it in via email, and they sent me a check for the full amount of the estimate.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: sdcr on May 01, 2016, 04:02:42 PM
My BMW is 30+ years old and Dairyland will not insure it without an appraisal.

Who will write full coverage on a vintage bike?

Thanks,

Mike

Odd, I just signed up with Dairyland for my 33 year old Le Mans. Good rates too. The only issue was with the VIN number not matching up to their criteria.

John

1983 Le Mans III
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Tobit on May 01, 2016, 04:05:07 PM

Lemans IV full coverage.  Progressive.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Turin on May 01, 2016, 05:21:05 PM
 :1: Hagerty. I've got two cars and two bikes insured through them. years ago I had an accident with my torino and they were easy to work with and very fair.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: screamday on May 01, 2016, 07:28:50 PM
I have a 1988 R100RS that I have full coverage on through Progressive. The agent just needed to see it an take pictures. I've had Progressive fir close to 10 years now.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: dsrdave on May 01, 2016, 07:32:54 PM
Be care full insuring an older bike through a normal bike policy.  You are covered but the value they assign the bike may surprise you as to how low it is.  Hagerty is great.  I'm currently with continental west for about 1/2 the cost of hagerty for the same coverage.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: drlapo on May 02, 2016, 07:38:06 AM
Dairyland covers my 35 year old Triumph and 31 year old BMW
Are you asking for an agreed value policy?  That may require an appraisal
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Travlr on May 02, 2016, 07:56:50 AM
Dairyland covers my 35 year old Triumph and 31 year old BMW
Are you asking for an agreed value policy?  That may require an appraisal

Dairyland has said they will not insure for other than liability w/o an appraisal.

M
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: PeteS on May 02, 2016, 08:19:16 AM
http://www.condonskelly.com

I use these guys for my LeMans and Norton. Full coverage (including COMP AND COLLISION) for both about 100 bucks. The only downside you are limited to 2500 miles a year on each. Not something I am likely to exceed.

Pete
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: blackcat on May 02, 2016, 11:19:51 AM
Just my experience with Dairyland: they suck. Even my insurance agent agreed though they have supposedly gotten better, but I'd never touch them again.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: rocker59 on May 02, 2016, 12:34:09 PM
Dairyland has said they will not insure for other than liability w/o an appraisal.

M

Is there a problem getting an appraisal ?
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: rocker59 on May 02, 2016, 12:36:16 PM
:1: Hagerty. I've got two cars and two bikes insured through them. years ago I had an accident with my torino and they were easy to work with and very fair.

 :thumb:

Everyone I hear from seems happy with Hagerty.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 02, 2016, 12:47:33 PM
Odd, I just signed up with Dairyland for my 33 year old Le Mans. Good rates too. The only issue was with the VIN number not matching up to their criteria.

Insurance stuff varies a lot from state to state.  I can't even get Dairyland insurance in North Carolina.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Tom on May 02, 2016, 01:15:56 PM
I have Progressive.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: EldoMike on May 02, 2016, 01:18:59 PM
Just did two of my bikes through Hagerty...easy peasy...
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: oldbike54 on May 02, 2016, 01:24:44 PM
Insurance stuff varies a lot from state to state.  I can't even get Dairyland insurance in North Carolina.

 Yes , the best insurance often varies state to state . Dairyland pulled out of Oklahoma years ago because a court forced them to pay out on a policy that was already cancelled due to non payment .

 Dusty
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Tom on May 02, 2016, 01:29:02 PM

That doesn't seem right but courts do thinks that aren't logical.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Testarossa on May 02, 2016, 01:31:38 PM
All my bikes are insured thru Allstate, along with the car, van and home. Package deal.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: oldbike54 on May 02, 2016, 01:38:31 PM
That doesn't seem right but courts do thinks that aren't logical.

 It wasn't right .

 
All my bikes are insured thru Allstate, along with the car, van and home. Package deal.

 Unfortunately Oklahoma law requires a separate policy for MCs . No idea why , but Allstate wants 3 times as much as Progressive , even though everything else , house , cars , is insured through Allstate .

 Dusty
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 02, 2016, 01:46:38 PM
And in NC, Allstate and Progressive are very competitive with each other.  In my case, Progressive was a little cheaper. 

Something odd happened with Dairyland in NC as well.  I had a policy that was underwritten by some company or other, though Dairyland, but after one year, they canceled it and said they were no longer writing insurance in NC.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Perazzimx14 on May 02, 2016, 04:54:48 PM
State Farm doesn't seem to take issue insuring whatever I have. Vintage or modern. They ask full coverage or liability and bill accordingly. 
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: guzzibob on May 04, 2016, 01:45:12 AM
All 3 of my bikes full coverage through Geico no assigned value
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Rough Edge racing on May 04, 2016, 05:09:36 AM
 Hmm, I only have liability on my bikes and they are all old.
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: EldoMike on May 04, 2016, 07:03:44 AM
Hmm, I only have liability on my bikes and they are all old.

Hagerty full coverage insured my two bikes for the same price as Geico did for just liability
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 04, 2016, 11:43:16 AM
All 3 of my bikes full coverage through Geico no assigned value

I'm not sure that sounds good.  Did they agree to pay the full cost of replacement if necessary?
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Tom H on May 04, 2016, 12:27:34 PM
No assigned value = blue book I believe.

My old bikes are agreed value. If something should happen, it would be enough to get a running replacement.

My $.02,
Tom
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: drlapo on May 04, 2016, 01:11:33 PM
I'm not sure that sounds good.  Did they agree to pay the full cost of replacement if necessary?
the full cost of "replacement" is Actual Cash Value; the cost of a comparable bike not a new one.
also known as LKQ: like kind and quality.
replacement cost means different things in different policies.
if you want new for old make sure of the policy definition
Title: Re: Which Insurance Carriers Will Insure A 30 Year Old Motorcycle?
Post by: Triple Jim on May 04, 2016, 03:00:42 PM
Interesting, thanks drlapo.  No, I don't want to have an old motorcycle replaced with a new one or anything like that, I just want some assurance that if I have to make a claim, there won't be a big argument about how much it was worth.  My Hagerty policy spells it out as "agreed value", and as I understand it, that means we agree as to the value, and that's the number.