Finding Motorcycle Insurance For Your Harley-Davidson Bike
Because Harley Davidson Motorcycles tend to be the upper end of bikes, they are obviously more expensive. And for this reason, they are more expensive to insure. Luckily for riders, the Harley Davidson name is big enough to carry some leverage. Groups, clubs and organizations are formed and subsequently insurance companies vie for the opportunity to service their members. Often times, this allows the Harley rider to benefit from discounts.
Further, buying a Harley Davidson motorcycle puts the owner in an enviable position as Harley Davidson USA provides bike insurance. This is a unique concept totally benefiting the insured since the representatives of Harley-Davidson Insurance Services are usually H-D owners themselves. Everything is specific to the Harley Davidson motorcycle. Generic insurance companies do not necessarily offer the same coverage as H-D since they are not totally familiar with the custom aspects of the motorcycle. Even the H-D MotorClothes apparel might be eligible for insurance.
While H-D riders are large in numbers and tend to be more mature individuals, which would lead one to think that insurance should be cheaper, there are several points that impact the cost of Harley Davidson motorcycle insurance.
- H-D motorcycles are hugely appealing to thieves so many bikes are stolen and stripped of their parts. Very few are recovered when the thieves remove the identification from the bikes.
- Because of the bike’s higher purchase price, the owner may be more inclined to lodge a claim than if the bike was less expensive.
- The high initial price tag means the motorbikes are more expensive to repair.
- Some Harleys are considered classics since the company has been producing motorbikes for over one hundred years and many models are no longer in production.
- Many owners finance their Harley Davidson purchases and as a result the lender will require comprehensive on the insurance policy causing the premium to be higher.
- Accessories and customization will affect the Harley Davidson insurance premium. The more “add-ons”, the higher the insurance premium.
- Since there is no official blue book (like with cars), H-D values are sometimes arbitrary with insurance companies. This means that “Agreed Upon Values” can be significantly higher or lower depending on the insurer.
- Some companies offer roadside assistance free while others charge.
- Extra insurance will be required to cover bodily injury and replacement of the Harley if the motorcycle driver is hit by an uninsured or underinsured motorist.
- Unlike cars where everyone in the car is covered by the insurance policy, Harley Davidson motorcycle insurance will include added costs associated with passenger coverage.
In summary, before purchasing a Harley Davidson motorcycle, it is probably worthwhile to inquire about insurance in order to determine what you can afford.
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About Author
Rudy Van Lancker is a consultant helping wealthy clients with in-depth advice on various topics including motorcycle insurance. He is also a big Harley-Davidson fan who regularly blogs about both subjects.
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Posted by American Car Insurance on July 6th, 2009 filed in motorcycle insurance | 9 Comments »
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9 Responses to “Finding Motorcycle Insurance For Your Harley-Davidson Bike”
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July 6th, 2009 at 10:05 am
Motorcycle insurance is CHEAPER than cars. I pay around $125 for a year….FULL COVERAGE, etc. through Progressive for my H-D. Check around and compare.
July 6th, 2009 at 10:31 am
I guess that would depend upon what company you go with. I know I have our race bikes insured and my oldest son who doesn't race as much anymore has a 2 year old crf250r. The insurance is less on his bike than his brothers new race bikes with all the added extras as we usually have to state how much the bikes would be worth for replacement cost.
July 6th, 2009 at 11:10 am
Depending on what kind of bike you have, you might want to keep insurance even when you are not riding. If you have a nicer bike, I would suggest full coverage. In the event that somebody steals your bike, you are totally covered. Motorcycle thefts happen a lot b/c its so easy to steal one. I had two bikes and both got stolen from my apt complex. Good thing I was covered with Progressive insurance. They covered the costs of the bikes, so I didn't lose any money
July 6th, 2009 at 12:28 pm
HOLY COW! We only pay about $150 a year here in Wisconsin. Since it's motorcycle season year 'round down there, that's probably why it's more expensive. I don't know if my company writes policies down there, but you could look them up on the web…Hastings Mutual Insurance Company in Michigan. Maybe Geico could help too, but I've never checked for motorcycles. They were higher on car insurance for us. Also, the kind of ride you have might make a difference too, such as a crotch rocket over a Gold Wing. Anyway, hope you find something. Ride to live, live to ride. <*)))><
July 7th, 2009 at 3:15 pm
sorry, but insurance rates are determined by a number of factors:
1) your age
2) experience
3) make and model of bike, including engine size
4) property crimes in your area
5) city, county that you live in
6) criminal activity in your area
7) credit history
For a 17 year old, on his own insurance plan for a bike like a 600cc .. look at about $1000 – $4000 a year.
July 9th, 2009 at 12:21 am
I have AAA insurance, the truck, the mustang ,the R.V.and the3 bikes are all insured as a package.
July 9th, 2009 at 2:37 am
Prices will vary a lot depending on what bike you get and what type of coverage you select.
Definitely get online quotes – I've posted links to a company that gives instant online quotes – but many of the traditional auto insurance companies also offer motorcycle coverage – give them a call.
In my case my motorcycle insurance was considerably cheaper than my auto insurance (I just have liability coverage on both my bike and my car).
July 9th, 2009 at 11:07 am
I would get a fair amount of coverage, regardless of anything.. just because it's better to be safe than sorry.
And yes, hit and run has gone up quite a lot.
You can get free quotes at:
http://car-insurance.moneysavecenter.com/100.php?id=m3y227
July 9th, 2009 at 12:04 pm
I rode for 12 years and always found Dairyland to provide great coverage at very low costs. Give them a look, it may be worth your while.