Motorcycle Repair Insurance Protects Your Ride

Motorcycle repair insurance is a must-have for any rider who wants to protect their investment.

It can cost anywhere from $100 to $500 per year, depending on the policy and your location.

A single repair bill can easily exceed the cost of a year's worth of insurance, making it a worthwhile investment for many riders.

For example, a high-performance motorcycle engine can cost upwards of $10,000 to replace, a cost that insurance can help mitigate.

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There are several types of coverage to consider when it comes to motorcycle repair insurance. Some policies come with coverages that are automatically included, such as liability and physical damage coverage.

Motorcycle insurance policies can be customized to include specific components or systems, allowing riders to tailor coverage to their individual needs. This is known as coverage customization.

Depending on the type of policy, motorcycle insurance may cover repairs related to accidents, even if the rider was found to be at fault. However, the policy terms and limits will determine the extent of coverage.

Here are some examples of covered components:

Keep in mind that some components, such as clutch assemblies and cables, are not covered at any time.

Liability coverage is a mandatory part of motorcycle insurance, and it's often included in your policy.

Bodily injury and property damage liability (BI/PD) coverage pays for damages to other vehicles and injuries to others if you're liable in a motorcycle accident, as well as legal expenses if you're sued. Bodily injury coverage is mandatory in almost every state.

Some motorcycle insurance policies come with comprehensive and collision coverage, which can cover repairs related to accidents even if you were found to be at fault.

Your motorcycle policy may also come with coverage for accessories and custom parts/equipment (CPE), which can include upgrades, customizations, equipment, and accessories.

With Pinnacle Protection Plans, you're covered with the same or better parts as your original equipment. If you have custom parts, you'll be repaired with those too.

You can rest assured that OEM parts will be used in repairs. This means you won't have to settle for aftermarket parts that might not match your bike's original brand.

Your headlight will be replaced with one from the original manufacturer, just like in Example 2. This ensures that your bike's brand and quality are preserved.

Full replacement cost is included for OEM parts, so you won't have to worry about depreciation. This means you'll get the full value of the part, not just its depreciated value.

If you carry the bare minimum amount of motorcycle insurance, you may just have a no-frills insurance policy that can cover liability if you’re found to be at fault in an accident. Most state laws entitle the victim to either the cost of repairs or the fair market value of the Motorcycle if it’s been totaled.

Property damage claims include your bike and any other physical losses to possessions, and most state laws entitle the victim to either the cost of repairs or the fair market value of the Motorcycle if it’s been totaled. Insurance companies view property damage and personal injury claims as two separate issues.

The actual cash value (ACV) of your Motorcycle is the cost of a similar vehicle, and insurance companies subtract a variable amount for age and normal wear and tear from the ACV before paying the remaining amount to the insured party. This can leave you with a lower payout than the value of a replacement vehicle.

If someone without insurance hits you, you might be able to get help from your Uninsured/Underinsured Motorist (UM/UIM) coverage.

This type of coverage can pay for your medical bills, damages to your motorcycle, and lost wages if you can't work.

Sometimes, the driver who hits you will pay out of pocket for damages, but if they can't, UM/UIM kicks in.

UM/UIM coverage will pay for your injuries up to the limits of your policy, as seen in the example of someone being blindsided by a driver with no insurance.

You'll need to check your policy to see if you have UM/UIM coverage and what the limits are.

Roadside assistance and trip interruption are two valuable features that can save you time, money, and stress in case of an emergency on the road.

Our roadside assistance program will tow your bike to the nearest repair shop for free if it's disabled anywhere in the United States or Canada.

If you're stuck away from home, you can also add trip interruption coverage to pay for food, hotel, or transportation up to $500.

This coverage can be a lifesaver if you're on a long trip and your bike breaks down.

Covers personal belongings that you carry on your bike if they're damaged due to a covered loss, including phones, camping equipment, and hunting gear.

If you're involved in an accident, your motorcycle insurance can help cover repairs. However, the type of coverage you have will determine the extent of the coverage. If you carry the bare minimum amount of motorcycle insurance, you may only have liability coverage, which can cover damage to other people or property, but not your own bike.

Your deductible will also come into play when filing a claim. Some insurance policies, like the Vanishing Deductible, can lower your deductible to $0 if you have a claim-free policy. Others, like the Standard Motorcycle Deductible, may require you to pay $25 per claim.

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If you have a collision coverage claim, you'll need to consider the cost of the damage to your vehicle. If repairs would be less than your deductible, it may be cheaper to pay out-of-pocket.

Extended service contracts can provide additional coverage for repairs and replacements. These contracts can cover the costs of repairs and replacements, saving you from unexpected expenses. They can also provide financial stability and predictability, as you'll know exactly how much you'll need to pay for repairs.

Here are some common types of claims:

Note that property damage and personal injury claims are two separate issues. If your insurance includes property damage liability, any damage you may have caused to the other vehicle or possessions of the other party are covered.

In some cases, your insurance company may deem your motorcycle totaled. If this happens, you'll be paid the actual cash value (ACV) of your bike, minus a variable amount for age and normal wear and tear. Unfortunately, many state laws don't require insurance companies to award the value of a replacement vehicle.

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Having an extended service contract can be a game-changer for motorcycle owners, as it saves them from unexpected and potentially crippling expenses.

By covering the costs of repairs and replacements, these contracts ensure financial stability and predictability, so riders won't be caught off guard by surprise repair bills.

On-Road and Off-Road motorcycles with active service contracts have higher resale values, as potential buyers are reassured by the comprehensive coverage in place that they’re making a sound purchase.

Extended service contracts can be a game-changer for motorcycle owners, saving you from unexpected and potentially crippling expenses.

By covering the costs of repairs and replacements, these contracts ensure that you won't have to dip into your savings or take out a loan to cover surprise repair bills.

With an extended service contract, riders won't be caught off guard by unexpected repair bills, ensuring financial stability and predictability.

When you invest in a motorcycle with an active service contract, you can expect a higher resale value. This is because potential buyers feel confident in their purchase, knowing they're getting comprehensive coverage.

On-Road and Off-Road motorcycles with active service contracts have higher resale values, as potential buyers are reassured by the comprehensive coverage in place that they’re making a sound purchase.

If you're looking for a plan that provides coverage for all components originally covered under the manufacturer's warranty, consider the Autrella Extended Service Plan, which includes wear & tear coverage and aftermarket coverage with a small $50 deductible.

ASC Warranty Extended Service Plan offers coverage for all components originally covered under the manufacturer's warranty with no deductible, and terms are in addition to the Original Factory Warranty Period.

You can retain coverage for your motorcycle with the Autrella Extended Service Plan, which provides coverage for up to 7 years, including stock, customized, and upgraded motorcycles.

ASC Warranty Extended Service Plan allows tuners and exhaust with endorsement, and provides up to 7 additional years of coverage for new terms and 5 years for used terms.

The Headstart Warranty Extended Service Plan provides exclusionary coverage, which means they'll cover the necessary costs of repairs, except for terms listed and parts under Section VII – Exclusions- What this Agreement Does Not Cover.

Eagle Guardian Extended Service Plan provides coverage for virtually all factory installed or factory approved parts, as well as aftermarket or upgraded components designed for and properly installed on your motorcycle, for up to 5 years.

You can renew your extended warranty plan with the Autrella Extended Service Plan, which provides coverage for up to 7 years, including stock, customized, and upgraded motorcycles.

With the Eagle Guardian Extended Service Plan, you can get coverage for up to 5 years on new and used motorcycles, and up to 7 years with an endorsement.

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You've got a few options to consider when it comes to motorcycle repair insurance, and each one has its own unique benefits.

The ASC Warranty Extended Service Plan offers no deductible and can be added to the original factory warranty period, providing up to 7 additional years of coverage for new motorcycles and 5 years for used ones.

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The Eagle Guardian Extended Service Plan provides coverage for factory-installed and dealer-installed parts, as well as aftermarket upgrades, for up to 5 years on new and used motorcycles.

If you're looking for exclusionary coverage, the Headstart Warranty Extended Service Plan might be the way to go, covering necessary repair costs with a deductible amount and including replacement of covered components due to normal wear and tear.

Having a protection plan can make a big difference in the event of a breakdown. Pinnacle Protection Plans service contracts include provisions for towing and emergency assistance, which can be used to coincide with the manufacturer's warranty.

This means motorcycle owners can get help quickly and easily, without having to worry about the added expense of towing or repair costs.

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The Eagle Guardian Extended Service Plan is a great option for riders who have upgraded their motorcycles. It provides coverage for virtually all factory installed or factory approved parts.

This plan covers essential mechanical, hydraulic, electrical, and electronic parts, so you can ride with confidence. Aftermarket or upgraded components designed for and properly installed on your motorcycle are also covered.

The terms of the plan are from the contract purchase date, and it's designed for motorcycles that have been upgraded. You can get up to 5 years of coverage on new or used motorcycles.

One of the benefits of the Eagle Guardian Plan is that it's designed for motorcycles that have been upgraded. This means you can get coverage for the new parts and components you've added to your bike.

The plan provides up to 5 years of coverage, which is a great peace of mind for riders. This can give you the freedom to enjoy your motorcycle without worrying about costly repairs.

Additional reading: New York Motorcycle Insurance