Insuring Classic and Vintage Motorcycles in Quinlan, TX
Texas issues vintage license plates to vehicles, including motorcycles, that are 25 years or older. However, the state law does not outline separate insurance requirements for classic or vintage motorcycles. Insurance companies usually have specific requirements for vintage vehicles. If you reside in or near Quinlan, TX, and need information about classic or vintage motorcycle insurance, the Slaughter Insurance Agency team is here to discuss your options.
What Distinguishes Classic and Vintage Motorcycle Insurance?
Texas law doesn’t differentiate insurance requirements based on a vehicle’s age. All motorcycles and vehicles must fulfill the same 30/60/25 bodily injury and property damage liability insurance requirements. Insurance companies typically set other criteria. Usually, the motorcycle must be around 20 to 25 years old, appear in new condition, or be undergoing active restoration. It’s usually acceptable to have non-original pieces as long as the overall bike looks factory fresh. Additional conditions often include limited mileage riding and secured garage storage.
Collusion and comprehensive coverage differ for vintage motorcycles compared to newer bikes. While new bikes are insured based on industry averages, vintage bikes are insured based on a mutually agreed-upon value. This agreement usually involves an inspection to verify the bike’s age and the brand of the parts. Also, when making a claim on a vintage motorcycle, insurers often cover the costs for OEM or the brand of installed parts in case of losses. They usually permit customers to use their preferred repair shop or conduct the repairs themselves.
In Partnership with Slaughter Insurance Agency
If you live in or near Quinlan, TX, our team at Slaughter Insurance Agency is ready to assist with your motorcycle and other insurance needs. Don’t hesitate to stop by today or call us at 903-356-6500 to schedule an appointment.
