Can I Add My Motorcycle to My Car Insurance Policy?

adding a motorcycle to a car insurance policy
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Do you have a motorcycle? If so, are you wondering if it is possible to add this vehicle to your auto insurance policy? This article will help answer all of the questions that may be running through your head about adding motorcycles to your existing policies. There are many factors that go into deciding whether or not it’s possible for you to add coverage to your motorcycle with an existing auto policy. Read on to learn more!

Adding a Motorcycle Endorsement to an Existing Policy

Many of the automobile insurance policies that are on the market today, offer what is called a motorcycle endorsement. This allows you to add motorcycles and other two-wheeled vehicles such as mopeds or scooters to your existing policy with just an extra premium charge. Your agent will be able to let you know exactly how much this additional coverage option will cost for your specific situation, so don’t forget to ask them if you have any questions!

How Much Will It Cost?

One important thing you need to remember when adding a motorcycle or any vehicle onto an existing car insurance plan is that prices can vary greatly from company to company depending upon several factors including:

  • The Type of Motorcycle Being Added to Your Policy
  • Where You Live
  • Coverage Limits of Your Current Plan

The best way to get a rough estimate on how much it may cost is by getting quotes from several different auto insurance providers before deciding which one is right for you. (Malhotra & Assoc. Insurance can help you with this!) It’s safe to say that adding motorcycles onto existing policies will typically increase your monthly premiums anywhere between 20% – 100%. However, many bikers are willing to pay these additional costs because they feel more secure knowing that their bike is appropriately insured. Neglecting this important step could lead not only to financial loss but also legal problems if you’re ever in an accident.

If You Are Currently Uninsured or Your Policy is Expired

In some situations, auto insurance providers may not offer motorcycle endorsements on existing policies, if you’ve been uninsured continuously for 6 months or if your policy has expired. If this sounds like your situation and you’d still like to add motorcycles to your plan, the first thing you’ll need to do is get several quotes from different companies and see which one offers the best price. Another option would be to purchase what’s called non-owner liability coverage (liability only) as it will allow riders with no existing auto insurance policies on their two-wheeled vehicles such as scooters, mopeds, or motorcycles to be covered if they’re ever involved in an accident. This type of policy is typically much cheaper than adding a bike onto your existing plan and offers almost the same amount of coverage, as long as you always carry it with you when riding out on the road.

Bundle Your Motorcycle and Car Insurance Policies

In some situations, it may be a better idea to purchase both your auto and motorcycle insurance from the same car insurance provider as this will typically save you money on monthly premiums. However, if you choose to do this make sure that your provider offers at least two separate coverages for motorcycles such as liability coverage (which covers injuries or damages caused by accident fault) and collision/comprehensive protection which covers physical damage to bikes in case of an accident regardless who is at fault. This way you can rest assured knowing that your bike is covered no matter what happens while you’re out riding!

Don’t Forget About Insurance Costs When Purchasing New Bikes

Finally, one thing we would like our readers to keep in mind when choosing between purchasing a new or used motorcycle is that insurance costs can vary depending on the value of your motorcycle. For example, if you’re looking to purchase a brand-new Ducati Panigale (a nice bike!) 1190R at $30,000 and opt for non-owner liability coverage only – it’s going to be much cheaper than purchasing full coverage which could cost as much as $300 per month!

In conclusion, whether you choose to add motorcycles onto existing car policies or buy separate plans altogether both options are great ones. We recommend researching several policy combinations to pick the right amount of coverage to fit your needs! Let our team of friendly agents help you choose the right plan that fits your needs. 

Disclaimer: This blog post is meant for general informational purposes only and may not reflect your specific policy.

About the Author: Alekha is an expert in the insurance space and has been with the Malhotra & Assoc. Insurance team since its inception. Alekha works to provide expertly written and researched content for the Maholtra & Assoc. Insurance agency.

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