Best Insurance for a Trike

[mgwtrike]

I'm shopping for insurance for my 2012 Goldwing trike, what Company offers the
best coverage for the money?

Cheers!

 

[Keystone]

I've been very happy with American Family. I've looked at switching companies but no one ever beats them price wise in our case. They also insure conversions so my sister went with them for her GW trike.

 

[kwputt]

Insurance

Can't say whether it's the best or not, but we have had Rider Insurance for several years. 2012 GL1800 with a CSC conversion. The trike and trailer full coverage for under $300 per year. The premium has gone down a bit every year because we have not had any claims. 1(800)595-6393

 

[1dn5up]

Scroll down to Similar Threads on the bottom. Lots of answers.

 

[FRR]

Totally depends on the state you live in. Lots of previous threads on this

 

[rhino 2]

Asking whats the best insurance is like walking in to a butcher shop and asking ;How much is a pound of meat... What cut. What style, Do you want a stake or chopped meat etc.etc... Some people will tell you they pay 250 a year... But they might not have the coverage that you want or need..... The only advice i can give is what ever you get make sure you have Un-insured and Under-insured coverage... There are a lot of Yahoos out there driving around without insurance,,,

 

[paid4c4]

Liberty Mutual just gave us good rates for our GW and our Ultra.
Bill

- - - Updated - - -

Liberty Mutual just gave us good rates for our GW and our Ultra.Bill

 

[mgwtrike]

I've been very happy with American Family.

I just had my sump pump back up in my basement with $12,000 in damage, new furnace new carpet paneling etc.
I have my home owners, cars, boat, trike, umbrella insurance all with American Family.

Called my AF agent, he said I can't help you because you don't
have a rider on your insurance for your sump pump...............:AGGHH:...........WTF

Also if I wanted to put a rider for my sump pump now, I need a battery back up for them to add it.

I all done with American Family, so people, Check your policy's close.

 

[scribe5]

I use Foremost....never had to use them, thankfully, but others have had good experiences with them.

 

[Ozarkryder]

Asking what insurance is best to a forum with members across the country and world is akin to asking what oil is best. Check around in your area, do your research and make the decision. There is one tip that seems to be applicable to nearly everyone. I have found for most there are generally 3 kinds of coverage over the basic liability for trikes, but each insurance company does things differently, and depending on local laws.

-Agreed value - you and the insurance company come to an agreement on the full value of the trike. In an accident that is less than totaled, they pro-rate depending on their assessment of damage.

-Total vehicle coverage - works just like a car or non-converted bike with comprehensive coverage.

-Comprehensive on the bike as it came from the factory. - Everything not stock is under a rider for accessories or customization. Most of the insurance companies I talked with have some form of this kind of coverage on trikes converted from motorcycles. Our coverage is for the motorcycle portion, and everything else that wasn't on it from the factory is classified as "customization". We added the cost of the trike kit including installation & paint, the driving lights, pin striping, chrome bits, diamond seat, etc.

- all extras not on the original 'Wing. Some, like ours, will include helmets, riding gear, a trailer and contents when it is attached to the trike - it all depends on the company. Bear in mind the original bike is only worth a fraction of the worth of the same model as a 2 wheeler. In the case of our Goldwing it no longer has the rear wheel, suspension, saddlebags, brakes and such. On some kits the frame, trunk support or seat support has been changed. All this lessens the value of the original bike. Find out what they will give for the motorcycle portion, then add accessory coverage to make up the difference. Our coverage is 4/5 accessory based on the companies assessment of the value of the original motorcycle as it sits after conversion.

I didn't add our company or what they charge, as our coverage and what we pay here in SW Missouri is different that the same company's coverage and charges for the same rig in the same type of area when we were in Minnesota. Insurance is very much a case of YMMV depending on where you live.

 

[Trail Blazer]

I use Foremost....never had to use them, thankfully, but others have had good experiences with them.

+1 on Foremost

 

[txlander]

I also had Foremost here in Texas. It was the best deal at the time. But after checking around, I found out that I could get a better deal by going through an organization that I belong to. I have Progressive now through USAA. It was a better deal than going straight to Progressive. So it might be to your advantage to also check into your various veterans organizations or places like AARP (which I don't subscribe to). But like someone said, each state is different. Some companies are not in every state. There are different types of coverage. Some combo policies have discounted rates. Age and driving records affect rates. The key is to do your research. You may not find the best deal until after you have signed up for something else. Who is to say that you can't change when you find something better.

 

[Bohica66]

Asking what insurance is best to a forum with members across the country and world is akin to asking what oil is best. Check around in your area, do your research and make the decision. There is one tip that seems to be applicable to nearly everyone. I have found for most there are generally 3 kinds of coverage over the basic liability for trikes, but each insurance company does things differently, and depending on local laws.

-Agreed value - you and the insurance company come to an agreement on the full value of the trike. In an accident that is less than totaled, they pro-rate depending on their assessment of damage.

-Total vehicle coverage - works just like a car or non-converted bike with comprehensive coverage.

-Comprehensive on the bike as it came from the factory. - Everything not stock is under a rider for accessories or customization. Most of the insurance companies I talked with have some form of this kind of coverage on trikes converted from motorcycles. Our coverage is for the motorcycle portion, and everything else that wasn't on it from the factory is classified as "customization". We added the cost of the trike kit including installation & paint, the driving lights, pin striping, chrome bits, diamond seat, etc. - all extras not on the original 'Wing. Some, like ours, will include helmets, riding gear, a trailer and contents when it is attached to the trike - it all depends on the company. Bear in mind the original bike is only worth a fraction of the worth of the same model as a 2 wheeler. In the case of our Goldwing it no longer has the rear wheel, suspension, saddlebags, brakes and such. On some kits the frame, trunk support or seat support has been changed. All this lessens the value of the original bike. Find out what they will give for the motorcycle portion, then add accessory coverage to make up the difference. Our coverage is 4/5 accessory based on the companies assessment of the value of the original motorcycle as it sits after conversion.

I didn't add our company or what they charge, as our coverage and what we pay here in SW Missouri is different that the same company's coverage and charges for the same rig in the same type of area when we were in Minnesota. Insurance is very much a case of YMMV depending on where you live.

When we triked a '98 Valkyrie our insurance company used the bill of sale for the bike and the total costs involved to trike it. My luck with insurance companies on vehicles has not been too good, so the question is, how much would they pay if the trike gets damaged or totaled?

 

[mgwtrike]

My luck with insurance companies on vehicles has not been too good, so the question is, how much would they pay if the trike gets damaged or totaled?

And then they'll guess.........:qpnmt:

 

[Baldy_54]

Make Sure your Passenger is Covered

Be sure your passenger is covered while riding your motorcycle. Medical

 

[mgwtrike]

Be sure your passenger is covered while riding your motorcycle. Medical

There's a good question to ask your insurance co..