Affordable coverage for your vintage ride
If you’re a collector and lover of classic motorcycles, you know that your vintage ride is worth more than the sum of its parts. Protect that value with classic bike insurance from Mitch. Whatever your classic motorcycle of choice, whether it’s a Triumph Thruxton, Harley-Davidson Sportster, Honda Gold Wing or Ducati Scrambler, we make classic motorcycle insurance simple and affordable, so you can focus on your passion.
How much is classic motorcycle insurance in Ontario?
Some insurance companies offer up to a 40% discount to insure your motorcycle as a classic or collector bike. For an experienced rider with over six years’ experience and a clean record , classic motorcycle insurance rates start at $500 a year in Ontario. Classic motorcycle insurance typically only covers you for parades and other special events. If you ride your vintage bike on the road on a regular basis, you’ll need regular motorcycle coverage. Your age, experience, postal code, tickets, accidents, type of bike and other factors will affect your premium.
What is classic motorcycle insurance?
Vintage or classic motorcycle coverage is meant for special events, not regular riding. It also insures your bike for the appraised value, with no depreciation.
How do I qualify for classic motorcycle insurance?
There are a few simple requirements for classic motorcycle insurance coverage:
Certified appraisal
You need an appraisal by a licensed and certified professional to get the discount, and to get coverage for the full value of the bike.
Motorcycle age
Classic motorcycle insurance is for older bikes that are at least 25 years old, with no modifications.
Rider age
You have to be at least 30 years old, and have had your motorcycle licence for 6 years or more.
Bike use
It can only be used for sanctioned events like rallies and parades and is ridden a maximum of 2,000 km a year.
Benefits of Mitch classic bike insurance
Save up to 40%
Your classic ride can save you up to 40% compared to regular motorcycle insurance rates.
Full coverage
Coverage for the full appraised value of your classic motorcycle, no depreciation.
Standalone coverage
You don’t need to add another bike or car, although you could save more by bundling.
Coverage on both sides of the border
Classic motorcycle insurance covers you for certain special events in Canada and the U.S.
Good to know: common questions about classic motorcycle insurance
How much can I save by insuring my bike as a classic?
Classic motorcycle insurance gives you a discount of up to 40% compared to what you would pay to insure a regular motorcycle.
Can I take my classic out for a spin on the weekends?
No. The reason that classic motorcycle insurance is more affordable than regular bike insurance is that it’s only for special events that are sanctioned by the Canadian Vintage Motorcycle Group (CVMG). Your policy covers you for riding to and from CVMG events. It also covers the bike from theft or damage year round while parked.
If you do ride your classic motorcycle on the weekends, you can insure it as a regular motorcycle.
If I have more than one classic bike, can I save more?
Yes. Most insurers offer a discount – typically 10% – for having more than one bike insured with them. The other motorcycle has to be owned by you or someone else in your household. It doesn’t matter if the other bike is a classic.
How often do I need to get my classic bike appraised?
Every insurance company is a little different. When you first get classic motorcycle insurance, most insurers will want to see an appraisal that’s no older than 12 months. After that, if you stay with the same insurer, they may ask for a new appraisal every three to five years.
If you do work on the bike and believe the value has increased, you can submit a new appraisal and increase your coverage at any time, even mid-policy.
Can I get classic motorcycle insurance as a 25-year-old?
Insurers that offer classic motorcycle policies have quite strict rules. The bike has to be at least 25 years old, and the rider has to be at least 30, with a minimum of six years’ riding experience. As a 25-year-old, you can certainly get insurance for the appraised value of your motorcycle through a high-risk insurer like Facility Association, but it will be considerably more expensive.
Can I get classic bike insurance with at-fault accidents on my record?
If you have one or more at-fault accidents, you are unlikely to qualify for a classic bike discount. One minor ticket is OK, but no more than that. You can get regular motorcycle insurance for the appraised value of the bike, likely from a high-risk insurer.
