The Ultimate Guide to Motorcycle Dealer Insurance

As a motorcycle dealer, you're likely aware of the risks involved in selling and storing bikes. A single accident or theft can wipe out your inventory and put your business in jeopardy.

Motorcycle dealer insurance is a must-have to protect your investment and ensure you can continue to operate smoothly.

This type of insurance covers a wide range of risks, including damage to your inventory, theft, and liability for accidents that occur on your premises.

As a motorcycle owner, you want to ensure your bike is protected, whether you're on the road or in storage. You can get customized insurance coverages that fit your needs.

Motorcycle insurance can provide the best protection for your ride. This means you'll have peace of mind, knowing you're covered in case of an accident or damage.

Get the right protection for your motorcycle by considering the various insurance options available.

You can get motorcycle insurance coverages tailored to your specific needs and bike.

Comprehensive coverage protects your bike against incidents out of your control, like theft, vandalism, fire, or weather-related issues.

Having comprehensive coverage can pay to replace your bike if it's stolen, minus your deductible.

Collision coverage can cover the repair cost of your bike if it's damaged in a collision with an object or vehicle, minus your deductible.

For example, if your bike is stolen from storage, comprehensive coverage may pay to replace it.

If your new motorcycle is totaled in a covered loss, Progressive can pay the full manufacturer's suggested retail price for a brand-new bike, minus the deductible on your policy.

Your motorcycle must be no more than one model year old on a new policy to be eligible for total loss coverage.

If your bike is worth less than the full retail price, your policy will cover the actual cash value of your bike if your motorcycle isn't eligible for total loss coverage at renewal.

You recently paid $25,000 for a new bike, but now it's worth $18,000. If it's totaled in a covered loss, and the latest model costs over $25,000, Progressive will give you that amount.

If you're in the business of selling ATVs, you need to consider the costs of insurance to protect your dealership. The cost to cover your ATV dealership with a comprehensive business insurance program will vary depending on several factors.

The size of your business is a key factor in determining insurance costs. A larger dealership with more employees and inventory will typically require more extensive coverage and pay higher premiums.

Your location also plays a significant role in determining insurance costs. Different cities have varying levels of crime and weather risks, which can impact your premiums.

The number of employees you have is another important consideration. More employees mean more liability and potential risks, which can increase your insurance costs.

The types of coverage and coverage limits you require will also impact your premiums. A comprehensive business insurance program may include property, liability, and workers' compensation insurance, among other types of coverage.

Here are some of the key factors that can impact ATV insurance costs:

ATV insurance coverage is a must-have for any off-road enthusiast. You can get customized protection for your ride, whether you're on the trail or in storage.

Required coverages are the foundation of any insurance policy, and ATV insurance is no exception.

You can get the best protection for your ATV, just like you can with motorcycle insurance.

As a motorcycle owner, you want to ensure you're protected on the road and when your bike is in storage. Get the best protection whether you're on the road or your bike is in storage.

Motorcycle insurance coverages are customized to you and your ride, so you can have peace of mind knowing you're covered in case of an accident or theft.

Roadside Assistance is a crucial part of Rider Support, as it can get you back on the road quickly and safely.

If your motorcycle breaks down while riding in the U.S. or Canada, roadside coverage can pay for a tow to the nearest repair shop. This means you won't have to worry about finding a way to get your bike to a mechanic.

You can be more than 100 miles away from home and still get help with trip interruption coverage, which can pay for food, lodging, or transportation up to $500.

For example, if you're on a ride out of state and your motorcycle breaks down, roadside coverage can tow you to a nearby repair shop, and trip interruption coverage can pay for a hotel stay while you wait for your bike to be repaired.

Taking a safety course is a smart move for any rider. Completing an approved motorcycle safety course can lower your policy's rate.

By investing a few hours in a safety course, you can gain valuable knowledge and skills to stay safe on the road. The specific details of the course and the rate reduction will depend on your insurance provider.

Taking a safety course can also help you develop good habits and a more defensive mindset while riding. This can lead to a reduction in your insurance premium over time.

If you have a motorcycle license or a motorcycle endorsement on your driver's license, you'll be eligible for a discount on your motorcycle insurance. This is a great opportunity to save some money on your coverage.

Progressive offers customized coverage without breaking the bank, making it a popular choice among motorcycle riders. In fact, 1 out of 3 motorcycle riders choose Progressive for their insurance needs.

If you're looking for a more affordable option, consider the following types of motorcycle insurance endorsements:

Having a motorcycle endorsement on your driver's license can lead to a discount on insurance premiums.

If you already have a motorcycle license or a motorcycle endorsement, Progressive offers customized coverage without breaking the bank.

One out of three motorcycle riders chooses Progressive, which speaks to the company's reputation for superior service.

If you're one of them, you can learn more about the claims process on the Progressive website.

Progressive also hosts the world's largest consumer motorcycle show tour, giving you the chance to connect with fellow bike enthusiasts and attend exclusive events.

We cover a wide range of motorcycles, from off-roading vehicles to classic collectibles. Our insurance options are designed to meet the unique needs of each type.

Off-roading vehicles, also known as e-bikes, have battery powered motors to help with pedaling. They're perfect for navigating tough terrain.

Small, lightweight vehicles powered by a small engine are a great option for city riding. They're easy to handle and fuel-efficient.

Lightweight motorcycles with rugged tires and enhanced suspension are ideal for off-road adventures. They provide a smooth ride and excellent control.

Classic or collectible motorcycles that are 25 years or older are a unique and valuable investment. They require specialized care and insurance.

High-performance motorcycles built for speed, also known as street bikes, are designed for thrill-seekers. They're fast, agile, and a joy to ride.

Motorcycles custom-built by a manufacturer, shop, or yourself are one-of-a-kind machines. They require specialized insurance coverage to protect your investment.

Motorcycles built for comfort and long-distance riding are perfect for road trips. They're equipped with features like cruise control and comfortable seating.

Here are some of the most common types of motorcycles we insure: