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Hagerty motorcycle insurance review Sep 2020

Last updated:  

Get guaranteed value coverage for your classic or racing bike

finder.com’s rating: 4.5 / 5.0

★★★★★

  • Get a quote if you have a classic or collector’s racing bike.
  • Pick something else if you prefer more discount or coverage options.
  • Safe drivers welcome.

optional

Roadside assistance

Accident forgiveness

Details

States served All 50 states
Roadside assistance Optional
Pay schedule monthly
Claims methods online, email, phone
Accident forgiveness No

Pros

  • Specializes in classic and racing bikes
  • Guaranteed value coverage
  • Speedy claims process
  • High customer ratings

Cons

  • Safe drivers only
  • Few discounts
  • Not all coverage available in every state
  • No coverage for standard motorcycles

Expert review

Sarah George

Review by


Sarah George is a writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on CarInsurance.com. You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.

Expert review

If you have a classic bike or a pricey ride, start by getting a quote from Hagerty. Hagerty specializes in motorcycle insurance for classic and collector racing bikes. That means you can insure your bike for its full agreed value and get repaid its full replacement cost during an accident.

However, not all coverage options may be available in your area, and you’ll need separate coverage for on-the-track motorcycle racing. And higher limits won’t come cheap, especially for a collector’s edition. But you might pay more by underinsuring your precious ride with a standard policy.

What motorcycle insurance coverage does Hagerty offer?

Hagerty offers standard coverage to protect your valuable bike on the road:

  • Bodily injury liability. Pays for medical bills when other drivers or passengers are injured in an accident where you’re at fault.
  • Property damage liability. Covers vehicle and other property damage during at-fault accidents.
  • Collision. Provides protection for your own motorcycle so you don’t pay damages out of pocket.
  • Comprehensive. Protects your bike against non-collision situations like theft, weather damage or falling tree branches.

What extra benefits and add-ons does Hagerty offer?

The company provides a suite of specialty coverage for your specialty motorcycle:

  • Guaranteed value. Work with a Hagerty expert to set an agreed value for your motorcycle. If a total loss accident occurs, you’ll get the full value of your bike.
  • Do-it-yourself repairs. Hagerty lets you pick the best repair shop for your bike and even covers you for DIY repairs after an accident.
  • Spare parts and tools. Cover expensive specialty tools and parts.
  • Motorcycle apparel. Get your safety apparel covered if it’s damaged in an accident, including your helmet, boots, eyewear and protective clothing.
  • Specialty roadside service. Hagerty Drivers Club members get this coverage included in their membership. It covers battery service, fluid delivery and guaranteed flatbed towing.
  • Limited trailer and paddock coverage. Cover your racing bike when it’s in the transport trailer, during loading and unloading, in storage or at the shop. Also includes comprehensive coverage.
  • Hagerty Drivers Club. Enjoy members-only events, magazines and discounts on motorcycle services and vehicle rentals for $45 per year.

What types of motorcycles does Hagerty cover?

Hagerty specializes in classic or racing bikes, including:

  • Classic bikes. Built in 1996 or older
  • Collector racing bikes. Made in 1996 or older
  • Custom motorcycles. From 1975 or older
  • Some replica motorcycles. For example, a 1951 Harley rebuilt on a 1973 frame

What motorcycle insurance discounts can I get with Hagerty?

The company doesn’t list many discounts for its bikes. This could mean that Hagerty either doesn’t provide the same benefits as its competitors or that it lacks transparency. The only discount listed is:

  • Multivehicle discount. The more bikes you insure with Hagerty, the more you save on your premium.

Pros and cons of Hagerty motorcycle insurance

Pros

  • Specializes in classic and racing bikes. Because Hagerty is a specialty company, you get expert customer service and coverage customized to classic bikes.
  • Guaranteed value coverage. Recover the agreed value of your bike if your bike is totaled.
  • Quick claims process. Hagerty boasts that most claims are paid within 15 days.
  • High customer ratings. The company holds a 5-star rating on Trustpilot despite over 3,000 reviews on the site. It also keeps an A+ score with the Better Business Bureau.

Cons

  • Limited motorcycle types. Of course, specialty coverage means standard motorcycles can’t get insurance here.
  • Few discounts. Hagerty doesn’t offer many discounts on your motorcycle premium.
  • Coverage availability. Not all coverage is available in every state.
  • Safe drivers only. The company doesn’t provide coverage for drivers with spotty records.

Alternatives to Hagerty

Name Product Roadside assistance Accident forgiveness Available states
Progressive motorcycle insurance
Optional
Yes (earned after 3 years with no accidents and 4 years of loyalty)
All 50 states
Enjoy some of the widest coverage with the lowest price thanks to add-ons and freebies like replacement cost coverage.
Esurance motorcycle insurance
Included free
No
43 states
Cover pricey riding gear while snagging bike-specific discounts for motorcycle licensing or safety courses.
Allstate motorcycle insurance
Included free
Yes
All 50 states
One of the longest lists of coverage options for bikes, plus free perks like equipment coverage for your high-end riding gear.
Liberty Mutual motorcycle insurance
Optional
No
All 50 states
Enjoy unique perks along with your wide bike coverage, like free accident forgiveness after going claims-free with any insurer.
The General motorcycle insurance
Optional
No
43 states
Avoid riding interruptions with acceptance as a high-risk driver, help with filing an SR-22 and instant access to proof of insurance.
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How to apply for Hagerty motorcycle insurance

The main way to apply for Hagerty motorcycle insurance is through its online quoting process:

Online. Follow these steps to apply online:

  1. Go to the company’s motorcycle homepage, then enter your ZIP code and click Quote now.
  2. Enter details about your motorcycle and its use, then provide personal information.
  3. Confirm your information and submit to get your quote.
  4. Choose to proceed with coverage.

Phone. If you have policy questions, feel free to call 877-922-4951.

What info do I need to apply?

Have these key pieces of information on-hand to move quicker through the application process:

  • Motorcycle details: make, model, year and value
  • Home address and phone number
  • Driver’s or motorcycle license number
  • Coverage needs
  • Payment information

How to make a claim with Hagerty

File an accident claim with Hagerty online, by phone or via email:

  • Online. Enter accident details directly from your online customer account.
  • Phone. Need to speak to a representative? Call 800-385-0274.
  • Email. Send over claims documents or ask questions by emailing claims@hagerty.com.

Frequently asked questions about Hagerty motorcycle insurance

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