Trikes have quickly become a favorite on the road due to their increased safety, stability compared to bikes, and unique look. Unfortunately, however, due to their additional weight and power they can also be more costly to insure than standard bikes.
No matter if it is factory-built or converted from two wheels, when getting insurance quotes it is important to inform them about any modifications to your trike.
Cost
No matter if it’s from a major manufacturer or is custom built, trike insurance tends to be much more costly than two-wheeled motorcycle policies due to being more unstable and likely causing injuries while also incurring damage on its own vehicle.
Your tricycle insurance should cover at least the basics, but for maximum protection you will likely require add-on coverages such as comprehensive and uninsured motorist policies – both of which provide essential protection should someone hit your trike without sufficient coverage to pay your damages.
Keep in mind that trikes tend to be heavier than motorcycles, which may increase insurance costs. There are ways you can lower these premiums however; such as paying annually instead of monthly and taking an approved safety course.
As trikes aren’t as widely-sold on the road as motorbikes, you might have difficulty securing fair pricing on insurance for them. To ensure you find an appropriate policy that offers reasonable terms and reasonable rates, be sure to compare policies before making your choice. Shop around, look for deals and make an effortful search of available policies before signing any contract or making payments.
Trike insurance policies must cover them as motorcycles. You have two options when shopping for trike coverage: either obtain a standalone policy that levels the playing field with car rates and doesn’t piggyback onto existing policies, like Velosurance offers; or opt for one of several providers who combine motorcycle and auto policies into one policy that ensures you always receive an affordable rate – or add riders or reduce miles driven as additional ways of cutting costs.
Coverage
Trikes offer riders an easier and safer alternative to motorcycles when navigating rough road surfaces or bad weather conditions. While trikes may be less likely to roll over or become unstable than motorcycles, it is still wise to have full coverage trike insurance in case an accident or theft should arise – this coverage also extends to cover accessories or custom parts on your trike.
Trike insurance comes in three main varieties, third-party only, third-party fire and theft and fully comprehensive. Third-party only coverage provides injury or property damages compensation should you cause to other people while riding; while fire and theft provides similar coverage but additionally protects if your trike is stolen; while comprehensive provides maximum coverage by offering both accident/theft/weather events protection.
Your specific type of coverage for a trike depends on its construction: whether custom, factory-built or modified – and may depend on any modifications it might feature. For instance, if it’s a kit-built conversion made using OEM parts from a motorcycle manufacturer’s kit, coverage such as original equipment manufacturer (OEM) parts is crucial to ensure all necessary parts are available should repairs need to be made on it.
Value of Trike as Determinant of Coverage
Take steps to lower the cost of trike insurance by enrolling in a motorcycle safety course or joining a motorcycle organization and qualifying for discounts that could lower premiums. In addition, purchase anti-theft devices to provide further protection for your trike. For the best deal possible on trike coverage, shop around and compare quotes from multiple providers before making your decision.
Modifications
Trikes may not be common on UK roads, but they have an enthusiastic following and offer greater stability and comfort than two-wheeled bikes. Unfortunately, they can be harder to insure due to being unique; more expensive than standard motorbikes, more vulnerable to damage, requiring specialist insurance cover; plus insurers may have different policies which don’t cover trikes so it is wise to read all details thoroughly prior to purchasing cover for one.
Many insurers may accept modifications, while other may disapprove. It’s essential that any modifications you make be disclosed to your provider as these could change your premium or invalidate the policy entirely. Keep an eye out for restrictions limiting how often modifications can be accepted as this could potentially invalidate or reduce coverage altogether.
Modifications that increase performance have an obvious bearing on premiums; while safety modifications, such as installing advanced safety features, can have a lesser effect. Enhancements show your commitment to safety which insurers appreciate as it shows they’re willing to help protect you.
If you own or modify a trike that was custom built or modified specifically for you, it is wise to invest in an insurance policy offering salvage retention rights. This will enable you to retrieve it if it is written off and ensure any custom parts do not become irrecoverable. In addition, look for coverage of non-factory equipment repairs as this can become quite costly without adequate protection.
Other add-ons you should consider are breakdown cover, which helps cover the expenses involved with getting your trike back onto the road after an accident, uninsured motorist coverage (to cover repairs if an uninsured driver causes an accident with you), legal protection (to pay legal fees incurred as well as compensation should another driver cause you harm) and uninsured motorist coverage (which will cover repairs cost if hit by someone with no coverage) and uninsured motorist coverage.
Legality
Trikes are an amazing addition to the bike world, providing comfort and stability that regular bikes cannot match. Additionally, trikes can serve as a novel means of transportation that assists those with mobility issues. But finding suitable insurance coverage can be challenging: some policies consider trikes cars or motorcycles which can lead to confusion regarding pricing and coverage options. Here are a few key points when shopping for your policy:
Step one in finding the best possible trike insurance deal is comparing quotes from various providers and gathering as much information online as possible to help make an informed decision. A number of factors could impact your quote, including age of trike, type of coverage chosen, modifications made and any age related discounts available.
Consider these additional coverages when purchasing your policy: Breakdown assistance covers you and your trike in case it breaks down on the road in either the UK or abroad; personal accident cover provides an agreed sum if any injuries or earnings losses arise while riding; regardless of who was at fault.
If you’ve converted your motorbike to a trike, adding accessory and custom parts coverage may be worth your while. This will protect your investment and allow you to replace non-factory standard equipment if stolen or damaged; additionally pillion cover can provide payments if an accident caused by someone other than yourself results in injuries for both parties involved.
Make payments yearly instead of monthly to save money; many insurers will give a discount. Take an approved safety course or install security devices on your trike as these could also lower premiums; membership in any rider associations can earn additional discounts; additionally if your driving record is stellar you could try getting an endorsement to further decrease premiums.