As we age, our love for the open road doesn't fade away. However, finding affordable insurance for a three-wheel motorcycle can be difficult, especially for seniors. Three-wheel motorcycles are becoming increasingly popular for riders who want the thrill of a motorcycle, but with the added stability of an extra wheel. Insurance companies recognize the unique risks associated with these vehicles and charge accordingly. In this article, we will discuss the best options for seniors looking for affordable three-wheel motorcycle insurance.
Understanding Three Wheel Motorcycle Insurance
Before we dive into the best options for affordable insurance, let's first understand what three wheel motorcycle insurance entails. Insurance for three-wheel motorcycles, also known as trikes, is different from traditional motorcycle insurance. The added stability of the third wheel makes these vehicles less likely to be involved in accidents, but when they are, they can cause more damage. Insurance companies take this into consideration when determining rates.
Additionally, the type of three-wheel motorcycle you own can also affect insurance rates. Some trikes are considered conversion trikes, which means they were originally a two-wheel motorcycle that was converted into a three-wheel vehicle. These conversions can impact insurance rates because they may not be as stable as a factory-made trike.
Best Options for Affordable Three Wheel Motorcycle Insurance
AARP Motorcycle Insurance - AARP offers competitive rates for seniors, and their motorcycle insurance policies are no exception. They offer coverage for trikes and have discounts available for safe riders and multiple policies.
Geico Motorcycle Insurance - Geico is known for their affordable auto insurance, and they offer the same competitive rates for motorcycle insurance. They offer coverage for trikes and have discounts available for safe riders and multiple policies.
Progressive Motorcycle Insurance - Progressive is a popular choice for motorcycle insurance and offers coverage for trikes. They have discounts available for safe riders and multiple policies, and they offer a unique feature called "trip interruption coverage," which covers unexpected expenses if your trip is interrupted due to an accident.
Dairyland Motorcycle Insurance - Dairyland specializes in motorcycle insurance and offers coverage for trikes. They offer flexible payment options and discounts for safe riders and multiple policies.
Tips for Lowering Three Wheel Motorcycle Insurance Rates
While the above options are great for finding affordable insurance, there are also several things seniors can do to lower their rates:
- Take a safety course - Many insurance companies offer discounts for completing a safety course.
- Choose a lower coverage amount - If you don't need full coverage, consider choosing a lower coverage amount to lower your rates.
- Increase your deductible - Increasing your deductible can lower your monthly premiums.
- Ask about discounts - Don't be afraid to ask your insurance company about available discounts for seniors and safe riders.
Conclusion
Finding affordable three-wheel motorcycle insurance for seniors is possible with the right knowledge and research. By understanding what is included in motorcycle insurance, and by choosing the right insurance company and taking steps to lower your rates, seniors can continue to enjoy the open road on their three-wheel motorcycles.
