Managing insurance for multiple motorcycles can become complex and expensive without proper planning and organization. At Wilcoxon Insurance, Inc., serving Sioux Falls, SD, we help motorcycle enthusiasts optimize their coverage strategies to protect their entire fleet while maximizing cost savings and simplifying policy management.
Multi-Bike Policy Benefits
Most insurance companies offer significant discounts when you insure multiple motorcycles on a single policy. These multi-bike discounts typically range from 10% to 25% off your total premium, with savings increasing as you add more bikes. Beyond cost savings, consolidating coverage simplifies your insurance management by providing one renewal date, one payment, and one point of contact for all your motorcycles. You can also share coverage features like roadside assistance and accessory coverage across all vehicles on the policy.
Tailoring Coverage for Different Bike Types
Your touring bike, sport bike, and vintage cruiser likely have different insurance needs and risk profiles. Comprehensive coverage might be essential for your expensive touring bike but optional for an older project bike you rarely ride. Consider usage-based or seasonal coverage options for bikes you only ride occasionally. Some insurers offer lay-up coverage that reduces premiums during months when certain motorcycles remain in storage.
Organizing Documentation and Claims
Maintain detailed records for each motorcycle, including VIN numbers, modifications, and current values. Take photos of each bike and keep maintenance records organized. This documentation streamlines the claims process and helps ensure accurate coverage limits for each vehicle.
Proper organization of your multi-bike coverage protects your investment while maximizing savings opportunities. Contact Wilcoxon Insurance, Inc., serving Sioux Falls, SD, to review your current setup and explore options for optimizing your motorcycle insurance portfolio.
