While trikes and 3-wheelers are treated just like motorcycles for registration and insurance purposes, getting the right insurance rates can be a little tricky.
We’ll go over your requirements for insuring your 3-wheel motorcycle, what you can expect to spend, and how to save money by comparing rates from different providers.
You can find more information about 3-wheel motorcycle license and registration requirements for each state here.
Trike Insurance Requirements
Just like 2-wheel motorcycles, you’re going to need to have a valid insurance policy if you want to ride and register your trike in most states.
For insurance purposes, your trike will be treated just like a motorcycle, which means you’ll need to get a motorcycle insurance policy.
However, in some cases, depending on the type of trike you ride, getting a decent quote might be a little tricker.
At a minimum, your trike insurance policy will need to meet your state’s minimum liability coverage requirements.
Liability coverage includes Bodily Injury and Property Damage coverage that will pay for expenses resulting from injuries and damages if you are at-fault for an accident.
Then, depending on the value of your trike, your needs, and your budget, you can add additional types of motorcycle insurance coverage to create your full policy.
Since factory-made trikes and custom-built trikes can be more expensive than a 2-wheel motorcycle, most riders often opt for a full coverage motorcycle insurance policy.
Full coverage would include liability coverage plus comprehensive and collision.
On top of that, other coverages you may be required to get or have the option of getting include:
- Uninsured/underinsured motorist coverage.
- Medical payments or PIP coverage.
- Accessory and equipment coverage.
- Roadside assistance and towing.
- GAP or Total Loss coverage.
Keep reading to learn how much you can expect to pay for trike coverage and how to start comparing quotes.
Trike Insurance Comparisons
Some insurance providers make it easier to compare 3-wheel motorcycle policies than others.
If you have a factory-built trike, like a Harley-Davidson Tri Glide, getting a quote online may be a little easier.
However, if you have a custom trike conversion on something like a Honda Goldwing, you may have a few extra steps to take.
Converted trike will often be treated like custom motorcycles for insurance purposes. Depending on the company, you may have to submit some additional forms and information to get an accurate quote.
In some cases, you’ll be able to cover the value of the trike conversion kit with Accessory and Equipment coverage set to the appropriate limits.
When you’re ready, you can start comparing trike insurance quotes with the following information:
- Your full name and driver’s license number.
- Your address and ZIP code.
- Your years of riding experience.
- Your trike’s VIN, year, make, and model.
- Cost and details of the trike conversion kit, if applicable.
Is Trike Insurance Cheaper than Motorcycle Insurance?
On average, trike insurance premiums are comparable to the cost of a 2-wheel motorcycle policy.
The main factor that will increase your cost is the value of your trike or the value of your conversion kit, and whether or not your plan to get it fully covered.
Even though some people consider 3-wheel motorcycles to be safer than 2-wheel motorcycles, a trike insurance policy is not going to be cheaper.
Minimum coverage will typically range from about $35 to $50 per month, while full coverage may range from $75 to $100 per month.
The total cost of your premiums will depend on a number of factors, including:
- Your age and driving history.
- Where you live and keep the trike.
- How often you ride.
- The type of trike you have/the value of the conversion kit.
Save Money and Compare Trike Insurance
The best way to save money on your 3-wheel motorcycle insurance is by comparing quotes from a few different providers.
On top of that, you can see if you qualify for some of the common motorcycle insurance discounts that can lower the costs of your annual premiums. Some popular discounts for trike riders include:
- Motorcycle safety course discount.
- Motorcycle endorsement discount, if your state doesn’t require one to ride a 3-wheel motorcycle.
- Rider Club Member discounts.
- Theft-recovery device.
- Multi-policy and bundling discounts.