How Motorcycle Insurance Protects Against Theft
Lauren Lewthwaite Last Updated On: October 28, 2022

Will Motorcycle Insurance Cover Theft?

Does Motorcycle Insurance Cover Theft

Your bike is valuable to you. Unfortunately, your bike is valuable to other people too. 

Motorcycle theft is very common and the last thing that should be on your mind after your bike is stolen is how you’ll pay for a replacement. 

That’s where comprehensive motorcycle insurance comes into play. Having an extensive insurance policy can protect your savings account in the unfortunate event of motorcycle theft. 

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Comprehensive Motorcycle Insurance Plans

No two insurance policies are alike, and it’s important to note that not all plans will cover theft. 

There are two types insurance coverage available for motorcyclists: 

  1. Liability Coverage: This tends to be the government-mandated minimum coverage. It takes care of any damages that you may cause to other people’s body or property in the event of an accident. But this bare bones policy will not cover theft.
  2. Comprehensive Coverage: These policies offer more extensive coverage. The amount of coverage varies depending on your policy, but they do often cover theft. They also can include coverage for your riding gear or vandalism.

In most states, comprehensive coverage is not required in order to ride a motorcycle. However, it may be required if the vehicle is leased or financed. If you can afford a comprehensive policy, it’s a good idea to have it in place before you need it. The more coverage that you have, the more that your insurance company can have your back in situations such as motorcycle theft. 

And getting the best coverage is easier than you’d think. ConsumerCoverage does the legwork for you, so you can simply choose the best policy for your needs.

How Motorcycle Insurance Protects Against Theft

So when will motorcycle insurance cover theft? Well, it’s as simple as your insurer paying you, if you have comprehensive insurance in place. The amount will vary depending on your plan, but your provider will issue you a payout. This payout will consist of the amount of coverage you have, minus your deductible. 

You can use this money to either:

  • Purchase a new bike
  • Repair a recovered—but damaged—bike

While it can be tough to truly replace your beloved bike, having the funds to repair or purchase a new one can help. Increasing your coverage to see how motorcycle insurance protects against theft doesn’t have to break the bank: you can get the coverage you need while saving money, thanks to these tips. 

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Does Homeowner’s or Renter’s Insurance Cover Motorcycle Theft?

It can. There is variation depending on the specific policy you have. That said, in most standard home and renter insurance policies, theft of motor vehicles is not covered. 

While the motorcycle itself is likely not covered, standard home and rental policies do have personal property insurance, which extends to items outside your home. 

This can include related items such as: 

  • Helmet
  • Jacket 
  • Vest
  • Gloves 
  • Boots

If these are stolen, you could be compensated, even if your motorcycle isn’t covered. 

What to Do If Your Motorcycle Is Stolen

Though we’d all really like to think that having your bike stolen would never actually happen, that’s unfortunately not very realistic. Theft does happen and you should be prepared. 

Here’s what to do in the event of a motorcycle theft:

  • Call the Police: As with all types of crime, the first step is to notify the authorities that a theft has occurred.
  • Provide All Relevant Information to Police: Relevant information includes the make and model of your bike, mileage, location of the theft, approximate time of the theft, etc. All these details can help the police potentially recover your stolen bike.
  • File a Police Report: A report documents the crime. Be sure to obtain the police report number.
  • File a Theft Claim: Contact your insurance provider and provide them with details about the theft, including the police report number. They will instruct you on the next steps.

If you have comprehensive coverage in place, your insurance provider will let you know how to receive compensation. 

Key Takeaways: How Motorcycle Insurance Protects Against Theft

So, will motorcycle insurance cover theft? The answer is yes, depending on your policy, but at the end of the day, prevention is also a solid course of action for everyone. To reduce your risk of motorcycle theft, ensure that whenever you park it, your bike is secured and in a highly visible area. 

Theft prevention will help, but it can’t always protect your bike. If it does get stolen, having coverage in place to help mitigate your loss can ensure you can get back on the road as soon as possible. 

Ready to explore coverage? Get access to the best rates at ConsumerCoverage

Lauren LewthwaiteLauren Lewthwaite has been freelance writing for almost five years writing content that ranges from health to insurance and everything in between. Lauren is also a trained translator in French and English and is a dog-mom to an adorable Australian Shepherd.