Motorcycles, like any other vehicle, are prone to mechanical issues as they age. To mitigate the costs of repairs, many motorcycle owners consider purchasing extended warranties, which provide financial protection against unexpected breakdowns. In this article, we’ll explore some of the top motorcycle extended warranty providers, highlight the benefits of owning such warranties, and break down the coverage options available to riders.
What is a Motorcycle Extended Warranty?
A motorcycle extended warranty, also known as a service contract, is a plan that helps cover the costs of repairs due to mechanical failures after the manufacturer’s warranty expires. As motorcycles age, they become more susceptible to breakdowns, especially in key components like the engine and transmission. These repairs can be costly, and having an extended warranty ensures that riders can avoid significant out-of-pocket expenses.
Whether you own a Harley-Davidson, Ducati, or another brand, extended warranties can provide peace of mind by covering the cost of repairs. They often include various levels of coverage, from protecting essential parts of the bike to nearly every component, depending on the plan.
Best Motorcycle Extended Warranty Providers
Let’s examine some of the leading extended warranty providers for motorcycles, their coverage options, and what makes them stand out.
1. Discount ESP
Discount ESP ranks as one of the top providers for motorcycle extended warranties due to its comprehensive coverage and flexibility. What sets Discount ESP apart from other providers is its inclusion of aftermarket upgrades in its protection plans. This means that custom modifications made to your motorcycle, often excluded by other warranties, are covered.
Discount ESP plans feature low deductibles, with options of either $50 or $100, making them customer-friendly. Additionally, these warranties are fully transferable. This means that if you decide to sell your motorcycle, the warranty can be transferred to the new owner, potentially increasing the resale value of your bike.
Another notable feature is the absence of mileage limits, ensuring that you can ride your motorcycle as much as you want without worrying about voiding the warranty. In case of breakdowns, Discount ESP also includes towing assistance and uses a wide network of authorized dealerships and repair facilities across the U.S. and Canada.
2. CarShield
CarShield, a well-known name in the vehicle warranty industry, offers coverage not only for cars but also for motorcycles and all-terrain vehicles (ATVs). Despite recent controversies, CarShield remains a popular choice for extended warranties due to its broad range of coverage options and additional perks.
In July 2024, the Federal Trade Commission (FTC) ordered CarShield to pay $10 million as part of a settlement related to deceptive advertising practices. In response, the company has revised its marketing to provide more transparency about what is covered under its service contracts. CarShield’s website now offers customers the ability to review full plans before making a purchase.
CarShield provides two main coverage options for motorcycles:
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Silver Plan: This plan covers essential powertrain components such as the engine, transmission, drive axle, and primary drive assembly. It’s ideal for riders looking for basic protection at an affordable cost.
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Platinum Plan: A more comprehensive option, the Platinum plan includes all the components covered under the Silver plan but also extends coverage to additional systems like the cooling system, steering, suspension, and brakes.
Both plans come with extra benefits, including roadside assistance, rental vehicle reimbursement, and trip interruption coverage. These perks can be especially helpful for riders who frequently travel long distances.
Why You Should Consider a Motorcycle Extended Warranty
Owning a motorcycle extended warranty comes with several advantages. Here are some of the key reasons why riders choose to invest in extended protection:
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Financial Protection Against Unexpected Repairs: Motorcycles, especially as they age, can experience mechanical failures that are costly to repair. An extended warranty covers these expenses, preventing unexpected financial burdens.
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Peace of Mind: Knowing that major repairs are covered can give riders peace of mind, allowing them to enjoy their motorcycles without constantly worrying about potential breakdowns.
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Added Resale Value: Many extended warranties are transferable, meaning they can be passed on to a new owner if you decide to sell your bike. This can make your motorcycle more attractive to potential buyers and increase its value.
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Additional Perks: Many extended warranty providers, such as CarShield and Discount ESP, offer added benefits like roadside assistance, towing services, and rental reimbursement. These features provide extra convenience in case of unexpected issues on the road.
How to Choose the Right Warranty Provider
Selecting the right extended warranty provider can be challenging due to the variety of options available. Here are a few tips to help you make an informed decision:
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Compare Coverage Plans: Different providers offer varying levels of coverage. Make sure to compare plans and choose one that meets your specific needs. Some plans cover only the powertrain, while others offer more comprehensive protection for additional systems like suspension and brakes.
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Check for Transferability: If you plan on selling your motorcycle in the future, choose a warranty that is transferable to the new owner. This can increase the value of your bike when it comes time to sell.
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Look for Mileage Flexibility: Some warranty providers impose mileage limits, while others, like Discount ESP, offer unlimited mileage. If you ride your bike frequently, make sure the warranty you choose does not restrict your usage.
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Consider Deductibles and Costs: Extended warranties often come with deductibles. Compare deductible amounts across different providers to ensure you are comfortable with the cost of making a claim.