Can-Am Spyder Insurance

In 2007, Can-Am — a division of Bombardier Recreational Products (BRP) — launched the Spyder, a three-wheeled “roadster” with a 998cc fuel-injected 106-hp Rotax V-twin engine sending power to the single rear wheel in a “reverse trike” layout — likened to a snowmobile for the street. By 2015, more than 100,000 Spyders had been delivered to happy customers, more than one quarter of them previous motorcycle owners and one fifth of them women.

“Designed for stability, it bridges the gap between a motorcycle and a sports car, and in a few states doesn’t require anything other than a car driver’s license to operate.” —Cycle World

In most states, a motorcycle license is required to operate the Spyder, and many owners opt to insure their Can-Am’s through the same companies known for insuring motorcycles. Some owners have reported certain companies adding surcharges to three-wheeled machines. Given the uniqueness of the Spyder and Ryker, it’s no surprise that rates vary widely from company to company, so it’s important to shop around and make sure you don’t pay too much. Fortunately, we can help.

Can-Am Spyder Insurance Rates

To be honest, it’s not always helpful to compare rates between individual riders, as they vary so much depending on age, location, driving history, coverage options, marital status, credit score, multi-vehicle policies, and more. That said, we gathered a range of real Can-Am owners to give you at least an idea of what to expect.

• Male / Spyder RTS-M5 / NY / Full Coverage / Progressive: $150 / year
• Male / Spyder RS / VT / Full Coverage / Progressive: $150 / year
• Male / Spyder F3 / VA / Full Coverage / Allstate: $161 / year
• Male/ Spyder RT / OH / Full Coverage / Allstate: $173 / year
• Male / Spyder GS / OH / Full Coverage / Geico: $201 / year
• Male / Spyder ST-L / OR / Full Coverage / Markel: $215 / year
• Male / Spyder / VT / Full Coverage / Dairyland: $240 / year
• Male / Spyder RTS / IL / Full Coverage / Markel: $293
• Male / Spyder RTL / OH / Full Coverage / Dairyland: $300 / year
• Male / Spyder RTAC / AR / Full Coverage / State Farm: $416 / year
• Male/ Spyder ST-S / VA / Full Coverage / Allstate: $420 / year (Geico was $3336!)
• Male / Spyder / FL / Full Coverage / Progressive: $442 / year
• Female / Spyder RTS-SE6 / VT / Full Coverage / Geico: $489 / year
• Male / Spyder RTS / AR / Full Coverage / State Farm: $522 / year
• Male / Spyder RT-L / AZ / Full Coverage / Geico: $1176 / year
• Female / Spyder F3 / AL / Full Coverage / Progressive: $1500 / year

As you can see, rates vary widely between riders, and even for the same rider between companies. For that reason, it’s especially important to shop around, comparing policies and quotes from a few reputable insurers to make sure you get the coverage you need at the best price possible. Fortunately, we can help.

Can-Am Spyder Models

Since the introduction of the original Spyder in 2007, a full stable of models have come to be offered, helping to “redefine riding” in the 21st century.

• Spyder RS: A sport version with a seat position and styling more akin to a traditional sport bike. Discontinued in 2016.
• Spyder ST: A sport touring version with an upright seat position and detachable saddlebags. Also discontinued in 2016.
• Ryker: A more economical “recreational” roadster with an upright seating and a choice of 600cc or 900cc engine. Also available as the Rally Edition.
• Spyder RT: A touring version with an integrated top case and saddlebags, also available as the RT-Limited.
• Spyder F3: A sport cruiser version with feet-forward seating more akin to a traditional cruiser motorcycle. Available in several trims: F3-S, F3-T, F3-Limited, and more.
• Spyder F3-P: Police version with emergency lights, siren, electrical equipment outlets, and a “Quick Pursuit” ignition system.

Some people have compared the Polaris Slingshot to the Spyder, but besides both machines having three wheels, they are completely different vehicles — the Spyder is much closer to a motorcycle in design and function.

Insuring Your Spyder: Basic vs Full Coverage?

If you’re financing your Spyder and the bank or lender still has a lien on your machine, then you’ll almost certainly need to carry “Full Coverage” in order to satisfy the lender’s requirements. That means carrying not just the state-mandated liability coverage, but also comprehensive, collision, and possibly an uninsured/underinsured motorist rider.

If you own your Spyder outright, you’ll have the option of “Basic Coverage,” which typically means little more than your state’s liability coverage. While may be the least expensive option, we don’t recommend it. Without collision or comprehensive coverage, your Spyder will not be protected from damaged sustained in a traffic accident, non-moving accident, theft, vandalism, acts of God, or many other threats.

While a Spyder is arguably safer to ride than a traditional motorcycle, it’s still less visible to other motorists, and the rider has much less protection than inside a car. For that reason, we encourage you to get the best coverage you can afford.

Compare Policies and Rates

If you want the best coverage for the lowest rate possible, you’ve got to shop around, comparing quotes from various insurers. Fortunately, we’ve made it easy. Enter your zip code to begin.