A fishing lure with changeable appearance may comprise a lure body having an exterior surface, and a midline plane extending through the lure body and bisecting the lure body into two lateral sections. The lure may also comprise a cover assembly removably covering at least a portion of the lure body. The cover assembly may comprise at least two parts being configured to cover a portion of the exterior surface of the lure body when the cover assembly is in a mounted condition. The at least two parts may be separable from the lure body when the cover assembly is in a dismounted condition.