Whether you are buying a motorcycle or simply shopping for lower-priced premiums, there are things you should know that can help you find a lower-priced policy. The following are three ways you can save on a motorcycle insurance policy:
Keep your travel mileage low
It doesn't matter how often you ride your motorcycle, what an insurance company looks at is the amount of miles you are driving each week. The lower the number, the lower your rates will be. Obviously, lower premiums reflect a reduced chance of an accident. Make sure that you are honest about the mileage information that you provide an insurance company. Providing false information can be the basis for denying a future claim.
Store your motorcycle in a garage
Where you store your motorcycle can affect your premiums. Motorcycles that are stored indoors in a locked garage are less of a risk to be stolen. Also, damage from the wind and rain are not a factor. Neither are falling tree branches or vandalism. If it is not possible to store your bike indoors, try to find a place out from under trees. This will eliminate the possibility of a hit and run. Also, if you have moved to a new home that has a garage and can store your motorbike inside, you may want to get new quotes. You may find that your premiums will be much cheaper.
Take a motorcycle riding and safety class
Often an insurance company will give a discount to a motorcyclist that has completed a course on motorcycle safety. These courses have been shown to reduce a rider's chances of getting into an accident, and insurance companies are aware of this. So even if you have a lot of riding experience, this can still help to reduce your premiums. You should inquire about this when you request a quote. There may be approved courses that you must take in order to get the discount. By knowing ahead of time how much you will save after completing the course, you can then factor this into your future policy cost.
Along with the three ideas above, there are also good general strategies that can be used. One example is to make sure you get several quotes. By doing this, you will know that you are getting the best rate available for your circumstances. Also, if you can afford to pay for the entire policy at once instead of a payment plan, you will save money.
For more information on coverage for motorcycles, contact an insurance company near you.
Share11 December 2017
I still remember the first time I had to chose an insurance policy; I was 17 years old and had just saved up enough money to afford my very first car. I was so excited to begin driving, but overwhelmed with all of the different auto insurance options. My father helped me chose a full-coverage policy that would cover the cost of my car if it were to become damaged in an accident. When I inevitably caused a small fender-bender as a new driver, my insurance company paid for my car repairs, so it sure was the best policy for me! Now that I am older and have learned a lot about home insurance and other types of insurance, I thought I would make a blog to help others who need insurance advice, like what my dad gave me. I hope I can help you make wise insurance decisions!