Motorcycle Insurance Articles
5 Ways to Save on Motorcycle Insurance
2010-03-03
Let's face it, owning a motorcycle can be very expensive. From the initial cost of purchasing a motorcycle to yearly upkeep, repairs and customization the costs can add up very quickly. With all of the money owning a motorcycle can cost, you will want to save as much as possible on your motorcycle insurance policy. Fortunately, there are a number of things you can do to lower your premiums and save on motorcycle insurance.
- Choose your bike wisely. If you are a fan of the super-fast sport bikes you may want to skip this tip. Unfortunately, these bikes have a bad reputation for being ridden hard and fast and insurance companies know this. If you are looking to buy a sport bike, like a Ninja or the coveted Hayabusa you can expect to cough up some extra money for your motorcycle insurance premiums - even as much as the cost of the bike for some riders!
- Choose the higher deductible. The biggest question here is how much money are you willing to pay in one lump sum to save on your monthly motorcycle insurance rate? Your deductible is the amount of money you have to pay out of pocket before the insurance company will cover the remainder of the damages. Increasing your deductible from $250 to $500 or even $1000 dollars if you can swing it can drastically reduce the amount you pay for motorcycle insurance.
- Lose the passenger. For some riders, one of the greatest feelings is having your significant others arms wrapped around your waste as you cruise the city or highway. Unfortunately, you have to pay for this feeling. Removing guest passenger liability coverage can save you hundreds on your motorcycle insurance premiums but it is important to remember that if you choose to take on a passenger the insurance company will not pay for medical expenses if you are in an accident so this is a decision you should not take lightly.
- Consider how much you ride. Do you live in a part of the county that has a definite riding season? If you do you may be able to save on your motorcycle insurance premiums. Many insurance companies offer discounts for part time riders, especially if the motorcycle rider is younger. Check with the insurance company you choose to see if this is an option.
- Avoid smaller claims. Minor repairs to a motorcycle are going to be significantly less than those to another type of vehicle, like a car or a truck. Unfortunately, if you have several of these claims your insurance company will still raise the motorcycle insurance premiums you pay - this is because insurance companies count the frequency of your claims as well as the cost. If you can afford to pay for minor repairs out of pocket, do so. It will help you save on motorcycle insurance in the long run.
No matter what type of motorcycle you own or how much you ride you want to save as much money as possible on your insurance premiums. MotorcycleinsuranceQuotes.com understands this and that is why we offer the easiest way to save of all - comparison shopping. Simply fill out our short questionnaire and MotorcycleInsuranceQuotes.com will return with multiple low-cost insurance quotes from top-rated companies that you can choose from absolutely free! Try us today and get back your motorcycle back on the road where it belongs.