Motorcycle Insurance Articles
The Different Costs Of Motorcycle Insurance In 2010
2010-04-01
If you have a motorcycle, you need to insure it. Today, motorcycle insurance can cost from $100-$1,000 per year. There are several factors that affect motorcycle insurance premiums. For example, if you have a fast bike, and it is brand new, you will pay more to insure it. If you are young or an inexperienced rider, you will also be charged a higher motorcycle insurance premium. Other factors that affect motorcycle insurance rates include the rider's location, driving history, and occupation. The fact is that motorcycle insurance rates vary significantly. A small, basic motorcycle may cost you $200 to insure, but a flashy sport bike can cost you $1,000 or more. Insurance rates are usually higher for bikes that have large engines, new motorcycles, sport bikes, racing bikes, and Harley-Davidsons. A cruiser, standard bike, or Japanese bike will cost you less money. You should obtain a free motorcycle insurance quote online if you want to find an excellent deal.
The kind of policy that you purchase also affects your insurance premiums. Some insurance providers sell basic motorcycle insurance policies for inexpensive prices and other companies sell impressive coverage for higher prices. The type of coverage you purchase and where you purchase your policy has a significant impact on your premiums. If you want to find low cost motorcycle insurance, shop around. You should request more than one motorcycle insurance quote online. Compare the quotes side by side, until you find a policy that you can afford. Finding low cost motorcycle insurance is not impossible, but your best bet is to compare prices with many insurance companies.
Additionally, if you want to pay less for your motorcycle insurance policy, you should drive carefully. Traffic violations, speeding tickets, and accidents will increase your insurance premiums. Avoid driving when you are intoxicated because a DUI has a huge impact on insurance costs. Additionally, when you find an insurance policy, you should check to see if the carrier offers discounts. You may qualify for discounts on your premiums if you take a defensive driving course, if you have safety devices on your motorcycle, if you insure more than one policy with one insurance company, if you do not ride your bike often, if you insure more than one motorcycle, and if you belong to an association, like the American Motorcycle Association or the Harley Owners Group. Other kinds of discounts may be available. If you want to reduce your premiums even further, you can raise your deductible. You will still be covered, but you will have to pay a higher deductible if you get into an accident. As you can see, there are many ways to reduce a motorcycle insurance premium.