Motorcycle Insurance Articles
Finding Manageable Motorcycle Insurance Quotes For Your Bike
2010-11-22
When shopping for motorcycle insurance quotes, you may find yourself looking at prices higher than you anticipated. But it's important to know of the simple and easy methods that you can use in order to reduce your insurance premium. Searching for available discounts, increasing your deductible and just driving responsibly can help you find manageable quotes and save you money.
Be prepared to find quotes that are higher than one would expect with automobile insurance. Because they are statistically more dangerous than cars, motorcycle insurance quotes are typically more expensive. This is especially true for young, unproven drivers or riders with accidents on their records. It is important to realize, however, that an accident on your driving record will always reflect on your insurance costs, even if the accident took place in a car and you are shopping for motorcycle insurance quotes. The type of bike you ride is also a major factor when finding manageable quotes.
Shopping online is the best way to find competitive rates. Most providers can give you a quote online fairly quickly if you simply provide them with information concerning your driving record. Their quote will contain all the information pertinent to your choices and lay out the various types of coverage they can provide. Price is always a major consideration but you should look at the overall value of the insurance before deciding on a policy to go with. Just because a price isn't the cheapest doesn't necessarily mean it isn't a manageable quote with the best overall value.
Increasing your deductible is one way to help decrease the cost of your premium. Of course, if you do find yourself filing a claim, the amount you'll be paying will be higher then, but in the long run, many drivers with good records find that they save money through this method. You can even put the money that you're saving into an account that earns interest compounding the savings.
There are also motorcycle training courses that drivers can take in order to get discounts on their motorcycle insurance quotes. For a relatively cheap one-time fee, you can usually save 10 to 15% on your premium. This is especially effective for riders under the age of 25 or for those who have been in an accident. Another thing that can lower your quote is parking your motorcycle in a garage. Because they are often a target for vandalism that insurance carriers would have to cover, this can lower your premium. Having a security alarm installed can have a similar effect on your premium as well. Anything that makes the insurance company feel more secure about covering your motorcycle can help.