Motorcycle Insurance Articles
Lowering The Cost Of Motorcycle Insurance For Students
2010-11-22
Shopping for student motorcycle insurance can be an intimidating venture. Motorcycles are statistically more dangerous than other types of automobiles so rates are already high. When that is coupled with the inexperience of a young rider and the insurance costs for students can start rising pretty quickly. Fortunately, there are some simple steps that students can take to help lower the cost of their motorcycle insurance.
An effective way to lower insurance costs for students is to have them take a motorcycle training course. These are typically administered by the state's Department of Public Safety. They have classes designed for beginners that show new riders the basics such as how to operate a motorcycle, how to avoid perilous situations, what sort of protective gear is necessary and how to deal with dangerous situations should you find yourself in one. The teachers are all professionally trained and classes are very affordable. For a one-time fee, you can typically save between 10 and 15 percent on your student motorcycle insurance costs.
Another way to lowering insurance costs for students would be to increase the cost of the deductible. If the rider does find themselves in a situation in which they have to file a claim, the amount out of pocket becomes higher but you do save money each month that you avoid any accidents. This may not be the best route for a brand new rider but it is an option that is particularly attractive to experienced young riders who are confident in their riding abilities.
The type of bike that a young rider rides can also affect the cost of their motorcycle insurance. Because custom bikes are most often used for off road activity that is viewed by insurance companies as highly accident prone, these types of bikes are going to require more expensive insurance. It's also important to note that the insurance premium will most likely not cover certain parts or accessories in custom bikes, particularly the more expensive ones. So, be very careful when selecting a policy and be sure to review it thoroughly to make sure it covers everything you need to be covered.
If a young rider can prove to an insurance company that they keep their motorcycle stored in a garage or some other type of secure storage space, the provider may offer a discount. This is because motorcycles are easy and frequent targets for vandalism and insurance carriers view that as extra risk that they may have to pay for. But by eliminating as much risk for the insurance company as possible, you may be offered discounts that other student riders would not receive otherwise.