Motorcycle Insurance Articles
Why Motorcycle Insurance Coverage Is Less Expensive Online
2010-07-09
Motorcycle insurance quotes are affected by hundreds of different factors, including a rider's experience, the amount of coverage requested, and, of course, the bike that you're trying to insure. They're all governed by competition, however, and many motorcycle owners discover that online motorcycle insurance tends to cost less than insurance from a local agency. This isn't always the case, but more often than not, insurance premiums are greatly affected by the large amount of competition on the Internet. National companies compete for the business of thousands of motorcycle owners, and they often need to slash their premiums to stay competitive.
One of the major reasons that online motorcycle insurance costs less is the emergence of third party websites. These websites are set up to allow motorcycle owners to get several quotes from various national insurers without filling out separate quote request forms. They make it much easier to shop for online insurance, and premiums are lowered by the larger amount of competition. Insurance companies sometimes even offer special deals to the customers of these websites (though that certainly depends on the website and the state insurance law of the motorcycle owner). Local motorcycle insurance agencies, by contrast, deliver one quote at a time, and their motorcycle insurance quotes can be higher as a result. Motorcycle insurance companies with a strong online presence are also likely to be fairly large, and they can afford to offer lower rates to customers to get them hooked into long policies. Many smaller local insurance agencies simply can't afford to compete in this marketplace, and some choose to stick to an established base of clients.
There are many advantages to using a local insurance agency, and some riders prefer the coverage options available through their current insurers. If you want to get your bike insured at a local insurance agency but you don't want to pay larger rates, try using a combination method. Go online to gather quotes, and relay these to your local agent. He or she will usually try to at least match his competitors' prices, and may even offer you a better deal. They will usually want a printed off copy of the quotes that you receive, so be sure to make a few copies when shopping for insurance. Remember to check your motorcycle insurance against online quotes once or twice a year to keep your policy in check.
Finding great motorcycle insurance quotes is often a fairly simple process. By using the Internet, it's easy to lock in low premiums and great coverage, even for motorcycle owners that prefer to use a local agency.