Motorcycle Insurance Articles
Why Motorcycle Riders Usually Overpay For Insurance Premiums
2011-01-20
Some people choose to drive a motorcycle instead of a conventional vehicle because, under ordinary circumstances, it allows them to pay less for insurance than would otherwise be the case. But this does not necessarily prevent premiums from still being too high. Possible reasons for owning a motorcycle can vary widely, and by taking stock of your current habits, you can find out how to avoid paying for insurance you do not actually need. You must understand the increased risk of an accident that motorcycle riders face by having less protection on the road. At the same time, you should never be forced to overpay for insurance premiums. Following are some key factors over which you have at least some level of control and which ultimately make a big difference in what your policy costs.
In the same manner as a conventional vehicle, if you drive a motorcycle on any public road as opposed to, e.g., a race track, one of your best courses of action is often to think of it as strictly a means to take you from Point A to Point B. Remembering this will decrease your chances of buying it for frivolous reasons. In fact, the temptation to buy a motorcycle simply to show off can be so real for some motorists that it is sometimes an altogether poor investment. A newer make and model might benefit you in some important ways, but if you are new to driving a motorcycle, it is more practical to start off with something basic which will be cheaper to repair after an accident. This allows you some room to take advantage of insurance discounts and eventually save enough to buy a more inclusive policy that fits your budget. Too many accidents, parking next to high-risk areas, living in an area with high rates of crime or accidents, the type of motorcycle being used, passengers, frequent driving and a variety of other situations can cause motorcycle riders to overpay for insurance. Additionally, a motorcycle's lighter weight and maneuverability have the disadvantage of making it easier to go over speed limits and break the law.
To review, if you drive a motorcycle for any reason and know about any immediate way you can reduce its risk of being damaged on the road or while parked, you are more than encouraged to take advantage of it. In many cases, this can require you to avoid driving it at all and just use a conventional vehicle on an ordinary basis. Your safety, along with that of loved ones, is what is most important and only you can determine how to minimize your risk. If necessary, address your concerns directly with your insurer.