Motorcycle Insurance Articles
Are There Ways To Make Your Motorbike Cost Less To Insure
2010-03-11
Motorcycle insurance is one of the most expensive types of vehicle insurance, owing to the fact that motorbikes have a higher than average collision rate and that any collision with a involving a bike will most likely involve serious damage to the motorcycle itself, to say nothing of the rider. For this reason, many motorbike owners are looking for the best low cost motorcycle insurance they can find. Often, there are ways to reduce a motorcycle insurance premium that require a minimum of effort.
One of the best ways to reduce any insurance rate is to increase the safety of the vehicle. This can be done by taking a motorcycle training course, which will make the rider more knowledgeable and therefore less prone to an accident. Also be sure to ride safely. Multiple speeding or other traffic infractions will affect your insurance rates. As well, the safety of the bike itself is important. Making sure the bike is well-maintained, has all the proper safety equipment and is stored in a secure location can go a long way to lowering any motorcycle insurance quote. In addition, purchasing an anti-theft device for your motorcycle, such as an alarm, can result in discounts from your insurance provider.
Another way to lower the cost of your motorcycle insurance is to pay more for your deductible. A higher deductible means less chance the insurance company will be forced to pay out, and so a cheaper rate for you. If you are a safe and careful driver, this higher deductible should not end up being a liability. You can also choose to remove collision insurance from your motorbike coverage, especially if you have an older bike, as the cost of collision insurance may outweigh the benefits in certain circumstances. If none of the above-mentioned methods work for lowering your rates, consider switching to a bike that is more insurance friendly. This may be a newer, safer bike or simply one with a smaller engine or lower top speed. These types of bikes will be considered less of a risk to insure by your provider.
Sometimes, the best way to get low cost motorcycle insurance is to switch providers. If this is the route you choose to take, make sure that what you're getting matches what you currently have. An attractive price up front may seem like a good idea until your first collision. If it turns out your new policy has lower payout limits or a different type of coverage than you're used to, you could end up paying a great deal more in the long run. For many insurance providers, however, insuring a safe, well-maintained bike with a trained driver will always lead to the best rate.