Motorcycle Insurance Articles
How Motorcycle Riders Can Locate Affordable Insurance For New Motorcycles
2010-09-30
New motorcycles can be expensive to insure. Motorcycle owners go to great lengths to cut the cost of their policies for new motorcycles, as motorcycle insurance is one of the most expensive parts of bike ownership. Of course, as anyone who has spent the money for a new bike knows, keeping within a budget can be very important. Luckily, there are a number of very effective ways to keep the costs of motorcycle insurance low on a new motorcycle, and most of them don't even require too much of a bike owner's time.
The good news is that new motorcycles often cost less to insure in certain areas, including liability insurance coverage. This is because new bikes are generally safe and their owners tend to drive them with more care than older bikes. However, as is the case with car insurance, motorcycle insurance costs are heavily driven by the exact model of motorcycle that the policy owner holds, so depending on the insurance statistics for your bike model, your rates may go up and down from what you're used to. You will also want to buy greater amounts of comprehensive and collision coverage in order to keep your bike protected. To cut your costs, look into taking a motorcycle safety course. This can result in a major motorcycle insurance rate reduction, often the equivalent of removing a traffic ticket from your record. If you've already got a clean riding record, you may even move into your insurance provider's coveted substandard risk category. Ask about any other motorcycle insurance discounts that your provider offers.
Once you've minimized your insurance risks, you should begin to look for quotes for your new motorcycle. Again, new motorcycle insurance rates can be less expensive than other bikes, and you'll greatly improve your chances of finding an acceptable rate if you take the time to gather quotes before you buy a policy. Look for as many quotes as possible. Use online motorcycle insurance tools to gather quotes from major insurance companies and be sure that all of the quotes are for the same coverage amounts. Have the VIN number and other information about your new motorcycle ready before you search for quotes, and be ready to answer information about your riding record for the most accurate insurance quotes possible. Read every quote as thoroughly as you can and keep researching until you find a policy that you like. You'll find great quotes for new motorcycles simply by being consistent, by looking for as many quotes as possible and by minimizing your motorcycle insurance risks before you begin looking for a new policy.