Motorcycle Insurance Articles
How To Reduce Your Motorcycle Insurance Costs While Unemployed
2010-10-22
Motorcycle insurance costs can be very high, especially for certain models of older or faster bikes. The cost of insurance can be difficult to afford even if you are fairly well employed, but when a motorcycle owner loses his or her job, it can be difficult to keep a bike reasonably insured. Nevertheless, there are a few ways to keep the cost of motorcycle insurance low during your times of need. This starts with looking for special bike insurance discounts and gathering motorcycle insurance quotes to keep your coverage while minimizing your monthly premiums.
Discounts are fairly easy to find if you know how to look for them. Think about ways that you could decrease the risks of being involved in an accident on your motorcycle; chances are very good that you will be able to think of at least a few ways to lower your insurance rates in the process. For example, many riders try taking defensive driving or motorcycle safety courses. These can be easy to afford, even if you are between jobs, and they will result in a hefty discount to your motorcycle insurance rates. Experienced motorcycle owners will find them very simple to complete, so there is really no reason not to look into a course or two. Some insurance companies will also provide discounts for drivers that install passive alarms or other safety features on their bikes. You might also decide not to ride your motorcycle while you are unemployed, but rather than canceling your coverage outright, ask about limited insurance programs in order to avoid a costly gap in your motorcycle coverage. This way, you will pay very little, but your bike will stay insured against natural disasters, theft and other potential hazards.
Another way to lower your motorcycle insurance costs is to gather quotes. When you are unemployed, it can be very frustrating to look for a job all day, so instead, take a few minutes to research motorcycle insurance quotes. See if you can find a plan that is less expensive than your current coverage. Use a website that provides multiple motorcycle insurance quotes and take a few of the lowest quotes that you find to your insurance provider. You will often be able to get lower motorcycle insurance quotes simply by asking for them and showing proof of a competitor's low prices.
Take as many actions as possible in order to reduce your motorcycle insurance costs quickly because you will only stack up your costs while you are unemployed. By acting quickly, you will limit your expenses and make it much easier to stay in budget until you find and start a new job.