Motorcycle Insurance Articles
Looking For New Ways To Cut Motorcycle Insurance Premiums
2011-02-01
Considering the ever-increasing medical costs and the risks of getting involved in an accident, buying motorcycle insurance should be your main priority. It is important that you search for a well established company featuring affordable motorcycle insurance premiums. Even if you are on a tight budget, you can still cut bike insurance costs by making some small changes. Here are the best ways to save money on motorcycle insurance and get the most out of your policy:
Before you start searching for motorcycle insurance, check the laws in your state to make sure you meet the minimum required coverage. Try to determine what type of coverage meets your needs and then look for ways to cut bike insurance costs. Most people opt for uninsured or underinsured motorist coverage, collision coverage and liability coverage. Research your options and decide how much you can afford paying for motorcycle insurance coverage. It is advisable that you buy enough insurance to cover hospitalization costs and motorcycle replacement costs in the event of an accident.
One of the best ways to cut motorcycle insurance premiums is to raise your deductible. Although you will pay a larger share of any loss, increasing your deductible can save you as much as 30% on motorcycle insurance. Keep in mind that you are going to pay more out-of-the-pocket if you get involved in an accident.
When shopping for motorcycle insurance, ask about the discounts that are being provided. Some companies are willing to offer discounts to those who teach motorcycle safety courses or take an approved motorcycle safety course. Getting expert training is very important especially for inexperienced riders. Be sure to look for multiple-policy discounts and search for companies that offer a good deal to those who get motorcycle insurance, home insurance or car insurance with the same provider. You may also receive a discount when insuring more than one motorcycle.
If you only ride occasionally, there is the possibility that you can get a low mileage discount. You can save up to 10% on your motorcycle insurance premiums if you do less than 3,000 miles a year on your bike. Insurance companies often provide discounts to those who join a motorcycle club, keep their bikes locked in a garage at night, add safety features and security systems to their motorcycles or maintain a clean driving record.
Comparing multiple quotes is the best way to cut bike insurance costs and get a good deal. Motorcycle insurance premiums can vary widely from one provider to another. Your age, gender, location and driving history matter too. When comparing motorcycle insurance quotes, you will be able to evaluate each of these factors and choose a policy that is sufficient.