Motorcycle Insurance Articles
Simple Ways to Lower Motorcycle Insurance Costs
2010-12-16
Motorcycle insurance price has increased drastically over the last few years. Since motorcycle insurance is mandatory in most states, individuals often look out for ways to obtain discounts on motorcycle insurance. Fortunately, there are many simple ways to increase your chances of obtaining lower motorcycle insurance quotes. So, why not try out the below mentioned easy things to reduce the motorcycle insurance premium.
If you are yet to purchase a motorcycle, think deeply about the kind of motorcycle you want to own. Sports bikes and other faster motorcycles are charged a higher premium by most insurers because these vehicles are presumed to be high risk vehicles. If you consider a basic or older model motorcycle, you will have to pay lower premium towards the insurance of such vehicle. Having your motorcycle garaged at night is also a good way to obtain discounts on motorcycle insurance quotes. Besides this, installation of car alarm can help you bring down the motorcycle insurance price.
Obtaining quotes from several insurance providers for comparison is a simple and effective way to shortlist low priced motorcycle insurance quotes. The easiest way to obtain quotes from numerous providers is through the Internet. Within half an hour, you will be able to gather motorcycle insurance quotes from dozens of companies. There are many websites that offer easy comparison of quotes and coverage from different insurers. You will simply have to provide some basic information to obtain this data such as motorcycle model, mileage covered, social security number, driving license etc.
One of the surest ways to reduce the motorcycle insurance price is to be a safe rider. Those who have lots of speeding tickets issued against their name have to pay a higher premium because they are termed as high risk prospects by most insurance providers. On the other hand, having a good driving record will help you negotiate for a lower motorcycle insurance price. This is a long term strategy because it will take you couple of years to build safe driving reputation. However, if you already have a good driving reputation that you have build over the years, then you can certainly use that to your advantage while requesting motorcycle insurance quotes.
Limiting your mileage can also help you obtain lower quotes from insurance providers. If you can limit your annual mileage to 5,000 or less, you will have a good chance of lowering your premium cost. In fact, this will not only increase your chances of obtaining lower premium on insurance policies, it will also help you have a higher resale value on your motorcycle. The above mentioned simple tips will certainly help you lower your motorcycle insurance costs.