Motorcycle Insurance Articles
What To Look For In A Great Motorcycle Insurance Provider In The Long Term
2011-04-06
With the price of gasoline increasing on a weekly basis, many drivers are looking into purchasing a motorcycle for the fuel economy these two-wheeled alternatives are capable of delivering. Buying a motorcycle will include finding a reliable and affordable motorcycle insurance provider to obtain a reasonable motorcycle insurance quote, but this may be easier said than done. Even experienced drivers who have been driving a car for decades may be surprised to learn that insuring a motorcycle, especially with little or no bike riding experience, can cost as much or more than the expense of insuring the family car.
For young riders the cost can be much greater, particularly if their motorcycle of choice happens to be a newer, high performance machine. To most insurance companies, a young rider on a big bike represents an extremely high risk and the statistics bear this out, but there are a few things one can do to somewhat lower the price of a policy offered by your motorcycle insurance provider and these should be considered. The best piece of advice is to shop around for the best rates available, and this holds true for motorcycle insurance in similar fashion as it does for just about everything else.
Surprisingly, a motorcycle insurance quote from one company can end up being three or four times higher than the quote from a competitor. Those who believe the lowest quotes are available from the largest, most well-known insurers may be disappointed in finding this is simply not the case. In many cases these companies sell coverage at the highest cost. The lowest prices are more likely to be found offered by small, locally-owned brokers specializing in motorcycle coverage.
A great motorcycle insurance provider is one that sells a favorably-written policy at a reasonable cost, that has a good claims paying history and a high rating for financial stability. They can usually be found online with a little effort and time, which can certainly be worth a great deal when it comes to savings. Online forums can be a great source of information, and experienced riders can often point you in the direction of a good, reliable and affordable insurance company dedicated to writing motorcycle coverage.
Make sure your insurer offers discounts such as those available for successful completion of a motorcycle safety course and then enroll in the class. Sometimes the discount for completing the course will even apply to your car insurance coverage. Being a member of a recognized motorcycle organization can also bring a discount. Remember to look into what types of motorcycles are considered the highest risk models and stay away from them. The list of these is available online.