Tips on how to get Cheap Motorcycle Insurance
Now that you know how the motorcycle insurance company will view
and rate you, and what types of coverage are available, here are
some tips on how to get a good deal:
1. Shop, Shop, and Shop More: Insurance can vary widely
in the same region. Do not assume that your existing insurance
company for your car, home, etc. will offer you the best deal.
Take a whole day to call as many companies as you can to get a
rate quote. Shopping around for insurance can sometimes be the
single best way to cut your insurance costs. The more companies
you call the better chance you will find a great deal on cheap
motorcycle insurance. When you are comparing companies, reduce
your best quote by 5 - 10% to see if it can be matched.
2. Securing Your Bike: What can you do to keep your bike
more secure? If you can garage your bike, alarm it, or secure it
somehow while it is parked, you may be able to secure yourself
some discounts on your insurance.
3. Don't Over insure: Remember, if something happens to
your motorcycle, you will only receive the market value so over
insuring will not help you get a higher price for your bike.
4. Mileage: If you only ride your bike once in a while
during the summer for pleasure, you should be able to get a
better rate if you can keep your mileage low. Also, if you do
not carry passengers, this can lower your rate as well.
5. Special Motorcycle Training: Taking special DMV or
other motorcycle classes can help decrease you rate. Just make
sure you keep your certification documents handy for the
insurance company to view. Also, some associations have
contracted discounts for their members. It cannot hurt to check
this out as well.
6. Provide Honest Information: If you falsify information
in obtaining a quote and coverage from the motorcycle insurance
company, if the need arises to file a claim and the motorcycle
insurance company determines you have provided false
information, they will not process your claim and you can be
pretty sure that they will drop your coverage.
NOTE: There is no reason to overpay one insurance company
when another one is willing to give you a better deal. If an
accident would occur you will get the same value for your bike
regardless of what company you choose. By taking the time to
find out how the insurance company will view you, your bike, and
your riding habits, you can learn how to save while still
getting a great policy.
Talk to the cyclist or salesperson who sold you the motorcycle,
and also look through motorcycle magazines, motorcycle Web sites
and the yellow pages. Dealerships don't always work with the
best companies, and you might get talked into a policy you don't
want.
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