6 Ways to Save Money on Motorcycle Insurance Coverage

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January 18th, 2010

Now that we are looking forward to the end of a very cold winter, your thoughts may be turning back towards riding a motorcycle. As you get your bike checked out, take a little time to over motorcycle insurance too. Make sure you have the best coverage at the a competitive rate!

6. Take an approved motorcycle safety course

Organizations like the Motorcycle Safety Foundation provide these tested courses. They can make you a better rider, and they can also earn discounts on motorcycle insurance premiums! I think that newer riders, and especially young riders, should be especially careful to get expert training.

5. Install a motorcycle anti-theft device

You do not want to lose your bike, and insurers do not want to pay a theft claim. Before you do make the investment, make sure that the device is approved for an insurance discount.

4. Look into motorcycle club discounts

Many large motorcycle clubs can offer discounted premium rates to their members.

3. Consider increasing your deductible

If you can save a few hundred dollars a year by having a $1,000 yearly deductible instead of a $250 deductible, consider how that would benefit you. Raising your yearly insurance deductible can be a an easy way to save some money on premiums, especially if you do not rely on your ride for your main source of transportation. If you do need your bike repaired after a covered accident, you will have a larger out of pocket expense, of course. But you may save enough money on premiums over the course of several months to make this a smart consumer decision.

2. Look for multiple policy discounts

If you also have a car to insure, or need to buy homeowners or renters insurance, look at insurers who want to offer you a better deal when they can write all of your insurance policies.

1. Be careful out there!

You know that traffic tickets and accidents will catch up with eventually, and you will get hit with rate increases. Again, younger and less experienced riders, without a long motorcycle riding history, must be especially careful.

Motorcycle Insurance Comparison Shopping

Of course, your own motorcycle insurance premiums will depend upon quite a few different things. You age, zip code, and driving history matter. But the motorcycle insurer will also matter. Be sure and shop around to make sure you have found a top insurer who wants to compete for your business! Or fast, safe, and free vehicle insurance quote forms make it easy to compare motorcycle insurance!