You Will Save On Motorcycle Insurance — Here’s How
When it’s time to buy motorcycle insurance, you can’t go wrong considering the following four factors before you shop. Insurance companies pretty much all think alike. And these are the risk factors that they always consider when they figure your rates.
1. Experience and age of the driver — of course you can’t make yourself any older or instantly change your driving record but be aware that these are major factors in the rate calculation. The more driving experience and the fewer accidents on your record the better you will do with insurance companies.
Even so, younger riders as well as older can often reduce their rates by simply taking a safe driver class. Drivers of all ages will get significant rate advantages the longer their driving record is free of accidents and claims.
2. Bike age, cost and modifications — Of course the more expensive the bike and more risk to the insurance company and the higher the cost of the insurance. Especially if you make modifications to the bike, insurance costs can skyrocket. That’s because the cost of replacing those modifications is often high.
If you haven’t purchased your bike yet and particularly if you’re a first-time biker, consider getting an older, lower powered model to cut your teeth on. Newer bikes and bigger engines increase the cost of replacement and the risk of an accident, so insurance companies naturally charge more for these.
3. Storage and security — store your bike in a secure area and the insurance company will take notice. You will typically get lower rates if the bike is stored in a locked garage as opposed to outside on the street, for example.
Bike security devices when you’re out of the road can also make a difference with your insurance rates. For less than $100 you can buy and install a bike immobilizer that makes it more difficult for people to take your bike and thus reduces the cost of theft coverage.
4. Driver and passenger safety — these days most states require a helmet. Frankly you’re nuts if you don’t wear one, and insurance companies will charge you much more, Check with your company on possible discounts for the use of other basic safety equipment.
Insuring passengers is expensive but necessary. Make sure they wear the same safety equipment and have the same coverage as you. You may not realize it, but bikers are sued more often by passengers than anyone else. If you typically do not have passengers you should be able to pay less for your insurance.
Once you have bought your bike a number of these factors are pretty much locked in. So it’s worth your while to think about this before you buy and or when you are changing bikes. You can save yourself a lot of money in your insurance bill if you take these factors into consideration.
Dan Danmenn enjoys creating insiteful articles and internet sites for motor-bikers on how to save money on insurance. If you found this article useful you might also want to visit his newest website Motorcycle Insurance Quotes where you can learn more about buying Motor Bike Insurance
categories: motorcycle insurance,motorcycles,motor bike,motorbike,insurance,automobiles,cars,hobbies,sports,recreation,outdoors,saving money
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