Motorcycle Insurance -- 4 Keys on How To Cut Costs
The secret to getting the best deal on motorcycle insurance is not really a secret at all. Its just plain common sense. If you think like an insurance company you will quickly master the "secrets" and potentially save yourself a lot of money at the same time.
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.
Drivers of any age can make a difference in their rates by taking a motorcycle driving safety class. Not all insurance companies, but many will give credit for the successful completion of a certified safety class.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
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. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Be sure to cover your passengers with the same personal injury insurance that you have. Your insurance costs will be considerably less if you ride alone or only rarely have a passenger. But be aware that most lawsuits against bikers come from injured passengers, so don't skimp on their insurance.
If you have already purchased your bike some of the above factors are already set. But eventually you may buy another bike and over time your driving record will also change. Keep the above insurance secrets in mind, because a little common sense can go a long way to reducing your insurance bill. - 21396
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.
Drivers of any age can make a difference in their rates by taking a motorcycle driving safety class. Not all insurance companies, but many will give credit for the successful completion of a certified safety class.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
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. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Be sure to cover your passengers with the same personal injury insurance that you have. Your insurance costs will be considerably less if you ride alone or only rarely have a passenger. But be aware that most lawsuits against bikers come from injured passengers, so don't skimp on their insurance.
If you have already purchased your bike some of the above factors are already set. But eventually you may buy another bike and over time your driving record will also change. Keep the above insurance secrets in mind, because a little common sense can go a long way to reducing your insurance bill. - 21396
About the Author:
Dan Danmenn enjoys writing helpful reports and internet sites for motor-bikers on how to save money on insurance. If you learned something from this piece you might also enjoy his newest website Motorcycle Insurance Quotes where you can learn more about buying Motor Bike Insurance
posted by X - Men @ 4:03 AM
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