For many, there is nothing more exhilarating than cruising down the highway on a motorcycle. Whether a motorcycle is a primary means of transportation or simply a weekend excursion cruiser, all riders need insurance. However, finding affordable motorcycle insurance is often a challenge.
Like any other insurance policy, one of the best ways a rider can ensure they’re getting the best policy possible, for the most affordable price is to shop around. It wasn’t so long ago that ’shopping around’ meant getting out the Yellow Pages and calling insurance agents, one at a time, to discover the best price. Nowadays, comparing policies and premiums is as easy as a few keystrokes.
Motorcycle drivers can find insurance quotes online from most insurance company websites. In fact, many insurance companies even offer instant coverage allowing the rider to print out their insurance documents right at home — no need to wait for the mail or visit an office. Or, when drivers want to make certain they’ve gotten the most affordable motorcycle insurance possible, there are several websites that will allow riders to get quotes and compare multiple policies and premiums by submitting their information just to one site. These websites are free and can give riders multiple quotes in just a few minutes.
The age of the driver is an important factor in premium cost, for motorcycle insurance. Of course, there’s not much a driver can do about their age. However, there is something they can do about their driving record.
Keeping a clean driving record will also help motorcycle drivers get the most affordable insurance possible. Even one ticket can significantly affect the premiums motorcycle enthusiasts pay. Although coverage will still be possible, in most cases, drivers with blemishes on their driving record will pay more, since they’re a higher risk. The driver’s credit score too can impact the amount of premium paid. Again, this goes along with the risk the insurance company believes they are taking on insuring someone with poor credit history.
Of course, the type of motorcycle that is to be insured is one of the factors that impact insurance premiums the most. To get the most affordable insurance possible, motorcyclists should stay away from high-powered race bikes and motorcycles that are extremely expensive. High speeds and more expensive to fix and/or replace equal more risk to insurance companies that they have to offset with higher premiums.
Again, just as with automobile insurance, motorcyclists looking for affordable insurance need to make sure they’re getting all of the discounts they deserve from their insurer. Multi-vehicle discounts, good student discounts, home policy discounts, and more can add up to big savings. Although most insurance agents will automatically factor these discounts in, it’s always wise to ask and make sure.
Lastly, insuring the motorcycle for only part of the year is another great way to save money on motorcycle insurance. In most regions, riding a motorcycle year round simply isn’t feasible. Why insure it year round then? Dropping non-essential coverage — such as collision (one of the larger portions of the premium) — during the months that the motorcycle will be out of use, can save hundreds of dollars a year. Of course, keeping non-use coverage — such as theft — all year long will protect the bike from incident when it’s not being ridden.
Although getting the most cost effective motorcycle insurance is often top priority for motorcycle enthusiasts, it’s important that riders look at the whole policies being offered when making this important decision. A cheap motorcycle insurance policy isn’t worth the paper it’s written on, if it doesn’t cover what the rider needs covered. Cost effect insurance will balance premium cost with benefits, ensuring the motorcylce rider is neither over insured or under insured.
Tags: affordable insurance, insurance agents, insurance companies, insurance company, insurance policy, motorcycle drivers, motorcycle insurance
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