One of the factors that make many shy away from getting themselves a good bike is the insurance coverage required. In addition to the car insurance, home and life insurance that you may have, adding another to the bundle seems like extra weight to most people.
The best news ever is that there is cheap insurance available. The insurance agents will not advertise it you but there are many ways to get those monthly premiums significantly lowered.
1. Looking for insurance before getting a bike
One mistake that most bikers make is getting the bike before they get the insurance. Others argue it is all the same. This is not a case of the chicken or the egg, it is definite that getting insurance before the bike is the order of things.
When you get talking to the insurance company about motorcycle insurance, you get to know of the options before, know the cheaper solutions, and not get surprised afterward.
You buy your bike according to your insurance and this way; you did not go bankrupt trying to buy insurance later on. When getting a bike, consider the insurance as well to know the total cost and if it fits your pocket.
2. Get a good but low-cost brand
Know that the superior the engine, the rarer the make, and the more exotic the brand is, the higher you are likely to pay for insurance. You will find this out if you carry out step one. When bike shopping, ask yourself, “why do I need the bike?” No need to buy a racing bike when all you need is a simple one to get you through the traffic.
(Photo credits: teliko82)
It may be tempting to get the fiery looking shiner bike but is it really worth it if it's in the garage all day.
3. Keep to the minimum coverage
When buying your coverage, be keen on what you buy. Some people end up paying for items they do not need. After you have fulfilled the liability coverage required by law, the rest might as well as be additional. Get them only if you are sure you need them. You lower your premiums by getting only the essentials.
4. Get the bundled insurance
A great way to lower those rates is giving all your insurance needs to the same company. This way your details are in one area and you benefit from the discount given to those who have multiple insurances. Get your car, home, and life policy insured under one roof.
This means you have to be keen on the overall policy of the company you choose to get a good deal. Some may have a great motorbike deal but their home or life insurance is not ideal. Research well or use a broker to get an all-rounded company.
5. Get certified training
No matter how good a rider you are, ensure that you are trained.
The point of the training is to enhance your skills and get you a recognized certificate. Your premiums are lowered when you have more skill, more years of experience and are certified. For the insurance company, all these translate to less risk.
6. Keep your bike in the best shape
Ensure you keep your bike regularly serviced and in the best of condition possible.
(Photo credits: mikecogh)
This way, over the years, you can negotiate for fewer premiums in a month. After a few years of coverage, go for renewal since your bike has aged, and is in top condition.
A reduction in your risk ratio lowers premiums. Add also that you have bike safety training, you have an anti-theft device installed and you keep it in the garage when not in use. Take photos to back up your case.
7. Comparison shopping online works
Motorbike insurance should not be a hurdle for you. Make it easier to get by shopping online and comparing different service providers. Most online companies offer cheaper rates than those agents who will come knocking at your door.
Online shopping also enables you to compare different companies easily. The comparison helps you to compare prices and the quality of coverage as well. Seeing the difference in different companies opens your eyes to the possibilities for your bike.
At the end of the day, ensure you are insured, pay the insurance on time, and enjoy your bike to the fullest but safely!
Getting the best free online motorcycle insurance quote
It is a good idea to find out how much you have to pay for your motorcycle insurance before you actually buy the motorcycle.
This will put you in a more informed position to select the coverage that is best for you based on your particular set of circumstances. You should be able to get a free online motorcycle insurance quote to help you decide which coverage options you should select.
It is obviously very important that you deal with the purchase of adequate coverage for your motorcycle so that you can be protected against any unforeseen accidents or emergencies. It is widely recognized that motorcycles are more dangerous than automobiles for a number of reasons.
The fact that a motorcycle is usually the smallest vehicle on the road makes it difficult for other motorists to see you when you are riding your bike.
Once you begin the process of selecting a free online motorcycle insurance quote you will have to supply specific information about your motorcycles.
Before you begin the process it is important to understand how an insurance company will evaluate the information that you supply. This will put you in a position to get the best free online motorcycle insurance quote.
The first thing that the insurance company will want to understand is how long you have been riding motorcycles.
The insurance company wants to be confident that you have the skill necessary to operate and maintain your motorcycle without any problems.
In general, the more experience you have with riding motorcycles the lower your free online motorcycle insurance quotes will be.
It is also important to buy a bike that is appropriate for your level of experience. Thus if you are buying your first motorcycle you should concentrate on finding a bike that is appropriate for your experience level.
When you supply the insurance company with information about the specific bike which you are planning to purchase they will immediately know if you are buying a motorcycle that is consistent with your skill level.
If the insurance company thinks that you are buying the wrong bike for your skill level you will be charged a higher rate for your motorcycle insurance coverage. This will be reflected in the free online motorcycle insurance quote that you receive.
You will need to take your time and compare and contrast the different motorcycles that are within your skill level.
You should make a list of the advantages and disadvantages of each option as well as the possible implications of the cost of motorcycle insurance. You can get valuable information from the dealership about the type of motorcycle that will be best for you.
You should also do some research about the safety features that are included with the motorcycles you are considering.
The fact that the motorcycle has state of the art safety features will help you to get a reasonable free online motorcycles insurance quote. You should also concentrate on getting more than one free online motorcycle insurance quote.
Finding Cheap Motorcycle Insurance Coverage
Motorcycles are becoming more popular as a transpiration option as gas prices continue to rise. Commuters everywhere are beginning to realize that buying a motorcycle is a more economical option when compared to purchasing an automobile.
This also means that there is an increase in the number of people who are interested in purchasing cheap motorcycle insurance.
Parking in Garage
The first tip that will help you to find cheap motorcycle insurance is that you should park your bike in the garage. Providing that there is enough room in your garage you should definitely park your motorcycle in the garage since it will have an impact on decreasing the cost of your motorcycle insurance policy.
The insurance company will actually give you a better rate because they know that your bike is locked safely in your garage. This is because having your bike locked in the garage will reduce the threat of vandalism. This will help you to get cheap motorcycle insurance.
Add Your Bike To Your Car Insurance Policy
Another tip that will help you get cheap motorcycle insurance will be for you to add your bike to your car insurance policy. Thus if you already own a vehicle, you merely need to ask your insurance agent to provide you with a quote for motorcycle insurance.
This will help you to get cheap motorcycle insurance since most insurance companies will offer you a discount if you insure more than one vehicle.
You should always find out the cost of insurance before you actually purchase your motorcycle. This is especially true since some motorcycles are more expensive to insure than others.
The difference is because some motorcycles are more elaborate than other thus leading to a higher insurance rate.
However, if you are only interested in using your motorcycle as transportation, you do not need to purchase any elaborate features for your bike. This will help you to purchase cheap motorcycle insurance.
You should also try to restrict the number of miles that you ride your motorcycle. The insurance company will give you a cheaper rate once they realize that you only ride your bike for a very limited number of miles each month. This will help you to purchase cheap motorcycle insurance.
Maintain Good Driving Record
You should also try your best to maintain a good driving record. In this regards, you should avoid getting any traffic ticket or fines. Once the insurance company knows that you are responsible they will decrease the rates for your motorcycle insurance policy.
Thus it is very important for you to demonstrate to the insurance companies that you are a responsible, law-abiding citizen. This will help you to get cheap motorcycle insurance.
It is very important for you to do your homework before you purchase a motorcycle insurance policy. Once you are familiar with the basic terms and rates that are offered from a cross-section of the insurance companies in your area you will be in a much better position to acquire cheap motorcycle insurance.