If you are a motorcycle owner and rider, you most likely have motorcycle insurance. If you don’t have insurance, you are exposing yourself to fines should you be caught. Going without insurance on your motorcycle as a way to save money is not very smart. Insurance is required as a way of keeping you and other drivers safe. But there are ways that you can still have motorcycle insurance and save money, here are a few.
Most people can assume that the more costly, rare, powerful and well equipped the motorcycle is, the more it will cost to insure it. But even if your motorcycle falls within one of those categories, there are still ways you can save money on your insurance.
Some people only ride their bikes for fun and when the weather is nice. For these kinds of riders there may be low mileage discounts available. If you only ride your bike on the weekends or just part of the year, check with your insurance company, there may be discounts available.
An insurance policy is much like any other thing you buy. If you are willing to pay for an entire year’s coverage up front, some insurance companies will give you a break. Look for additional discounts that may be available for paying the whole year up front.
As with cars, there are security devices that can be added to. or may come as standard equipment with your bike. Having a security device on your motorcycle might save you up to 10 percent on your motorcycle insurance.
Where you park your motorcycle can also influence what you pay for insurance. If you park your bike in a secure garage every night, your insurance company will offer you a lower rate in case of theft.
Finally, being a safe rider will always get you a better insurance rate. Take the time and enroll in a motorcycle safety class.
