Motorcycles are a great way to cut transportation costs. Money can be saved on both gas and insurance. Typically
motorcycle insurance is cheaper than
car insurance. Take it to the next level with these savings tips for getting the cheapest motorcycle insurance.
Take a Safety Course
Motorcycles can be difficult to handle and require constant focus. Taking a certified safety course proves your commitment to safe driving. The more comfortable you are on your bike the better driver you will be. Insurance companies recognize your dedication by offering a safety course discount.Become a Member of a Riding Association
A discount is available on
motorcycle insurance for members of a riding association.
Lots of associations are available and have several benefits. Usually for a low annual fee, memberships offer you discounts at some suppliers and rallies and a magazine subscription. Being an active motorcycle enthusiast makes you a more experienced rider, garnering you a lower insurance rate.
Anti Theft Device Discount
Motorcycle theft is not uncommon. Over 50,000 bikes are stolen annually according to the
National Insurance Crime Bureau.
Comprehensive can be an expensive portion of your insurance premium. Having an anti theft device discount will help you get the cheapest motorcycle insurance possible.
Good Driver Discount
Good drivers are always rewarded when it comes to insurance premiums. Not only do you avoid ticket
surcharges but you receive a good driver discount, reducing your overall costs. Keep your
driving record clean to get the best insurance rates.
Homeowner Discount
Homeowner's get discounts on both motorcycle and auto policies because homeowner's often have stability. Insurance companies are looking for clients with stability since studies have proven stable clients have less claims.The multi policy discount is available on most motorcycle policies and is usually coincides with your
auto insurance. Check with your car
insurance carrier to see if motorcycle coverage is available. The multi policy discount is one of the largest discounts available on any insurance policy.
Always insure multiple motorcycles with the same insurance carrier. The discount is well worth it and it just does not make sense to separate insurance carriers from a billing standpoint and a savings standpoint.
Claims Free Discount
It only seems fair that a claims free driver should pay less than a driver who has filed claims. Different insurance carriers have different specifications to receive the discount; however, usually you'll need 2 to 3 years of no claims to qualify for the discount.Paid in Full Discount
Always go for the paid in full option if it is available as a discount. Not only will you save with the discount, but clients that pay through the mail are usually charged additional payment fees.Speak with your fellow bike riders to get a feel for if your insurance rate is on the high side. It is nearly impossible to compare apples to apples with a buddy's policy, but it will at least put you in the ball park. Start with your auto provider to receive a multi policy discount, but you should extend your search to include other carriers. Some insurance companies specialize in motorcycle insurance and offer rates that are difficult to beat even when compared against a multi policy discount.
Getting the cheapest motorcycle insurance takes persistence but is fairly easy to obtain. Go the extra mile and take a safety course. Invest in an anti theft device for your peace of mind and a discount on your motorcycle insurance. Be aware of all the discounts available to you, and find out if you qualify. Do your homework, and take the time to shop around. Take advantage of all these tips to maximize your savings on motorcycle insurance.
