Riding a motorcycle is fun. Most people who own one ride for enjoyment, not as a means of transportation. The thrill of cruising down the highway, with the wind streaming past you, is something that can’t be equaled within the confines of a car or truck. It’s a sense of freedom. If you operate your motorcycle on public roads you will need to carry adequate insurance. It’s the law. Following are a few tips on how to save on motorcycle insurance.
Motorcycle Safety Course
Because a motorcycle is inherently dangerous, due to the fact that there are only two wheels and the machine must be balanced, getting a break on insurance costs can be difficult. One way to get a cheaper rate is by taking a motorcycle safety course. In some states, a course of this type is required in order to get a motorcycle operator’s license. There are a number of reasons to take a safety course, even if it’s not required by law. One of them is that operating your bike during the safety course will allow you to become familiar with its controls. You will get to know where they are and how the different controls affect the bike’s operation. It will also help you develop a sense of confidence that will come in handy when you take to the open road. By the time you receive your certificate, you’ll instinctively know the difference between grabbing the brake instead of the clutch if you need to stop quickly. Going through a motorcycle safety course will almost certainly help lower your insurance rates.
Seasonal Coverage for Seasonal Riders
Living in an area of the United States that has snow and cold weather for part of the year usually means that motorcyclists put their bikes away. Part of the reason for doing so is because riding a two-wheeled vehicle on ice and snow is conducive to falling over–although some riders do ride whenever the roads are clear, despite the cold. However, most riders store their bikes during the winter and insurance companies reward them by only charging seasonal rates. Seasonal rates vary according to your individual policy, but in most cases it goes by quarters–either 3 or 6 month layoffs apply. During this period, you should still maintain comprehensive coverage in case the bike is stolen.
Prices Vary According to Model
Motorcycle insurance rates vary quite a bit depending on the type of motorcycle you’re trying to insure. It also depends on how old the bike is. Sports bikes cost more to insure than a standard bike. New bikes cost more to insure than older bikes, unless they’re antiques. Touring bikes cost a lot to insure, but that’s because they’re more expensive machines. If you customize your bike, you can also expect to pay more for insurance. Hand in hand with the cost of insurance based on motorcycle type is your age. Because the majority of sports bike riders are young and relatively inexperienced, insurance rates are comparatively high. As you get older, you probably aren’t prone to taking the same chances as when you were younger, and the added experience that comes with decades of riding experience may translate into reduced insurance rates.
Keep Your Bike in a Garage
If you’re fortunate enough to own a garage where you can park your motorcycle at night, your insurance rates will be lower than if you have to park on the street. The reason for this is that there is a lot better chance of the bike being stolen if you park on the street. Your rates may be even lower if the garage is attached to house, and further discounts may apply if the home has a security system. You may even be eligible for reduce rates if you carry a chain with you and lock your bike up wherever you go. Be sure and let your insurance agent know of your personalized security precautions so you can enjoy the lower rates.
Shop for the Best Price
As with any other type of insurance, you should shop for the best price on motorcycle insurance. If you already have an insurance agent you should contact them and tell them you’re shopping for a good rate on motorcycle insurance. Make some calls to other agencies ahead of time and get a quote for comparison. You can do the same by going online and getting a few quotes. This will allow you to determine if your present agency is giving you their best rates. Be sure and ask for discounts, including a discount if you own more than one motorcycle. You may also be eligible for a discount if you’ve been with the company for a long time, or if you have other types of policies in effect, such as home, life, or auto insurance.
Guest post from Sydney Sommers. Sydney writes for MotorcycleInsurance.com.