You Will Save A Bundle On Motorbike Insurance -- Here's How
If you are in the market for motorcycle insurance here are four ways you can save a significant amount of money when you talk to your insurance agent or company. Learning to think like an insurance company you can do nice things for your pocketbook.
1. Experience and age of the driver -- of course you can't make yourself any older or instantly change your driving record but be aware that these are major factors in the rate calculation. The more driving experience and the fewer accidents on your record the better you will do with insurance companies.
Education can also help. Many insurance companies will give credit for the completion of a motorcycle safety class. Drivers of any age can take advantage of this and lower their insurance bill.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
If you are a younger first-time biker you can significantly reduce your insurance costs by buying an older, lower powered and less expensive bike. Conversely newer model and higher powered or racing bikes naturally have higher replacement and accident risks and therefore higher insurance costs.
3. Storage and security -- store your bike in a secure area and the insurance company will take notice. You will typically get lower rates if the bike is stored in a locked garage as opposed to outside on the street, for example.
Similarly if you have an immobilizing device or other security device like LoJack on your bike you will score points with your insurance company. You can purchase and install an effective bike immobilizer device for less than $100.
4. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Insuring extra passengers is expensive. So you can save money if you ride solo, or only carry passengers infrequently. Make sure your passengers have the same coverage as you and also wear safety equipment. The majority of lawsuits for biker accidents actually come from their passengers.
Once you have bought your bike a number of these factors are pretty much locked in. So it's worth your while to think about this before you buy and or when you are changing bikes. You can save yourself a lot of money in your insurance bill if you take these factors into consideration. - 21392
1. Experience and age of the driver -- of course you can't make yourself any older or instantly change your driving record but be aware that these are major factors in the rate calculation. The more driving experience and the fewer accidents on your record the better you will do with insurance companies.
Education can also help. Many insurance companies will give credit for the completion of a motorcycle safety class. Drivers of any age can take advantage of this and lower their insurance bill.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
If you are a younger first-time biker you can significantly reduce your insurance costs by buying an older, lower powered and less expensive bike. Conversely newer model and higher powered or racing bikes naturally have higher replacement and accident risks and therefore higher insurance costs.
3. Storage and security -- store your bike in a secure area and the insurance company will take notice. You will typically get lower rates if the bike is stored in a locked garage as opposed to outside on the street, for example.
Similarly if you have an immobilizing device or other security device like LoJack on your bike you will score points with your insurance company. You can purchase and install an effective bike immobilizer device for less than $100.
4. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Insuring extra passengers is expensive. So you can save money if you ride solo, or only carry passengers infrequently. Make sure your passengers have the same coverage as you and also wear safety equipment. The majority of lawsuits for biker accidents actually come from their passengers.
Once you have bought your bike a number of these factors are pretty much locked in. So it's worth your while to think about this before you buy and or when you are changing bikes. You can save yourself a lot of money in your insurance bill if you take these factors into consideration. - 21392
About the Author:
Dan Danmenn enjoys writing helpful articles and sites for motor-bikers on how to save money on insurance. If you found this article useful you might also want to visit his newest website Motorcycle-Insurance-Quotes.org where you can learn more about buying Motor Bike Insurance
posted by X - Men @ 6:56 AM
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