When you have a motorcycle, one of the most surprising things for bike owners is the cost of their insurance. While most motorcycles can carry one or maybe two people, you will be paying more in coverage than most cars that carry 3-5 people. Motorcycle insurance is expensive for a lot of reasons, including the lack of protection a motorcycle offers compared to a car in an accident. If you are one of the people who has a lot of motorcycle insurance costs, here are a few things that you can do to get more reasonable rates:
1. Look at your current insurance company first. Your existing car or home insurance company is a great place to start when looking for motorcycle insurance. They will often present you with a better deal (especially if you’ve been with them for a reasonable period of time) and can even look at bundling discounts, which can help you pay less.
2. Shop around for deals. While you should start with your existing insurance company, that doesn’t mean you have to finish there! Ask around for quotes regarding your motorcycle insurance coverage to find the best rates.
3. Ask about discounts. There are many reasons why you might get a motorcycle insurance discount, and some may surprise you. Sometimes you can get discounts for being an experienced rider, and other times you can get a discount for paying all of your premium at once instead of making multiple payments. Don’t be afraid to ask about potential discounts. There are also motorcycle safety classes that many insurance companies will give you a discount for attending.
4. Join the club! Many motorcycle insurance providers will get group discounts if you are part of a motorcycle club. Look into clubs in your area to see if they have discount options.
For more advice on how to save on motorcycle insurance, please contact us today!