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Ways to Save Money on Motorcycle Insurance

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 | May 15, 2015

Fixing your motorcycle can be expensive, so can medical bills. For this reason, you should never consider driving your motorcycle without proper insurance. Furthermore, most states consider driving a motorcycle without insurance to be illegal.

The unfortunate truth is that a lot of motorcycle owners and drivers hesitate to get their bikes insured. They consider it to not be as important as insuring an actual car or they just see the insurance as more than they can afford.

Here are some tips that can make your motorcycle insurance a little less expensive

Look For Discounts

Are you someone who doesn’t take your motorcycle out for a drive more than a couple of times a month? Maybe you are someone who only rides it when the weather is nice? Some insurance providers will offer discounts and policies that are referred to as occasional driver discounts. These are discounts for drivers who only use their motorcycles on a few occasions.

Exclude Someone From Your Policy

Do you have someone in your household who has a crummy driving record? Don’t include them on your policy. Their crummy record will cause your motorcycle insurance rate to be a lot higher than it would if they were not on it with you.

Avoid Small Claims

You don’t have to make a claim with your insurance every time something happens to your bike that wasn’t your fault. Save the claims for your insurance provider when you experience a substantial loss. This way, you do not have to worry about getting denied when you really need the financial support because you already filed a claim for something senseless and inexpensive a couple of months ago.

Insurance providers do not like clients who file multiple claims in a year. The general rule of thumb is that you should only be filing a single claim in a year. If you file more than that, your insurance provider could decide that they have no interest in renewing your policy with them because of it.

Just Ride Alone

You don’t have to let someone ride on your motorcycle with you. If you just ride your motorcycle by yourself, you don’t need the passenger liability coverage. Keep in mind that not getting this coverage means that you should not be letting other people ride your bike, ever.

You could get in trouble for letting passengers ride on a bike that doesn’t have passenger coverage on it.

Maintain a Healthy Credit Score and Driving Record

Whether you want to admit it or not, your credit score and your driving record will both affect your motorcycle insurance rate. Obviously, you cannot go back in time and stop yourself from making unwise mistakes while you were driving. You can however, prevent yourself from making more unwise mistakes.

You should also check your driving record and your credit history for any mistakes. It is not uncommon for things to end up on your record by accident. Getting these blemishes removed could make a slight difference in the rate that you end up paying for your motorcycle policy.

When you are trying to find affordable motorcycle insurance, it is important to make sure you do your homework and shop around. Never agree to get the first insurance you come across, because you have no idea whether or not it is going to work for you. You also cannot possibly know whether or not it is the best deal if you have not taken the time to look around.

You need to sit down and decide what kind of coverage you need for your motorcycle as well. This will make all the difference in the world when it comes to finding the most affordable options.

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