So you’ve caught the bug and decided to buy yourself a motorcycle. You must ensure your safety because two-wheelers are more prone to accidents. You also want to ensure your investment is safeguarded in case of an accident. This includes looking into motorbike insurance to protect your new ride.
Here are the five most effective ways to save money on motorbike insurance.
Size Do Matter
When looking for a motorbike, keep in mind that the size of the bike you intend to ride will have a significant impact on your insurance premiums. The more cubic centimeters your motorcycle has, the more raw power you have to travel quicker and for a more extended period. Insurance companies evaluate this risk as part of determining how much to charge you.
Raise Your Deductible
The deductible, like auto insurance, is one of the simplest methods to save money on motorbike insurance prices. Experts recommend increasing the typical $500 deductible included with many insurances to $1,000. While that is double the money out of your pocket in the event of an accident, it could significantly cut your monthly insurance prices.
Obtain Training and Certification
It sounds simple enough, but if you want to save money on your motorbike insurance, consider attending a motorcycle safety class, whether you’re a newbie or an experienced rider. These seminars are reasonably priced and need a weekend or two of your time. Most insurance companies provide discounts to riders who complete these safety courses because they believe you’ll be much better able to deal with the hazards of the open road.
Discount from Clubs
This is not the same as joining a motorcycle gang like the Hell’s Angels. However, many respectable riding clubs, such as the Harley Owners Group or the Honda Riders Club of America, are an excellent source of information regarding motorcycle insurance reductions and adding to your entire riding experience.
Because not all insurance companies are the same, you should check with your insurer to see if they give a discount for the organization you’re considering before joining. Although these discounts vary, they are typically in the 10% area.
Bundle Your Insurance
One of the most exemplary cases is if your insurance company also covers your other home or recreational vehicles. Not only will they most likely provide motorcycle insurance, but they will also typically provide insurance bundle discounts if you acquire many plans from them.
Although it never hurts to check around, bundling an additional policy into your existing coverage should result in significant savings on your motorbike or home insurance.
Family Financial Insurance Group Can Help
Looking to get insurance for your vehicle? Contact our agents here at Family Financial Insurance Group and let us assist you in locating the best motorcycle insurance at the most affordable rates. We will work hard to ensure that you have good insurance and receive all of the suitable discounts.