Getting the best motorcycle insurance in Austin is much like getting good insurance rates for any other vehicle. However, motorcycle owners do have some special factors to consider. In all cases, check your state's minimum requirements (every state has different insurance laws).
General guidelines for getting the best rates
One of the best ways for anyone to get the lowest possible rates for motorcycle insurance in Texas is to keep your credit score in good shape. As insurers see it, if you are careful with your finances, you are probably careful in other areas of your life. If you are careless with your finances, you may be careless in aspects of your life, including how you drive.
Along these same lines, insurers look at your driving record in determining your premium charges. Drivers who are accident free and do not get frequent traffic citations generally enjoy lower premiums on motorcycle insurance.
High performance and luxury motorcycles mean high premiums. Theses bikes cost more to repair or replace following an accident. Exotic motorcycles may also be more tempting to thieves! At the same time, insurance companies know high performance motorcycles are more likely to be ridden by somebody who enjoys the thrill of high speeds verses somebody who purchases a cruiser. Therefore, you may see that a more valuable cruiser's insurance is less expensive than a less valuable sports motorcycle's insurance.
If possible, stick with one company for all your insurance coverage. Most companies offer discounts based on total coverage. If you insure your car, house and boat with one company, most likely you are saving money on all your coverage. If you have insurance on a car or home, check with that company to see if you qualify for a lower rate on your motorcycle. This does not mean that company who insurance your home and auto will have the best rate, but it would be a good idea to get a quote with them and a few other insurance companies.
If you are financing your motorcycle, you will have to carry enough insurance to cover the full amount of the loan. If you are paying cash for your motorcycle, you may decide you only need the minimum amount of insurance required by law.
As with other insurance, the higher your deductible, the lower your premium. Maybe you can comfortably handle a high deductible. However, if a high deductible will strain your budget if you have an accident, you might want to choose a low deductible and buy yourself some peace of mind. Watch out, if you are financing your motorcycle, your bank may require you carry a certain deductible, so make sure your deductible is lower that what your bank requires.
Specific ways to reduce motorcycle insurance rates
Taking a motorcycle safe driving class will lower your premiums to some extent. Check out motorcycle clubs for a driving class and get an estimate of how much you will save.
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