subject: 5 Secrets To Saving On Your Motorcycle Insurance Premiums [print this page] Insurance for your motorcycle is something you can't afford to overlook. If you are in an accident, you cause an accident, or even if your motorcycle is stolen, your insurance can kick in to protect you.
Depending on the cover that you choose, your insurance can cover medical costs, damages to the vehicle, damages to other parties, and more. Of course, you may be worried about what this is going to cost you. Well, here are five great secrets that you can use to help you save on the premiums you pay for insurance on your motorbike.
1. Look for hidden discounts:
The first secret that can help you save on your motorcycle insurance premiums is to look for hidden discounts. There are some companies that may not outright offer you discounts, but with a bit of looking or if you ask, there are a variety of discounts that you may be eligible for. Check to see what discounts are available and see if you meet the requirements. If so, those hidden discounts can end up saving a whole lot of money on the insurance that you need.
2. Keep your credit looking good:
Another secret to keep in mind is that to save, you need to keep your credit looking good. Although you may not realise it, credit can even affect what you are paying on insurance for that motorbike. Companies feel that a low credit score shows that you can be a higher risk, so they'll charge you more. For a better rate, improving credit can make a big difference. Stay on top of your credit to ensure there are no mistakes and that it is in good shape, you'll save on more than just your insurance rates.
3. Choose a higher voluntary excess:
Choosing a higher voluntary excess is yet another secret that can help you to save on the motorcycle insurance premiums. The voluntary excess is the amount that you agree to pay before your policy kicks in when you make a claim. While this can save you on your rates, it will cost you more if you make a claim. Ensure you can afford this amount before increasing the excess. However, if you can afford it, it can lead to a hefty savings.
4. Don't go sporty:
Don't go sporty with the motorbike you choose unless you are prepared to pay high premiums for your insurance. These bikes are high risk bikes according to insurance companies, so you can expect to pay a lot more. If you are in the market for a motorbike, do some research to find out what it will cost you in insurance before buying. In many cases, a basic bike will provide you with what you need and you won't have to pay so much to insure it.
5. Research is the king of savings:
Of course, research is the king of savings. With just a bit of research on your part using the web, you can end up really saving a lot of money on your motorcycle insurance. Companies offer different rates and different levels of cover. Features can vary from company to company as well. To find the best policy while saving money, take the time to research thoroughly before you decide to buy.
by: Tom Jones
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