subject: 8 Ways To Lower Your Motorcycle Insurance [print this page] Do you feel that you're paying too much on motorcycle cover? If so, then you can take some basic yet effective steps to lower your premiums for motorbike cover.
Here are some helpful tips to get it done:
1. Buy a smaller bike.
You might be surprised to learn that the size of your motorcycle's engine can be a major factor in determining your premiums for bike cover. So if you don't need a bike with an enormous amount of horsepower, then consider switching to a smaller bike.
2. Learn about discounts.
Insurers of motorcycles usually offer various types of discounts. This can include safe-driver discounts, multiple-motorcycle (on one policy) discounts, low-mileage discounts, and motorcycle organization members discounts. These discounts can add up quickly, and help you to save on motor bike cover.
3. Buy a used bike.
Just as owning a used car requires less cover than owning a new one, the same rule applies with motorcycles. If you're worried about potential mechanical problems that could be caused by purchasing a used motorcycle, then consider buying a 'used' (almost new) one instead. You'll still be able to save substantially on your motorcycle cover.
4. Drive safely.
As easy as this step sounds, doing tricks or speeding on a motorcycle can be quite tempting. However, take some time to consider the consequences of such actions. Not only could you injure yourself and damage your bike, but others around you could experience the same results.
5. Change your policy or insurer.
This is one of the easiest yet most effective ways to reduce your motorcycle cover premiums.
6. Get rid of cover that you don't need.
After reviewing your current cover for motorcycle insurance, you might determine that you need fewer insurance products, or less cover for those products. In particular, be wary of different motorcycle cover products that are bundled. While the discounted price tag might seem inviting, you may be spending less for cover that you don't need. Instead, perform a needs-analysis to determine exactly how much cover you require.
7. Take a motorcycle safety course.
Many insurers provide discounts for bikers who have completed such courses. While driving defensively is one of the keys to operating a motorcycle safely, too few of us do it. So consider completing such courses, since it could significantly lower your motorcycle cover costs.
8. Lower your voluntary excess.
This is one of the easiest yet effective ways to pay less for motorbike insurance. However, you should be cautious when taking this step. It's a wise short-term option if you need to lower your premiums. However, keep in mind that your out-of-pocket expenses will be higher if you need to file any claims. And those expenses could be enormous, due to property damage or injuries that could result from your driving. So consider this option carefully before deciding to lower your voluntary excess.
If you're paying too much for motorcycle insurance, then consider these tips. By following them, you can potentially reduce your motorcycle cover premiums faster than it takes to cover a country road on your bike!
by: Christopher Reinhold
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