subject: Top 10 Ways To Lower Your Bike Insurance [print this page] If you own a bike, you already know how important it is to make sure that your bike is well maintained and running well. You also know how important it is to protect your bike with a good bike insurance policy. What you may not know is how to make sure that you get the most bang for your buck from your motorcycle insurance. So, we have put together a list of ten helpful tips to lower your bike insurance cost.
1. Shop around occasionally - as with any purchase, it is always smart to do a price comparison every now and then to make sure you are getting the best possible deal. Often times, discounts or special offers will come up, and if you are in the right place at the right time, you might just get yourself a nice little cut in the amount of your current premiums.
2. Get a broker's help - someone that knows the ins and outs of the industry can act as your personal guide to finding lower rates and making any necessary adjustments to your existing policy. It is possible that by trimming a little fat from your policy, you may be able to trim a little fat from your bill.
3. Cut down risk factors - check around at a few stores and get an alarm for your bike. When you put forth the effort to provide a greater level of security for your bike, the insurance company may reward your proactive move with a discount. As the chance of them having to pay for a stolen bike is decreased, so will your premiums. If you are less of a risk to them they will offer you lower rates.
4. Trade up gradually with your skill level - if you are currently riding a relatively small and modest bike, don't immediately jump up to that super road hog or that speed demon. Your insurer might see these moves as you taking on a bit more than you are accustomed to, thus presenting you as a higher risk client. If you are a higher risk, obviously discounts will be very hard to come by. If you trade up on bike sizes and power slowly you give yourself and your motorbike insurance company time to get adjusted to the new bike.
5. Keep it garaged or locked up - one of the best ways to lower your insurance (as mentioned above) is to let the insurance company know that you are serious about decreasing their degree of risk, and serious about protecting your property. Keeping your bike garaged will help protect it from the elements as well as those who might try to abscond with it.
6. Get discounts where possible - if you happen to own more than one bike, you are in luck. Bike insurance companies will give nice discounts to multiple covers. You will get cheaper rates than if you had both bikes insured by separate companies, and the motorcycle insurance company will get an extra vehicle on its roster - creating a true win-win for all concerned.
7. Pay each year's premium in advance
by: Neil M Roberts
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