If you are in the market for motorcycle insurance here are four ways you can save a significant amount of money when you talk to your insurance agent or company. Learning to think like an insurance company you can do nice things for your pocketbook.
1. Driver age and experience -- You may not be able to change your age or driving experience but be aware that the older the driver of the bike and the more driving experience (in particular accident free experience) the lower your rates will be.
Education can also help. Many insurance companies will give credit for the completion of a motorcycle safety class. Drivers of any age can take advantage of this and lower their insurance bill.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
If you haven't purchased your bike yet and particularly if you're a first-time biker, consider getting an older, lower powered model to cut your teeth on. Newer bikes and bigger engines increase the cost of replacement and the risk of an accident, so insurance companies naturally charge more for these.
3. Storage and security -- store your bike in a secure area and the insurance company will take notice. You will typically get lower rates if the bike is stored in a locked garage as opposed to outside on the street, for example.
Similarly if you have an immobilizing device or other security device like LoJack on your bike you will score points with your insurance company. You can purchase and install an effective bike immobilizer device for less than $100.
4. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Be sure to cover your passengers with the same personal injury insurance that you have. Your insurance costs will be considerably less if you ride alone or only rarely have a passenger. But be aware that most lawsuits against bikers come from injured passengers, so don't skimp on their insurance.
If you have already purchased your bike some of the above factors are already set. But eventually you may buy another bike and over time your driving record will also change. Keep the above insurance secrets in mind, because a little common sense can go a long way to reducing your insurance bill. - 29969
1. Driver age and experience -- You may not be able to change your age or driving experience but be aware that the older the driver of the bike and the more driving experience (in particular accident free experience) the lower your rates will be.
Education can also help. Many insurance companies will give credit for the completion of a motorcycle safety class. Drivers of any age can take advantage of this and lower their insurance bill.
2. The cost and age of the motorcycle -- as with car insurance the more expensive the bike the higher the insurance premium. Bike modifications in particular can cause rates to increase significantly. Modifications can often double the cost of the bike and raise rates accordingly.
If you haven't purchased your bike yet and particularly if you're a first-time biker, consider getting an older, lower powered model to cut your teeth on. Newer bikes and bigger engines increase the cost of replacement and the risk of an accident, so insurance companies naturally charge more for these.
3. Storage and security -- store your bike in a secure area and the insurance company will take notice. You will typically get lower rates if the bike is stored in a locked garage as opposed to outside on the street, for example.
Similarly if you have an immobilizing device or other security device like LoJack on your bike you will score points with your insurance company. You can purchase and install an effective bike immobilizer device for less than $100.
4. Safety for drivers and passengers -- most if not all states require you to wear helmets these days. If you don't you can be sure the insurance company will charge you more simply because the risk of a serious accident is much higher. The company may also give rate reductions when you use other safety equipment. Check to find out.
Be sure to cover your passengers with the same personal injury insurance that you have. Your insurance costs will be considerably less if you ride alone or only rarely have a passenger. But be aware that most lawsuits against bikers come from injured passengers, so don't skimp on their insurance.
If you have already purchased your bike some of the above factors are already set. But eventually you may buy another bike and over time your driving record will also change. Keep the above insurance secrets in mind, because a little common sense can go a long way to reducing your insurance bill. - 29969
About the Author:
Dan Danmenn enjoys writing useful articles and sites for motor-bikers on how to save money on insurance. If you found this article useful you might also enjoy his newest website Motorcycle-Insurance-Quotes.org where you can learn more about buying Cheap Motorcycle Insurance
