5 Money-Saving Tips For Your Motorcycle Insurance

Insurance Blog

Motorcycles are dangerous and easily damaged if they're involved in an accident. This makes motorcycle insurance costly. If you're struggling to make your motorcycle insurance more affordable, here are some important tips for lowering the cost of your insurance.

Safety Certifications

Getting your motorcycle license isn't always enough. You may need to get your safety certification, too. This can be done by taking certified motorcycle safety courses. These courses are inexpensive and only last for a couple of days. During the course, experts will teach you tips for riding your motorcycle more safely. It doesn't matter how good of a driver you are, the cars on the road can be a motorcycle's biggest threat. The safety course will teach you how to co-exist with these cars in the safest manner.

Join a Motorcycle Club

Joining a motorcycle club is another way to save money on insurance. A lot of people think a motorcycle club is a dangerous biker gang full of illegal activity. However, there are many legitimate motorcycle clubs around the country that bring like-minded motorcycle enthusiasts together. The 99 percenter motorcycle clubs are the clubs that comprise law-abiding citizens. It's the 1 percenter clubs that are known as the outlaw clubs.

Buy a Bundle

Most insurance companies will offer discounts for bundling your insurance. When you purchase your motorcycle insurance, make sure you add it with your car insurance and any other insurance policies you may have. If you use several different insurance companies, you could wind up paying extra.

Pay Premiums in Full

When you get a quote on your premium, it's much less expensive if you pay it all at once. For example, your full six-month premium might be $150. However, if you choose the monthly payment option, it might cost you $30 per month. Once you have paid your monthly bill for six months, that equals $180. That $30 is an extra $60 each year that you could be saving. If you spend $20 years riding a motorcycle in your lifetime, that's a lifetime savings of $1,200.

Increase Your Deductible

Your deductible needs to be affordable. Insurance doesn't do you any good if you can't afford to pay the deductible and make your claim. However, you should raise it as much as you can afford to if you're trying to keep your premiums low.

Motorcycle insurance can be pricey, but it is possible to lower the cost so it becomes affordable for you. Make sure you get your safety training, get bundle discounts, and pay your premiums in full to get the most for your money.

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