If you’ve checked into motorcycle insurance quotes, you know that motorcycle insurance can be quite expensive. As with auto insurance, any insurance quote that you receive will take into account such factors as the type of motorcycle you own, age, location, and driving record. Some of those factors are irreversible. However, the Insurance Information Institute recommends a few tips you can follow to lower your rate:
- Complete a training course such as the Motorcycle Safety Foundation rider course. If you’ve already had an accident or are under the age of 25 (and therefore viewed as a higher risk to insurance companies), this is an especially good idea and can save you anywhere between 10% and 15%.
- When you request a free insurance quote, find out if the insuring organization offers a multi-bike discount.
- A discount may also be available if you are a member of a motorcycle organization.
- Consider a “lay-up” policy if you live in a state where riding is not possible in the colder winter months. A lay-up policy will suspend all coverage except comprehensive coverage during this time.
- Maintain a clean driving record. Just like with auto insurance, a clean record will help reduce your premiums as much as possible.
- Be sure to get several quotes to compare rates and coverage. Bear in mind that the cheapest premiums may not offer the level of coverage that you need.