A lot of your hard-earned money can go toward motorcycle insurance each year. This article will tell you 8 different ways to save money on your motorcycle insurance. Over time, the money you save might add up to quite a bit, so it is usually worth the effort. So, here are some ways to save money on your motorcycle insurance:
First of all, if you haven't bought your motorcycle yet, you can lower your insurance costs from the start by getting quotes for several different motorcycles you're thinking about. This will help you find a motorcycle that has lower insurance costs. This is because the amount you pay for motorcycle insurance can vary a lot depending on the type and model of bike you choose. Doing your research before buying a motorcycle also keeps you from buying a bike whose insurance you can't afford.
When deciding how much of an excess you want on your motorcycle insurance policy, it's best to choose as high of an excess as you can afford to pay if you have to make a claim, since the higher your excess, the less you pay.
If the bike you want to insure is old or not worth much, you can save money by choosing third-party fire and theft insurance instead of comprehensive insurance.
Some insurance companies use your credit history to decide how much your insurance premium will be, so keep your credit history clean, which is a good thing to do anyway.
It's always a good idea to look at different insurance companies to find the best deal. If you buy online, you may also get a discount.
If you can, don't add a young rider to your insurance policy, and limit the number of riders on your policy. You'll pay the least for insurance if you're the only one on it.
You should only put "guest passenger liability" on your policy if you actually let other people ride on the back of your bike. If you always ride alone, you can lower your insurance by not having the liability for a guest passenger. But you should know that you can't have a guest rider on the back of your bike in this situation because you won't be covered.
Finally, it's a good idea to only file a claim when it's a big one. If you don't file small claims, your future insurance rates will be lower.