Tuesday, 19 Mar 2013

What You Can Do to Save On Your Motorbike Insurance

There is no better feeling than hitting the open road on your motorcycle. Of course, this feels much better when you know you are covered by the proper type of insurance.

Despite the fact that some people continue to overpay for motorcycle insurance coverage, you don’t have to find yourself in the same position. Instead, there are steps you can take to save money.

While most people are familiar with the basics – such as increasing their excess – it is important to note that there are other little known ways to save on a motorcycle insurance policy.

Shopping around should be taken for granted, which is why it isn’t included in our list of three tips. In this internet age, there are many places where you can compare insurance deals to find the cheapest one for you. The search tool on Motorcycle News is a great place for start.

So, now that we’re ready to get started, here are three ideas to consider:

1. Join a motorcycle club. Did you know that members of some motorcycle clubs qualify for a discount on insurance? For example, you may want to think about joining the British Motorcyclists Federation for our UK readers or American Motorcyclist Association if you live in the USA.

Tip: before joining just any club, ask your insurer if there are some in particular that will qualify you for a discount.

2. Choose the right bike. Don’t have a motorcycle just yet? This is your chance to make a decision that will save you money now and in the future.

You don’t want your entire decision to be based on how much you will pay for insurance. That being said, it is important to note that some motorcycles cost more to insure than others. Sure, that sport bike that can hit a high speed may seem exciting now, but wait until you see how much you are going to pay for coverage.

Tip: before making a purchase, contact a motorcycle insurance company to receive a quote for several makes and models. This will give you a clear understanding of how much you will be spending on insurance upon making a purchase.

3. Full coverage is often times for fools. No matter what, you need liability coverage. This will cover any damage that you inflict on another party or their property. But do you really need collision and comprehensive coverage? Well, this all depends on the age of your bike and its value.

Tip: request a variety of quotes, each one with a different type of coverage. This will allow you to see what you can get for your budget.

With these three little known ways to save on motorcycle insurance, you are closer than ever to buying an affordable policy that will keep you protected while cruising the open road.

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