Custom Motorcycle Insurance 5 Tips To Save
The economy and rising fuel cost are having more people consider alternate transportation. Many are considering motorcycles or even mopeds to cut down spending on gas.This really makes sense if you have a long commute back and forth to work every day. In areas like California, the weather conditions allow you to easily and comfortably ride year round. There are many who may not realize that you have to have motorcycle insurance just like for your car to drive on the streets and roadways. Many consumers do not realize when you do get insurance for your bike, there are things to consider and decisions to be made to get low cost motorcycle insurance.
The first element that relates to the cost of your coverage is the kind of motorcycle you have. If you buy a "bullet bike" as many call these high powered big engine motorcycles built for speed, the insurance company looks at this bike as a high risk and will charge more to insure.So if you have not purchased your new gas sipper, this is something to consider.If you buy new, most dealers have insurance information to help buyers know which bike has lower premiums. The other element of insurance cost is how expensive the bike is and if you are financing the motorcycle. When you purchase the bike outright, you only have to have liability insurance. If you finance your purchase then by law you are required to have comprehensive and liability coverage. The bank or lender can determine how much coverage is required like detuctibles and medical coverage amounts which can cause you to pay more for your coverage.
Where you live and where you park your bike can influence your rates. Higher premium if you live in high risk area like L.A versus a podunk little town in Wyoming. Parking the motorcycle on the street versus in your garage. Installing anti-theft equipment can help reduce the cost. Some motorcycle enthusiast spend thousands customizing their bike and this is another factor that insurers look at to charge you higher premiums.
A big factor that consumers really have no control over is rates are determined by the age of the driver. Young newer drivers under 25 years old are going to pay more than the retired guy with 30 years of a safe driving record. The younger drivers may be able to get on a parents policy to reduce cost and definitely stay away from the super fast high speed bullet bikes as the type motorcycle to use for transportation.
Driving record plays a big part in determining rates. Bad driving record with accidents and or speeding tickets is going to get you sky high insurance rates. This is for young or old drivers. Also, if you are a brand new motorcycle driver with no experience this is a higher risk for the insurer. A great strategy if you are a new biker is to take a motorcycle safety class. Some dealers offer this as a way to get you in the dealership and sometimes the dealer will let you use different motorcycles while taking the free class. A great way to pick the right bike and help save on your insurance. A driver with a bad record may consider taking a regular safe driving class to improve their driving record for insurance purposes.
These are some of the important ways you can get custom motorcycle insurance to save you money and get the right coverage for you and your dream machine. Enjoy the ride
The first element that relates to the cost of your coverage is the kind of motorcycle you have. If you buy a "bullet bike" as many call these high powered big engine motorcycles built for speed, the insurance company looks at this bike as a high risk and will charge more to insure.So if you have not purchased your new gas sipper, this is something to consider.If you buy new, most dealers have insurance information to help buyers know which bike has lower premiums. The other element of insurance cost is how expensive the bike is and if you are financing the motorcycle. When you purchase the bike outright, you only have to have liability insurance. If you finance your purchase then by law you are required to have comprehensive and liability coverage. The bank or lender can determine how much coverage is required like detuctibles and medical coverage amounts which can cause you to pay more for your coverage.
Where you live and where you park your bike can influence your rates. Higher premium if you live in high risk area like L.A versus a podunk little town in Wyoming. Parking the motorcycle on the street versus in your garage. Installing anti-theft equipment can help reduce the cost. Some motorcycle enthusiast spend thousands customizing their bike and this is another factor that insurers look at to charge you higher premiums.
A big factor that consumers really have no control over is rates are determined by the age of the driver. Young newer drivers under 25 years old are going to pay more than the retired guy with 30 years of a safe driving record. The younger drivers may be able to get on a parents policy to reduce cost and definitely stay away from the super fast high speed bullet bikes as the type motorcycle to use for transportation.
Driving record plays a big part in determining rates. Bad driving record with accidents and or speeding tickets is going to get you sky high insurance rates. This is for young or old drivers. Also, if you are a brand new motorcycle driver with no experience this is a higher risk for the insurer. A great strategy if you are a new biker is to take a motorcycle safety class. Some dealers offer this as a way to get you in the dealership and sometimes the dealer will let you use different motorcycles while taking the free class. A great way to pick the right bike and help save on your insurance. A driver with a bad record may consider taking a regular safe driving class to improve their driving record for insurance purposes.
These are some of the important ways you can get custom motorcycle insurance to save you money and get the right coverage for you and your dream machine. Enjoy the ride
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