Many motorcyclists pour a lot of money into the care and maintenance of their bikes, so purchasing insurance may seem like an unwanted expense on top of what you already pay. However, owning coverage is one of the best ways to protect your investment. Plus, it doesn’t have to cost a fortune. There are plenty of ways to reduce your motorcycle insurance premiums. Here are just a few.
· Bike and features: Your premium is partially based on the motorcycle you own. A bike in its original condition will typically cost less to insure than a custom-built bike or a bike with permanently attached custom parts. This is because replacement parts and labor will generally cost less for a store-bought motorcycle with factory parts and paint.
· Storage location: Motorcycles that are stored inside of a garage or shed are usually better protected than bikes stored in your driveway. Outdoors, motorcycles are exposed not only to the elements, but also to theft and vandalism. The security of indoor storage can reduce your insurance premium.
· Driving record: Your actions on the road also contribute to your motorcycle insurance premium. Maintaining a clean driving record can help keep your costs lower.
· Frequency of riding: Statistically speaking, the more time you spend on the road, the more likely you are to get into an accident. For this reason, seasonal or weekend motorcyclists may pay less for coverage than year-round motorcyclists.
· Bundling: If you bundle your motorcycle insurance with your home and auto insurance (and any other personal policies you own), you may be able to save money.
· Discounts: Some insurance carriers offer new customer incentives and various other discounts. However, you may never know if you qualify for savings until you ask your insurance agent if any discounts are available.
Call Boyer Insurance at 800-243-5936 for more information on motorcycle insurance.