Finding the Best Quote on Motorcycle Insurance

Now that you've decided to get that motorcycle you've always wanted, it's time to find the best insurance. Nowadays you can get quotes on your motorcycle insurance online. That will help you compare companies. The key to getting a good quote on your insurance is to shop around. Make sure you understand which factors drive up your premiums, which lower them, and take advantage of them.

Check out the competition

Competition between motorcycle companies if good for consumers. It drives the price tag down as insurers strive for your business. Try to find out how reputable the different companies you are checking out are. If you get a cheap quote from a company you don't like, ask other companies to meet that rate.

Consolidate your insurance

If your home or car insurer offers motorcycle insurance, get a quote from them. They should be able to offer you a good rate. If they come in too high, see if they will come down. If you already have a lower quote in hand from another company, that will help convince them!

Find out if they offer a no-claims bonus

Many companies offer a no-claims bonus after a few years. The payoff is not instantaneous, but is a great incentive. If you ride responsibly, and keep your motorcycle in a safe place, you are likely to be able to take advantage of it.

Buy an older or smaller bike

If you haven't purchased your bike yet, think about they type you should get. Insurance is one of the hidden costs of owning a motorcycle, so factor it into your budget. If you buy a new, big motorcycle, your premiums will be higher than a smaller or older bike. Also the style you choose will have an impact. Cruisers have a better track record as far as accidents go, and so are less expensive to insure than the other type of bike, commonly known as crotch rockets.

Avoid parking your bike outside in high crime areas

If you live in a high crime area, that will raise your rates. It's all too easy to rip off a motorcycle. Finding a locked garage to keep your motorcycle in will make a difference in your premiums. If you can't lock it up, then put an alarm on it, or better yet a tracking system. Security devices lower your premiums!

Use your bike for play, not work

The more mileage you put on your bike, the higher your quotes will be. If you just use in on weekends to tool around in the country, that means your risks of accident are lower, and so is your insurance.

Don't lie to your insurance company!

Whether you are getting a motorcycle insurance quote, signing a policy, or making a claim, it is never a good idea to lie to your insurance company. There's just no point in getting a quote for circumstances you don't meet. When you sign your policy, you are signing a legal document. If you lie on that policy, future claims may be rendered invalid. There's no point in saving money on premiums if you can't make a claim! And if you commit fraud on a claim, you will probably forfeit the claim as well as your insurance policy, and may even face a fine; Insurance companies are very good at spotting false claims. So use the other methods listed above to get a good quote and a low-cost policy, you'll be better off in the long run!