Motorcycle insurance is beneficial for many reasons, and it’s a legal requirement in California. Buying insurance protects your investment in the event of a wreck or theft and prevents certain legal consequences, such as incurring fines and having your license suspended for not having coverage. Many people worry about paying high premiums for coverage. However, the tips mentioned below can help you spend less on motorcycle insurance.
Take Educational Courses
Taking classes can not only decrease the cost of your insurance policy, but the choice can also boost your safety while operating your motorcycle. Safety courses are offered through various organizations, and your potential or current insurance company could give you a list of preferred organizations to take classes from to help you lower your rate. If your sole intention is to obtain a less expensive insurance policy, always speak with the provider to ensure you sign up for the correct motorcycle safety courses to ensure you receive discounts and other benefits.
Consider Multiple Policies
Purchasing multiple types of insurance coverage from a single provider could lower your motorcycle policy rate. For example, if the provider you choose also offers home and car insurance, learn more about their discounts for multiple plans. This will not only lower your cost for motorcycle coverage but also save you money on other policies.
The best way to obtain cheaper motorcycle insurance is to maintain a good driving record. Safe drivers are viewed as less of a risk, and your record will often determine your rate as well as whether you’re offered insurance coverage at all. Therefore, always operate cars, trucks, and motorcycles safely. The coverage provider may offer a significant discount if you have a safe driving record.
If you pay your policy premium in full before the due date, your insurance company may offer a special rate. However, it’s necessary to inform your insurance provider that you plan to pay the amount in full when signing up for the plan. Collecting installment fees is more complicated than most policyholders realize because it involves multiple processing steps. However, if you prepay your plan, the insurance provider can save money, potentially leading to discounts, among other benefits.
You don’t need to get the most extensive motorcycle insurance policy unless you want extra benefits. Some riders simply want to be covered in the event of accidents, protecting them from paying out of pocket for medical bills and other damages. Therefore, they purchase basic policies that cover only those items. Speak with an insurance representative before choosing a motorcycle insurance plan to determine which approach suits your needs.
Another option is to choose a company that allows you to change your coverage based on the season. For example, if you decide not to ride your bike in the winter months, you could save money if the insurance company allows you to drop coverage during the time you choose not to ride the bike.
If you’re looking for reliable, affordable motorcycle insurance and high-quality customer service, reach out to the friendly agents at Altra Insurance Services. Our experienced team can help you meet all your insurance needs, including auto insurance and homeowners coverage. Call us today at (800) 719-9972.