Motorcycle injury insurance is something all bikers should consider, even before buying their first bike. Just like automobile insurance, motorcycle insurance comes in a variety of different packages. Different motorcycle insurance companies may consider certain deductibles and levels of coverage standard, so it is important to get a clear understanding of the coverage when comparing plans.
How to Find the Best Motorcycle Injury Insurance Company
1. Shop around to get the best rates. You may find that the rates you are quotes vary significantly based on the insurance provider. Do not simply sign on to the first policy you are offered. Take a couple of hours and call several different providers. It’s a chore, but it may pay off if you find a policy that saves you hundreds of dollars.
2. Take a motorcycle training course. This is important for all bikers, and may be required prior to obtaining a license. Some insurance providers will give discounts to riders who have completed a training course. Be sure to ask your insurance broker about possible discounts.
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3. Be aware of your credit score. Bad credit can result in high insurance premiums. Before shopping for motorcycle insurance coverage, get a copy of your credit report. If there are any errors on your credit report, you can often have them corrected by contacting the credit reporting agency. Be sure to pay your bills on time, too, to avoid high insurance premiums.
4. Ask for discounts! Insurance companies offer a wide variety of discounts. If you work for a large employer, you may be entitled to receive an employer discount. If you are a member of a motorcycle organization, you may receive a discount. If you belong to AARP or another age-related group, you may qualify for a discount. You may get an additional discount if you currently have another policy with the insurance company. Often, the insurance companies do not tell you about these discounts, so take a minute to ask about them!
5. Compare apples to apples. When comparing policies between insurance companies, make sure you are comparing apples to apples. Customize the coverage levels and deductibles that you want, and make sure the policies you are quoted match those coverage levels.
6. Don’t go for the lowest coverage levels trying to save a dime. It may be cheaper to get bare-bones coverage, but in the long run you might save thousands by paying a bit more for a better policy. If you are in a crash, that extra coverage may come in handy.
7. Maintain a clean driving record. We know that a clean driving record is a sign of a safe driver. Obey the speed limit, drive safely, and avoid citations and tickets by driving cautiously. Not only will this keep your premiums low- it will also keep you safe on the road!
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8. Consider modifying your deductible. If you are in a crash, the deductible is the amount of money you will pay out of pocket. A higher deductible means that you will pay more in the event of a crash, but it also means less risk for the insurance company. This means a money-saving opportunity for you, but be sure you have enough money to cover your deductible if you are in a crash.
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9. Check out price comparison websites. The internet is a magical tool. There are numerous websites that will allow you to compare the best motorcycle insurance policies across a number of different motorcycle insurance companies at one time. Submit your requirements and wait for the offers to come in through email. Super convenient!
10. Estimate your mileage accurately. Most bikers ride for less than 3,000 miles a year. When you are looking for motorcycle insurance coverage, be sure to the let insurance provider know how many miles you travel on the average year. This can keep your costs down, especially if you do not ride much.
11. Ask for lump-sum payment discounts. Some motorcycle insurance companies will give you a discount if you pay for 6 months or a full year’s premiums at once. This lump sum might be a bit hefty, but prepaying can save you a few bucks. Also, be sure to ask if you can get a discount by having your payments automatically withdrawn from your bank account. It can save you time AND money!
12. Select your bike carefully. Insurance rates vary based on the bike. The rates for sportsbikes, for example, are usually significantly higher. Motorcycles injury insurance companies favor some bikes over others as they are considered lower risk. If you are shopping for a bike, it can be worth it to get price quotes for insuring each bike. There can be a significant difference in rates.
Motorcycle insurance does not need to be complex to keep you covered. And remember- if you have been the victim of a crash, insurance can provide the coverage you need to recover from your injuries. If you have been involved in a motorcycle crash or just have questions about the best motorcycle injury insurance coverage, contact the experienced team of lawyers at Kass & Moses at 1-800-MOTORCYCLE today!