Tips for Choosing Motorcycle Insurance
Motorcycle insurance can be expensive, simply due to the high risk some insurers believe they pose. Here are a few tips to keep costs low:
Consider part-time insurance
Some motorcycle purists ride their bikes everyday, but if you don’t you can save by insuring your bike with a seasonal policy. There isn’t a need to insure it when you’re not riding it, particularly if your bike is a weekend proposition.
Take a motorcycle-safety course
You can generally count on a significant discount off your policy after completing a motorcycle safety course. It’s a good idea to check with your insurer before you sign up to make sure it’s an approved course. Even if you’ve been riding for some time, you might be able to get a discount for refreshing your skills.
Increase the excess
If you think you’re less of a risk than what the insurance company believes, vote with confidence and increase your excess. You’ll find this will dramatically reduce the cost of the policy. Make sure you can afford the cost of the excess in the event of an accident.
If you’re purchasing a nice bike, comprehensive cover is the way to go, you’ll be protected against theft, fire, and other damages not caused by an accident. Some companies offer a discount on your policy if you have an anti-theft device.
Maintain a good driving record
Insurance companies will look at your history behind the wheel before they determine the cost of your motorcycle insurance policy. If you’ve only recently obtained your driver’s license, it’s a good idea to wait a while before getting a motorcycle. If you stay on the right side of the law your rates will be lower once you’ve got experience behind you.
It’s also important to remember that the more expensive the bike is, the more expensive it will be to insure.
Aussie Bike Loans are happy to refer you to either an insurance company representative or insurance broker who will give you the help you need. You can also fill out out online insurance quote form for an obligation-free quote on motorcycle insurance.