A high percentage of teenagers love bikes. However, they don’t give too much attention on insurance. They will just surrender their bike business to whatever company but that’s a big mistake. This is because some insurers specialize in motorcycle policies and shopping companies can reward you major savings as much as 50 percent.
Shoppingis one way to save on motorcycle as a category in the insurance rate shopping tool as you get to compare insurance quotes. No wonder you need to take your time and see if you are getting the best deal. Then check the tips below that will help you save money on bike insurance.
DropYour Full Coverage
You must have a liability insurance that covers damage you do to other people and their property. But if your bike is old and or not worth much, you might consider dropping comprehensive and collision insurance that pays for theft, vandalism, or damage to your bike in the event of an accident that’s your fault.
After all, the other person’s liability insurance should pay for the damage when it is their fault. Whether this makes sense depends on how much you are paying for full coverage and how much your bike is worth. Weigh the cost and benefit then decide. As with the tip above, if you have a lien on the bike, the lender will require full coverage.
AskAbout Discounts
It will probably come as no surprise that your insurance company isn’t going to inform youof potential discounts. Call and ask about anti-theft devices, keeping your bike in a locked garage, age related discounts whatever you can think of.Simply ask; what discounts do you offer? You might be surprised to learn that you already qualify for one.
Final Thoughts
You can find a lot more information about all kinds of insurance on different websites. But in the meantime, take a minute and use the insurance tips mentioned above to see if you can save on motorcycle coverage. Keep in mindit doesn’t cost a dime and might save you significant amount of money.
