January 7th, 2016
There are some major insurance perks to be had when you ride a motorcycle. Or rather, you can pay drastically different premiums depending on how you navigate and compare motorcycle insurance quotes. Here are three key tips any motorcycle owner can follow to save money on their motorcycle insurance.
Though insurance can be expensive, it’s not worth the hefty price you may face if you are involved in a collision and are uninsured. Like auto drivers, motorcycle riders need proof of insurance when they hit the road. The majority of the country requires liability insurance. When setting out to find the right insurance, it is essential that you are not only able to understand the insurance language and jargon, but that you know the kind of insurance you need to maintain the excellence of your bike and yourself.
Once you understand the differences between large and small deductibles and how the size of your bike affects payment plans and coverage, you can make an informed decision when you compare motorcycle insurance quotes with CoverHound.
Practice Makes Perfect
Motorcycle safety is extremely important. According to the Insurance Institute for Highway Safety (IIHS), in 2013 the federal government found that motorcycle riders were 26 times more likely to get involved in an accident-related fatality per mile traveled than their were automobile driving counterparts. But the IIHS also found that motorcyclists practicing safe driving procedures were more likely to survive a potentially fatal accident. So, while motorcycles are objectively dangerous, there are safety measures that can drastically reduce your risk of injury or death. For example, motorcyclists who chose to wear helmets were 37 percent more likely to survive a head-related injury in the result of a collision, while 67 percent of riders prevented brain injuries just by wearing a helmet.
When you sign up for a training course in motorcycle safety, you earn a certificate of completion in at most two weekends. Many motorcycle safety training foundations offer classes for new and experienced riders. Once you earn that certificate of completion, you have the golden ticket to the insurance discount factory! The certificate of completion for motorcycle training demonstrates to insurance companies that you take motorcycle safety very seriously, and with defensive riders like you on the road, there may be fewer accidents over a period of time.
Insurance agencies are known to reward their learned and experienced drivers and riders on the road, with some companies offering discounts on deductibles and writing you a certified check twice a year.
Band of Brothers
Nothing brings a community together like sharing in an adventure. Riding the open road has been a popular pastime and idolized in American music and film since Easy Rider. In an effort to include a range of drivers, some insurance companies offer discounts if you belong to a motorcycle association or club. According to the Department of Motor Vehicles (DMV) clubs that may qualify for an insurance discount are as follows:
- -Motorcycle Touring Association
- -Motorcycle Safety Association
- -Honda Riders Club of America
- -Harley Owners Group
- -Gold Wing Riders Association
- -BMW Motorcycle Owners of America
- -American Motorcycle Association
While some associations make their members pay a fee to be part of their group, it is a small price to pay in comparison with the savings you will have when buying motorcycle insurance.
At Coverhound, we help you compare motorcycle insurance quotes. Use our full service insurance shopping portal or call (866) 278-7881 to get your quote started today!