How to Save Money on Motorcycle Insurance

Getting proper motorcycle insurance is as important as auto insurance. But unlike auto insurance, motorcycle insurance does not have the same mandatory insurance requirements. The only coverage that is needed is Liability; the rest is up to each individual motorcycle owner. This is where it can get a bit expensive, so here are some tips when deciding where to save money while getting the additional insurance.

Instructions

1. Take a motorcycle training class if you are a new driver or have had an accident. It not only makes you a safer driver, but most insurance companies give discounts of 10 to 20 percent.

2. Save additional money by having your motorcycle only partially covered in the winter months. This is called lay up insurance, and it keeps only the comprehensive active and suspends all other coverage during the winter. You shouldn't pay for full coverage if you aren't driving the motorcycle.

3. Take into consideration when purchasing a new motorcycle that the type will increase or decrease your insurance. You will pay a higher premium for a sports model than you will for a cruiser type.

4. Protect your motorcycle by parking it in a garage or shed instead of on the street or in a lot. This also saves money when purchasing insurance. In addition, the number of miles you drive per year, if you have more than one motorcycle and your age also can decrease the premiums.

5. Contact multiple insurance companies that offer insurance for your motorcycle. Get as many different insurance quotes as possible to determine the best route to save money on your premium.

Tips & Warnings

• By belonging to motorcycle organizations or associations you can receive a discount of approximately 10 percent.