Motorcycle insurance may seem to be as standard as car insurance, but there are actually quite a few unique differences which can change the cost of your coverage.
Therefore, in order to keep expenses down, while ensuring that you get the exact coverage that you need, it pays to understand at least a little about it before choosing which policy to go for.
The type of bike that you own has the biggest bearing on the level of insurance premiums that you will need to pay.
Whilst having a fast, big, new motorcycle might look cool, it will really cost you in monthly insurance premiums, whereas a basic, older one will cost you half the amount, or even less.
Going for a motorcycle made by a well-known manufacturer is also advisable if you want to keep your insurance costs at a minimum.
The reasons are that insurance companies will consider it less likely to break down, and that repairing it will be cheaper as the parts will be more readily available.
Taking care of your bike is also important, and many companies will give you a break on your motorcycle insurance if you install an anti-theft device.
One of these may cost you around $100-200, but you will likely save more than that on insurance premiums within a year.
Since operating a motorcycle is different from driving a car, taking a rider training course can help to show that you are being responsible and know how to handle your bike, which insurance companies like to see.
Also, the cleaner your driving record, including your record with your car, the more you can bring down costs.
If you can afford it, raising the deductible (the amount you will actually have to cover in the event of an accident or theft) results in lowering your premium.
If it is financially feasible, this is something that you might want to consider.
Getting all of the discounts that are available to you is also important if you want the lowest possible motorcycle insurance costs.
To do so, you will need to enlist the help of an independent agent.