If you’ve had a bike for at least a year, you should be able to find the best deal on motorcycle insurance premiums. In most cases, insurance companies will be willing to lower your rates because you are in such a high risk category, however there are some exceptions to this rule and you should be aware of them.
First, if you have already had several accidents with the same insurance company in the past, then you may be in the danger zone. These companies know they have to pay out the highest premiums because they are so high risk. You could get dropped from their policy and end up with the lowest rates.Second, if you’re the owner of multiple motorcycles, then it will cost you more to insure all of them. Insurance companies know that the high mileage you have done will make it extremely difficult for you to keep your car maintained. So if you have multiple motorcycles, your rates are going to go up. Just make sure to take your motorcycle to the same mechanic every time.
Last, if you have any type of military equipment on your motorcycle, then you will be paying a higher motorcycle insurance premium. Military bikes are higher risk than standard motorcycles because the gear and power are harder to handle.It is very important to shop around for an insurance company that is willing to negotiate with you. You don’t want to put your life savings into a policy and then find out later that you can’t afford the policy. The company may allow you to go to a cheaper policy and once again, this can happen if you have multiple motorcycles and military equipment.
One of the easiest ways to lower your motorcycle insurance premiums is to pay off your debts. If you have several credit cards that are maxed out, you can stop those credit lines from taking effect. If you have too many points on your license plate, then you can also stop those points from raising your insurance rates.The last way to save money on your motorcycle insurance premiums is to change your driving habits. If you are going to drive a motorcycle more often than not, you should have the right training so that you don’t get into a crash or incident.Remember that you shouldn’t expect to always get the best price on motorcycle insurance premiums. Your driving record, safety gear, etc.