Last week, we discussed the insurance coverages associated with insuring a motorcycle. This week, we want to share tips and tricks for saving money on your insurance premiums.
Arvada Motorcycle Insurance Money-Saving Tips
- Many insurance companies will offer discounts of 10 to 15 percent on your premiums for graduating from a motorcycle training course.
- Maintaining a good driving record with no violations will also help reduce your premiums.
- In many northern states, insurance companies will offer a “lay-up” policy for much less premium than a standard policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
- Association membership. Some insurance companies have worked out exclusive programs through specific motorcycle associations.
- If you own more than one bike, you may be eligible for a multi-bike discount.
- Some insurance companies offer discounts to more experienced motorcycle riders. So, if you have proof of your riding experience, you may be eligible for additional discounts.
- Remember that the type, style (such as a sports bike vs. a cruiser), and age of the motorcycle, as well as the number of miles you drive a year and where you store your bike, may also affect how much you pay for your premium.
Additional Factors that Will Affect Your Motorcycle Insurance Premiums
- Keep in mind the following items will all affect your motorcycle premiums:
- Motorcycle Brand
- Style (Sports Bike vs. Cruiser)
- Age of Bike
- Number of Miles Driver Per Year
- Storage Location
Get a Quote
If you would like to get multiple money-saving quotes on your motorcycle insurance, please don’t hesitate to give our office a call. We work with all of the top insurance companies, and we can ensure you won’t pay more on your motorcycle insurance premiums than you have to.
