Share:

Just like with a car or truck, motorcyclists need financial protection. Motorcycle insurance is designed to assist with the costs of collisions, including repairs, medical bills, and property damage. Luckily, obtaining such peace of mind doesn't have to break the bank. Here are a few tips that may cut your premium rate. 

How to Reduce Your Motorcycle Insurance Costs

1. Change the Deductible

The deductible is the portion of the cost you're responsible for when filing an at-fault claim. For instance, if you're involved in an accident that requires $3,000 in repairs, you'll have to pay the deductible before the insurance company covers the rest. Typically, the amounts range from $250 to $1,000.

While $250 is easier to come up with on short notice, higher deductibles are associated with lower premiums. As such, consider saving up so that you can switch to a higher amount without worrying about unexpected costs. 

2. Choose a Smaller Engine

motorcycle insurance

There are a wealth of bike options on the market. However, a model with a powerful engine is likely to result in a higher premium because of its ability to go faster, thus increasing the risk of an accident. For that reason, purchasing a motorcycle with fewer cc's can end up saving you money. 

Additionally, the style can also play into the premium. Bikes categorized as sport or racing are likely to have higher rates than a standard road option because of the lifestyle and risks involved. 

3. Obtain Discounts

Many companies provide discounts and credits for certain qualifications. A common example is bike clubs, which offer group motorcycle insurance discounts for members. 

Taking specialty training classes, such as defensive driving, can also help you qualify for lower premiums since it reduces your risk of accidents. Bundling multiple policies can lower costs as well. 

 

Save money on your motorcycle insurance policy by exploring your options with BestRate Auto Insurance in Statesboro, GA. Since 2003, the local insurance company has worked tirelessly to ensure the unique coverage needs of drivers across Bulloch County are met on a daily basis. Learn more about their motorcycle, ATV, and auto insurance policies online and request a personalized quote today at (912) 489-5942.

tracking