How To Get The Best Motorcycle Insurance Rates

Getting good motorcycle insurance rates can be a tricky business as there are many associated risks that come along with riding a motorcycle. Like with auto insurance, there are a number of factors that are taken into consideration when working out premiums.

Some of these factors would be the age of the rider, how experienced the rider is, the type of motorcycle and estimated market value. If the rider has a standard drivers license and if they have a large amount of speeding tickets, then this could work to their disadvantage, although it is very rare for insurance companies to go that far into detail.

Motorcycles in general are much more unsafe than cars, for obvious reasons. This is why most insurance companies treat them as high-risk insurance. The best way to reduce your motorcycle insurance rates is to attend a professional riding course or, depending on your experience, you could also attend an advanced riding course. Doing this will show your insurance company that you are responsible and will reduce your risk profile.

Another factor that would need to be clarified is what the motorcycle will be used for. Your insurance company will want to know whether you plan to use it for your daily commute to and from work, making it your primary means of transportation. Or will it be used purely for recreational purposes, for that Sunday cruise or weekend escape? If it will be a primary means of transport, then insurance companies will also try to establish what kind of mileage you ride and how much of the time you spend on the road.

A sales representative, for example, who spends the majority of his day on the road would require a higher premium than an office worker. The reason for this is that the sales agent would be spending a far greater time on the road, increasing his possibility of having an accident. Another reason would be that a salesman would be visiting different clients throughout the day and the bike will be parked in various locations. Some of the locations may not have secure parking lots, increasing the chances of theft.

The good thing is that because there are so many insurance companies out there, you can take your time and get quotes from everybody. Go through their service offering in detail and decide which route you would like to take. It is important that you read the fine print and make sure that while looking for the best motorcycle insurance rates you are also getting suitable coverage that will not leave you in a tight spot should you need to make a claim.


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