Amazing Tips For Cheap Motorcycle Insurance You Never Knew!
The thing about motorcycles is that some people love them, whereas others loathe them. It’s often car drivers that have a particular dislike towards two-wheeled forms of transport!
But the benefits of riding a motorcycle far outweigh the downsides in comparison to cars. Are you are one of the growing amounts of people selling up their cars and buying a motorcycle? If so, one thought that will have crossed your mind is insurance.
While most people will you that motorcycle insurance is cheap, in some cases it could cost you more than your car did! And that’s usually because of the bike you own or how your insurance policy was set up.
In today’s blog post, I will share with you some amazing tips to help you drive down the cost of your motorcycle insurance. You can thank me later by sharing this blog post with your friends and family via social media!
Newer isn’t always better
We all know that motorcycles are way cheaper to buy than their car cousins. But what you might not know is that buying a new motorcycle isn’t always a good idea. You might be thinking that buying new means that you have added peace of mind on the road.
After all, new motorcycles are more reliable than used ones, right? As with cars, if a used motorcycle is well-maintained, they can be just as reliable as brand new ones sitting in a dealer showroom.
Mark from Carole Nash Insurance says that premiums are cheaper for used bikes than for brand new ones. And if you think about it, the reasons make perfect sense.
From an insurance company’s point of view, if you ride an older bike, it’s cheaper to replace it than repair it as they would with a new model. That’s because spare parts become limited as the motorcycle in question gets older.
It will cost them a lot of time and money to source spare parts for your ageing motorcycle, so they will just give you a check for its market value.
Don’t choose the first insurer you find
It’s no secret that the market is awash with companies willing to provide you insurance quotes for your pride and joy. The lazy among us will often just choose a company at random and take out a policy with them.
Of course, that’s a rather stupid way of getting insurance. Not only will you be paying more than you need to, there’s a risk you could end up with a restrictive policy. Such policies cause nightmares if you ever need to make a claim!
When you need to get a new policy for your motorcycle, it’s always best to get several quotes and compare what’s on offer. Doing so will help you to get the best value for money. And if you ever need to make a claim, you won’t have to worry about exclusions or even hidden fees.
Consider sacrificing power for savings
You might have your heart set on a high-performance motorcycle. But can you afford to insure it without breaking the bank, so to speak? If the answer is no, you should consider going for a less-powerful model for cheaper insurance.
Some people don’t realize that the least-powerful of motorcycles can sometimes outperform high-performance cars! That’s because motorcycles are lightweight. If you are new to the motorcycle world, I recommend you start with a less-powerful bike so that you can get to grips with riding on the road.
You'll be amazed by the money you can save on your motorcycle insurance premiums just by downgrading to a smaller output model!
Limit your mileage
Despite the amount of motorcyclists on the road today, the sad truth is that most don’t ride as much as people drive their cars. What’s an even sadder fact is that most of those people tell their insurers they ride more miles than they do in reality!
One of the factors that insurance companies use to calculate premiums is what your annual mileage is. The more mileage you do, the higher your risk of making a claim on your policy.
So the more mileage you do, the higher your premium will be. If you do fewer miles than what you tell your insurer, you need to give them a more realistic mileage amount. Doing so will help to lower your premiums.
But what happens if you spend most of your days on the road with your motorbike? If possible, limit your mileage and consider alternative means of transport for some of your journeys.
For example, let’s say that you work and live near a train station. For your daily commute to work, consider leaving your bike at home and taking the train to work and back. It’s a great way to keep the mileage down on your motorcycle and preserve its condition.
As a result, you will end up keeping your pride and joy’s value as high as possible when you decide to trade up to a different model in the future!
Give some thought to where you park
Car crime is rife in most parts of the world. The ugly truth is that motorcycle theft is also rife. There are two types of criminals that are out to steal motorcycles. They are opportunist thieves and organized crime gangs that “steal to order.”
Worried? The good news is that there are plenty of steps you can take to protect your motorcycle from ending up in someone else’s hands. Perhaps the most-obvious step you can take is to give some thought to where you park your bike.
The longest periods when your motorcycle will get left unattended is at night when you’re asleep, and during the day when you’re at work. Most motorcycle thefts occur during those two time periods.
At home, consider parking your motorcycle inside of your garage. And at work, park in a secure parking lot or garage. Taking these two small steps will make a big difference to avoid becoming a victim of crime.
Thanks for reading today’s article. See you soon!