Buying a motorcycle can be exciting, especially for first-time riders. While motorcycling can be a fun activity, it can also be dangerous. Riders should protect themselves and their investment from accident-related damage, which involves buying motorcycle insurance from an Insurance Service Provider in Sutton MA. Many believe motorcycle and auto insurance are the same, but there are key differences between the two. Browse our website for some tips for saving on motorcycle insurance.
Consider the Bike’s Size
When purchasing motorcycle insurance, size matters. The larger the engine displacement, the more the rider will pay for coverage. Insurers assess risk in determining the policyholder’s monthly premium, and bikes with bigger engines present more of a risk. When shopping for a motorcycle, the rider needs to consider engine size during the decision-making process.
Increase the Policy’s Deductible
One of the simplest ways to save on insurance is to raise the deductible. While it’s true that doing so will increase the out-of-pocket costs of an accident, it will help the rider save on monthly premiums. Many industry experts recommend doubling the deductible from the $500 standard. However, the rider should consider putting those monthly savings in an emergency fund to cover the damage sustained in an accident.
Take a Training Course
If a rider wants to save on motorcycle insurance, they should consider a motorcycle safety course. These classes are typically inexpensive and only take a few hours to complete. During the class, the new rider learns everything they need to know about motorcycle safety, and they spend time on a bike learning how to control it in multiple scenarios. Upon completion, the rider receives a certificate they can show to the DMV and to the insurer. Most companies offer discounts to riders who have taken these courses. They are a good idea for any rider, but they’re especially important for those looking to save on motorcycle insurance.
Bundle Policies
In most instances, the carrier covering a rider’s home and vehicles will also offer coverage for motorcycles. Many times, insurance service provider in Sutton MA will offer a bundle discount for those purchasing multiple coverage types. While this does not mean a person should not compare prices, riders can save on coverage if they bundle policies.
