Motorcycles are becoming a more common part of the daily commute for many drivers. When the weather is right, motorcycles provide an alternative and more gas-efficient option than the typical sedan. Motorcycles also cut commute times down because of their ability to utilize the carpool or commuter lanes and park in small spaces.
Upon purchasing a motorcycle, it is important to be sure you maintain adequate motorcycle insurance. Because a motorcycle is cheaper to operate and cheaper to maintain than a vehicle, it is also cheaper to insure. However, there are still a few things you can do to ensure you are getting the most coverage for your dollar.
Increase Your Deductible
This is always the rule with any insurance coverage. The higher your deductible, the cheaper your monthly premium. Even raising your deductible just a few hundred dollars could reduce your monthly premium by up to 30 percent. When you raise your deductible, be sure to set aside enough to cover that amount so you are prepared in the case of an accident.
Look for Discounts
Take advantage of any and all discounts available. Consider your driving safety record, how often you ride, and what areas you typically ride in. Do you own a model with a good safety rating? Do you only ride in good weather? There are several different discounts you may be eligible for, but it is your responsibility to ask your agent or insurance representative about the options available.
If you are a ride who takes your bike out for a spin on the weekends or occasionally in the summer, you may be eligible for an occasional driver discount. Do not be afraid to ask for other potential discounts, even if the representative up front does not offer them.
Motorcycle insurance rates are not one size fits all and neither are insurance companies. Rates for the exact same person can vary widely from one insurer to the next, so it pays to shop around. Get rates from several different companies to find the cheapest motorcycle insurance policy available. What may have been the best rate last year might not be the best rate today. Take time each year to review your policy and check the competitors pricing before renewing.
Staying safe on the road is important to keep you safe and your insurance costs low. While all motorists are reminded to safely "share the road" with motorcycles, it is important for motorcyclists to be extra alert to stay safe. Keep yourself visible to other cars and avoid weaving in and out of traffic which forces other drivers to slam on their brakes or swerve out of the way.
While driving a motorcycle it is crucial to always wear a helmet. Wearing a helmet can save you money on both insurance costs and medical costs. Every study conducted regarding motorcycle injuries ultimately concludes that non-helmeted patients incurred higher average hospital charges than helmeted patients. The average increased cost to a driver without a helmet is more than 30 percent.
Whether you are riding or driving, staying sober on the road is important to keep yourself and others safe. Statistics show that the percentage of intoxicated motorcycle riders in fatal crashes is greater than the percentage of intoxicated drivers on our roads. Staying safe and sober whether you are driving or riding is the best way to keep yourself safe and your rates low.