Whether you use your motorcycle for daily commuting or riding on the trails, getting it insured is must. It will not only safeguard your finances in the event of theft or accidental damage but also protect you and your fellow passengers. However, choosing a suitable insurance plan that fits your budget, can be difficult.
Let’s take a look at some tips which can help you to reduce your motorcycle insurance costs in Killeen:
Extensive research is important
If you are buying motorcycle insurance for the first time, make sure you research thoroughly about the various policies. You can compare quotes from different carriers and choose the most suitable plan according to your requirements. Reading online reviews about them can also be helpful for you. The insurance carrier you choose, should have a good reputation in the industry.
Know what you want
Make sure you scrutinize your requirements so that you can choose the suitable coverage options. This can help you to cut down your insurance cost as you will pay only for the coverage you need.
Increase the deductible
The amount to be paid to the insurance provider in case of loss is the deductible. You can lower your insurance premium by paying a higher deductible. However, you must ask your insurance provider the exact amount by which the premium will go down.
Choose the right bike
The type of motorcycle has a great impact on the insurance rates. If you buy a sports bike, you will have to pay more for the premium. On the other hand, a cruiser bike can help you save on your insurance. Make sure you buy a motorcycle with a less powerful engine in case you want to cut down on your insurance. Avoid choosing a bike with a lot of modifications.
Check your credit score
It is important to keep a check on your credit history as it can affect the cost of your motorcycle insurance. Make sure you pay your bills on time and clear off the debts. A low balance on credit cards can also help to improve your credit score. This can be beneficial in lowering your insurance premium.
Maintain a clean driving record
In case you have never been involved in accidents or received tickets, you have a higher chance of getting discounts on premiums. This is because Insurance providers appreciate the riders who follow the rules and drive safely. You can even take a safe driving course to reduce the risk of accidents and maintain a clean driving record.
Ask about discounts
You may ask your insurance provider for various discounts related to the motorcycle insurance. Some of them are mentioned below:
- Pay annually: You may get some discounts if you pay your insurance premium annually rather than making monthly payments.
- Limit your mileage: Most of the insurance providers offer discounts to the riders who drive less than average miles per year as it reduce their chances of getting involved in accidents.
- Age-related discounts: If you are an experienced driver, you may have to pay less for the premium. However, you must confirm it with your insurance agent as the rules of each state are different.
Seek professional assistance
You may seek professional help while looking for motorcycle insurance. The agents will analyze your requirements and help you choose an insurance plan that fits your pocket. They will also explain the various coverage options so that you can make a wise decision.
Don’t make small claims
If you have a small dent or scratch on your motorcycle, avoid contacting your insurance provider. You may get entitled to ‘No claim bonus’ in case you have not filed a claim in certain amount of time. This can be beneficial for you in the long run.
Bundle your motorcycle insurance with other policies
Having more than one policy with the same insurance provider can help to build trust and reliability. You may get more coverage options by paying less.
If you follow these tips, you will surely be able to reduce your insurance premium.
We, at Shawn Camp Insurance Agency, Inc. provide affordable motorcycle insurance in Killeen, TX. For more information, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.