When it comes to protecting your bike with the proper motorcycle insurance, it can be an expensive proposition depending on a number of factors. Fortunately, you can find a number of motorcycle insurance discounts that can save you money. What follows are just a few of the many ways you can get a discount on motorcycle insurance.
Safety Course Completion
One of the more popular discount motorcycle insurance programs is completing a recognized safety driving course. Since riding motorcycles are inherently more risky in terms of physical harm than standard vehicles, most insurance companies offer discounts to bike owners who complete such safety courses. In fact, most states have mandated that insurance companies be mandated to offer such a discount for those who complete these recognized courses.
This is one of the best ways to save on motorcycle insurance for young riders who have turned to 18.
The discount itself can vary between companies, but it usually falls in the 5% to 15% range. Also remember that if you completed the course within the past three years, it may apply to your next insurance company if you decide to switch. Be sure to check with your insurance company first to see which safety course they recognize so that you will earn the discount.
Insurance for More than One Motorcycle or Vehicle
You can earn a decent motorcycle insurance discount if you have more than one bike and choose to use the same insurance company. Many companies will deduct 10% – 15% off the premiums if you have more than one bike to be covered. The same generally applies to a vehicle insurance discount, so you will want to check with your insurance company and find all applicable discounts.
Remember, not every insurance company puts all of their discounts prominently on their website. So, be sure to call and check to see if they have this particular one.
This is a very common way to save on all of your policies. If your home and vehicles are all covered by the same insurance company, then you can add your motorcycle and earn an additional discount. You can save a considerable amount when you bring together all of your vehicles, motorcycles and the home under on company. Generally speaking, the discount for the total will be 20% to 25% on average and this does not include other bike insurance discount savings that may be included.
When you go searching to save on motorcycle insurance, first check with the company that covers your home or vehicles and see how much bundling can work for you.
Safe Rider Discount
This is another popular motorcycle insurance discount that rewards you for driving without having an accident or getting a ticket in a pre-set period of time. However, the time that you must go without an incident varies depending on each insurance company. With some, going 60 months or five years will save you up to 10% while others will apply smaller motorcycle insurance discounts every year for a pre-set number of years.
Basically, this is a way to reward riders who have gone past a certain period of time without suffering from an accident or moving violation which would cause their rates to go up. The truth is that a large percentage of riders go for many years without getting a ticket or being in an accident and this type of coverage works very well for them. Be sure to check with your insurance company to see if they include this type of rider to their policies.
One of the more interesting online motorcycle insurance discounts is known as the layup because you only operate your motorcycle for part of the year. There are many people who never drive their motorcycles during the late fall, winter and early spring because it is too cold. If your motorcycle does not leave the garage or storage area during this time, you may qualify for a layup discount that can save you a considerable amount of money.
The layup discount may save you the equivalent of the time your motorcycle in not in operation, so if you do not drive it for a six month period which would cover the winter months you can save a considerable amount on your motorcycle insurance. Read here more about seasonal motorcycle insurance.
This is one of the most popular policies as motorcycles are relatively easy to steal as compared to vehicles. This is because the entire motorcycle can be lifted and placed into a truck or van in just seconds. If you have theft coverage for your motorcycle, then you can save upwards of 20% by installing a GPS device on the bike. The GPS will allow the bike to be located and recovered assuming that the thieves do not spot the device on the motorcycle.
There are some insurance carriers that will actually wave the deductible if you place a GPS on your motorcycle which also means that if the coverage is activated you will not pay any out of pocket expenses.
Airbag & Anti-Lock Brake Discount
Another popular way to get a discount on motorcycle insurance is through the inclusion of airbags and anti-lock brakes. Admittedly, these features are far more common on vehicles which is why they are automatically included for an auto insurance discount. However, there is a growing movement to put these safety features on motorcycles as they provide additional safety and protection.
Anti-lock brakes help prevent greater damage or injury when losing control of the bike through quick application of the brakes. The airbag helps soften the impact on the rider in case of a head-on collision. Having one or both of these features will often produce a 5% to 10% discount.
Wearing a Helmet & More
You can find other ways to earn discount motorcycle insurance savings which starts by wearing a helmet which provides a little additional savings as well as other common methods that include the following;
- Raising the Deductible
- Mature Rider Discount
- Transferring your Insurance to Another Company
- Becoming a Member of a Recognized Motorcycle Affiliation and More
Be sure to check with your insurance company to see the different discounts that you can earn for your motorcycle insurance.