Just in time for peak riding season, motorcycle owners should be reviewing their insurance policies. While it’s critical to make sure you are covered to the fullest extent of the law, you owe it to yourself to shop around for the best premium rates.
Take a look at your current policy and call your broker to find out how any of these suggestions may put some extra gas money in your pocket.
Consider Raising Your Deductible — You have insurance for a reason. In case of a crash or damage to your bike, you don’t want to have to write a huge check out of your pocket. However, by increasing your deductible — even from $500 to $1,000 — you can likely same some money on your premium.
Shop Around — This doesn’t mean you should definitely jump ship from one insurance carrier to another. Make sure a lower price tag doesn’t mean you are losing important coverage. However, some insurance companies will often you an incentive discount just by becoming a customer. Same coverage, cheaper premium.
Take a Safety Class — Whether you are new to motorcycle riding or a lifer, taking a refresher safety course can never hurt. Plus, your insurance carrier may make it worth your while by offering you a discount on your insurance. It pays to make the call and ask.
Ask About Safe Rider Rewards — Some insurance carriers may be willing to reduce your premium or deductible if you go accident free for a period of time. One company in Pennsylvania, for example, promises to reduce deductibles for covered riders by 25 percent a year if they have no claims. After four years, they have no deductible. That’s worth looking into for certain!
If you have any questions about motorcycle insurance, including how much you need, contact Andrew Prince, Esq. Mr. Prince has been a strong supporter of the motorcycle community in New Jersey for more than 25 years and has helped countless victims of motorcycle crashs get compensated for injuries. Contact him today for a consultation.