Insurance is an absolute must-have for motorcyclists; not only does the proper coverage keep you (and your bike) street-legal, but insurance coverage will protect you in the event that you're involved in an accident. At the same time, nobody wants to spend more than they need to on motorcycle insurance. Fortunately, there are plenty of ways to go about reducing your premium/monthly payment without sacrificing your coverage in the process.
Take an Approved Safety Course
If you haven't done so already, check with your insurance company to see if they offer any kinds of discounts for motorcyclists who have completed approved safety courses. Completing a safety course can be a great way to reduce your risk of getting into an accident and giving you more confident behind the wheel. And of course, if you can save some money on your policy premium, that's an added bonus!
Consider a "Lay-Up Policy"
If you live in an area of the country where you're unable to ride your motorcycle for part of the year due to cold weather, then be sure to find an insurance company that offers "lay-up policies," which essentially allow you to drop everything but your comprehensive coverage during the months of the year your bike is in storage. After all, there's no use paying for full coverage when you're not going to be riding!
Review Your Credit Report
When was the last time you reviewed a copy of your credit report? If it's been more than a year, now is a good time to review your credit report and check specifically for errors. Your credit score plays a big role in the amount you pay for insurance, so if your report has mistakes on it, you'll want to dispute these so you aren't paying more than you need to for insurance.
Increase Your Deductible
Last but not least, revisit the deductible on your policy. If it's much lower than what you could afford (and if you feel comfortable doing so), you might consider increasing your deductible as a means of lowing your monthly payment. Just make sure that the deductible you select is one you can comfortably afford if the need arises.
Having the right level of insurance coverage is a must when you ride a motorcycle, but who wants to pay more than they need to for motorcycle insurance? Follow these tips to reduce your premium and save some money. For more information, contact local professionals like those found at Allstar Insurance.