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6 Effective Motorcycle Insurance Savings Tips

Oct 18, 2023

Motorcycle Insurance

6 Effective Motorcycle Insurance Savings Tips

Ensuring that you and your motorcycle are fully covered must be your priority. Motorcycle insurance is a specialty insurance, and to receive the best coverage, you need customized insurance solutions that may seem expensive to you.

This blog discusses important motorcycle insurance savings tips that may help you get motorcycle insurance at affordable rates. Let’s see what the savings tips are.

Strategies to Adopt to Lower Motorcycle Insurance Rates

Following are the six strategies you can adopt as motorcycle insurance savings tips that can effectively lower your motorcycle insurance rates. They are:

  1. Drop Unnecessary Coverage 

    Keep your motorcycle insurance simple. It is the most logical motorcycle insurance savings tip that you can get. As the owner, you must know your vehicle’s worth. Based on its worth and your needs, buy only those essential coverages to ensure you fulfill your unique insurance needs, such as coverage protecting you from expensive liability claims.

  2. Join a Biker Club

    Your insurance provider may offer you a discount on your motorcycle insurance rates if you belong to a biker club such as the Motorcycle Safety Foundation or the American Motorcycle Association. An added benefit of being a member of such clubs is that your interactions with other members may lead you to improved insurance coverage.

  3. Discounts for Limited Usage

    If the usage of your motorcycle is limited, you may ask your insurance provider for discounts, if any. The discounts you may qualify for are low-mileage discounts or part-time rider discounts. Also, if you keep the motorcycle in storage during winter months, you can re-assess your needs and talk with your insurance provider about temporarily reducing certain coverages.

  4. Raise the Deductible

    It is a standard motorcycle insurance safety tip. How much you pay as premiums depends on the fixed deductible you agree to pay before your insurer reimburses you for damage or loss. You may increase the deductible amount, leading to reduced premiums.

  5. Install Safety Features

    By storing your motorcycle in a secure place or adding an alarm device to the lock, you reduce the risk factor of theft or vandalism. Also, by wearing the right protective gear while riding the bike, you protect yourself from injuries. These risk-mitigation factors may help reduce the motorcycle insurance rate.

  6. Minimize Claims

    Your insurance provider can award you a No Claim Bonus if you do not raise any claims during the policy period.

Get Complete Motorcycle Protection with Humble Insurance Group

We at Humble Insurance Group offer specialty motorcycle insurance that assures maximum protection at affordable costs. If you are looking for the best protection for your motorcycle in and around Washington, contact us today. You can also call us at (425) 226-8221 for further assistance.

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