The beautiful mild temperatures we’ve been having these past few days can’t help but make you dream of long spring nights. It’s the perfect time to fire up the barbecue, go for a nice evening walk, or for some take a long-awaited cruise on your motorcycle!
While winter isn’t quite over yet, it is safe to say we can at least begin planning for the spring season. If you’re planning to purchase your first motorcycle or if you’re simply looking to get yours on the road again for spring, remember that Liability insurance for your motorcycle, like car insurance, is essential. While every rider has to have a policy in force, not every rider is getting the most out of that policy. Without proper research, like car insurance, you’ll want to find the best insurance coverage for the ideal cost. The good news? There are a few insider tips that can help ensure those premiums are providing you with the best deal possible.
Discounts Can be Provided to Riders
Generally speaking, there is a ton of information and focus on car insurance online, but it’s not so clear what’s available as far as motorcycle insurance goes. There is a lot of focus on car insurance discounts out there, so sometimes it’s not so clear that motorcycle insurance qualifies for a number of discounts as well.
Insuring your motorcycle at the same company where other policies are in places such as a home insurance or car insurance policy, can earn riders a multi-policy discount and therefore a discount on your motorcycle insurance. Several insurance brokers like those at Will Marshall Insurance will offer discounts to those riders who have taken an adequate riding safety course(s). Never assume there are no discounts available for motorcycle policies; we are here to help you get the most out of your policy. Feel free to discuss with us any concerns, as we are happy to ensure you are properly protected and your motorcraft is covered.
Raise Your Deductible
Another great way to get the most out of your motorcycle insurance policy is to lower your monthly motorcycle insurance premiums through raising your deducible. Deductibles and premiums move directly opposite, so the higher your deductible is, the lower your monthly premium will be in return. This may be an option that will work for you, and can be successfully completed by redirecting the difference into a separate savings account that can be accessed and used should you face unexpected expenses or if you’re involved in an accident.
Keep Insurance Coverage Year Round
In a lot of cases, riders are under the impression that they are saving on insurance costs when they cancel their insurance policy throughout the winter season. In actuality, however, most insurance companies have already factored this off-season period for motorcycles into their rates. As insurance brokers, we know you don’t ride during the winter months, so we will account for this in the rates we offer. Canceling your insurance policy for the winter will leave your motorcycle at risk as a result.
How? Even if a motorcycle isn’t on the road, an uninsured bike is still at some risk. Whether it’s theft, vandalism, or fire, these are just a few of the ways a motorcycle can be damaged throughout the cold, winter months. If such an occurrence takes place and your motorcycle lacks insurance, there will be no coverage to handle required repairs or replacement. Basically, canceling your insurance policy for the off-season may wind up costing you more in the long run.
Do Your Research for Best Rates
Like anything, it’s always best to do enough shopping around for motorcycle insurance quotes before choosing a provider. This is the only approach that will allow you to find out exactly what sort of premiums are available and whether or not there is a better deal available out there for you. You could be getting better coverage at a lower cost, so always seek to work with insurance brokers who have a strong focus on recreational insurance options, including motorcycle coverage, as you’ll likely be provided with greater flexibility.
For motorcycle insurance quotes in Barrie, Orillia or Simcoe County get in touch with Will Marshall Insurance Brokers Ltd., 705-726-2551!