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How to Lower Your Motorcycle Insurance

motorcyclist in florida on the road riding a harley, How to Lower Your Motorcycle Insurance

It’s never too late to start saving money, especially when it comes to motorcycle insurance, which is pretty expensive. But don’t worry – the motorcycle accident attorneys at The Fran Haasch Law Group got you covered!

How Can I Pay Less for Motorcycle Insurance?

You can do a few things to lower your motorcycle insurance rates. For starters, make sure you get all the discounts you qualify for. You may also be able to save money by increasing your deductible. And finally, shop around for the best rates.

Here are ten ways to save on motorcycle insurance:

Get Multiple Quotes

This is probably the most obvious way to save money on your motorcycle insurance, but it’s still worth mentioning. By getting multiple quotes from different insurers, you can easily find the best deal for your needs.

Choose a Higher Deductible

Raising your deductible will lower your premiums, but it’s important to ensure that you have enough money saved up in case of accidents.

Bundle Your Motorcycle Insurance With Other Policies

Bundling your motorcycle insurance with other policies, like car insurance, can save you a lot on insurance costs in the long run.

Ride Safely

This one may seem like a no-brainer, but by riding safely and avoiding accidents, you can lower your premiums significantly.

Choose a Smaller Bike

If you’re looking for ways to save on insurance costs for your motorcycle, choosing a smaller bike is a great option. Not only will it be cheaper to insure, but it will also be easier to handle and safer on the road.

Shop Around for Discounts

You may be eligible for several different discounts, so it’s always worth shopping around. Typical discounts include safe driver discounts, good student discounts, and veteran discounts.

Live in a Rural Area

If you live in a rural area, your motorcycle insurance premiums will likely be cheaper than if you lived in a city. This is because there is less traffic and fewer accidents in rural areas.

Don’t Ride During the Winter

Riding your motorcycle during the winter can be dangerous, leading to a higher motorcycle insurance premium. If you don’t need to ride your bike during the winter, try storing it in a garage or storage unit until the weather warms up.

Add Safety Features

Adding safety features like anti-theft devices and side mirrors can also help you save on your motorcycle insurance.

Ask for a Quote

If you’re not sure how much it will cost to insure your motorcycle, ask your insurer for a quote. This will give you an idea of what to expect and help you find some deals you didn’t know about.

Lowering your motorcycle insurance premiums doesn’t have to be complicated. By following these simple tips, you can easily find the best deal possible for your needs.

A motorcyclist with a protective helmet in his hand next to his motorcycle. Taken at night. Photograph

Other Ways to Lower Your Motorcycle Insurance

If you’ve followed all the steps above, here are some additional tips to make sure you save as much money as possible on insurance costs.

Take a Motorcycle Safety Course

Motorcycle safety courses are specifically designed to make you a safer motorcycle driver, therefore making the chance of an insurance claim less likely and making you less of a risk to your motorcycle insurance company. Companies often offer a discount between 10 and 15 percent for taking a safety course.

It’s required for new motorcyclists in Florida to take and pass the Basic Rider Course (BRC) through an FRTP authorized sponsor before they can have the motorcycle endorsement added to their license.

You can check with your local Florida DMV to find more approved courses. You can also visit the Motorcycle Safety Foundation website for classes.

Biker Club Discounts

When you join a motorcycle riding club, they may offer discounts to their members. For instance, American Motorcycle Association members receive discounts from well-known suppliers of motorcycle services, gear and apparel, bike rental, transport, and hotel stays. It’s worth checking to see if your club provides this benefit.

You can also check out local motorcycle clubs in Florida.

Keep Your Driving Record Clean and Become a “Preferred Operator”

This one is pretty self-explanatory – the better your driving record, the cheaper your premiums will be.

Buy Only The Coverage That You Need

Don’t buy insurance coverage that you don’t need. For example, if you only ride your motorcycle occasionally, you may not need comprehensive or collision coverage.

You can save money by excluding collision insurance, accessory insurance, or total loss insurance. You can also leave out medical coverage if you have a reliable health insurance plan.

Motorcycle Insurance FAQ’S

Q: How much does motorcycle insurance cost?

A: The cost of motorcycle insurance varies depending on many factors, including the insurance company you use, the make and model of your bike, your age and driving history, and where you live.

Q: What is the best way to save money on my motorcycle insurance?

A: There are several ways to save money on motorcycle insurance, including raising your deductible, bundling your policies, and shopping around for bargains.

Q: What should I do if I’m involved in a motorcycle accident?

A: If you’re involved in a crash, it’s important to contact your insurance company as soon as possible. They will help you file a claim and will likely assign an adjuster to handle the claim.

If the crash was due to another driver’s negligence, you may need a motorcycle accident lawyer. At Fran Haasch Law Group, we have extensive experience with motorcycle accident cases and can file the claim for you.

Q: I’m moving to a new state – do I need to change my motorcycle insurance policy?

A: You may need to update your motorcycle insurance policy if you move to a new state. Contact your insurance company for more information.

Q: What should I do if I’m not sure how to ride my motorcycle?

A: If you’re not sure how to ride your motorcycle, it’s important to take a safety course. Many insurers offer deals for riders who have completed a safety course.

Q: What should I do if I’m in an accident and don’t have insurance?

A: If you’re involved in an accident and don’t have insurance, you may be liable for the damages. It’s important to contact an attorney to discuss your options.

Q: Does bike insurance go down when the bike is not ridden?

A: This is a question that we are often asked, and unfortunately, the answer is no. Your premiums will stay the same whether your bike is being ridden or not. However, if you have an accident while your bike is not being ridden, your rates may increase.

Close up shot of motorcyclist at sunset in florida without a motorcycle license

Need a Motorcycle Accident Lawyer?

The law for motorcycle accident cases can be complicated. Contact the Fran Haasch Law Group attorneys if you’ve been involved in a motorcycle accident. Our motorcycle accident lawyers understand we have committed to protecting motorcycle rider rights. We have years of experience helping riders get the compensation they deserve.

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