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Between gasoline prices and car insurance rates, motorcycles are looking downright
attractive. Many factors go into producing your rate for motorcycle insurance, including: your driving record, the length of time in years that you have held a drivers license, whether you hold a motorcycle license and the number of tickets or accidents(a dui or dwi can double your insurance rates or get you canceled), how much liability you require and whether you put comprehensive and collision coverage on the bike. Some of the higher speed bikes like the Ninja or Hyabusa affect your rate because of their potential speeds where as a $100,000 Jesse James will cost more to insure for comprehensive and collision. Motorcycle theft is a huge problem these days. Your insurance agent can be a great help in saving you money with simple recommendations, but he or she can do nothing about your credit score, so debt management has come to the forefront. In short, pay your bills on time, even if you pay the minimum. It's essential, for without credit, many big-ticket items are unavailable or you are charged a significantly higher interest rate and, in some cases, a higher insurance premium for that convertible BMW... How can you save money on motorcycle insurance?
a) take a defensive driving course;
b) keep your license clean! Stop speeding, don't run red lights, stop signs, etc. and pay attention!;
c) pay your premiums on time;
d) don't let friends borrow your motorcycle and garage your bike whenever possible.
e) Buy a motorcycle you can afford and call for the insurance quote before putting down a deposit!
The insight of a knowledgable insurance professional is priceless.
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