Motorcycles are unique as compared
to automobiles due to their incredible speed, and the lack of protection that
is afforded to the operator. Additionally, many motorcycle owners are younger
people with less driving experience. For these reasons, insurance companies are
very careful when pricing motorcycle insurance.
You can control several factors that
can make you a more favorable candidate for motorcycle insurance in the eyes of
an insurance company.
YOUR AGE
While age is a factor in purchasing
any insurance, it is of particular importance when buying motorcycle insurance.
If you are a female under age 21 or a male under age 25, your rates will
automatically be higher than any other age category. A recommended method to
save on your insurance premium is to wait until you are beyond those ages,
which can significantly reduce motorcycle insurance premiums.
YOUR EXPERIENCE
If you are a new operator of a
motorcycle, many insurance companies want to know this and will adjust your
premium accordingly. New motorcycle operators are a bigger risk to insurance
companies as they are more likely to have accidents. If you are a new owner or
operator of a motorcycle, the only way to circumvent this is to shop around at
various insurance companies to find the best rate, as not all insurance
companies use this decisive factor in the same way.
YOUR RECORD
A rule that applies to any motor
vehicle operation is to be a safe driver. Your driving record is one of the
first things that an insurance company will look at when evaluating you as a
candidate for insurance. Speeding violations, traffic accidents, and insurance
claims are three factors that play heavily into an insurance companies
evaluation of you. By avoiding these things, you make yourself more attractive
to an insurance company.
With some insurance companies, your
accident history may have less of an impact on your candidacy if the accident
history was in an automobile rather than on a motorcycle. Again, shopping
around at different insurance companies is the best way to circumvent this
issue.
LOCATION
Many people do not realize that the
town where you live may have an impact on the insurance premiums that you pay.
If you live in a highly populated town or city, the likelihood that you will
encounter other drivers increases. This means that the chances of an accident
occurring also increase. If you live in a rural area, you will have less
contact with other vehicles, which may mean that you are relatively safer,
however you may also live in an area where speed limits are much higher which
is another factor of risk for an insurance company.
Consumers can find it frustrating to
consider all of these criteria, especially if you or your circumstances put you
in an unfavorable light in the eyes of the insurance company. Your tactic then
should be to change the things that you can and never ever lie to your
insurance company. If you are dishonest with your insurance company regarding
any of the questions they ask you, you can be denied insurance altogether. That
may be the least of your problems as this is technically insurance fraud, which
is a punishable offense.
YOUR WORK
Although unusual, if you use your
motorcycle for any business activities, you will have to disclose this to the
insurance company. Business use of a motorcycle will most certainly cause and
increase in your insurance rates. If using a motorcycle to conduct business is
a choice rather than a necessity, consider an alternate mode of transportation
in order to save money on your insurance premiums.
YOUR MOTORCYCLE
The type of motorcycle you own will
also play a factor in your insurance rates. Motorcycles designed for speed and
performance are clearly more dangerous than commuter style motorcycles or
cruising motorcycles. Accordingly, they will have a higher rate.
Modifications to your motorcycle can
also play a factor in your insurance rates. Modifications can be for speed or
for looks. If the modifications are for performance, and you have made you
motorcycle faster, then your motorcycle is now more dangerous in the eyes of
the insurance company.
If your modifications are just for
style and looks, you can also see and increase in your insurance rates because
now your motorcycle is worth more and their payment to you to repair the
motorcycle will be more in the event of an accident.
These suggestions will help to make
you a more favorable candidate for insurance companies. Consulting with
professional insurance agents and brokers for advice on the best insurer for
your situation will be by far the best step you can take to lower your
premiums.
Komentar
Posting Komentar