Motorcycle insurance: Tips to get cheaper premiums

Although you hear about accidents that occur across the globe on a daily basis, there a lot of people who still don’t understand the relevance of having good insurance coverage. To some of them it is still an unwanted expense and a drain on their finances. However when it comes to motorcycle insurance you need to keep in mind that under most of the laws it is mandatory to have such insurance if you own one of these vehicles. So how do you ensure that you get a good rate when it comes to buying coverage for your motorcycle? Listed below are a few tips that will help you get cheaper premiums in this regard.

Enrol for advanced riding courses

One of the easiest options to ensure that you can get a good discount on your motorcycle insurance premiums is to enrol yourself for advanced courses in motorcycle riding. There are two advantages of joining for such courses. The first advantage is the fact that such courses will help you rid better and improve your riding skills a lot. The second advantage that you stand to gain is that your premiums can be reduced by up to 20%.

Check out websites that help you compare premiums

While buying motorcycle insurance you should not seek quotations from one insurer only. With so many players in the market there are chances that someone else might offer you a better rate. To be on the safer side you can use websites that help you compare the rates of all the major insures. These websites help you compare each element in a quote and help you decide on the better option. They also help you decide the exact coverage that you require and thereby prevent you from buying unwanted coverage.

Riding alone reduces your premium

It is a well-known fact that the real method of riding a motorcycle is to do it alone. Solo ridding is the way to go and most people prefer to do it this way. However there are people who would like to travel with a companion and such people have to obtain additional coverage when they opt for a motorcycle insurance cover. In case you are sure that you will be riding alone you can ask the insurer to exclude the companion coverage. This will help you reduce your premiums. However do keep in mind that in such a scenario if you end up carrying a companion it is illegal and in case of a mishap your insurance claim will be rejected.

Fix your mileage

One of the easiest methods of reducing your motorcycle insurance premium is to fix an annual limit on your mileage. You can analyse you requirements during the year and arrive at a required mileage first. Once you have this in place you can negotiate with the insurers for a reduced premium. Under normal circumstances the premium gets reduced as the mileage goes down.

Before you buy coverage make sure that you have covered all aspects mandatory under law. Keep a copy of your coverage with you at all times.