1. Your Personal Credit Score:
A high quality credit score is your first step in finding affordable motorcycle insurance. Usually a "good" credit score is anything over 715 but a person between 700-715 should do ok as well. If you don't have a score that is in this range do not worry, you can most likely use your bike, it just might be a little more expensive for you.
If your credit score is close to that magical number, just not quite there yet, the best action to take is to try to get your score raised enough to qualify you for better rates on insurance. Two ways to do this are to pay down any balance that is currently on your credit cards and to update your credit report and dispute any negative statements that you feel are misinterpreted or in error.
2. The Amount You Choose For Your Deductible:
The smallest payments are typically accompanied by high insurance deductibles. The purpose for this is because with a commitment to pay a high deductible the insurance company is carrying less risk in the event of a claim. One reason for this decrease in risk is simply that you are offering to pay a larger amount in the event of a claim, a second reason for the decrease in risk to the insurance provider is their belief that having the possibility of paying a higher deductible will influence you to drive more safely.
3. The Type Of Driving History That You Already Have:
Your individual motorcycle history will influence your cost for motorcycle insurance. The more extensive the history that an individual has, the cheaper the coverage will be for the individual. Obviously, the number of claims on previous history will influence cost as well.
The age of the applicant can also influence the amount that they pay. People that are older tend to get better rates on motorcycle insurance than younger riders.
4. Purchasing Batch Insurance:
When you buy more than one type of insurance from a single insurance provider this is called "batch buying" and it can save you a good deal of money. For example, purchasing motorcycle insurance can sometimes cost you much less when you are buying it from a insurance provider that you are also getting automobile from.
5. Type of Motorcycle:
The bikes that will cost the greatest for motorcycle insurance are sport type motorcycles, also called "crotch rockets" and bigger touring bikes. Crotch Rockets are more expensive to insure due to the greater frequency of claims against them, touring motorcycles are expensive because they are typically driven much greater distances than other motorcycles.
Conclusion:
These five factors on obtaining the cheapest motorcycle insurance possible will be able to help you get the best quotes on rates and prices. We recommend that you obtain rates for coverage from multiple providers before deciding what one to go with.
We wish you good luck in finding a quality motorcycle insurance provider.
A high quality credit score is your first step in finding affordable motorcycle insurance. Usually a "good" credit score is anything over 715 but a person between 700-715 should do ok as well. If you don't have a score that is in this range do not worry, you can most likely use your bike, it just might be a little more expensive for you.
If your credit score is close to that magical number, just not quite there yet, the best action to take is to try to get your score raised enough to qualify you for better rates on insurance. Two ways to do this are to pay down any balance that is currently on your credit cards and to update your credit report and dispute any negative statements that you feel are misinterpreted or in error.
2. The Amount You Choose For Your Deductible:
The smallest payments are typically accompanied by high insurance deductibles. The purpose for this is because with a commitment to pay a high deductible the insurance company is carrying less risk in the event of a claim. One reason for this decrease in risk is simply that you are offering to pay a larger amount in the event of a claim, a second reason for the decrease in risk to the insurance provider is their belief that having the possibility of paying a higher deductible will influence you to drive more safely.
3. The Type Of Driving History That You Already Have:
Your individual motorcycle history will influence your cost for motorcycle insurance. The more extensive the history that an individual has, the cheaper the coverage will be for the individual. Obviously, the number of claims on previous history will influence cost as well.
The age of the applicant can also influence the amount that they pay. People that are older tend to get better rates on motorcycle insurance than younger riders.
4. Purchasing Batch Insurance:
When you buy more than one type of insurance from a single insurance provider this is called "batch buying" and it can save you a good deal of money. For example, purchasing motorcycle insurance can sometimes cost you much less when you are buying it from a insurance provider that you are also getting automobile from.
5. Type of Motorcycle:
The bikes that will cost the greatest for motorcycle insurance are sport type motorcycles, also called "crotch rockets" and bigger touring bikes. Crotch Rockets are more expensive to insure due to the greater frequency of claims against them, touring motorcycles are expensive because they are typically driven much greater distances than other motorcycles.
Conclusion:
These five factors on obtaining the cheapest motorcycle insurance possible will be able to help you get the best quotes on rates and prices. We recommend that you obtain rates for coverage from multiple providers before deciding what one to go with.
We wish you good luck in finding a quality motorcycle insurance provider.
About the Author:
Lots and lots of tips for saving money on for Cheap Motorcycle Insurance are provided on our website. You can also view our website for additional advice on buying Motorcycle Insurance.
0 comments
Post a Comment