When it comes to riding a motorcycle, whether you have a traditional cruiser, a hog, or even a racing bike, you need to be aware of all of the options that are available for discounts. As long as they are out there in the first place, then why would you (or anyone) want to pay more than you have to? Consider the following discounts that are typically available for motorcycles and see if you can save some serious cash on your next insurance policy.
Organization Discounts
While it’s hard to tell for sure exactly how many motorcycle organizations and clubs exist in the world, it’s clear there are many. According to Bikers USA, there is a fairly comprehensive list of both groupings as well as the specifics of being chartered. With respect to groupings, there are motorbike clubs, riding clubs, associations, groups, and owner groups. While you may only belong to one of these, the truth is that if you are a part of any of them, then you could be in line for a substantial insurance discount.
The reason for this type of discount is pretty simple. People who ride together will not only be able to protect each other while riding, but they can also continue to watch out for each other off the road as well. When it comes to belonging to an organization or association, then the rider will be more likely to care about riding in general and will therefore be more likely to protect their bike and ensure it performs at top levels. By being with others, you can also protect yourself better as you learn from others and continue to hone your abilities as compared to those who just jump on a bike and go out for fun.
Multiple Discount
When you think about the idea of having multiple cycles on the same policy, then it means you are able to use the same principles as listed previously with groups, but it shows that there will typically be multiple drivers riding together. Throw that in with the fact that multiple cycles on the same policy means a decreased cost with respect to administrative expenses, and you can easily see why so many riders in the same family are able to capitalize when it comes to multiple motorcycle insurance quotes. The more bikes you have, the lower the rates on each one.
Safety Course Completion Discount
Because of the minimal amount of protection on a given vehicle, the need to take as many safety precautions as possible is imperative. According to a story by iBerkshires, the amount of motorcycle crashes on the road in 2014 was at almost 100,000, while the number of motorcycle fatalities reached almost 5,000. In short, if you can complete a course on motorbike safety, there will be a significant amount of premium you can get back in the form of a cycle safety course discount.
Good Rider Discount
If you are a good driver with traditional car insurance, then you are going to be seen as far less of a risk. When that happens, your premium will decrease and you can definitely wind up saving money so long as you don’t have any accidents. This kind of mentality also applies to dealing with motorcycle insurance. You can save a lot of premium if you haven’t had any claims. As long as your history is scot free, then you will see your premium drop like a stone.
Traditional Discounts
Just because you need a motorcycle policy doesn’t mean the traditional discounts suddenly disappear. Make sure to inquire about these to see if you can save a significant amount of cash just by doing stuff you might already do in the first place. Paid-in-full premiums as well as safety and recovery devices are all beneficial to any policyholder’s premium, and many people don’t even realize it.
People can’t read your mind, and if you don’t ask, you might not get a discount. The insurance companies do need to make money, but they also have to remain competitive in order to draw in new policyholders. Verify whether or not you can save some money just by looking into what discounts are available out there and you’re sure to receive at least a few discounts that’ll lighten the load off your premium.
