If you own a shiny new motorcycle, you are likely interested in heading out to the open road as soon as possible. That said, a brand-new bike can cause your motorcycle insurance to go up in price compared to what it cost to cover your old one. If you want to try and keep your monthly premium down, here are a few tips to keep in mind before you hit the road.
1. Is It a Main Vehicle or Not?
Most insurance companies ask questions like whether or not a vehicle will be your primary mode of transportation and whether or not you will use it to commute to work before they decide what your premium will be. If the motorcycle is your only vehicle, then there's not much to change here, but if you intend to only take your bike out on sunny weekend days and use another car during the week, call your insurance company and make sure they know that. Letting them know the motorcycle will not be your primary vehicle could save you a bit of cash.
2. Take a Class
Most people don't like the idea of going back to school, but in this case, it could be to your financial benefit. Some insurance providers offer a discount if the motorcyclist takes a certified course on motorcycle safety. Call your insurance provider, and they may even be able to point you towards a class in your area. Complete the class, and you'll have a little extra cash in your pocket every month with the added benefit of being a safer driver.
3. Join or Point Out Your Motorcycle Association
Many bikers belong to trade organizations or even local groups that get together just for fun. If your group is part of a national organization, they may have already negotiated a deal with an insurance company or two. Your paid dues to your motorcycle association could earn you discounts on a variety of different things, and that includes the insurance for your bike. Talk to your association's leader or your insurance company today for more information.
If your new bike has led to a higher than expected motorcycle insurance bill, don't freak out. It might be possible to lower your insurance premium if you play your cards right. Call your insurer and inquire about classes or any potential discounts you might not be aware of and make sure your bike is not classified as a primary vehicle if you will only use it on weekends.