There are a number of things that can help you save on motorcycle insurance including taking an accredited course before you get your Alberta Motorcycle license. Here are some tips to help you save on motorcycle insurance:
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Accredited Course: Insurance companies look at new drivers as higher risk. In order to help improve your experience you should take an accredited motorcycle training course so you can be eligible for lower premiums despite the fact you are still a new motorcycle rider.
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The Motorcycle Model: As with cars, the higher the value of your motorcycle the more your insurance premiums. This is because popular, desirable models tend to be more attractive to thieves. Do some research and find out what kind of motorcycle appeals to you based on things such as the roads you will be riding and how long of a trip you will usually be taking. This will help determine things such as engine size. You can then consider brand and model and speak to your insurance broker to see if your preferred motorcycle will raise your premiums.
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Comparison Shop: Today most people are too savvy to settle for the first policy they are offered. Do some comparison shopping online to see the best deals you can get. Make sure you are comparing apples to apples so to speak so you know you are getting like quotes for like coverage. Watch for things such as deductibles, coverage such as comprehensive and third-party liability and of course coverage for theft. You don’t want to think you are getting a deal only to find out it is because something important isn’t covered.
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Deductibles: Many people get confused about the deductible. A higher deductible will reduce your rates but also involve you forking out more money in case of an accident and work being required on your motorcycle. Weigh the pros and cons before making your decision.
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Inquire about Discounts: Never be afraid to ask for discounts and how you can get the best rates. Consolidating all of your insurance is usually the best way to get a good deal, but you may also have multi-vehicle discounts or discounts associated with clubs, age and affiliations.
Make sure you have year round coverage even if you won’t be riding in the winter. Damage or theft can occur when your motorcycle is in storage and cancelling a policy will often affect your premiums.
