Motorcycle Insurance Requirements

Pretty much everywhere you go, motorcycle insurance is required by the law. Each state, however, has a different law, and requires a different level of insurance for motorcycle drivers. Unfortunately, there’s no shortage of insurance companies waiting to take advantage of you – so be careful! Do your research and find the best rates with the best coverage in your area and make sure you are within the law.

Shopping for Motorcycle Insurance

There is a difference between insurance brokers and insurance companies. Brokers work independently of a company and shop around for the best deal for you. Insurance brokers may also charge a fee. Find out if you are dealing with an insurance broker or an insurance company because you may want to do your shopping yourself.

Shop around extensively when looking for motorcycle insurance – you will find that rates can vary drastically. Ask your friends and family what kinds of rates they pay for their insurance. If you do not already own a bike, you may want to look into buying one that is cheaper to insure.

Cutting the Costs of Motorcycle Insurance

If you want to lower your motorcycle insurance costs, there are a number of things you can do. If you are a safe biker, with no accidents on your record, chances are your insurance costs are low. You may have the option to pass a safety test at your local DMV, which can also lower your costs.

Group insurance, or insurance that is tied to your homeowners insurance, may also save you money. Find out if insurance is offered through your job or if you can tie your insurance in to your auto insurance. You may be able to find a discount by combining these expenses.

If you are a recreational biker, and like to take the bike out on the weekends or in good weather, your mileage is low. Many insurance companies offer low-mileage discounts. Be sure to tell your insurance company or broker that you do not put many miles on the bike as this makes you cheaper to insure.

Keep up your credit! Having good credit makes you a good candidate for insurance. A good credit rating shows responsibility, and responsible people are the most attractive to insurance companies.

There are a number of ways to keep your motorcycle insurance low, but the most important thing is that you have it! No matter how good of a driver you are, the road is a dangerous place and the law requires that you motorcycle insured and motorcycle safe.