If you own a bike and have not yet insured it, there could be terrible consequences if you become involved in an accident. Most states require motorists to purchase at least the minimum motorcycle insurance
coverage for their bikes. In North Carolina, state insurance law requires liability coverage for bike owners. Young bike owners who are on the hunt for affordable motorcycle insurance quotes in North Carolina can take a few tips from this article on how to save money on their policy.
How to Save Money on Your Motorcycle Insurance Policy
Enroll in Short Training Programs
Completing training courses that teach you how to become a safe bike rider will possibly help you earn discounts on your insurance policy. These motorcycle-training programs are especially helpful to those who are new to motorcycle riding or to those who’ve had an accident in the past.
Aim to Be a “Preferred Operator”
To be a preferred operator of a motorcycle means being a rider with a clean driving record bearing no history of or minimal case of accident, riding violation and tickets. Your insurance carrier will verify your records with North Carolina DMV. Preferred motorcycle operators typically get insurance premium discounts.
Customize Your Motorcycle Coverage
Make sure that you communicate with your insurance agent what you really need to cover for your bike. Your chosen motorcycle insurance must only reflect the way you actually use your motorcycle. You can tell your agent how often your bike is used, whether you only ride it on weekends or whether you use it as your basic transportation means to and fro work every day. This way, you get only the type of coverage you need.
Tap Into Motorcycle Organizations
It helps to be a part of a motorcycle association since these organizations sometimes tie up with insurance carriers for some perks and discounts especially on insurance costs. You can check out the following associations and see if you can tap into any of them:
- Motorcycle Safety Foundation Harley Owners Group
- American Motorcycle Association
- Motorcycle Touring Association
- Honda Riders Club of America
- BMW Motorcycle Owners of America
- Gold Wing Riders Association
Shop Around for the Best Quotes
These days, motorcycle insurance has become a buyer’s market that almost all insurance carriers offer. If it is your first time to get an insurance policy for your bike, take your time to shop around for the best quotes in North Carolina. Ask a few friends who are bike owners where they got their policies, make phone calls for inquiries, check reviews of your state’s top motorcycle insurance carriers, and compare quotes.
Increase Your Deductible
Increasing your deductible means lowering your premium payment on your motorcycle insurance policy. Higher deductibles let the insurance company assume less risk, and your motorcycle coverage becomes even better.
Inquire About Age-Related Discounts
A more matured biker has better chances of scoring a discount in getting or renewing a motorcycle insurance policy, especially if the biker’s driving records for the past 3 to 5 years is untainted. Depending on the insurance carrier, you may check with them for any age-related discounts.