Once you pass your M1 test it is time to start thinking about buying your own motorcycle and the insurance you will need to ride it. Motorcycle insurance can be a little confusing and also be expensive. Here are a few tips to help you get the best deal for your motorcycle insurance.
Take a Course
As can be expected insurance is based on experience and tends to be more expensive for new riders as they present a higher risk. Look into local accredited motorcycle training courses that will assist you in becoming a safe rider and also make it easier for you to pass your M1 test. Accredited courses will allow you to get a discount on your insurance, even as a new rider.
The Model of your Motorcycle
Speak to your insurance company and find out what models of motorcycle cost the most to cover. You can look at the fees associated with higher end motorcycles to help you decide what will prove to be the most affordable. Of course in theory if you can afford a higher end motorcycle you should be able to avoid the insurance. However one of the reasons higher end and more popular motorcycles have higher insurance rates is because they are more appealing to thieves. This can be a bit of a deterrent to buying this type of motorcycle. When purchasing your motorcycle you also have to consider how you will be using it. If you are zipping about the city you will require a different motor compared to one you need for travelling on the highway.
Ask about Deductibles
Deductibles can be one of the quickest and easiest ways to save money. The higher your deductible, the lower the rates you will pay. This is because the insurance company has less money to put forward when you make a claim. You will be made to pay more up front and therefore your rates are lower. There are good points and bad when it comes to a higher deductible. The worst is of course should you have damages to your motorcycle you may end up paying most of the bill.
Shopping for insurance online will show you the best prices by simply filling out a form. Make certain that you are making exact comparisons so you do not think you are getting a deal when in fact you are just getting less coverage.
