Every motorcycle owner in Reading wants to lower their insurance rates. But is it possible for you? By using a few smart strategies, you should be able to get a better quote on your Motorcycle Insurance in Reading PA. Keep reading for some smart ways to save, and contact the professionals at Chester Perfetto Agency Inc. for more information on reduced rates.
Raise Your Deductible
Raising your deductible is one of the simplest ways to save on the monthly cost of your motorcycle insurance. For example, raising your out-of-pocket costs by $250 can often save you up to 30% on the cost of your yearly premium, according to the FCIC.
Join a Club
Riders who belong to certain driver’s clubs or biking enthusiast groups are often eligible to receive discounts of around 10% on their Motorcycle Insurance in Reading PA. Which group should you choose? Some popular groups that often get discounts include well-established clubs like the Harley Owners Group and the BMW Motorcycle Owners of America.
Bundle Your Insurance Policies
If you have other types of insurance, it can make financial sense to purchase all your policies through the same insurer. Bundling your motorcycle insurance with your boat, car or homeowner’s insurance can often save you 10% or more on your overall costs, according to BankRate.com.
Drop Passenger Liability
Do you always ride your bike alone? If so, make sure you’re not still paying liability insurance for an extra passenger on your bike. Many insurance companies automatically include the cost of this coverage in your package. Ask your agent whether you’re paying unnecessarily.
Ask About “Weekend Rider” Discounts
If your bike isn’t your primary method of transportation, it’s worth asking your insurance company whether you qualify for a “weekend rider” discount. Often, agencies offer reduced rates to motorcyclists who ride infrequently because they’re considered a lower risk than daily drivers.
Ask About Other Discounts
The insurance business is highly competitive, and companies are constantly coming up with special discounts to entice new customers. For example, you could be eligible for an insurance discount if you’re a senior citizen, a military veteran or a stay-at-home parent. You may even be able to snag a discount just for storing your bike in the garage.
There are many ways to lower the cost of your motorcycle insurance and make your hobby more affordable. Talk to an insurance agent for even more ways to save.
