If you are a new rider buying motorcycle insurance for the first time, you may find these tips helpful.
When the COVID pandemic struck, people stayed home, the roads were desolate, and suddenly motorcycle sales started to climb, often at double-digit rates. Both young riders, excited by the opportunity for something socially distant and exciting, and older riders, longing for the nostalgia of their youth, returned to their bikes. Suddenly, there was demand for motorcycles that had been in garages with lapsed registrations.
Whether you are returning to the sport or learning to ride for the first time, learning — or remembering how to — ride safely is essential.
All riders can reduce their premiums by taking an accredited training course (check out Motorcycle Safety Foundation’s training courses), and riding an older, smaller, less expensive bike. All else being equal, insuring an older cruiser will cost less than getting coverage for your Ninja or Ducati. In addition to less expensive coverage, an older bike may also reduce the risk of theft, allowing you to drop the comprehensive coverage.
Riders can reduce their premiums by taking an accredited training course and riding an older, smaller, less expensive bike.
Motorcycle Insurance Discounts & Programs
Having a large deductible will also reduce your rate. If you increase your deductible to $1,000 you are agreeing to pay the first $1,000 of a claim that is considered your fault. This decision on coverage may have a subtle effect on your riding style and approach: you will have to pay for any minor spills, but you can ride with comfort, knowing your insurance will cover any true catastrophes. It’s a win-win for you and the insurance company, and your annual premium will drop accordingly.
Ready to learn more?
Acacia Insurance has been helping to make the unexpected uneventful since 1988, and we look forward to working with you. Please contact us with questions and for additional information.