Stop Paying Too Much for Insurance

Motorcycle RiderYour agent gave a quote for the motorcycle insurance, but where exactly did that number come from? Premium information takes into account many factors, which can cause some policies to cost hundreds of dollars more than others. In fact, some motorcycle policies can cost up to $1,000 each year.

Here's a closer look at the 10 biggest factors that could impact your premium:
  1. Age: Males under age 25 are statistically probably the most reckless motorists, while middle-aged married males are statistically the most secure.
  2. Driving record: A driving history marred with tickets and/or accidents is considered to be an extra risk by insurance companies, leading to higher rates.
  3. Make and model: The cost of the specific motorcycle affects insurance costs due to the different repair/alternative costs.
  4. Custom add-ons: Specialty add-ons increase the value of your bike, which could increase your rate due to the greater costs of repair or replacement.
  5. Location: Your neighborhood may influence rates due to crime rates. People who store their bikes inside a garage inside a low-crime area pay less, while people who store their bikes outdoors inside a high-crime area will probably spend the money for insurance.
  6. Frequency of riding: Year-round bikers may pay more than those who ride their bikes seasonally or only on weekends.
  7. Weather: Those who live in disaster-riddled locations (i.e. areas with lots of tornadoes and hailstorms) could see higher rates due to the higher risk of damage.
  8. Bundling: Bundle your motorcycle coverage together with your other policies, like home and auto insurance. You can combine almost any insurance plan to save on your premium.
  9. Pay yearly: Just one yearly payment is cheaper for insurance companies to process than monthly obligations and those savings could be passed onto you. If a lump sum payment is an too much, try biannual or quarterly payments instead.
  10. Discounts: Lots of people are eligible for discounted rates, such as a new customer incentive discount, customer loyalty discounts or safe driver discount. Contact your agent to learn more.
We can help you find a motorcycle insurance policy that fits your needs. Call Auto Insurance Discounters at (816) 252-2255 for more information on Kansas City motorcycle insurance.
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