Motorcycle Insurance Rates

Congratulations on the purchase of your new motorcycle! Now the real work begins – you have to find motorcycle insurance rates to protect you and your loved ones. Where do you begin?

Start with your auto insurance company. If you have existing insurance coverage, you certainly would want to call your auto insurance company and ask what motorcycle insurance rates they offer. Check to see if they offer any incentives by insuring your motorcycle and car with them. Ask if they offer any other discounts which you may be able to claim. Check with the other high end insurance companies such as Geico, Liberty Mutual, Nationwide, Progressive, and the like. As you shop around, keep in mind that motorcycle insurance rates will vary from state to state.

In order to secure the best motorcycle insurance rates available, you will have to do a great deal of research. There are quite a number of insurance companies online who offer rates for your bike. Check out each one of them and make a comparison. Depending upon what type of coverage you are looking for based on the year of the motorcycle; your age; your driving record; where you live; if your motorcycle is kept garaged or not – these are the questions you will need to answer in order to acquire the best rates available. If this if your first motorcycle, your rates may be higher. In addition, if you have a custom motorcycle; you will want custom motorcycle insurance to cover the more expensive peripherals you’ve added. Look forward to increased rates for custom bikes as well.

Let’s take one insurance company for example and see what they offer. Geico offers many discounts which could lower your premium. They give discounts to experienced riders as well as if you change insurance companies. In addition, they offer discounts if: you insure more than one motorcycle; for mature riders; when you renew your motorcycle insurance with GEICO® Motorcycle; completing a Motorcycle Safety Foundation or Military Safety Course; if you are a current Motorcycle Safety Foundation instructor; and if you also insure your car with GEICO. In addition to these great discounts, you will also benefit from GEICO’s Sunny Day Lay-Up Program. This program offers a winter lay-up credit but still covers you for occasional winter rides. Not bad!

For your information, "The Motorcycle Safety Foundation is the internationally recognized developer of the comprehensive, research-based, Rider Education and Training System. The foundation promotes lifelong-learning for motorcyclists and continuous professional development for certified coaches and other trainers. They also actively participate in government relations, safety research, public awareness campaigns and the provision of technical assistance to state training and licensing programs." Good to know!