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This article discusses some proven tips to lower the premiums of your motorcycle insurance policy. By implementing industry-approved security measures, you can hope to lower the premiums by 10 percent. Fitting an alarm or identification system can help reduce premiums. In addition, you may also consider installing approved locks and ground anchors. While some of these security measures will cost you very less, the benefits of installing them are indeed more. You can avoid theft besides getting a low priced motorcycle insurance plan. You must maintain your no-claims bonus. While a claim-free year will let you save about 15% on your car insurance, the savings can be about 40% when it comes to motorcycles. Every year you manage to maintain the NCB, you are on a fast track to make a huge saving on your premiums thereby becoming eligible for a life-long cheaper insurance. While it is your personal taste and choice to decide the make and model of your bike while buying, remember sports bikes will cost more to insure than any other machine you can compare with it. Though they are faster, sharper and easy to handle and stop faster, you need to decide whether you need all these aspects in your bike since they matter much when it comes to pricing of the motorcycle insurance premium. There are some websites that give you cash backs from purchases. While purchasing a product through a cash back site with which you have registered, you earn a slice of the commission that the cash back site gets on the deal. Since some insurers too have registered with these kinds of cash back sites, you can hope to find some discounts by purchasing insurance products from them. Decide on the coverage you really need. Work on the various aspects of a policy and decide whether you need fully comprehensive plan, third party only or third party, fire and theft coverage. You can decide on this aspect by analyzing how and how frequent you use the bike, where you park it, where you drive it and so on. By eliminating the coverage you do not need, you can hope to save as much as 40% on the premium rates. Most insurance plans give you options either to pay monthly or annual or one lump sum installments. When you pay lump sum, the insurer will be loaning you the entire amount of the year’s premiums but charging interest on the entire sum while you pay them monthly. Choose to pay the whole premium on a 0% credit card and pay it off monthly thereby keeping the interest off your back. While you will have to pay at the inflated interest rate, you will have paid the year’s premium at the end of the year through this arrangement thereby saving a good deal of money. An average motor bike covers 3,000 miles in a year. If you are using your bike only during weekends, then look at capping the mileage. The fact is that the lower is the annual mileage; the lower is the premium rate. If you never take a pillion rider with you, then you are entitled to get the discount meant for the solo rider. Tell your insurer about this and get discounts. Advanced riders’ course and driving certifications can also help you lower your premium rates. Use some comparison websites to find the best deal on your motorcycle insurance plan. At the same time guard yourself from scams out there. Consider whether the plan you want to buy meets all your coverage requirements besides meeting your budget. The author is expert on writing about US insurance industry his article on cheap motorcycle insurance and writes exclusively on cheap motorcycle insurance quotes are read with great anticipation and eagerness.
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