Each motorcycle insurance provider maintains different policies regarding rate discounts. To find these discounts you'll need to do some research, inquiring with individual insurance carriers about possible discounts and lower-rate incentives. Here are some ways to save now on your rate:
- You're a homeowner.
- You're married.
- You have had no at-fault accidents during your previous policy period, or at-fault accidents in the last three years.
- You complete an approved motorcycle safety course.
- Your motorcycle is equipped with LoJack, an anti-theft tracking system.
- You have a clean driving record, with no accidents or violations within three years.
- You pay your policy bill in full rather than in monthly payments.
- You have a history of paying your bills on time. Some carriers will run a credit report on you.
- Bundle your policies, making you eligible for a multiple policy discount. This would entail, for example, combining your motorcycle with condo, homeowners, auto, or another motorcycle.
- You switch to another insurance company. Some providers offer transfer discounts.
- You're a member of one of the following motorcycle organizations: American Motorcycle Association, BMW Motorcycle Owners of America, Gold Wing Road Riders Association, Gold Wing Touring Association, Harley Owners Group, Honda Riders Club of America, Motorcycle Safety Foundation, or Motorcycle Touring Association.
- You annually ride a limited number of miles.
- You ride a certain type of bike. Cruisers, for example, have lower rates than sport motorcycles.
- Work with an independent agent. Independent agents know their product and work with multiple carriers, to find you the coverage you need, at a price you can afford.
For more information check out http://horizonincome.com/motorcycles.html
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