Are you considering getting a motorcycle and want to secure affordable insurance rates, or are you already paying for motorcycle insurance and want to find out how to save some money? Motorcycle insurance in Edmonton has many similarities to other types of vehicle and automobile insurance, with similar strategies for how you can get a better insurance rate.
Take it from the insurance professionals at Capital Insurance Brokers; here are 5 solid ways to save money on your motorcycle insurance:
1) Choose a smaller engine
Insurance is all about assessing risks and, at the end of the day, a motorcycle with a bigger, more powerful engine statistically poses a bigger insurance risk than a less powerful motorcycle. Saving on your premiums begins as soon as you start looking for a new motorcycle. A more affordable motorcycle with a smaller engine will typically be more affordable to insure.
2) Take a motorcycle safety class
Another effective way to save on your motorcycle insurance in Edmonton is to take a motorcycle safety class. By showing your commitment to being a safe motorcycle rider and by showing that you successfully pass the course, you will come to be viewed as a much lower insurance risk. Young motorcyclists, whose premiums are typically much higher, can particularly benefit from taking a safety class.
3) Limit how much you ride
Don’t worry, we know that your main goal in purchasing a motorcycle is to ride it, and we don’t want to ask you to stay off it. However, you can save money on your insurance if you are smart about when you use it. For example, if you mostly got your motorcycle to take it out for a spin on weekends, then refraining from taking it to work every day and help keep your premiums low.
4) Choose a higher deductible
As with other types of vehicle insurance in Edmonton, you can benefit from lower premiums if you agree to a higher deductible. Though you’ll have to pay more out-of-pocket if you make a claim, you’ll be paying less each month. Consider your options carefully and only set a deductible that you could comfortably pay without putting yourself into financial debt.
5) Bundle insurances with the same company
Another common and effective strategy to save money on any type of insurance is to bundle multiple policies from the same insurer. Getting your home, automobile, and motorcycle insurance in Edmonton from the same provider will likely be much more cost effective than having policies with numerous different companies.
Affordable Motorcycle Insurance in Edmonton
The car and motorcycle insurance brokers at Edmonton’s Capital Insurance Brokers can help you figure out which of the above tips would work best for you and if there are any other ways for you to save on your motorcycle insurance. Our personalized service will make sure you get exactly the coverage you need at a price you can afford.
Contact Capital Insurance Brokers today for your free Edmonton motorcycle insurance quote and see how much you can save!