It’s been a hot summer! Too hot to enjoy a carefree afternoon on the open road with your motorcycle. As you prepare your bike for cooler fall rides, it’s a good time to confirm that you’re taking full advantage of your motorcycle insurance to ensure your bike remains in roadworthy condition. Read these tips to make sure your motorcycle coverage works in your favor:
- Check that your coverage is up to date: As obvious as it may sound, it’s a good practice to double check your policy’s expiration date before beginning a period of heavy driving. Please note that some insurers have reserve periods during seasonal changes when coverage may be restricted. If you like to travel in the colder months, check with your insurer to see if your policy contains similar limitations.
- Keep your policy up to date: Inform your insurer of any changes, such as additional passengers, a change of address, or the purchase of a new bicycle. A quick call will take care of these cases.
- Covers custom parts and equipment: If you’ve installed chrome cladding or given your motorcycle a custom paint job, you’ll likely increase the value of your motorcycle. Be sure to add these updates to your policy to ensure complete coverage in the event of theft or collision.
- Eliminate unnecessary coverage: Older bikes may not need as much coverage as what you are currently paying for. It is recommended that you consider removing collision coverage if that premium equals ten percent of the market value of your motorcycle. In this case, it may be cheaper to pay for out-of-pocket repairs in the event of an accident than to continue paying the monthly collision premium.
- Increase your deductible: By raising your deductible to the maximum amount you can pay if you file a claim, your premiums will go down and you can save money every month.
- Ask for discounts: Call your independent insurance agent to see if you are eligible for any discounts that may be available. Remember that prices can vary greatly between companies. Your agent can shop around for you and review quote comparisons to make sure you’re getting the best deal.
- Specialization in motorcycle insurance: Some insurers specialize in motorcycle insurance. These companies understand your unique needs and offer specialized coverage designed for motorcyclists and their bikes. Ask your independent agent if one of these insurers is a good fit for you.
With the right policy, you can be sure that you and your bike are safe to enjoy those long autumn rides. Visit us on our website to get a free Oklahoma motorcycle insurance quote today!