Owning a motorcycle is one of the convenient ways to drive on the road. However, motorcycles can be risky when it’s not safely driven. Driving can be fun, but it includes huge responsibilities such as following traffic rules, wearing gears, and acquiring safety insurance.
Motorbike insurance is essential to have safe driving and save you from unwanted expenses due to accidents. It’s a great investment that will come in handy if you get involved in a road situation. However, since having motorbike insurance is not cheap, you might have a second thought about getting one.
If you’re still in doubt about getting motorcycle insurance because of the high rates, there are ways to save money on getting motorcycle insurance.
Table of Contents
Here are some of the tips on how you can save on motorcycle insurance:
Consider the Style and Engine of your Motorbike
Most of the time, the cost of motorcycle insurance is determined by a variety of factors, including the style and engine size of your motorcycle. If you own a sports bike, the rates can be quite high depending on the model. If you’re looking to save from the insurance, try considering standard-style motorbikes to start with.
Moreover, in terms of engine size, motorbikes with mid-sized engines are more affordable to insure than the large ones. Once the engine capacity exceeds 650 cc, expect the rates for the insurance to escalate as well.
Always Ask for Bundle Discounts
If you previously bought auto insurance from a company, ask if they have bundle discounts when you avail of their motorbike insurance. Always take advantage of the discounts that the company offers to save money.
Take Advantage of Training Courses
Whether you’re a new rider or an experienced one, you should definitely take advantage of the motorcycle training course. It does not only teach you to safely ride your motorbike, but it has a bigger advantage when you purchase motorbike insurance. If you complete the training course, you’ll receive a certificate of completion which will be your ticket to save money from getting your motorbike insurance.
Once you’re certified, you can use the certification to get discounts from the selected insurance company. Just make sure that you applied to an insurance company that offers discounts for those who took motorcycle training courses. It will help you lessen your monthly premiums. You can find some of the motorcycle driving courses in Singapore here.
Consider Motorcycle Insurance Comparison
Don’t just take the first insurance plan that has been offered to you. Don’t limit yourself from that alone because there are plenty of options to choose from to get the best deal for buying motorbike insurance. Take your time and consider motorbike insurance comparison to choose the affordable yet suitable insurance for you.
Clean Driving Records
Insurance companies usually check their customer’s driving records as they also consider it when offering motorbike rates. It is most likely for you to get a higher insurance rate offer if you have a bad driving record. So, avoiding any road troubles such as traffic violations is a must to save money from getting your motorbike insurance. You should drive safely and as much as possible follow driving rules to keep your record clean.
Consider Adding the amount of your Deductible
If you’re getting motorbike insurance, consider adding the amount of the deductible. It will help you lessen the monthly premiums that you have to pay. The deductible is the significant amount of money you have to pay when you claim the insurance. Then, once you’ve paid the deductible, the insurance company will pay the remaining insurance claim.
Choose the Right Insurance Company
One of the best ways to lessen the cost of getting your motorbike insurance is by choosing the right insurance company. In choosing your insurance provider, make sure that you thoroughly research the credibility of the company and if they have good ratings.
There are also other companies that offer customization for insurance policies where you can choose the benefit that you can get depending on your need. One of the known insurance companies in Singapore provides such an offer that is quite helpful. Since you can customize the policy, you will have control over the rate of the insurance.
Get a quote from Direct Asia Insurance for a safe ride and excellent insurance services.
