Don't Let Bike Insurance Quotes Dampen Your Spirits

If riding the motorbike exhilarates and excites you

, you probably lose a little of that excitement when you receive your latest motorbike insurance premium. Insurance costs continue to climb and soon you'll find that the savings on fuel from your motorbike and the excitement of riding soon pales in comparison to the pain of paying premiums.

However, you can do something about the situation if you simply take a few minutes before you pay your next insurance premium. You need to shop around to find the best price on motorbike insurance. Sure, you might really like your agent but do you like him enough to pay extra for his insurance? You probably don't.

You could call all the other agents in your area to get a quote on insurance but that takes time and most of them want to schedule an appointment. The thought of spending several evenings with insurance representatives or taking time from work to meet with them isn't a pretty prospect. The easiest way to find a better price is to check online.

Not every company has the same experience in claims, expenses or investment income. Insurance companies set their base rates that way. Some companies have bad years when it comes to motorcycle claims and have to increase their premiums for bike insurance.

Of course, you didn't have the claims, but you'll pay for it in increased premiums. You can get cheaper insurance by shopping for companies that offer lower prices due to fewer and lower costing claims.

Insurance companies often offset their costs with investment income on surplus premiums. If they have a great investment team, they simply cover losses with the growth from their investment money. Of course, if the team doesn't do well, you pay for their lack of expertise in investments by paying higher prices.

That's why it pays to shop around. You don't always know who has high expenses, high claims or great investing experience but you can find the company that offers the lowest price. When you use an Internet site that offers multiple companies, they don't care whose policy you pick, so they show all the prices without bias. This gives you the opportunity to not only compare prices but also compare prices of policies with the exact same cover.

You have to be careful when you shop for bike insurance. Some representatives will try to cut the cost of the policy by offering lower benefits. They may increase the voluntary surplus on the policy or reduce the amount of liability cover. They may offer third party only insurance or not offer extras such as cover for your helmet or leathers. Always check to make certain that the cheap insurance quote offers the same cover as all the rest do otherwise you're really making a savings.

Do your homework and compare rates on a like-for-like basis, read what's being offered carefully and remember that if you find a ludicrously cheap bike insurance quote the chances are you won't be getting the amount of cover you need.

by: Tom Jones

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