Tips on how to pay less for motorcycle insurance

Buying a motorcycle can be very rewarding, especially if you live in a city with frequent traffic jams. Likewise, it can be used on major roads and for long trips when the bike is very powerful.

Out of respect for the insurance code, all motorcyclists must insure their motorcycle. However, insurers offer other additional services that are in the assets of the insured, but the latter can always refuse.

What types of motorcycle insurance are there? What are the mandatory guarantees and additional guarantees? How, then, can you reduce your motorcycle insurance costs? Here are some tips and advice on how to pay less for motorcycle insurance. 

Different types of motorcycle insurance? 

After registering the motorcycle, the owner must take out insurance to protect others and themselves. Several options are available to him. 

Liability Insurance 

This insurance is compulsory for all motorcycle owners. It protects the victims of a motorcycle accident, i.e. the owner of the motorcycle. People, material values, etc. are taken into account. The passenger of a motorcycle, if any, is also insured, provided that he is wearing an approved helmet. 

Warranty vol

This is valid in the event of a motorcycle being stolen. With this type of warranty, your insurer will reimburse you for the value of the motorcycle based on its condition at the time of the theft. This is especially useful when you have a new motorcycle. If it's an old bike, it's best not to sign up for this warranty because you won't get anything out of it. 

Damage guarantees

In this type of contract, the insurer undertakes to take responsibility for the damage caused to your motorcycle, regardless of the culprit. The insurer also takes into account the condition of the motorcycle and pays the costs accordingly. However, there are two types of indemnity contracts:

Third party collision or damage agreement. It is valid if the second participant in the accident is identified. The transportation of the motorcycle to the nearest repair point is taken into account.

Comprehensive policy: As the name suggests, the insured receives full coverage regardless of the damage to the motorcycle and regardless of the culprit. 

Conductive body

It covers the physical damage of the insured in the event of a motorcycle accident. This is a guarantee that can be very helpful to you as it also ensures that resources are paid out to your beneficiaries.

What are the mandatory guarantees and additional guarantees?

All guarantees offered by insurance companies are optional. Some of them are also optional.

Mandatory guarantees 

As far as the car is concerned, liability insurance, which is still third party insurance, is also compulsory for motorcycles. This is provided for by article L. 211-1 of the Insurance Code. This article is made more expensive by Article L. 124-4, which reads: "The insurer of the vehicle owner is obliged to guarantee, within the framework of the contract, compensation for damage caused to a third party." Thus, the law provides for the punishment of any biker who fails to comply with this obligation.

Additional guarantees

Theft insurance, damage protection and driver protection are not mandatory in the insurance contract. Thus, the rider is not obliged to subscribe to it. He must weigh the pros and cons before choosing one or the other of these guarantees. He will make his choice based on the value of his motorcycle and how he rides.

How can I reduce my motorcycle insurance costs?

If you have to take out all the insurances offered by insurance companies, you may not be able to get by. Here are some tips to help you keep your motorcycle insurance costs down.

Choose your motorcycle well 

Depending on how you want to use it, you should research the characteristics of the motorcycle before choosing it. Choose a motorcycle or scooter that suits your needs. You also need to consider your age and motorcycle ownership, in other words, your experience. If you have recently started riding a motorcycle, do not take a motorcycle that is too powerful. 

Some insurers are reluctant to insure a new driver with a powerful car because they see him as a person at risk. The more expensive the motorcycle, the higher the costs.

Choose the right insurance company

There is no standard price for this or that type of guarantee. Not all insurance companies make the same offer. Take time to research the companies around you to see which one has the best deals. Take advantage of the competition between companies to come out on top.

Choose online companies 

Online insurers seem cheaper. These companies are virtual, so they do not have premises for which they have to pay rent and management costs. In short, their costs are reduced, which means prices are low. This way you can save money. In addition, with just one click, without leaving your home, you will receive all the information you need. 

Increase your franchise

In the event of minor damage to the motorcycle, bear the costs yourself. Do not report small claims. This increases your deductible and therefore reduces your insurance costs at the right time. Some insurers reward motorcyclists who show good driving behavior with a bonus malus system that can reduce insurance premiums. 

Choose a special service called Pay as You Drive.

If you drive a car from time to time, you should like this type of insurance. This is a service specified in the insurance contract, for which a fee is charged depending on the distance you travel. A sensor is built into your car so that you do not exceed the limit set by mutual agreement.

Get all your insurances in one company

It's about grouping all your insurances (home, car, health, etc.) and signing up for them with the same insurer. Because they say that the wholesale price is better than the retail price, your loyalty to your insurer makes them responsive to your requests. Thus, it will be easier for you to negotiate a reduction there.