As with any vehicle on the road, if you want to ride your motorcycle, you need to have insurance. If you already have auto insurance for your car, you need to add specific policies for your motorcycle. Insurance companies often perceive motorcycles are very risky, and insurance can be pricey, but there are ways to get cheaper insurance in New Jersey.
If you already have motorcycle insurance and want a less expensive policy, keeping a clean driving record may help you lower your rates. Remember, your policy must meet specific minimum requirements, and having additional, optional coverage will be more expensive. You may also consider completing a state-approved motorcycle safety course to potentially reduce your insurance rates. Motorcycle accidents are a surefire way to increase your insurance rates. Hire an attorney to help you prove that you were not at fault, which may help keep your insurance rates from increasing.
Get a free, confidential case review from our New Jersey motorcycle accident lawyer by calling Jerry Friedman at 1-800-529-4464.
Reducing Your Insurance Rates by Driving Safely in New Jersey
The surest way to make your motorcycle insurance more expensive is to have an accident. After an accident, your existing insurance premiums may be increased. If you have had accidents in the past and are shopping for new motorcycle insurance, your driving history may make a new policy more expensive than you think.
If you want to make your insurance cheaper, you should try to avoid accidents. The longer you can go without having an accident, the more likely it is that your insurance company will reduce your premiums. Many insurance companies offer incentives to avoid accidents. For example, if you can stay accident-free for an entire year, your rates may decrease.
If you are in an accident, our Atlantic City, NJ motorcycle accident lawyer will help prove you were not responsible.
Contact your insurance company to determine if a program like this is available. If you are shopping for new insurance, be sure to ask if they offer reduced rates for motorcycle riders with clean driving records.
Understanding Minimum Requirements for Motorcycle Insurance
If you want to get more affordable motorcycle insurance, you must understand the minimum requirements for motorcycle insurance. Policies must cover at least a certain amount of damages for bodily injuries and property damage. This often means that policies and prices can only go so low.
Whatever you pay, your insurance must meet the minimum requirements set by the state. In New Jersey, motorcycle insurance must cover no less than $15,000 for bodily injuries per person, $30,000 for bodily injuries per accident, and $5,000 for property damage per accident.
Determine what you need from your insurance and weigh it against what you are willing to pay. If the minimum coverage is fine for your needs, you should search based on the cheapest minimum coverage available. However, you might find that additional policies are important for you, and you might have to pay more money.
How Motorcycle Safety Courses Can Help You Lower Insurance Rates
When insurance companies have reason to believe that customers are safe drivers, they may offer cheaper insurance rates. Motorcycle riders have an unfair reputation for being risk-takers, and insurance might be costly. To show your insurance company that you are a safe driver, you can take a safety course.
Many insurance companies are willing to offer discounts to motorcycle riders who complete state-approved motorcycle safety training courses. NJ Ridesafe offers safety courses for new and experienced riders. Check with your insurance company to see if you can get cheaper insurance rates by completing a safety training course.
Research Insurance Policies From Other Providers in New Jersey
If you are new to motorcycles and buying motorcycle insurance for the first time, you should do thorough research on insurance providers. Various online websites and search tools may allow you to compare multiple insurance quotes at the same time.
If you are an experienced rider and currently have insurance, but are looking for cheaper alternatives, you may want to consider contacting your insurance provider to renegotiate your rates. Insurance companies often want to retain long-term, loyal customers who have no history of accidents. If this sounds like you, you might be in a good position to ask for a lower rate.
Adjusting Your Insurance Policy to Get Cheaper Motorcycle Insurance
Another way motorcycle riders might get cheaper insurance is to adjust how they pay for insurance.
Many insurance companies give customers various options for paying for insurance. For example, you might pay for your insurance in monthly installments or pay your entire annual fee up front. Often, paying the annual premium all at once is cheaper than paying per month.
Another option is to combine policies under one insurance company. You may get a better rate across all your insurance policies if they all come from one insurance provider. This may be referred to as “bundling” by some providers, and it might be a good idea if you have other insurance policies, like for your car or home.
How an Attorney Can Help You Get Cheaper Motorcycle Insurance in New Jersey
An attorney might be just what you need to make sure your motorcycle insurance remains cheap and affordable.
Accidents can significantly increase your insurance rates, and insurance companies often hesitate to reduce rates in the future. You should hire an attorney to help you after a motorcycle accident. They can help you prove that you were not at fault for the accident. If you were not responsible, the insurance company might not raise your rates.
If the insurance company tries to increase your rates after an accident that was not your fault, you can challenge them with the help of your lawyer. An experienced attorney who knowns how to handle motorcycle accidents can help you collect evidence that proves you were not responsible.
Contact Our New Jersey Motorcycle Accident Lawyer for Help Now
Get a free, confidential case review from our Trenton, NJ motorcycle accident lawyer by calling Jerry Friedman at 1-800-529-4464.