The first thing you need to understand is that there is no need to go for the deal offered by the motorcycle loan lender or the dealership. You have the right to choose your own insurance company and you should make use of that right.
When searching for the cheapest deal, there are two different paths that you can take: requesting free online quotes on the internet from different insurance companies, comparison sites, etc. or visiting local insurance companies to see what they have to offer.
In any case, if you want the cheapest price possible, you need to search around and compare prices. If you just accept the first offer you receive, chances are that you won’t close on such a good deal.
Internet Motorcycle Insurance Companies
Internet can be amazing when it comes to finding good deals on insurances or financial products. It provides you the ability to obtain free quotes within minutes from many different companies. Moreover, there are sites that have already run comparisons and offer them to you to see which deal best suits your needs. However, you need to be careful and do your research as some sites have agreements with certain insurance companies and you know how tricky numbers can be.
Bear in mind that though you may not find so many motorcycle insurance companies online, by searching for car insurance or vehicle insurance you will learn that the same companies offering these types of insurance also offer motorcycle insurance. Always remember to do background checks on all companies you are considering as an option since there are many scams out there too that you want to be safe from.
Local Insurance Companies
Contacting local insurance companies might be a smart choice as well. Though you can’t compare so many quotes as with online lenders, if there is a previous relationship with the company it is feasible to negotiate better terms.
For instance, if you contact your insurance company where you purchased your mortgage, house, fire, life or car insurance or maybe a combination of several insurances, chances are that they will be able to tailor a motorcycle insurance policy suit for your budget so as to keep you happy and most importantly to keep you as a client.
Also, the possibility to obtain an insurance combo containing a car plus motorcycle insurance and sometimes even life and home insurance too will guarantee that you get promotional fees and reduced costs. In any case, you have nothing to lose by contacting your current insurance company to ask whether they can tailor a motorcycle insurance policy that is cheap enough for you to prefer them over other offers you have received.
Don’t be afraid of letting them know that you have received other offers. Moreover, ask them to improve them by showing the documentation that other insurance companies have provided you with. That’s the best trick to get them reduce their profits and offer you a better deal. After all, they will prefer a reduced profit than no profit at all.