Wish to reduce your motorcycle insurance premiums? No need to compromise on coverage! So, then how do you get cheap two-wheeler insurance? Take a look at this presentation to learn incredible hacks to getting cost-effective bike insurance from www.coverfox.com
6. 01.
Choose The Right Bike
Be Simplistic about the choice you make
Sports bikes and mean machines command
higher insurance rates
Choose a motorcycle model that your
insurance company favors
7. Insurance costs depend on location, age, driving
record, bike model, and occupation
Devote time to RESEARCH on the web
Make an informed choice!
02.
Figure Out Your Insurance Needs
Coverfox.com makes it easier for you with its two wheeler
insurance quotes and unbiased advice
8. 03.
Secure Your Bike in Safe Conditions
Save your bike from theft by storing it in a
secured garage
Also, doing so can protect against damages
and blazing heat
If you want, you can avail a discount of 2.5%
on premium by installing anti-theft system
devices that are approved by Automotive
Research Association of India (ARAI)
9. Costs and benefits of plans may vary due to
several factors
Compare bike insurance quotes to evaluate
what works best for you
Understand current quotations that are doing
the rounds in the insurance industry
Get more clarity on which plan gives you more
value for money
04.
Do a Side-By-Side Comparison
10. Membership with Automobile Association of
India (AAI), an organization that is powered by
IRDAI can get you up to 5%
concession on own-damage premium
It is always good to join a riders club to hone
your riding skills even if it does not offer
discounts on premium
05.
Join a Club
Safely stored motorcycle + Safe riding
= Access to No-Claim Bonus
11. How is NCB Formed?
DETAILS DISCOUNT
No claims made in preceding 1 year of insurance 20%
No claims made in preceding 2 years of insurance 25%
No claims made in preceding 3 years of insurance 35%
No claims made in preceding 4 years of insurance 45%
No claims made in preceding 5 years of insurance 50%
12. Deductible is the part of the monetary loss that
is borne by you on account of repairs at the
time of claims
If you’re a seasoned rider and wish to lower
your own-damage premium, you can choose a
higher voluntary deductible
However, ensure you have adequate funds to
put away, if at all you need to cover your repair
costs in the event of an accident
06.
Adjust Your Deductible
13. The average biker covers approximately less
than 3,000 miles a year
Reducing your annual mileage has more
chances of lowering premiums
Keep a tab on your mileage if you wish to keep
your costs down
07.
Cap Your Mileage
