Harley Davidson Insurance-When you own a Harley, you are part of a community. Perhaps that is why so many people who own them have such deep loyalty to the brand. There is also something about these machines that make them feel as if they’re more than just a set of wheels.
The sound, the look, and the feel all add up to something special. The loyalty that Harley owners have for their machines shows in their willingness to pay top dollar for them, along with all the accessories and modifications you can possibly imagine. Unfortunately, the high cost of ownership doesn’t end there.
If you own a Harley Davidson or another kind of custom motorcycle, getting insured can be quite expensive too. That is especially true if you live in an area where there aren’t very many other owners of similar motorcycles as you – which could mean you become a target for theft or vandalism if your car stands out from the crowd.
Why Are Harleys So Expensive to Insure?
The fact that most Harley owners are middle-aged men probably doesn’t help matters. As an insurance industry study found, men between the ages of 35 and 54 are the ones who are most likely to file a claim, especially on their vehicles. Harleys are also more expensive to repair than many other kinds of motorcycles, even after you factor in their higher resale value.
The engine, exhaust system, and the overall design of the bike are far more complex than on other types of motorcycles. The suspension on Harleys is also designed to be firmer than on other bikes, which makes them less safe in a crash. That said, the reputation of Harley Davidson owners for being good drivers may also have a hand in raising the cost of your insurance premiums.
5 Tips to Help You Save Money on Harley Davidson Insurance
The good news is that as an owner of a Harley you have more power than you may think to make sure you don’t overpay for your insurance. Here are some tips to help you do that: – Shop Around – This may seem like an obvious suggestion, but it really is the best way to find the best deal.
It may require a little effort to get quotes from different insurance companies, but it will be worth it if you are able-to save enough to make it worth your while. – Buy a Bike That’s Already Insured – This may not always be possible, but if you can find a bike that already has insurance on it, it may be cheaper for you to get the policy transferred over to your name.
Don’t Over Insure-his is a mistake that many Harley owners make. They tend to over-insure their bikes with coverage that they will unlikely ever need.
Consider Dropping Certain Coverage
If you don’t regularly ride your bike, it won’t be worth it to keep full coverage. You should also drop your policy when you take your bike out of the country.
Get a Discount for Roadside Assistance
Many insurance companies offer discounts for the cost of roadside assistance.
Check Out Bundling Options
If you own several vehicles, it can sometimes make sense to bundle them together under one policy with your insurance company. You can save money this way by getting a discount on your overall bill, and if one of the vehicles is a motorcycle you may be able to get it for a lower price.
Switching to an insurance company that offers a “fully loaded” policy that bundles all your vehicles under one policy may also save you money. It’s also a good idea to check with your current company to see if you are eligible for any discounts that might help to lower your premiums.
Switch to a Co-Op or Mutual Motorcycle Insurance Company
These types of insurance companies operate as non-profits and are designed to give lower rates to their members. It’s possible to switch back and forth between companies to find the best rates, and many of these co-ops and mutual insurance companies are open to people who own Harleys.
Other types of motorcycles. A co-op or mutual insurance company may also give you a discount if you have security measures like a security system or an anti-theft device on your bike.
Consider a Modified Bike Exclusion Option
Many insurance companies offer an option that excludes coverage for modifications that you make to your bike, including painting it, changing the exhaust system, or fitting it with aftermarket wheels. You can take advantage of this option if you don’t want to remove these things from your bike, but you do want to save money on your insurance.
While this may seem odd it seems the insurance companies are not worried about the modifications themselves but rather that someone with malicious intent might use them as a way to cause damage to your bike. This option can save you money on your premium, and you can still keep everything you want on your bike.
Summing up
Overall, owning a Harley is a lifestyle choice that comes with both great joy and high costs. Luckily, there are ways to save money on your insurance, and many of them are things that you can do in advance to lower the premiums you will be charged. If you own a Harley, you are part of a community. Perhaps that is why so many people who own them have such deep loyalty to the brand.
There is also something about these machines that make them feel as if they’re more than just a set of wheels. The sound, the look, and the feel all add up to something special. The loyalty that Harley owners have for their machines shows in their willingness to pay top dollar for them, along with all the accessories and modifications you can possibly imagine. Unfortunately, the high cost of ownership doesn’t end there.
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If you own a Harley Davidson or another kind of custom motorcycle, getting insured can be quite expensive too. That is especially true if you live in an area where there aren’t very many other owners of similar motorcycles as you – which could mean you become a target for theft or vandalism if your car stands out from the crowd.
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