Reduce Motorcycle Insurance Costs With These Tips

by Administrator 27. December 2016 09:30

Whether you use your motorcycle for daily commuting or riding on the trails, getting it insured is must. It will not only safeguard your finances in the event of theft or accidental damage but also protect you and your fellow passengers. However, choosing a suitable insurance plan that fits your budget, can be difficult.

Let’s take a look at some tips which can help you to reduce your motorcycle insurance costs in Killeen:

Extensive research is important

If you are buying motorcycle insurance for the first time, make sure you research thoroughly about the various policies. You can compare quotes from different carriers and choose the most suitable plan according to your requirements.  Reading online reviews about them can also be helpful for you. The insurance carrier you choose, should have a good reputation in the industry.

Know what you want

Make sure you scrutinize your requirements so that you can choose the suitable coverage options. This can help you to cut down your insurance cost as you will pay only for the coverage you need.

Increase the deductible

The amount to be paid to the insurance provider in case of loss is the deductible.  You can lower your insurance premium by paying a higher deductible. However, you must ask your insurance provider the exact amount by which the premium will go down.

Choose the right bike

The type of motorcycle has a great impact on the insurance rates. If you buy a sports bike, you will have to pay more for the premium. On the other hand, a cruiser bike can help you save on your insurance. Make sure you buy a motorcycle with a less powerful engine in case you want to cut down on your insurance. Avoid choosing a bike with a lot of modifications.

Check your credit score

It is important to keep a check on your credit history as it can affect the cost of your motorcycle insurance. Make sure you pay your bills on time and clear off the debts.  A low balance on credit cards can also help to improve your credit score. This can be beneficial in lowering your insurance premium.

Maintain a clean driving record

In case you have never been involved in accidents or received tickets, you have a higher chance of getting discounts on premiums. This is because Insurance providers appreciate the riders who follow the rules and drive safely. You can even take a safe driving course to reduce the risk of accidents and maintain a clean driving record.

Ask about discounts

You may ask your insurance provider for various discounts related to the motorcycle insurance. Some of them are mentioned below:

  • Pay annually: You may get some discounts if you pay your insurance premium annually rather than making monthly payments.
  • Limit your mileage: Most of the insurance providers offer discounts to the riders who drive less than average miles per year as it reduce their chances of getting involved in accidents.
  • Age-related discounts: If you are an experienced driver, you may have to pay less for the premium. However, you must confirm it with your insurance agent as the rules of each state are different. 

Seek professional assistance

You may seek professional help while looking for motorcycle insurance. The agents will analyze your requirements and help you choose an insurance plan that fits your pocket. They will also explain the various coverage options so that you can make a wise decision.

Don’t make small claims

If you have a small dent or scratch on your motorcycle, avoid contacting your insurance provider. You may get entitled to ‘No claim bonus’ in case you have not filed a claim in certain amount of time. This can be beneficial for you in the long run.

Bundle your motorcycle insurance with other policies

Having more than one policy with the same insurance provider can help to build trust and reliability.  You may get more coverage options by paying less.
If you follow these tips, you will surely be able to reduce your insurance premium.

We, at Shawn Camp Insurance Agency, Inc. provide affordable motorcycle insurance in Killeen, TX. For more information, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Checklist For Buying Motorcycle Insurance In Killeen

by Administrator 20. September 2016 12:19

If you own a motorcycle, it is imperative that you purchase an insurance policy to protect yourself, your fellow passengers as well as your investment. No matter you use the bike for daily commuting or take it for occasional adventurous road trips, insurance coverage is essential to safeguard your finances in the event of a theft or accidental damage. However, choosing the right motorcycle insurance can be troublesome, particularly if you do not have any prior knowledge in this regard.

Given below is a complete checklist for buying motorcycle insurance in Killeen:

Legal Requirements
Before you begin your search for motorcycle insurance, it is a good idea to check the legal coverage requirements in Killeen. Get information on the type of coverage and minimum limits required for the same. However, it is important to note that the basic property damage and bodily injury liability insurance may not be sufficient to cover the cost of repairing your repairing your motorcycle. Make sure you analyze your requirements and make the decision accordingly.

Shop Around
Different insurance agencies in Killeen offer varied insurance plans and coverage options which makes it compulsory to shop around in order to find the best deal. Get in touch with multiple insurance providers and compare the policies as well as premium options offered by them. You can either call the insurance agents or request an online quote for motorcycle insurance by providing the make, model, VIN, license number and other such details.

Coverage Included
You need to carefully evaluate your coverage requirements to avoid paying for unnecessary coverage while making sure that you are adequately protected against unforeseen damages. Analyze the type of bike you have, usage, riding frequency, area where you park your vehicle and other such factors to determine the coverage limits you require.

Protection For Co-Passengers
Unlike car insurance, the fellow passengers are not included in a motorcycle insurance policy. Hence, if you are planning to ride two-up, you must buy the guest passenger liability coverage to protect the pillion rider if he sustains any injury while riding with you.

For comprehensive motorcycle insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We can help you choose the right insurance plan and coverage options to protect your finances in the event of an accident or theft. For more information, you can call us at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Ways To Save On Motorcycle Insurance

by Administrator 21. July 2016 07:38

An appropriate insurance policy is a must if you want your motorcycle to be fully protected in case of an unfortunate accident. While buying a motorcycle insurance policy, it is important to keep a few things in mind so that you can save money. Some of these have been listed below:

  • Size of your bike: The premium rates greatly depend on the make/model and engine capacity of the bike. A powerful engine can make the bike run at a very high speed, thereby increasing the risk of an accident. Therefore, you should try to buy a bike that is not too heavy and can be ridden rode safely. This is particularly true if you are going to buy a motorcycle for the first time. An easy-to-ride bike will help to bring down your insurance rates to a great extent.
  • Take a safety driving course: Novice or teen riders are bound to pay more money for motorcycle insurance as they are more likely to get involved in accidents as compared to experienced riders. Getting trained and certified in motorcycle riding can help you save money on your insurance policy. In a motorcycle safety class, you will learn about driving the bike efficiently while also ensuring others’ safety on the road.
  • Raise the deductible: Although increasing the deductible means you will have to shell out more money in case of an accident, it can significantly reduce your insurance premiums. However, you should raise your deductible only after evaluating your finances to see if it is an affordable option for you.
  • Drive less: If you ride your bike on a daily basis, there is a higher probability that you will have to pay a higher insurance premium. Even if you have a safe driving record, being a frequent rider increases your risk of being involved in a road accident. In order to save money on motorcycle insurance, you may consider riding your bike occasionally and ask for discounts on low annual mileage.
  • Store your bike safely: Installing an anti-theft device in your bike or parking it in a locked garage can bring down your insurance premium rates. Insurance companies charge less from riders who have a safer storage facility as this lowers the chances of the bike being stolen.

We, at Shawn Camp Insurance Agency, Inc., offer affordable motorcycle insurance policies in Killeen, TX. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Stay Protected With Motorcycle Insurance

by Administrator 14. March 2016 11:01

Motorcycles are expensive and must be protected against harm. While on the road, there may be many things that can go wrong with the vehicle. Insurance gives a sense of security and guarantee in case the motorcycle is damaged in an accident or requires repairs. It is best to insure against all eventualities so one does not get burdened with financial liabilities in case of a mishap. Motorcycle insurance is also like auto insurance where there will be a set limit up to which the company will pay and the rest will have to be paid by the owner.

  • Claims: When involved in an accident or breakdown, it is advised to immediately get in touch with the insurance agent. He will come and assess the situation to determine the liability accrued to the policy holder.
  • How much is enough: Based on the make and usage of the bike, one may decide on what type of insurance policy one would like to take. There could be a standard policy and if the bike is premium, one may customize the policy to include features suited to their needs.
    • Personal injury coverage: This insurance pays for any bodily harm caused to the rider while riding the bike.
    • Property damage liability coverage: If the bike causes any harm to someone else’s vehicle, property or other structures, this cover will help to pay for those damages.
    • Collision cover: If the bike is involved in any sort of collision with another vehicle, pole or divider, this cover will pay for damages caused to the motorcycle.
    • Medical Payments: All hospital bills, doctor fees get covered under this. One may take this for personal claim or for the injury caused by the vehicle to pillion rider or third party.
    • Theft and Vandalism cover: This helps if you frequently use your bike for trips where it may have to be parked at unknown locations.
    • Customized parts: This covers damage or repair of any customized parts in the bike like GPS system, accessory socket etc.
    • Roadside assistance: In case of breakdown of the bike, roadside assistance helps in towing and repair of the vehicle.

It is recommended to consult an insurance agent and work out the best policy according to your individual needs. He will help you to compare policies and evaluate the discounts offered by various carriers before signing a policy.

We, at Shawn Camp Insurance Agency, Inc., can help you find suitable motorcycle insurance in Killeen, TX. For more information, you can call us at (254) 526 – 0535.

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Motorcycle Insurance Killeen: Commonly Asked Questions

by Administrator 14. December 2015 13:17

Insuring your motorcycle will give you peace of mind and help to enjoy your bike ride to the fullest. Every bike owner wants to know what all coverage is required for his vehicle and how he can save money on overall insurance costs. There are several questions that you need to be clear about. Following are some of the commonly asked queries about motorcycle insurance:

How much cost do I need to incur for my policy?

While some states require you to get a certain type of coverage for your bike, others may not make it mandatory. Broadly, you require two major types of coverage in your motorcycle insurance policy – Uninsured Motorist Coverage and Bodily Injury Liability. The rates for both these types need to be at least $100,000 per person/$300,000 per occurrence.

How is my motorcycle insurance rate determined?

Some of the factors that establish your insurance rate are:

  • Type of motorcycle you own
  • The area where you reside
  • Your driving history
  • Age
  • The types of coverage mandatory for your bike under state law
  • Your financial history

Is my optional equipment covered?

If you have got a customized seat or a special part in your motorcycle after buying from the manufacturer, make sure to ask your insurer if all the optional equipment are covered in the policy. There are many policy providers who give comprehensive coverage but it may differ from agent to agent.

Should I buy collision coverage if I possess an old bike?

This will entirely depend on your situation. If you think your bike is less in worth than the amount of money you are paying for collision coverage, it is advisable to limit or drop collision coverage. However, if you are still repaying your motorcycle loan, the bank will require you to protect its investment with collision and comprehensive coverages. In case you completely let go off this coverage, you will have to incur the entire cost of repair or replacement. Therefore, you need to find a middle path and balance both the factors.

Can I avail any discounts?

There are some insurance agencies that offer multi-policy discounts. So, apart from your bike you can also buy another policy from the same insurance provider. Confirm from your respective agency as to what all multi-policy discounts they offer their customers. As far as motorcycle-specific discounts are concerned, you can get concession if you have undertaken safety courses, have an airbag or anti-lock brakes etc.

What are the available payment plans?

Most of the insurance agencies will give you the flexibility of paying your premium in full or installments. It is wise to confirm from your provider what all options they have in store for you.

If you are looking for affordable motorcycle insurance in Killeen, TX, feel free to contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535.

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How To Save Money On Motorcycle Insurance

by Administrator 20. October 2015 13:07

Riding a motorcycle without comprehensive insurance is not only risky but also illegal in many states. With the increased number of road accidents, insurance becomes a necessity to protect yourself against any sort of financial liability. However, you need not always spend a fortune to insure your motorcycle. Here are some of the tips that can help you help save on motorcycle insurance:

  • Increase deductible: A deductible is the amount of money that you need to pay towards the insurance claim before the policy comes into effect. You can raise the deductible in order to reduce the premiums for motorcycle insurance. By increasing deductible by a few hundred dollars, you can save up to 30% on your total insurance cost.
  • Avoid making frequent claims: To reduce your insurance rate, avoid filing claims for small and trivial damages. If you will make claims frequently for minor repairs, the insurance company is likely to charge a higher rate. Hence, you should try not to make more than one claim in a year. 
  • Check for discounts: An insurance agency may offer discounts to motorcycle owners who use their bikes less often. It may also offer reduction in rates if your bike has some safety features installed or you have completed a driving course. By availing such discounts, you can easily save some money on your motorcycle insurance.
  • Keep your driving record clean: To enjoy lower insurance rates, make sure you keep your driving records clean. A skilled driver may have to pay less for insurance as compared to one who is more susceptible to accidents. Avoid including any other driver with poor driving record to avoid paying hefty premiums. Having a teen rider in your policy can also make your insurance rates soar.
  • Avoid paying coverage you do not need: You can skip the coverage that you do not need. For instance, if you are going to ride the motorcycle alone, you can avoid paying for guest passenger liability.
  • Choose your motorcycle wisely: Certain sports models or high performance bikes are deemed risky by the insurance company. Therefore, you should choose your bike according to the premiums you are willing to pay. Make sure you do a thorough research before buying the bike.

We, at Shawn Camp Insurance Agency, Inc., offer a wide range of motorcycle insurance policies in Killeen, TX. Our agents will help you select the most suitable policy according to your budget and coverage requirements. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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Motorcycle Insurance Jargons Explained

by Administrator 7. September 2015 12:45

If you are planning to buy motorcycle insurance, you might have come across several terminologies that seem difficult to understand. However, having a proper knowledge of these terms is important to ensure that you are getting the best deal. Here are some of the common motorcycle insurance jargons along with their simplified explanation:

  • Agreed value: It is the amount that insurance company sanctions to insure your bike. The amount is based on the value of your motorcycle depending upon its make and model.
  • Sum insured: It refers to the maximum amount that the insurance company will pay in case of the total loss. The sum insured is explicitly mentioned in the policy schedule. You must review the sum assured at each renewal of the policy.
  • NCB or NCD: These abbreviations refer to No Claim Bonus or No Claim Discount. Their amount varies depending upon the period you had motorcycle insurance without making a claim.
  • Endorsement: It refers to the changes in the terms of the policy.
  • IPT: It is the Insurance Premium Tax that is levied by the government on all the insurance premiums.
  • Policy Schedule: It mentions the details of the coverage offered under the insurance policy.
  • Certificate: It is the document of proof that you have bought the motorcycle insurance. You may need to show the certificate to police when required.
  • Excess: In case you need to make a claim, you may have to pay a small amount initially, which is known as excess. Paying excess is compulsory and you can choose how much you are willing to pay. The more you pay, the lesser will be the premium.
  • Exclusion: A provision that explains what circumstances are not covered under the policy.
  • Period of cover: The time period for which your bike is insured.
  • Premium: The premium defines the monthly or annual amount that you pay for your motorcycle insurance. This depends upon the type of insurance you buy and the potential risk of damages or loss to your bike.
  • Protected bonus: This is the extra amount paid to protect the no claim bonus so that if you make a claim, you are still able to keep your no claim bonus.
  • Renewal: Renewal is the offer by the insurance company that allows you to renew the policy for another term. The renewal notice mentions all the details of the premium, amount of cover, excess value, agreed value, and so on.

We, at Shawn Camp Insurance Agency, Inc., can help you choose the most suitable motorcycle insurance in Killeen, TX. For more information, you can call us at (254) 526 – 0535.

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Choosing The Right Motorcycle Insurance Coverage In Killeen

by Administrator 19. August 2015 07:34

Getting your motorcycle insured is necessary to mitigate the risks and costs that may occur in case of accidents or breakdowns. It is even mandated by the law and it is illegal to drive a motorcycle without a comprehensive insurance. However, it is necessary to choose the appropriate coverage to make sure you are fully protected from any unanticipated losses.

Following points will assist in choosing the right motorcycle insurance coverage:

  • Liability Insurance: If you are responsible for causing any injury/harm to a third person or any property, then liability insurance will help to cover those damages. Some policies may also offer guest coverage which is meant for the pillion rider that may be present on your vehicle.
  • Collision Coverage: In case of an accident, irrespective of who is at fault, the collision coverage will pay for the repair costs of your motorcycle.
  • Comprehensive Package: This coverage option helps in protecting your motorcycle from non-accident related occurrences like theft, fire or vandalism.
  • Uninsured or Underinsured Motorist Coverage: If the person who caused you injury is either uninsured or underinsured and cannot match the extent of your expenses, this policy will cover your damages. 
  • Parts and Equipment: Normally if you have collision or comprehensive package, some part of equipment replacement is already covered. However, you can also opt for a separate coverage under which costlier parts will also be insured against damage. Make sure you ask your insurance agency about this.
  • Road Side Assistance: In the event of an unexpected breakdown of your motorcycle, your vehicle will be towed to the nearest service station for repair. You should check if labor costs are included in this policy or not.
  • Medical Bills Coverage: In case there is a need for any medical assistance after a collision, this coverage will help to pay the hospital bills, subject to the limit of your insurance policy
  • Look for a Discount: Since there are many motorcycle insurance policies available, it is important to compare all of them and choose the one that offers best discounts and offers.
  • Additional Benefits: You should also ask your insurance agency about any other benefits that they would offer on your motorcycle insurance.

We, at Shawn Camp Insurance Agency, Inc., provide comprehensive motorcycle insurance in Killeen, TX. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Motorcycle Insurance In Killeen, TX

by Administrator 11. March 2015 08:19

Motorcycle accidents can cause injury to self and others along with damage to the motorcycle. Thus in order to protect yourself and your vehicle you must buy motorcycle insurance. Your insurance policy cover will offer you financial assistance in case of an accident.

Why motorcycle insurance is important?

  • Legal Requirement: Motorcycle insurance is a legal requirement and riding a bike without valid insurance is a traffic offence. This can lead to huge fines, penalty points and legal actions. In extreme cases it can also lead to cancellation of your driving license.
  • Protects Financially: With insurance, you can be rest assured that in case of an accident, basic third party cover will compensate for property damage and medical bills. Due to lack of insurance, you will have to bear the financial responsibility of the losses solely. However if you have third party fire and theft protection cover, then your insurance company will compensate you for repairs. This enhances your protection cover. You can invest in comprehensive motorcycle insurance to cover your bike against accidental damages, theft, fire and any legal claims.
  • Enhances Security: Insurance plans with added features increase your security and safety. Such covers include breakdown covers, legal expenses coverage and personal accident protection. You can get customized plan to insure your motorcycle.

A number of insurance companies offer competitive motorcycle insurance policies. Thus in order to derive maximum benefits at the most affordable prices; you should always compare the policies. You should ask certain questions to the agent to understand all the aspects of the policy and the way it affects your case.

Questions that you should ask an insurance agent before buying motorcycle insurance

  • Inquire about the cash value of your motorcycle, as it decides how much compensation you will receive if your bike is damaged in an accident.
  • Ask insurance provider how they calculate the cash value
  • Ask how your motorcycle is classified, as the high performance bikes or high-speed bikes are expensive and come with high insurance premiums.
  • You should enquire about any available discounts
  • Inquire if doing any training course will lower your insurance rates
  • Confirm what forms of coverage are compulsory.
  • Ask the agent about optional coverage, which may include comprehensive, collision, etc.
  • Inquire about how much insurance you need and how can you get the best rates
  • Ask whether any club membership can reduce the rates or not
  • What is the procedure for making claim

By getting answers to these questions, you can have better understanding of your motorcycle insurance policy.

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