MOTORCYCLE INSURANCE DISCOUNTS YOU MIGHT BE MISSING OUT ON

Insurance providers often consider credit-based insurance scores when determining premium costs. Demonstrating financial responsibility by maintaining a good insurance score could result in savings on your policy.

While maintaining good credit does not afford a direct discount, it may impact your overall premium.

Motorcycles with higher displacement, sports models, or luxurious touring models with a higher chance of being stolen typically cost more to insure. By choosing a modest model, you can save on insurance premiums.

Though not a traditional "discount," the model you choose can directly affect your premium.

Motorcycle insurance companies often offer competitive rates to attract new customers. Therefore, ensuring appropriate coverages and eligible discounts can often result in better deals.

According to moneysavingsexpert.com, the prime time to review your current policy for appropriate coverages and discounts is 20 to 26 days before your renewal date¹.

Also, maintaining continuous coverage without lapses can help you avoid disqualifying yourself from discounts like Prompt Payer or Loyalty savings.

Take advantage of the opportunity to speak with an insurance agent for more personal service. An agent can provide tailored advice based on your specific needs and situation.

They can guide you on the best discounts applicable to your specific situation.

For Harley-Davidson Insurance you can call Customer Direct Sales Line: (866) 801-9186 or contact us.

You can reduce your premium costs by opting for a higher deductible or lower coverage. However, be sure you’re financially prepared for the higher out-of-pocket cost if you experience an insurance incident.

Before you make that big purchase, it's wise to check insurance rates for the model and type of motorcycle you're considering. Some bikes may have significantly lower (or higher) rates than others.

It is important to remember that each motorcycle insurance company has its own policies regarding discounts, and premium differences may not just be due to the model's value but also theft rates, repair costs, and safety ratings.

>> Additional Reading: Can you buy a motorcycle without insurance?

There are several ways to get insurance discounts based on your affiliations:

Harley Owners Group (H.O.G.) members are eligible for a discount on their motorcycle insurance through Harley-Davidson^® insurance.

Insurers often see affiliations like these as signs of responsibility and community involvement, reducing risk.

Similar to being a H.O.G. Member, insurers may offer discounts to members of approved motorcycle rider groups or associations. Your agent can validate this list during the quote process.

Many insurance providers offer discounts to motorcyclists who complete an approved defensive driving or motorcycle safety course. After all, defensive driving courses improve your skills, making you a safer rider and less risky to the insurer.

For Harley-Davidson^® Insurance, this covers courses completed within the last five years but does NOT include automobile driving courses unless required by the state.

Pro Tip: Look into state-approved Motorcycle Safety Foundation (MSF) courses or refresher classes if you've been riding for years.

Many motorcycle insurers offer exclusive discounts for veterans, active-duty service members, or members of the National Guard or Reserves. These discounts acknowledge the discipline, responsibility, and risk awareness associated with military training.

Suppose you pay your policy annually instead of monthly. In that case, you can lock in a sizable discount.

If, at policy renewal, there have been no lapses in coverage, late payments, short payments or issues with returned payments during the prior period, this discount is often automatically applied.

One of the more typical discounts, the multi-bike discount is automatically applied when two or more vehicles are on a policy.

If a policy is quoted at least one day before the policy's effective date, Harley Davidson Insurance will apply a discount.

Insurers will consider several personal traits that can help you secure lower motorcycle insurance premiums. Examples include:

This discount may apply when the operator has a valid motorcycle license or endorsement on their driver's license.

Owning your home can qualify you for additional discounts on motorcycle insurance, provided the named insured resides at the address and is an operator on the policy. After all, home ownership signifies stability and responsibility, traits that insurers value.

Proof of ownership may be required, including:

• Copy of homeowner's insurance policy

• Property tax assessment

• Mortgage payment coupon

• Title for mobile or modular home

More years on the road can translate into savings on your insurance. This discount is typically based on the number of years of on-road experience.

Renewing a policy while maintaining a clean driving record and avoiding at-fault claims or comprehensive claims in excess of $500 in the prior policy period may gain you a discount with H-D Insurance.

Note, any Roadside Assistance usage during the prior period will not affect this discount.

Now, let's move on to your motorcycle and how this can help you save money on insurance.

Insurance companies often offer discounts for insuring newly purchased motorcycles. Why? New bikes are less likely to have mechanical issues, which can reduce claim rates.

Installing approved anti-theft devices on your motorcycle can result in a discount. These include audible anti-theft alarms, NCIB “Phantom Footprints, " or DataDot Asset Identification System on the motorcycle's parts, LoJack, or other non-audible security systems.

Note^* your insurer may require comprehensive coverage for the discount to apply.

If your bike is primarily stored in an enclosed and secure structure (e.g., an enclosed garage), you may qualify for the garaging discount.

Note^* This discount usually applies only if the garage is at your primary residence listed on the policy.

Finally, insurance companies often reward customer loyalty with various discounts.

Switching to a new insurer can earn you a discount on your first year's premium. This is a strategy insurers use to attract new customers when the insured has had prior insurance within the last 60 days.

Proof of prior motorcycle coverage may be required, including:

• Policy declaration or renewal notice

• Insurance identification card

• Letter of experience on company letterhead

Exceptions may apply for government/military/private sector personnel returning from overseas duty.

For policies in effect for a specified period (for example, 12 or more continuous months), this discount may be automatically applied when a motorcycle is replaced or added, provided it is a newer model.

However, the age of the bike may impact this discount. For example, Harley-Davidson^® Insurance applies the following discounts:

• A 6%^* discount would apply for bikes less than one-year-old as of the policy effective date.

• For bikes aged between 2-4 years as of the policy effective date, that discount would drop to 3%^* and expire upon a full renewal term.

^*Discounts may vary by state

By understanding and leveraging these discounts, you may be able to reduce your motorcycle insurance premiums without compromising on the coverage you need.

Also, consider requesting a free personalized quote or review every policy period to ensure you're capturing all discounts available to you.

Remember, discounts and the percentage saved, and even the ‘names’ of the discount will vary widely from carrier to carrier, so be prepared to compare plans and inquire about all available discounts.

Drive safely, ride responsibly, and maximize your two-wheeled freedom!