Finding Great Insurance

For those that don't ride their motorcycles often, pay-by-mile insurance policies are superior to others. They give motorcycle owners the ability to save money because they're not paying a set price each month when their motorcycles sit out. If this type of policy makes sense for you, there are a couple of things you want to assess first.

Mile-Tracking Process

After finding a provider to get a pay-by-mile motorcycle insurance policy from, you want to find out how they want you to track your miles. This will be different from company to company. Some will require you to install a special tracking device on your motorcycle. Other companies are less stringent and just want you to submit photos of your odometer. Just find out what you're supposed to do and then you can get the full benefits out of this policy by accurately logging the miles you've driven in a given period, which is usually on a monthly basis.

Base Rate

Even though you'll be charged based on how much you drive when you go with a pay-by-mile motorcycle insurance policy, you will probably still pay a base rate. It will just be significantly less than what you pay on a traditional motorcycle insurance policy. Still, you want to know what this base rate is first so that you can make sure you're getting a good deal out of this policy. Each provider should break down their pricing structure so that you can clearly understand what you're being charged.

Available Discounts

Although you'll be able to save more money on motorcycle insurance by going with a pay-per-mile policy compared to a fixed-rate policy, there are even more opportunities to save. The provider offering said policy should have some discounts that you can get for an even more cost-effective motorcycle insurance policy. For instance, you might be able to save money by paying for a year's worth of policy upfront. This is a good option to consider if you have a good idea of how much you plan on driving your motorcycle. There is also room to save money on a pay-by-mile motorcycle policy by taking safety courses and showing that you're not a risky driver. 

Pay-by-mile motorcycle insurance policies are available to those that don't drive their motorcycles very often. It's a great policy for saving money. You just need to look over important aspects of how these policies work so that you decide what's best for you and your motorcycle driving habits. For more information, contact a motorcycle insurance company, such as Quote Buy Ride, to learn more.