 TITLE: What Kind of Insurance Does a Motorcycle Need? CONTENT: How to Save on Motorcycle Insurance\n-----------------------------------\nWhen you're looking for motorcycle insurance, don't overlook discounts. Here are six discounts that you should inquire about:\n1.  Training discount: You might be able to lower your premium if you've completed a motorcycle safety course.\n2.  Multiple-bike discount: If you own two or more motorcycles, you might qualify for a rate reduction.\n3.  Multi-policy discount: A number of insurers extend discounts to customers who buy several policies from them, such as motorcycle, car and home insurance.\n4.  Membership discount: You could qualify for a discount if you, for example, are a member of the military, belong to a vocational association or bank with a credit union. An insurance company may even discount your rates if you're employed by a partner company.\n5.  New customer discount: Some insurers offer a discount when you switch to them from one of their competitors.\n6.  Good driver discount: If you've gone years with an accident, an insurer might lower your premium.\nDiscounts aren't the only avenue for saving money on motorcycle insurance, though. Here are a few other ways to save:\n*   **Shop around.** Getting quotes from several insurers could wind up putting more money in your pocket in the form of lower premiums. That's because each insurer uses its own formula for setting rates. Insurance companies may view your situation differently and grant you lower rates accordingly.\n*   **Raise your deductible.** If you increase your deductible from, say, $500 to $1,000, you might be able to trim your insurance costs by hundreds of dollars a year. Keep in mind, though, that if you bump up your deductible, you might need to have more cash on hand in case you file a claim.\n*   **Strip down your coverage.** Consider buying only the minimum amount of insurance required, such as liability coverage. Doing this can also end up costing you if you file a claim in the future. END