If you’re looking to get life insurance, the company is going to look at dozens of different factors when you apply for coverage. They are going to review everything from your age to your hobbies. Each factor is going to play a huge role in how much you have to pay for your life insurance protection.
If you’re in the process of trying to find cheap life insurance motorcycle rider rates may be a concern for you. Let me be the first to tell you, you’re not alone.
But the good news is, you’ll see little to no push back when you apply, and you’re eligible for some of the best premiums for life insurance.
Life insurance for motorcycle riders is primarily of little concern, yet there is a short list of companies you don’t want to apply with, the same goes with those who have health issues, such as diabetes or someone needing life insurance regardless of health, we can guide you in the right direction of which companies to steer clear of, we are here to help! We can even help you find insurance companies who offer up to one million dollar no exam life insurance policies.
Just because you ride a motorcycle life insurance doesn’t have to be more expensive. There are plenty of ways that you can get an affordable life insurance policy to give your family the insurance protection that they deserve.
Life insurance is the best safety net that you can buy for your family. It’s the best ways to ensure that your loved ones have the money that they need, regardless of what happens to you. We know that finding the perfect life insurance application can be a long and difficult process, but it doesn’t have to be. We can make the process as quick and straightforward as possible.
Life Insurance Motorcycle Rider And ATV Rider
If you’ve ever had a scare while riding your motorcycle life insurance may have come across your mind, just in case. If you asked your fellow riders about life insurance, they may or may not have the most accurate answers for you, so we’ll give you the ins and outs. In a nut shell, as long as you’re a smart rider, you’re good to go.
There are a few things you can do to limit the possibility of higher premiums for life insurance.
- Avoid Speeding Tickets
- Abide By Helmet Laws
- Don’t Drink And Ride
Whether you’re in a car or on a bike, your motor vehicle report is going to be reviewed when you apply for life insurance. Life insurance for motorcycle riders can even be impacted if you have a flawless riding record but a poor record in your car. They are are the same, because you’re the same owner, same operator.
If you have significant tickets on your record, violate noise ordinances repeatedly while riding, or have countless fines on your report due to reckless activity, this might look bad when you’re trying to obtain the best life insurance rates.
Not every area has helmet laws, but if you travel in or through a city or county with helmet laws, make sure to abide by them where possible. Every area has different fines, where some are strictly monetary, others not.
Obviously, never drink and ride. Getting a DUI/DWI will have the harshest of consequences when you apply for life insurance. It could be a huge markup in premiums, or you could get denied in some circumstances.
Apply Here, Not There
As I mentioned above, there are certain companies who will ask specific questions to riding motorcycles, others don’t ask any questions at all.
One company asks very pointed questions about motorcycle riders: New York Life. The questions ask if you ride, how much you ride (mileage), whether or not you use a helmet and what type of riding you do (recreational/professional). I can assure you, some perfectly qualified applicants who can apply through other carriers and get the best rates have been docked by this carrier for their riding, no matter the experience level. They should apply elsewhere.
Most of your major insurance carriers don’t mind if you ride, but all carriers will ask additional questions if you have multiple violations, or even just one severe count on your report. If you’ve got a squeaky clean record, you shouldn’t have any problems with life insurance motorcycle rates.
Deciding which Plan is Right for you
Before you apply for life insurance, you’ll need to decide which kind of plan is going to work best for you. There are several different kinds of policies that you’ll need to compare. Each of them has different advantages or disadvantages that you’ll need to compare based on your needs.
One common choice for life insurance is a whole life plan, which is a permanent form of coverage. These plans will give you life insurance protection for as long as you continue to pay the monthly premiums for the plan. They are a great option for anyone that doesn’t want to have to worry about reapply for a life insurance plan in the future. A unique advantage to whole life plans is that they build up a cash value component inside of the policy. The longer that you pay the premiums, the more value that is built up.
The most popular option for applicants is to purchase a term life plan. These policies are bought with a pre-determine expiration date attached to them. Once that date passes, the plan is no longer active and you’ll have to reapply for coverage. Because these plans are only effective for a certain time frame, they are going to be much more affordable than other options.
No Exam Life Insurance for Motorcycle Riders
Another option for life insurance coverage is a no medical exam policy, which will allow you to get life insurance coverage without being required to undergo the medical exam before they will accept your application. There are several advantages and disadvantages of these plans that you should be aware of when you’re shopping for life insurance.
A no medical exam is an excellent option for anyone that has several pre-existing health conditions or is in poor health. If you have a lot of blemishes on your medical records and you’re a motorcycle rider, there is a chance that you could be declined for coverage. With a no medical exam, your health isn’t going to play a factor.
Another advantage is that you can get life insurance protection much faster than you can with a traditional plan. With a normal policy, it could take up to a month to get approved. With a no medical exam, you can get life insurance coverage in a matter of days.
One of the significant disadvantages of a no medical exam is that they are going to be more expensive. The goal of the medical exam is to help the insurance company determine how much of a risk you are to insure, which will impact your premiums. Without the medical exam, the insurance company is taking a much great risk to give you life insurance, they are going to offset that risk by charging you higher monthly premiums.
Another pitfall of these plans is that there is going to be a limit on how much insurance coverage that you can purchase without taking the medical exam. With a traditional life insurance policy, you can purchase millions of dollars of life insurance, but with a no medical exam, most insurance companies will allow you to purchase around $250,000 of life insurance. For most applicants, this isn’t going to be enough protection.
Compare Motorcycle Life Insurance Rates Online
Knowing you can apply to most carriers now, we encourage you to get your rates directly online. This will not only save you time, but money and headaches. Unlike traditional insurance agents, we are independent agents, which means that we represent dozens of highly rated companies across the nation and we can bring all of the best rates directly to you.
Working with one of our independent insurance agents can save you both time and money on your life insurance application. In fact, finding the perfect insurance company could save you hundreds of dollars on your life insurance plan.
Shopping for life insurance online is extremely simple, and if you use a quote engine like ours, you’ll get to see your available premiums instantly, right in your browser. No e-mails, no call center annoyances, no hassle. It’s easy to compare quotes, find a company you want to work with, and even apply directly. It takes less than 5 minutes, and you can expect to have your policy in process by days end.
Don’t wait any longer to get the life insurance process started. You never know what’s going to happen tomorrow, and not having life insurance is one of the worst mistakes that you can make for your family.