Getting the best life insurance for Harley-Davidson motorcycle riders is a snap when using the right agent and companies
Finding the lowest life insurance rates is easy when you have product knowledge and understand the application process
The best way to shop for life insurance for Harley-Davidson motorcycle riders is to connect with an independent insurance agent. This will save you time and money right from the very beginning. Trying to research the many life insurance companies and rates can be a real project when you don’t have the experience a professional insurance advisor has. There is never any cost or obligation when using an agent to do all the work for you.
Life insurance companies all have their own concept of the dangers of riding on only two wheels
It only makes good sense to apply with a company that is 100 % motorcycle friendly. If a given company has a positive outlook on motorcycles, their rates will reflect a lower risk factor. This simply means they will offer you some of the lowest rates for your new policy. Life insurance rates are based on how much risk is involved with insurance an individuals life. Most of the companies do not have a problem with motorcycles but applying with the most applicable carrier is one of the most important decisions you can make. Shopping for life insurance for motorcycle racing is an altogether different story. This is simply a form of high risk life insurance but you can still get covered with affordable rates.
The N.H.T.S.A. National Highway Traffic Safety Administration estimates you are over 36% more likely to die in a motorcycle crash than in a car or truck
The death rate of motorcycle riders has been going up through the years due to more and more traffic on the roads and highways. There are a lot more reports of “road rage” mainly because this is a more complicated and stressful world we all live in. Years ago the phrase “road rage” never even existed and now it has become a household word.
If you are riding a motorcycle and an altercation on the highway ignites. The safest thing you can do is pull over and let the driver of the car or truck go by. Common sense will tell you participating in this dispute could become a fatal incident. A motorcyclist is no match for a two ton car or truck. I have owned multiple motorcycles in my day and I know this is a no win situation right from the very beginning.
What type of policy is best for you?
You basically have two main choices to consider. You can purchase low cost term life insurance which is a temporary form of coverage. Term policies usually have term periods between 10 and 30 years. Your other choice would be permanent life insurance which will last the rest of your life. The modern day permanent products are universal life insurance which will cost over double what term does but it will never terminate unless you quit paying the premiums. You can also have both policies at the same time which can be very beneficial and cost effective.
*My advise is to purchase term life insurance. Universal life is a great plan design but probably 98% of the time, consumers will apply for term. Universal life is normally too expensive for most people. Whole life is usually totally out of the question with its extremely high cost.
What about Whole life insurance?
Since the introduction of universal life, whole life has just about become obsolete. The cost of whole life insurance is about five times the cost of term insurance. Many of the insurers no longer even offer whole life insurance. It is still used for burial policies which are also known as final expense policies. These policies usually have a face amount up to $25,000.00 and purchased by senior citizens. For all practical purposes you should dispose of any ideas about buying a whole life policy. Periodically whole life insurance will be purchased for babies. The premiums are inexpensive at this young age and the baby will then have life insurance for the rest of his or her life.
What life insurance companies have the best rates?
There are many excellent life insurance companies you can choose from in your state. The best life insurance company is going to be the company that offers you the lowest rates. This will depend on your specific information such as your age, health, occupation, and your lifestyle. We work with over 40 top rated companies but here is a list of some of the best ones know for competitive rates. These companies will also offer some of the best life insurance for Harley-Davidson motorcycle riders with low rates.
- Banner Life
- Protective Life
- American General
- Principal Financial
- Lincoln Financial
- Cincinnati Life
- SBLI (Savings Bank Life Insurance)
- Assurity Life
- North American
If you would like to see what your rates would be, use our free instant life insurance quote engine.
What is the application process all about?
When compared to years ago, the modern application process is as easy as falling off a log. We use telephone applications that take about 20 minutes to complete. The simple and quick telephone application process uses the high tech SnapApp system. Years ago all we had was the usual 20 page application that everyone always dreaded having to fill out. Online applications are fine too but the telephone application is still the biggest time saver.
How do the companies determine my premium?
The cost of term insurance will depend on several main factors such as.
- Your Current Age
- Your Gender
- Driving Record
- Medication Used
- Credit History
- Health History
- Height & Weight
- Dangerous Sports Involvement
- Hazardous Occupation
- Parents Health History
Medical pre-screens help determine what company to apply with
A medical pre-screen only takes a few minutes to complete but it could help save you a lot of money. We offer an online medical pre-screen form that we have applicants with health conditions complete. This information gives us the advantage to determine which life insurance companies we should have our new applicant apply with. We get all health conditions out in the open before the applicant sits down to apply. Your identity is never given to the carriers on a medical pre-screen, just your health conditions.
Did you know life insurance rates are regulated by law?
Here is something you really need to understand. Many consumers believe that the price of insurance can vary from one agent to another. Nothing could ever be farther from the truth. Buying insurance is not like buying a television or a new car. This means you can’t find a better price for the same insurer’s product and plan design. There are no sales prices, special discounts or rebates. The price of all forms of insurance are etched in stone with no variation from where you buy it. Each state has a department of insurance that regulates all of the insurance prices. If the insurance product is exactly the same, the premium will also be exactly the same. Read our blog post life insurance rates are regulated by law for more information.
There you have it!
Now after reading this blog post. I am sure you are an expert in shopping for the best term life insurance rates for Harley-Davidson motorcycle riders. Just kidding, if you want to get the best premiums just give us a call and we will be glad to help you. The good part is there is no cost or obligation for our help! Insurance can be a little confusing at times but you don’t have to bear the burden. Let an experienced independent insurance agent do all the work for you.
All the best,