Dear Terry, My question is about motorcycle insurance. I am an older first-time motorcycle buyer. What is the cheapest way to insure my motorcycle? I have been insured with the same auto and home insurance company for 12 years with no accidents or claims.Also, what do I check to make sure I don't get a "lemon" motorcycle? -- BudDear Bud, Regarding motorcycle insurance, your rate will depend on three factors: engine size, cost of the bike and whether you have taken motorcycle training classes. To compare insurance rates, check out InsureMe, a Bankrate company.And although I have never used the service, there is a company -- Cyclechex -- that offers a vehicle identification number check service for motorcycles.Here are this week's reader questions:•Credit crunch killing car lease deals•How do I get cheap motorcycle insurance?•Will an insurance query hurt my credit?•Can I take over my mom's car loan?If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter. advertisementRelated Links:What factors affect car resale value?National auto loan rates for July 1, 2010Buy or lease -- which works best for you?Related Articles:Auto loan ratesCar service costsFree service on US cars
Dear Terry, My question is about motorcycle insurance. I am an older first-time motorcycle buyer. What is the cheapest way to insure my motorcycle? I have been insured with the same auto and home insurance company for 12 years with no accidents or claims.
Also, what do I check to make sure I don't get a "lemon" motorcycle? -- Bud
Dear Bud, Regarding motorcycle insurance, your rate will depend on three factors: engine size, cost of the bike and whether you have taken motorcycle training classes. To compare insurance rates, check out InsureMe, a Bankrate company.
And although I have never used the service, there is a company -- Cyclechex -- that offers a vehicle identification number check service for motorcycles.
If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter.
A little research could save you BIG on interest.