Buying a motorcycle can be an exciting process, and for many motorcycle fans a motorbike is a much better choice than “a metal box with wheels.” It’s also true that motorcycles are involved in a disproportional number of accidents, so it may not always be easy to find affordable motorcycle insurance.
Nevertheless, it’s still possible for you to save money when you get motorcycle insurance. You just need to act more sensibly, without succumbing to the “sensible” option of sticking to SUVs in the future.
- Do some comparison-shopping. This is the cardinal rule in buying insurance of any type, and it certainly applies to motorcycle insurance. The same policy can cost a lot less with one insurance company compared to another.
- Pick the right motorcycle. If you’re serious about trying to avoid expensive insurance rates, you should get a more affordable motorcycle that won’t go as fast as a rocket. Expensive motorcycles cost more to insure, and that’s especially true for speedy motorcycles. Go for a more relaxed conventional model that many insurance companies prefer to cover.
- Enroll in motorcycle training courses. This is a great way for you to learn how to be a safer motorcycle rider. By learning what you can from these training courses, you’ll know what to do on the road so you can avoid possible accidents.
In addition, your willingness to participate in these courses show some form of maturity and responsibility that insurance companies respect. Your best bet is to ask the insurance company if they recommend any training courses that can result in lower premium payments.
- Maintain a clean driving record. Many insurance companies offer serious discounts on premiums when your driving record doesn’t have any serious accidents and traffic violations. Of course, the definition of what a “clean” driving record may vary depending on the insurance company. So try to ask potential insurers if your record qualifies you for certain discounts with them.
- Use your social clubs. Many motorcycle owners are members of motorcycle organizations such as the Harley Owners Group, the Honda Riders Club of America, and the American Motorcycle Association. Your membership in these types of associations can result in a discount of 10% on your premiums.
- Consider a higher deductible. The general rule for insurance is that a higher deductible results in lower premiums. So check your bank account to see just how much in repairs you can afford before you’ll want to ask the insurance company to cover the expenses. If you can afford to cover a larger repair expense, then set a higher deductible so you can pay less for your monthly premiums.
- Ride less. Insurance companies are pretty much aware that the more you drive, the more likely it is that you will file a claim. So it’s best of perhaps you only ride your motorbike on the weekends, while you drive a conventional car to work. Talk to your insurance company, and they may reduce your premium payments if you can show a low annual mileage for your motorbike.
- Install antitheft devices and park your motorcycle securely. Many insurance companies can recommend safety devices and measures. When you comply with these recommended measures, your insurance company can reward you with lower premiums.
- Live in a safer neighborhood. Insurance companies know that if you live in a bad part of town, your motorcycle is more likely to be stolen. So do try to live where it’s safer. It’s safer not just for your motorbike, but for your own health as well.
The trick to paying less on motorcycle insurance is to demonstrate that you prioritize safety over excitement. Ride your motorcycle safely and infrequently, and you may enjoy lower insurance premiums—and few injuries as well!