7 Big Tips to Lower Motorcycle Insurance Rates

Finding low priced motorcycle insurance, especially for younger riders, can be a challenge. However, a few tips can have you enjoying your ride with top coverage at a low cost.

It can be tough to even find companies that want to cover motorcycles, and tougher still to find affordable motorcycle insurance. A younger rider, who has not had a chance to establish a good driving or riding history, can have even more trouble than an older, experienced rider. However, everyone can benefit from a few simple tips to lower motorcycle insurance costs.

1. High end motorcycle costs more to insure

These types of bikes probably also cost more to service. However, insurers also like bikes with safety features. So if you are shopping for a new motorcycle, find out what your dollars are paying for. Be sure and compare motorcycle insurance quotes for the bikes you consider buying. After all, your premium will be part of your monthly budget, just like your motorcycle loan payments.

2. Consider a higher deductible

With almost any sort of insurance, raising a deductible is a quick way to lower premiums. The price difference between a $250 deductible, and a $1,000 deductible can be considerable. If you can put aside some of the premium difference in a savings account, to spend in case of a loss, this can be a good option. However, if that extra $750 in upfront costs, in case of an accident, cannot be put aside, you may want to leave your deductible lower.

3. Multiple policy discounts work for motorcycle insurance too!

You can take advantage of a multiple policy or multiple vehicle insurance discount. If you also have an auto to insure, a second motorcycle, or if you need a homeowners policy, you may be able to work out a better deal by using one company to carry all of your insurance.

4. Consider taking an approved motorcycle safety courses

Many insurers will offer a motorcycle insurance discount for riders who learn to operate their bikes safely, just as they offer discounts for car drivers who take a drivers safety course.

5. Join a motorcycle riders group

Some motorcycle riders groups and associations also offer access to discounted insurance.

6. Ride safely

It should be obvious that a history of accident or traffic violations will increase motorcycle insurance premiums.

7. Protect your bike

Some insurers will cut your rate for storing your bike in a protected garage at night, or for installing anti-theft devices.

Compare Motorcycle Insurance Quotes

Of course, your premiums will vary by your age, driving history, and location. You will want to compare prices from insurers in your local area. Our free motorcycle insurance quotes make it easy to fill out one short form, and then sit back while motorcycle insurance companies compete for your business.

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