Owning and riding a motorbike comes with a lot of freedom, but it also comes with a lot of responsibility. One of the most important aspects of motorbike ownership is ensuring you have the proper insurance in case of an accident.
Unfortunately, motorcycle insurance can be quite expensive. However, there are some things you can do to get cheap motorbike insurance. In this post, we will share some tips to help you get the best rates on your motorcycle insurance policy.
Garaging your motorbike
If you want to get cheap insurance, one of the best things you can do is garage your bike. Here’s why: Motorcycles are considered a higher risk for insurance companies. They’re more likely to be stolen, and they’re also more dangerous to insure in terms of liability.
Garaging your bike means that it will be stored in a secure location, which will make it less likely to be stolen and could lead to lower rates. It’s also a good idea to add motorcycle theft protection to your policy, which will further reduce your premiums.
Joining a riding association
Joining a riding association can save you money on your motorbike insurance policy.
How? Most major insurance companies offer discounts to riders who are members of approved riding associations. In some cases, the discounts can be as much as 15% off the cost of your policy.
There are a number of different riding associations to choose from, so it’s important to do your research and find one that best suits your needs.
Taking an approved riding course
If you want to get cheaper insurance, one of the best things you can do is take an approved riding course. Not only will you learn how to ride safely and confidently, but you’ll also prove to your insurer that you’re a responsible rider. Many insurers offer discounts for riders who have completed an approved course, so it’s definitely worth looking into.
Having a clean driving record
One of the easiest ways to get cheap insurance is to maintain a clean driving record. This means not getting any traffic violations or tickets, and staying accident-free.
If you have a history of traffic violations or accidents, your motorbike insurance rates will likely be higher than those of someone who doesn’t. This is because insurance companies see drivers with a poorer driving history as being more of a risk, and therefore charge them more for coverage. However, there are some things you can do to help bring your rates down. One is to shop around and compare quotes from different insurers. You may also be able to save money by increasing your deductible amount. Lastly, think about adding safety features to your bike. Things like anti-theft devices and crash sensors can often help reduce your premiums.
Having a smaller engine size
One way to decrease your insurance premiums is to have a smaller engine size. This is because the smaller the engine, the less damage it can do in the event of an accident.
Obviously, this isn’t always an option, as some people need a motorbike with a larger engine for their needs. But if you’re able to go for a smaller option, it could save you a lot of money in the long run.
Another way to get cheaper motorbike insurance is to ensure your bike is stored in a secure area. If you can prove to your insurer that your bike is kept in a safe place, they may offer you lower premiums as a result. Finally, make sure you shop around and compare quotes from different insurers. You may be surprised at how much of a difference there can be in price, so it’s definitely worth taking the time to compare.
Installing security devices
Installing security devices on your bike can help to lower your insurance premiums. Most insurers offer discounts for fitting a bike alarm, tracker or immobiliser.
The more security devices you have, the greater the discount you’ll receive. So, if you can afford to, it’s definitely worth investing in a few extra protection measures for your bike.
Conclusion:
There are a few things you can do to get cheap insurance. First, shop around and compare rates from different insurers. Second, raise your deductible; this will lower your premium. Third, make sure you have a good driving record. And fourth, bundle your insurance policies together. By following these tips, you can save a lot of money on your motorbike insurance.
