Just like with your car, you need to insure your motorcycle to protect both yourself and other drivers while on the road. But motorcycle insurance doesn’t have to be a huge financial burden. Luckily, there are plenty of ways to save. And it all starts with your bike.
Some people are happy to just buy a motorcycle, while others prefer to install custom accessories and commission custom paint jobs. Keep in mind that these additions add value to your bike, which is likely to cost you more in insurance coverage. For lower rates, it’s better to leave the factory parts and paint as is.
Your driving record may also affect motorcycle insurance premiums. Drivers with clean records typically pay less, while drivers with multiple tickets and/or accidents typically pay more because of the added risk they pose.
Another factor is how often you ride your motorcycle. Weekend and seasonal riders are likely to pay less than year-round riders simply because you face more risk when you spend more time on the road. And when you’re not riding, your method of bike storage comes into play as well. Storing your bike in a garage or shed protects it from the elements and theft, often resulting in lower premiums than bikers who store their motorcycles outdoors.
Speaking with your independent insurance agent is a great way to find out how you can save on motorcycle insurance premiums. Be sure to ask about bundling discounts to save on all of your policies, as well as new customer, customer loyalty and a host of additional discounts that may be available.