Just as age affects the cost of your auto insurance, it also affects your motorcycle insurance premiums. If you’re a less experienced rider, these tips can help you shave the cost of your motorcycle insurance policy.
- Take an advanced rider course. Go beyond the basic training and get more experience. These programs generally offer certificates that you can provide to your insurance company.
- Buy an older bike. Just as older cars are less expensive to insure, the same is true for motorcycles. Your first few years on the road, you’re more likely to trash a more expensive bike anyway.
- Choose a bike with a smaller engine. Lower horsepower means you have to ride a bit more conservatively, since your bike won’t have the same “pick-up.”
- Watch how you drive your car. Even if you have motorcycle insurance with a company that is different than that of your car, tickets and accidents follow your driver’s license! So drive sensibly regardless of whether you are in your car or on your bike.
- Shop around for the best insurance rates. Insurance rates can vary widely from one company to another, even for an identical policy. Talk to an insurance agent about finding the best rate for you.
Perhaps the most important advice for reducing your motorcycle insurance rates is to drive with extreme care, especially in your first few years as a rider. Staying vigilant, paying attention to changing motorcycle and traffic laws, and keeping your bike in good repair will all keep you safe on the road—and contribute to lower insurance premiums.