How to Save Money on Motorcycle Insurance
Margaret Huntley 08-09-2022

What’s Motorcycle Drivers Insurance?

Save Money on Motorcycle Insurance

There’s a feeling that you get riding two wheels on the open road that you just don’t get in an ordinary vehicle. If you own a motorcycle or are considering purchasing one, chances are you know the feeling. 

You may also know that insurance can be quite expensive for motorcyclists due to the high-risk nature of these vehicles. But remember, there are always things you can do to save on insurance. 

This article will show you the five best ways to lower the cost of your motorcycle insurance, leaving more room in your bank account for (what else?) more bike trips. 

  1. Take a safe driving course: The main reason that motorcycle insurance is so expensive is that the insurer takes on a significant risk to cover you. Motorcycle accidents are unfortunately an all-too-common occurrence and the damages can be significant.

    But taking a safe driving course demonstrates to your insurance provider that you are a responsible driver who will know how to deal with any risky situation that occurs on the road and they’ll be more likely to give you a discount. Not to mention, you’ll likely avoid a number of accidents and claims simply by taking the course, which will help keep your premiums down. 

  2. Maintain a clean driving record: Another way to show your insurance company that you’re responsible behind the wheel (or handlebars, in this case) is by having a clean record. This means no tickets, no accidents, no charges, and no claims.

    Of course, things happen, and you may not be able to have a spotless record. But make sure you always practice safe driving so that your record stays as clean as possible. And, in turn, you’ll keep your motorcycle insurance premiums to a minimum.

    Note that this applies no matter what type of vehicle you are driving. The record follows you, not your vehicle.

  3. Bundle your insurance: Insurance providers that sell multiple types of insurance will often offer bundles. This means that by purchasing two or more plans under the same company, your loyalty is often rewarded with a significant discount.

    The most common bundle is home and auto insurance, but there are many companies that will allow you to bundle your motorcycle insurance with your auto, home, boat, etc. Be sure to contact your insurance agent to be aware of what bundle offers are available. 

    Keep an eye out though: just because your motorcycle insurance coverage is in a bundle, it does not necessarily mean it’s the best rate. There could still be a singular plan at a different company that is cheaper in the long run, so do your research. 

  4. Ask about discounts: You’d be surprised how many discounts your insurance provider offers that you might not be aware of, including:

    • Veterans 
    • Alumni 
    • Safe driving course
    • Group rates 
    • Good student 
    • Retirees

      Ask your insurance provider about the discounts you think you may qualify for. And ask even if you don’t think you’re eligible, it can’t hurt!
  5. Shop around for the best rate: This is the most important tip. If you’re looking to save on motorcycle insurance, then you need to compare multiple insurance quotes from different companies. Even better, have ConsumerCoverage do the work for you and get you access to free insurance quotes.

    Insurance rates are variable and always changing, and you have to take matters into your own hands if you want to have the lowest possible rate. Don’t ever get too comfortable with your insurance policy. You should reassess every few years to ensure you’re still receiving the best price.

    At the end of the day, if you’re diligent then you’ll have no issue finding quality motorcycle insurance for a fantastic price.

Next Steps to Save on Motorcycle Insurance

Ready to put more money back in your pocket? It’s never too late to find a more affordable insurance policy. Start by shopping around (get access to free quotes here) and getting multiple quotes for motorcycle insurance. Once you’ve chosen the best possible plan, start asking for discounts. Insurance providers want your business, so don’t be afraid to ask. Lastly, maintain a clean driving record and explore safe driving courses to lower your premiums that much more. 

Now you’re ready to enjoy the wind in your hair knowing you got the very best deal on motorcycle insurance. Happy driving! 

Margaret HuntleyMargaret Huntley is a creative writing and philosophy student at Western University. She has been working as a freelance writer for over two years and has written about everything from insurance, to poker, to health and wellness for international businesses.