When it comes to getting insurance for your motorcycle, the chances are what you want most is a policy that doesn’t break the bank. The fact is that often insuring a vehicle, such as a motorbike can end up being a little on the pricey side. However, the truth is that your motorcycle insurance doesn’t have to write you off financially, it’s just a case of being smart about your motorcycling choices, that’s all.
Choose a less powerful bike
Obviously, a power motorcycle is appealing, because the more power it has, the faster it can go. Of course, from an insurance provider’s perspective, this is bad – the faster a bike can go, the more likely the rider is to have an accident. That’s why the less powerful a bike is, the lower the insurance premium tends to cost. Instead of opting for the most powerful bike there is, consider getting something slightly less powerful to help bring your insurance premium down.
Avoid modified bikes
Modified bikes might be popular in the motorcycling world but they aren’t popular with insurers, and the policy prices for these kinds of bikes reflects that. This is because modified bikes are seen as being more expensive to repair or replace, meaning that insurance premiums for them are higher. So, if you want to cut costs when it comes to your motorcycle’s insurance, it’s best to avoid modified bikes.
One reason that a motorcycle’s insurance policy can be high is because of security issues. The fact is that if you make an effort to improve the security of your motorcycle, then your insurance premium should be lower. Having an alarm fitted to your bike is a great way to do this. It’s also a good idea to park your motorcycle in a car park near where you live that has lights and security cameras.
Be a safer rider
If there’s one thing that increases the cost of insurance, it’s a rider who isn’t safe while out on their bike. A lot of insurance providers will ask questions about how safely you ride, such as whether you wear the right protective gear, as they know that more riders are quite fortunate when having accidents while wearing their leathers. This is important for policies where personal protection is provided, as well as insurance for the bike itself. A lot of insurance companies look favorably on bikers who have undertaken road safety course, so if you haven’t already taken on, this could be something to look into doing.
Limit your mileage
Just like with car insurance policies, the more driving you do, the more likely you are to have an accident. That’s why if you want to reduce the price of your motorcycle insurance policy, it’s a good idea to reduce how much mileage you are doing. If you can only use your bike for leisure riding instead of commuting, that will also help to cut costs. This is because the majority of road traffic accidents occur during rush hour.
Want to reduce the cost of your motorcycle insurance? Yes – then take note of the tips and advice above.