Do you think that you are spending too much money on your motorcycle insurance? Are you thinking about getting a bike and the best insurance on the market? Save a lot of money from your premiums by following the simple tips presented in this article!

1. The model and make matter

Just like with car insurance policies, the type of vehicle that needs to be insured affects greatly the insurance rates. This can be seen as twofold. Firstly, if a bike is really expensive to replace or repair it will come with high insurance premiums too. This is so because any claim related to this motorcycle will cost the insurance company more than average. Secondly, an expensive bike is more likely to get stolen than a cheap one. This also affects the premium costs. It is obvious that if your bike is a great target for thieves it is more likely to get stolen and you are more likely to file a claim. In general, bikes which are newer or faster come with high premiums as they cost a lot more to repair and are targets for thieves. Therefore, if you are about to purchase a new bike and you cannot afford to pay a lot for its insurance it is a wise decision to get an older bike that is not too fast. This way you can reduce your insurance premiums significantly and stay safe on the road easily.

2. Your experience counts!

You might think that it is unfair to get high insurance rates when you are eighteen, but statistics show that younger drivers with less experience are involved in a lot more accidents on the road. Therefore, if you are a newer rider, even if you are thirty, you can expect to pay more for your motorcycle insurance. You can reduce the costs a bit if you emphasize the fact that you plan on being a safe driver and take a motorcycle training course. Ask your insurance company about accredited programs and insurance premium reductions that will become available to you once you pass the chosen course.

3. Safe storage

Motorcycles are really good targets for thieves especially when they are parked outside of a garage for a long period of time as it often happens. The safer your storage facility is, the more you are going to save from the insurance premiums for your motorcycle insurance. The insurance company is going to reward you for your efforts to keep your bike away from thieves, so if you install an anti-theft device on your bike and keep it parked in a garage you can reduce your premiums significantly.

4. Save more by driving less

The more you ride your motorcycle, the more you are going to pay for the insurance premiums. Why? Because you might be a really safe rider, but if you are on the bike all day long every single day you are still at high risk of getting involved in an accident. Therefore, your motorcycle insurance is going to cost more if you ride the bike more.