Know what affects your premiums
Similar to auto insurance, insurance rates are based on factors like your age, driving history, and zip code, as well as the year and make of your motorbike and the miles you drive each year.
Look for ways to lower your premiums
Participating in a motorcycle safety program will lower your insurance premium even if you’re younger than 25 or have previously been in one. Many motorcycle insurance companies offer discounts for safe driving, including installing anti-lock brakes and anti-theft devices, becoming an active member of a rider’s organization, and many others.
Compare the quotes of different insurers for motorcycle insurance to ensure you get the most affordable price. Remember that not all insurance companies will cover all types of bikes. Although most include cruisers, touring bicycles, dirt bikes, trikes, and sports bikes, and mopeds/scooters, a few do not include race bikes or old bikes (of over 25 years).).
Consider lay-up policies
Suppose you reside in a place where it’s difficult to drive in the winter months. In that case, a lay-up insurance policy permits you to suspend insurance for collision and liability during the winter while still keeping your insurance coverage full.
Be careful with bundling
Although bundling your motorcycle insurance together with your car or home insurance can help you save the cost of buying individual policies, they may be cheaper in certain instances.