Keeping a motorbike can be a big expense when you factor in all of the running costs. One of the biggest costs (and one which is unavoidable) is your motorcycle insurance. Although this will always be an expense that you need to keep your wheels on the road, there are a few good ways to make your bike insurance more affordable which can make a big difference in the long run.
Less Powerful Bike
One of the biggest factors that determines how much you pay each month will be the bike that you ride. You will have to pay a lot more for a new, expensive and powerful bike so look to buy an older more basic motorcycle if you want cheaper insurance. Additionally, avoid modified bikes as these will be more expensive to repair and more attractive to criminals.
Reduce Annual Mileage
The less time that you spend on the road the less likely you are to have an accident. By reducing your annual mileage, you will be deemed lower risk by insurance providers.
Park in a Secure Area
Bikes are much safer when they are kept in a garage or stored off-road so if possible, keep your bike parked in a secure area.
Increase Voluntary Excess
As with an automobile, if you agree to pay a higher voluntary excess then you should get a lower insurance quote (just make sure that you can afford the excess).
Use a Specialist
Specialists like Devitt compare prices to help you to find the cheapest bike insurance quote that will still provide high-quality coverage for your motorbike. This can take the stress out of finding insurance and could help you to make big savings.
Improve Bike Security
Security protection can stop thieves from stealing your motorbike and could help to reduce your premium. Electronic alarms, immobilisers and a high-quality chain are just a few ways to secure your motorbike.
Taking a special motorcycle training course is a smart idea because it will improve your riding skills but is also an effective way to reduce the amount that you pay. The course will cost money, but you can recoup this with a lower premium.
These are the most effective ways to reduce your insurance premium for your motorcycle. Insurance can be a major cost for a motorcyclist but there are always ways to reduce your premium which could help you to make big savings in the long run while still providing you with an adequate level of coverage.
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