How To Save Money On Motorcycle Insurance

Motorbike Insurance Discounts

Each motorcycle insurance provider maintains different policies regarding insurance rate concessions. To find these discounts you'll need to do some research, inquiring with individual insurance carriers about possible discounts and lower-rate incentives.

In your search you'll find that most motorcycle providers offer all or some of the following discounts if:

• You're a homeowner.

• You had no at-fault accidents during your previous policy period.

• You complete an approved motorcycle safety course.

• Your motorcycle is equipped with LoJack, an anti-theft tracking system.

• You own a clean driving record, with no accidents or violations over a designated period of time (usually three years).

• You pay your policy bill in full rather than in monthly increments.

• You have a history of paying your bills on time.

• You have multiple motorcycles requiring insurance.

• You wear a helmet.

• You bundle your policies, making you eligible for a multiple policy discount. This would entail, for example, combining your motorcycle insurance with condo, homeowners or auto coverage.

• You switch to another insurance company. Some providers offer transfer discounts.

• You're a member of one of the following motorcycle organizations: American Motorcycle Association, BMW Motorcycle Owners of America, Gold Wing Road Riders Association, Gold Wing Touring Association, Harley Owners Group, Honda Riders Club of America, Motorcycle Safety Foundation, or Motorcycle Touring Association.

• You annually ride a limited number of miles.

• You ride a certain type of bike. Cruisers, for example, have lower rates than sport motorcycles.

Compare Motorcycle Insurance Rates

You can also save money on coverage by comparing motorcycle insurance quotes. Every insurance provider designates different insurance rates for different situations. The more quotes you compare, the better your chances of finding an affordable rate that accommodates your budget.

You can easily do this online or by phone.

If you know a traffic violation is about to be dropped from your driving record, hold off on requesting quotes until the violation clears. This little act of patience will help secure a lower insurance rate.

Additional Motorcycle Insurance Information

For answers to all of your insurance questions―motorcycles, cars, RVs, commercial vehicles―visit our Insurance Center.