How To Reduce The Cost of Your Bike Insurance Policy

Insurance costs can sometimes be higher than the price of your motorcycle, and even if they are lower, there’s no point spending more than you have to. Check out these top tips for reducing the cost of your bike insurance.

1) Cap Your Mileage

If you are confident that you know how many miles you will be travelling you can take advantage of discounts for those who don’t use their bike for extensive travel. Make sure you are not paying for commuting to and from work if you only use your motorcycle for pleasure.

2) Compare Bike Insurance Quotes Online

When you visit comparison websites you are presented with an easy-to-compare layout so that you can be sure you haven’t missed a great deal. These websites make it their business to find you the best bike insurance by polling leading insurance brokers and you may find that they will list companies that you would not have thought of otherwise, saving you from committing to a higher-priced alternative. However, be aware that not all insurance brokers are listed on comparison websites so you still need to shop around.

3) Up Your Security

The safer your bike, the less risk to the insurance company and the lower your premium. If you have a safe place to store your motorbike, like a garage, make sure to let your insurance company know. Ensure that your lock and alarm are approved by the insurance company or you may find you will be rejected when you come to make a claim.

4) Complete Advanced Rider Training Courses

Advanced rider training programmes and motorbike safety courses will reduce your premium and make you a better rider.

5) Ride Safely

Even if you don’t get into any accidents, speeding tickets and points will not go unnoticed and will raise your premium.

6) Never Just Accept Your Renewal Quote

Insurance companies rely on you not wanting to go through the hassle of switching insurers. When you get a renewal quote shop around. Bike insurance may be available for you at a cheaper rate than your current provider is offering. Even if you don’t want to switch, if you tell your broker that you have found a better deal elsewhere, they may drop your premium to keep you as a customer.

7) Buy a classic bike!

Classic bikes are less desirable to thieves and performance is obviously not up to the standards of modern sports bikes. They are also deemed to be less of an insurance risk as owners tend to look after their bike to a high standard. Get a Classic motorcycle insurance quote today…

Tags: Classic Motorcycle Insurance, Compare Bike Insurance