How to get Affordable motorcycle insurance

Is there a trick to finding low-cost motorcycle insurance?

How do you find affordable motorcycle insurance coverage? Here’s a great guide to help you find the right motorcycle insurance, at the right price.

Choose the Right Coverage

Assess your needs: Make sure you’re not paying for coverage that you don’t need. If your motorcycle is older, you might not need comprehensive or collision coverage.
Consider higher deductibles: Higher deductibles can lower your premium, but make sure you can afford the deductible in case of an accident.
Evaluate liability limits: Ensure you have enough liability coverage to protect your assets, but avoid over-insuring.
Ask about discounts: Motorcycle insurance discounts for riding experience, riding group membership, operator safety courses, multiple vehicles, and paying in full, can be a great way to reduce your premium. When looking for insurance coverage, review available discounts to maximize your savings.

Choose Your Bike Wisely

Contemplate a standard model: High-performance or customized bikes often come with higher insurance rates.
Understand Sport bike statistics: Most sport bikes have a higher accident and theft rates which often results in higher premiums.
Consider the engine size: Motorcycles with larger engines typically cost more to insure.
Evaluate the bike’s value: Newer motorcycles, which are more expensive, generally lead to higher insurance costs. Older models will often cost less to insure.
Invest in anti-theft devices: Installing security features like alarms, or GPS tracking, might help to lower your premiums for comprehensive coverage.
Keep your motorcycle secure: Having a motorcycle stored in a garage can earn you a discount with most insurance companies. Zip codes often affect insurance rates and a high-theft zip code may increase your premium.

Improve Your Riding Skills

Take a safety course: Completing a motorcycle safety course can make you eligible for discounts.
Maintain a clean driving record: Avoiding accidents and traffic violations while driving your car and riding your motorcycle. This can help keep your insurance rates low. Be honest about your record when obtaining an insurance quote, your motor vehicle record is maintained in a national database.

Combine Your Insurance Policies

Explore multi-bike discounts: If you own more than one motorcycle, you might qualify for a multi-bike discount.

Maintain a Good Credit Score

Watch your bills: Credit scores may affect premiums in some states, so maintaining a good credit score can help lower your rates.
Monitor your credit report: Regularly check your credit report for errors and correct them promptly.

Annual Policy Review

Reassess your coverage, annually: Review your policy each year to ensure that you are getting all your eligible discounts, it still meets your needs, and you’re not paying for unnecessary coverage. If your bike is older and no longer needs collision coverage, removing this coverage could save you money.

Motorcycle insurance hack: By following these tips, you can secure affordable motorcycle insurance without sacrificing necessary coverage. Always remember to reassess your insurance needs periodically and stay informed about potential discounts and new insurance products.

Do you live and ride in Arizona, Illinois, Ohio or Texas?

Boundless Rider motorcycle insurance can be an affordable option for many types of riders.

A fresh face in motorcycle insurance, Boundless Rider is an innovative motorcycle insurance company lead by industry experts with decades of experience. Focusing solely on insurance for motorcycles, ATVs, UTVs, e-bikes, scooters and snowmobiles, Boundless Rider insurance offers affordable rates, a variety of discounts, and rider-centric perks.

Contact us today and speak with one of our motorcycle insurance specialists, or get a quick motorcycle insurance quote online. We can help you make sure you are getting the right coverage, whether you decide to get motorcycle insurance with us or not.

Be safe and enjoy the ride!